BP PLC

The expectation regarding time commitment for

NEDs to effectively discharge their duties is set out

in the directors’ letters of appointment. The time

commitment varies with the demands of bp

business and other events. The NEDs’ external time

commitments – whether through executive, non-

executive, advisory or other roles – are regularly

reviewed by the company secretary to ensure that

directors are able to allocate appropriate time to bp.

A register of directors’ time commitments and

conflicts is maintained and is also reviewed annually

by the people, culture and governance committee.

The review process takes into account outside

appointments and other external commitments and

considers the complexity of the organization, the

nature of the role, the sector (especially regulated

and/or potentially competing sectors) and any

leadership roles (e.g. a chair position). NEDs are also

required to consult with the company secretary and

chair before accepting any other role that may

impact their ability to commit appropriate time to

bp. The process for the approval of any new

external appointment, significant or otherwise, for

an existing director assesses the impact of that

appointment on the director’s time in order to

ensure the director has sufficient capacity for their

role with bp. As part of that same review process, a

review of independence and potential conflicts of

interest is undertaken, taking account of institutional

investor and proxy advisor guidance and market

best practice. Any external proposed commitments

that could exceed the mandates set out in such

guidance are given particular consideration. The

board was satisfied that significant appointments

undertaken during 2024 did not impact the

directors’ ability to prepare for and attend meetings,

engage with stakeholders and participate in learning

and development opportunities. The board has

concluded that, notwithstanding external

appointments held, each director is able to dedicate

sufficient time to fulfil their bp duties. In compliance

with the Code, none of the executive directors who

served during 2024 held more than one non-

executive directorship in a FTSE 100 company or

other significant appointment throughout their

tenure on the board. For more information on the

external commitments of bp’s directors, seepages

72-73.

For information on board meetings held during

2024 and director attendance at board meetings,

seepage 71.