BP PLC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 6, 2026
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Contents
Alignment of 2026 variable remuneration with strategy
Each year, the committee sets a remuneration framework for executive directors that supports and incentivizes the execution of our
strategy. For 2026, the scorecards have been simplified to reflect our business priorities, supported by strong safety and operational
performance, with financial measures at the forefront. Further details on the rationale for their inclusion can be found onpages 109-110.
| Strategy (upstream, downstream, transition) | Primary targets | KPIs | |
| Safety (15%) | |||
| Tier 1 and tier 2 process safety events« | ò | ò | |
| Financials and operations (85%) | |||
| bp-operated reliability« and availability« | ò | ò | |
| Structural cost reductions« ($bn) | ò | ò | ò |
| Modified free cash flow« ($bn) | ò | ||
| Cumulative reduction % in operated carbon emissions (20%) | ò | ||
| Adjusted free cash flow CAGR« (25%) | ò | ò | |
| ROACE« (25%) | ò | ò | |
| Relative TSR (30%) | ò | ||
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