BP PLC

For our investment economics and

sustainability investment criteria we

considered quantitative guide levels, as set

out below, to inform the evaluation of each

investment’s consistency with the goals of the

Paris Agreement. For evaluations in 2025 we

used the central price IRR and other economic

hurdles, as set out in thebp Annual Report and

Form 20-F 2024 (page 22). As in previous years,

we used our operational carbon intensity« as a

guide level, reflecting our portfolio average.

As our approach matures with experience, we

may continue to adjust or supplement our

methodology. There may be instances when

new material capex investments are evaluated

as consistent with the Paris goals despite

either the economic or sustainability guide

levels not being met. The RCM may also take

account, in its Paris consistency evaluation, of

the six balanced investment criteria using

qualitative assessments.