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
Refining indicator margin
We have updated the metric used to track the
refining margin environment to the refining
indicator margin (RIM)k. After a weak 1Q25,
RIM increased over the rest of the year,
supported by lower crude prices, relatively
resilient product demand, tight product
inventories and unplanned capacity outages
and disruptions. RIM averaged $12.8/bbl over
2025 as a whole, up $2.1/bbl (19%) from
its average level in 2024 k.
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