BP PLC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
View on SEC.govAbout this filing
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
Segment performance
At 31 December 2025, the group’s reportable segments
were gas & low carbon energy, oil production &
operations and customers & products. Each is managed
separately, with decisions taken for the segment as a
whole, and represents a single operating segment that
does not result from aggregating two or more segments
(see Financial statements – Note 5).
| Gas & low carbon energya | |
| Comprises our gas & low carbon energy businesses. Our gas business includes regions with upstream activities that predominantly produce natural gas, gas trading and our Archaea Energy business. Our low carbon business includes solar, offshore wind, hydrogen and carbon capture and storage (CCS), and power trading, and until its divestment in December 2025 also included onshore wind. Power trading includes trading of both renewable and non-renewable power. | |
| $1.3bnreplacement cost (RC) profit before interest and taxb(2024 $3.1bnc) | $5.4bnunderlying RC profit before interest and tax«(2024 $6.8bn) |
| Oil production & operationsa | |
| Comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. | |
| $8.6bnRC profit before interest and taxb(2024 $10.8bn) | $9.4bnunderlying RC profit before interest and tax(2024 $11.9bn) |
| Customers & products | |
| Comprises customer-focused businesses, which include convenience and retail fuels, EV charging, as well as Castrol, aviation, B2B, midstream and bp bioenergy. It also comprises our products businesses which include refining and oil trading. | |
| $4.1bnRC profit before interest and taxb(2024 loss $(1.0)bnc) | $5.3bnunderlying RC profit before interest and tax(2024 $2.5bn) |
| Other businesses & corporate | |
| Comprises technology; bp ventures; shipping; our corporate activities and functions; and any residual costs of the Gulf of America oil spill. | |
| $(40)mRC loss before interest and taxb(2024 loss $(1.0)bn) | $(0.6)bnunderlying RC loss before interest and tax(2024 loss $(0.6)bn) |
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