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BP » Topics » Acquisitions in 2003

This excerpt taken from the BP 20-F filed Jun 13, 2006.

Acquisitions in 2003

        BP made a number of minor acquisitions in 2003 for a total consideration of $82 million. All these business combinations were accounted for using the acquisition method of accounting. No significant fair value adjustments were made to the acquired assets and liabilities. Goodwill of $5 million arose on these acquisitions. In addition the Group redeemed the outstanding stock in CH-Twenty, Inc., a subsidiary undertaking, for $150 million.

This excerpt taken from the BP 20-F filed Jun 30, 2005.

Acquisitions in 2003

        BP made a number of minor acquisitions in 2003 for a total consideration of $82 million. All these business combinations were accounted for using the acquisition method of accounting. No significant fair value adjustments were made to the acquired assets and liabilities. Goodwill of $5 million arose on these acquisitions. In addition the Group redeemed the outstanding stock in CH-Twenty, Inc., a subsidiary undertaking, for $150 million.

EXCERPTS ON THIS PAGE:

20-F
Jun 13, 2006
20-F
Jun 30, 2005

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