This excerpt taken from the BP 20-F filed Mar 4, 2008.
Acquisitions in 2007
BP made a number of acquisitions in 2007 for a total consideration of $1,200 million. These business combinations were predominantly in the Refining and Marketing segment, the most significant of which was the acquisition of Chevrons Netherlands manufacturing company, Texaco Raffiniderij Pernis B.V. The acquisition included Chevrons 31% minority shareholding in Nerefco, its 31% shareholding in the 22.5 megawatt wind farm co-located at the refinery as well as a 22.8% shareholding in the TEAM joint venture terminal and shareholdings in two local pipelines linking the TEAM terminal to the refinery. Fair value adjustments were made to the acquired assets and liabilities. Goodwill of $270 million arose on these acquisitions.