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BP » Topics » DESCRIPTION OF BP CAPITAL MARKETS P.L.C.

This excerpt taken from the BP F-3ASR filed Mar 13, 2009.

DESCRIPTION OF BP CAPITAL MARKETS P.L.C.

STYLE="margin-top:12px;margin-bottom:0px">Financial Statements

We do not present separate
financial statements of BP Capital Markets p.l.c. in this prospectus because management has determined that they would not be material to investors. BP will fully and unconditionally guarantee the guaranteed debt securities issued by BP Capital
Markets p.l.c. as to payment of principal, premium, if any, interest and any other amounts due.

BP Capital Markets p.l.c.

BP Capital Markets p.l.c. (“BP Capital U.K.”) is a wholly-owned indirect subsidiary of BP and was incorporated under the laws of
England and Wales on December 14, 1976. BP Capital U.K. is a financing vehicle for the BP Group and issues debt securities and commercial paper on behalf of the BP Group. BP Capital U.K. will lend substantially all proceeds of its borrowings to
the BP Group.

 


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