BP (BP)

US GAAP CONDENSED FINANCIAL INFORMATION

The Securities and Exchange Commission has amended Form 20-F to provide four options for foreign private issuers that are first-time adopters of International Financial Reporting Standards (IFRS) and are required to provide interim financial statements in Securities Act or Exchange Act documents used after nine months from the financial year end. BP is using the US GAAP condensed financial information option. This option allows foreign companies to use condensed US GAAP financial information to bridge the gap in interim financial information between previous GAAP and IFRS. The condensed US GAAP financial information provides a level of detail consistent with that required by Article 10 of Regulation S-X for interim financial statements and should be read in conjunction with the unaudited interim financial statements and notes included in BP’s Form 6-K for the period ended September 30, 2005.

The following financial information is the unaudited US GAAP condensed financial information of BP for the nine month periods ended September 30, 2005 and 2004, for the year ended December 31, 2004 and as at September 30, 2005, December 31, 2004 and September 30, 2004.

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US GAAP CONDENSED FINANCIAL INFORMATION

The Securities and Exchange Commission has amended Form 20-F to provide four options for foreign private issuers that are first-time adopters of International Financial Reporting Standards (IFRS) and are required to provide interim financial statements in Securities Act or Exchange Act documents used after nine months from the financial year end.  BP is using the US GAAP condensed financial information option.  This option allows foreign companies to use condensed US GAAP financial information to bridge the gap in interim financial information between previous GAAP and IFRS.  The condensed US GAAP financial information provides a level of detail consistent with that required by Article 10 of Regulation S-X for interim financial statements and should be read in conjunction with the unaudited interim financial statements and notes included in BP’s Form 6-K for the period ended June 30, 2005.

The following financial information is the unaudited US GAAP condensed financial information of BP for the six month periods ended June 30, 2005 and 2004, for the year ended December 31, 2004 and as at June 30, 2005, December 31, 2004 and June 30, 2004.

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