BP (BP)

Socio-political

We have operations in countries where political, economic and social transition is taking place. Some countries have experienced political instability, changes to the regulatory environment, expropriation or nationalization of property, civil strife, strikes, acts of war and insurrections. Any of these conditions occurring could disrupt or terminate our operations, causing our development activities to be curtailed or terminated in these areas or our production to decline and could cause us to incur additional costs. In particular, our investments in Russia could be adversely affected by heightened political and economic environment risks.
 

We set ourselves high standards of corporate citizenship and aspire to contribute to a better quality of life through the products and services we provide. If it is perceived that we are not respecting or advancing the economic and social progress of the communities in which we operate, our reputation and shareholder value could be damaged.
 
 

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Principal risks and uncertainties (continued)

We have operations in countries where
political, economic and social transition is taking place. Some countries have experienced
political instability, changes to the regulatory environment, expropriation or
nationalization of property, civil strife, strikes, acts of war and insurrections. Any of
these conditions occurring could disrupt or terminate our operations, causing our
development activities to be curtailed or terminated in these areas or our production to
decline and could cause us to incur additional costs. In particular, our investments
in Russia could be adversely affected by heightened political and economic
environment risks.

 

We set ourselves high standards of
corporate citizenship and aspire to contribute to a better quality of life through the
products and services we provide. If it is perceived that we are not respecting or
advancing the economic and social progress of the communities in which we operate, our
reputation and shareholder value could be damaged.

 

 

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Principal risks and uncertainties
(continued)