BP Annual Report and Form 20-F 2011 - Company Reporting

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118 BP Annual Report and Form 20-F 2011
Corporate governanceCorporate governanceOver this coming year we will maintainfocus, discipline and follow throughat the board as we continue to dealwith a volume of issues.120 Board performance report126 Committee reports133 Risk management and internal control review134 Corporate governance practices134 Code of ethicsCorporate governance135 Controls and procedures136 Principal accountants’ fees andservices136 Memorandum and Articles ofAssociationBP Annual Report and Form 20-F 2011 119
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Cover imagePhotograph of DeepseaSta
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Cross reference to Form 20-FPageIte
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Miscellaneous termsIn this document
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6 BP Annual Report and Form 20-F 20
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Chairman’s letterCarl-Henric Svan
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During the year, the remuneration c
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Business review: Group overviewBP A
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SafetyDuring the year, we reorganiz
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In Refining and Marketing, our worl
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Crude oil and gas prices,and refini
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In detailFor more information, seeR
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Our market: Longer-term outlookThe
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BP’s distinctive capabilities and
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Technology will continue to play a
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In detailFor more information,see C
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In detailFind out more online.bp.co
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BP Annual Report and Form 20-F 2011
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Below BP has asignificant presencei
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What you can measure6 Active portfo
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Business review: Group overview2012
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Our risk management systemOur enhan
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Our current strategic priorities ar
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Our performance2011 was a year of f
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Left BP employeesat work in Prudhoe
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We continued to sell non-core asset
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Reported recordableinjury frequency
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Business reviewBP in more depth56 F
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Business reviewThe primary addition
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Business reviewRisk factorsWe urge
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Business review2010. Similar action
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Business reviewBusiness continuity
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Business reviewSafetyOver the past
Page 70: Business reviewour review of all th
Page 73 and 74: Business reviewGreenhouse gas regul
Page 75 and 76: Business reviewresources such as dr
Page 77 and 78: Business reviewExploration and Prod
Page 79 and 80: Business reviewCompleting the respo
Page 81 and 82: Business reviewgrants, which were s
Page 83 and 84: Business reviewOur performanceKey s
Page 85 and 86: Business reviewwere in Russia (Oren
Page 87 and 88: Business reviewCanadaIn Canada, BP
Page 89 and 90: Business review• In March 2011, T
Page 91 and 92: Business reviewaccess advantageous
Page 93 and 94: Business reviewBP’s vice presiden
Page 95 and 96: Business reviewhttp://www.bp.com/do
Page 97 and 98: Business reviewbalance of participa
Page 99 and 100: Business reviewAcquisitions and dis
Page 101 and 102: Business reviewLPGOur global LPG ma
Page 103 and 104: Business reviewOther businesses and
Page 105 and 106: Business reviewLiquidity and capita
Page 107 and 108: Business reviewThe group expects it
Page 109 and 110: Business reviewFrequently, work (in
Page 111 and 112: Business reviewHazardous and Noxiou
Page 113 and 114: Business reviewpart of a larger por
Page 115 and 116: Directors andsenior management114 D
Page 117 and 118: Directors and senior managementDire
Page 119: Directors and senior managementH L
Page 123 and 124: Corporate governanceAntony Burgmans
Page 125 and 126: Corporate governanceBoard oversight
Page 127 and 128: Corporate governanceBoard and commi
Page 129 and 130: Corporate governancefinancial repor
Page 131 and 132: Corporate governancechairs and secr
Page 133 and 134: Corporate governance• Oversee GCR
Page 135 and 136: Corporate governanceCommittee’s r
Page 137 and 138: Corporate governanceControls and pr
Page 139 and 140: Corporate governanceThe Act require
Page 141 and 142: Directors’ remuneration reportRem
Page 143 and 144: Directors’ remuneration reportSum
Page 145 and 146: Directors’ remuneration reportSaf
Page 147 and 148: Directors’ remuneration reportRem
Page 149 and 150: Directors’ remuneration reportThe
Page 151 and 152: Directors’ remuneration reportSha
Page 153 and 154: Directors’ remuneration reportNon
Page 155 and 156: Additional informationfor sharehold
Page 157 and 158: Additional information for sharehol
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Additional information for sharehol
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Additional information for sharehol
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Financial statements174 Statement o
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Consolidated financial statements o
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Notes on financial statements1. Sig
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Notes on financial statementshttp:/
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Notes on financial statements3. Bus
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Notes on financial statements5. Dis
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Notes on financial statements5. Dis
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Notes on financial statements7. Int
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Notes on financial statements10. Im
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Notes on financial statements15. Ex
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Notes on financial statements26. Fi
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Notes on financial statements29. Tr
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Notes on financial statements33. De
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Notes on financial statements33. De
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Notes on financial statements36. Pr
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Notes on financial statements37. Pe
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Notes on financial statements38. Ca
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Notes on financial statementsTotal
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Notes on financial statements39. Ca
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Notes on financial statements40. Sh
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Notes on financial statements42. Re
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Notes on financial statements45. Su
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Notes on financial statements46. Co
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Supplementary information on oil an
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SignaturesThe registrant hereby cer
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Parent company financial statements
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BP Annual Report and Form 20-F 2011 - Company Reporting

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