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

Business reviewGroup overview2011 was a year of recovery,consolidation and change. We laidstrong foundations, reshaped theportfolio and recovered momentum.Business review: Group overview8 Chairman’s letterCarl-Henric Svanberg sets out the actions taken by theboard to establish a stronger, safer BP.12 Board of directorsBP’s board of directors, as at 6 March 2012.14 Group chief executive’s letterBob Dudley reports on BP’s progress against itspriorities of enhancing safety, earning back trust andgrowing value.18 Our marketFrom oil prices, natural gas prices and refining marginsduring the year to the long-term outlook for the globalenergy industry.25 Our organizationA clear overview of today’s BP, from our businessmodel to what we stand for and where we operate.37 Our strategyWhat you can expect from us and what you canmeasure, as we work to create a stronger, safer BP.42 Our management of riskThe strengthened processes and systems we areputting in place to make BP a safer, more risk-awarecompany.47 Our performanceKey measures, actions and events in a year ofconsolidation and change.BP BP Annual Annual Report Report and and Form Form 20-F c 2011 7