BP 2006 Annual Report Download - page 4

Miscellaneous terms
In this document, unless the context otherwise requires,
the following terms shall have the meaning set out below.
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ADR American depositary receipt.
ADS American depositary share.
Amoco The former Amoco Corporation and its subsidiaries.
Atlantic Richfield Atlantic Richfield Company and its subsidiaries.
Associate An entity over which the group has significant influence and
that is neither a subsidiary nor a joint venture. Significant influence is the
power to participate in the financial and operating policy decisions of an
entity without having control or joint control over those policies.
Barrel 42 US gallons.
b/d Barrels per day.
BP, BP group or the group BP p.l.c. and its subsidiaries.
Burmah Castrol Burmah Castrol plc and its subsidiaries.
Cent or c One-hundredth of the US dollar.
The company BP p.l.c.
Dollar or $ The US dollar.
EU European Union.
Gas Natural gas.
Hydrocarbons Crude oil and natural gas.
IFRS International Financial Reporting Standards.
Joint venture A contractual arrangement between the group and other
venturers that undertake an economic activity that is subject to joint
control. Joint control exists only where the strategic financial and
operating decisions relating to the activity require the unanimous consent
of the venturers.
Jointly controlled asset A joint venture where the venturers have a
direct ownership interest in and jointly control the assets of the venture.
Jointly controlled entity A joint venture that involves the establishment
of a company, partnership or other entity to engage in economic activity
that the group jointly controls with fellow venturers.
Liquids Crude oil, condensate and natural gas liquids.
LNG Liquefied natural gas.
London Stock Exchange or LSE London Stock Exchange plc.
LPG Liquefied petroleum gas.
mb/d thousand barrels per day.
mboe/d thousand barrels of oil equivalent per day.
mmBtu million British thermal units.
mmcf/d million cubic feet per day.
MTBE Methyl tertiary butyl ether.
NGLs Natural gas liquids.
OPEC Organisation of Petroleum Exporting Countries.
Ordinary shares Ordinary fully paid shares in BP p.l.c. of 25c each.
Pence or p One-hundredth of a pound sterling.
Pound, sterling or £ The pound sterling.
Preference shares Cumulative First Preference Shares and Cumulative
Second Preference Shares in BP p.l.c. of £1 each.
PSA Production-sharing agreement.
SEC The United States Securities and Exchange Commission.
Subsidiary An entity that is controlled by the BP group. Control is the
power to govern the financial and operating policies of an entity so as to
obtain the benefits from its activities.
Tonne 2,204.6 pounds.
UK United Kingdom of Great Britain and Northern Ireland.
UK GAAP Generally Accepted Accounting Practice in the UK.
US or USA United States of America.
US GAAP Generally Accepted Accounting Principles in the US.
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