BP 2010 Annual Report Download - page 182
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Notesonnancialstatements
21.Earningsperordinaryshare
centspershare
2010 2009 2008
Basicearningspershare (19.81) 88.49 112.59
Dilutedearningspershare (19.81) 87.54 111.56
Basicearningsperordinaryshareamountsarecalculatedbydividingtheprotorlossfortheyearattributabletoordinaryshareholdersbytheweighted
averagenumberofordinarysharesoutstandingduringtheyear.Theaveragenumberofsharesoutstandingexcludestreasurysharesandthesharesheld
bytheEmployeeShareOwnershipPlans(ESOPs)andincludescertainsharesthatwillbeissuableinthefutureunderemployeeshareplans.
Forthedilutedearningspersharecalculation,theweightedaveragenumberofsharesoutstandingduringtheyearisadjustedforthenumberof
sharesthatarepotentiallyissuableinconnectionwithemployeeshare-basedpaymentplansusingthetreasurystockmethod.Iftheinclusionofpotentially
issuableshareswoulddecreasethelosspershare,thepotentiallyissuablesharesareexcludedfromthedilutedearningspersharecalculation.
$million
2010 2009 2008
Prot(loss)attributabletoBPshareholders (3,719) 16,578 21,157
Lessdividendrequirementsonpreferenceshares 2 2 2
Prot(loss)fortheyearattributabletoBPordinaryshareholders (3,721) 16,576 21,155
sharesthousand
2010 2009 2008
Basicweightedaveragenumberofordinaryshares 18,785,912 18,732,459 18,789,827
Potentialdilutiveeffectofordinarysharesissuableunderemployeeshareschemes 211,895 203,232 172,690
18,997,807 18,935,691 18,962,517
Thenumberofordinarysharesoutstandingat31December2010,excludingtreasurysharesandthesharesheldbytheESOPs,andincludingcertain
sharesthatwillbeissuableinthefutureunderemployeeshareplanswas18,796,497,760.Between31December2010and18February2011,the
latestpracticabledatebeforethecompletionofthesenancialstatements,therewasanetincreaseof2,303,313inthenumberofordinaryshares
outstandingasaresultofshareissuesinrelationtoemployeeshareschemes.Thenumberofpotentialordinarysharesissuablethroughtheexercise
ofemployeeshareschemeswas208,667,985at31December2010.Therehasbeenandecreaseof35,044,060inthenumberofpotentialordinary
sharesbetween31December2010and18February2011.
On14January2011,BPenteredintoashareswapagreementwithRosneftOilCompanythat,subjecttotheoutcomeofthecourtapplication
referredtoinNote6,wouldresultinBPissuing988,694,683newordinarysharestoRosneftwhenthetransactioncompletes.SeeNote6forfurther
informationregardingthistransaction.
180BPAnnualReportandForm20-F2010