BP 2013 Annual Report Download - page 3

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Strategic report
BP in 2013
Our actions continue to make
BP stronger and safer. We are
growing shareholder returns
through operational efficiency
and financial discipline. We
report on our progress here.
Corporate governance Financial statements Shareholder informationAdditional disclosures
1 Strategic report
2 BP at a glance
6 Chairman’s letter
8 Group chief executive’s letter
10 Our market outlook
12 Our business model
13 Our strategy
18 Our key performance indicators
20 Our approach to executive directors’
remuneration
22 Group performance
25 Upstream
31 Downstream
35 Rosneft
37 Other businesses and corporate
38 Gulf of Mexico oil spill
41 Corporate responsibility
49 Our management of risk
51 Risk factors
56 Liquidity and capital resources
59 Corporate governance
60 Board of directors
66 Executive team
69 Governance overview
71 How the board works
72 Board effectiveness
73 Shareholder engagement
74 Audit committee
77 Safety, ethics and environment
assurance committee
78 Gulf of Mexico committee
79 Nomination committee
80 Chairman’s committee
81 Directors’ remuneration report
109 Regulatory information
115 Financial statements
116 Statement of directors’ responsibilities
117 Consolidated financial statements
of the BP group
126 Notes on financial statements
200 Supplementary information on oil and
natural gas (unaudited)
224 Parent company financial statements
of BP p.l.c.
235 Additional disclosures
236 Selected financial information
239 Upstream analysis by region
242 Downstream analysis by region
245 Oil and gas disclosures for the group
252 Environmental expenditure
252 Contractual obligations
253 Regulation of the group’s business
257 Legal proceedings
267 Further note on certain activities
268 Material contracts
268 Property, plant and equipment
268 Related-party transactions
269 Exhibits
269 Certain definitions
271 Directors’ report information
271 Cautionary statement
273 Shareholder information
274 Called-up share capital
274 Share prices and listings
274 Dividends
275 UK foreign exchange controls on dividends
275 Shareholder taxation information
277 Major shareholders
278 Purchases of equity securities by the
issuer and affiliated purchasers
278 Fees and charges payable by
ADSs holders
279 Fees and payments made by
the Depositary to the issuer
279 Documents on display
280 Administration
280 Annual general meeting
282 Cross reference to Form 20-F
Information about this report
BP Annual Report and Form 20-F 2013 i