Form SD - Specialized disclosure report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

BP p.l.c.

(Exact name of registrant as specified in its charter)

England & Wales

(Jurisdiction of incorporation)

1-06262

Commission file number

Not Applicable

(IRS Employer Identification No.)

1 St James’s Square, London SW1Y 4PD

United Kingdom

(Address of principal executive offices)

Kate Thomson

Tel +44 (0) 20 7496 4000

(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.

x Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

Section 2—Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Disclosure of payments by resource extraction issuers.

The payment disclosure required by Item 2.01 of Form SD is included as Exhibit 2.01 hereto (the “Report”). The Report has been prepared in accordance with the United Kingdom’s Reports on Payments to Governments Regulations 2014 (2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928), (the “Regulations”). The Regulations are recognized by the United States Securities and Exchange Commission as an alternative reporting regime that satisfies the transparency objections of Section 13(q) under the Securities Exchange Act of 1934 for purposes of alternative reporting under Rule 13q-1(c) and paragraph (c) of Item 2.01 of Form SD. The Report has been delivered to the registrar of companies for England and Wales as required by the Regulations and is available on the Companies House website.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the authorized undersigned.

BP p.l.c.

(Registrant)


Dated:	20 June 2024	/s/ KATE THOMSON
		Kate Thomson
		Chief Financial Officer

Exhibit 2.01


BP p.l.c. Report on Payments to Governments Year ended 31 December 2023

bp Report on Payments to Governments 2023 1

Contents


Introduction			3
Basis of preparation			3
Payments overview			6
Payments by country			7
Algeria			7
Angola			8
Argentina			9
Australia			10
Azerbaijan			11
Brazil			12
Canada			13
Egypt			14
India			15
Indonesia			16
Iraq			17
Israel			18
Mauritania			19
Mexico			20
Oman			21
Senegal			22
Trinidad and Tobago			23
United Arab Emirates			24
United Kingdom			25
United States			26
Other resources			27

bp Report on Payments to Governments 2023 2

Introduction

BP p.l.c. has prepared the following consolidated report (‘the report’) on payments to governments in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928), (the ‘Regulations’). The Report also addresses BP p.l.c.’s reporting obligations under DTR 4.3A of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The ‘Basis of preparation’ section below contains information about the content of the Report, the types of payments included and the principles that have been applied in preparing the Report.

bp’s socioeconomic contribution

bp makes a broader socioeconomic contribution to countries in which we operate, in addition to the payments that are required to be reported under the Regulations. We make payments to governments in connection with parts of our business other than extractive activities – for example in relation to the transportation, trading, manufacture and marketing of oil and gas. As well as government payments, bp contributes to the economies of the countries in which we operate by providing jobs for employees and contractors, purchasing materials from local suppliers and undertaking social investment activities. See Other resources on page 29 for more information on our socioeconomic contribution and our position on tax and financial transparency.

bp’s position on revenue transparency

bp supports transparency in the flow of revenue from oil and gas activities to governments. This helps citizens hold public authorities to account for the way they use funds received through taxes and other agreements.

Basis of preparation

Under the Regulations, the directors of BP p.l.c. are required to prepare a consolidated report on payments made to governments for each financial year in relation to relevant activities of both BP p.l.c. and any of its subsidiary undertakings included in the consolidated group accounts. The term ‘bp’ is used interchangeably within this report to indicate BP p.l.c. or any subsidiary undertaking within the scope of the report.

Activities within the scope of the report

Payments made to governments that relate to bp’s activities involving the exploration, prospection, discovery, development, and extraction of minerals, oil, natural gas deposits or other materials (‘extractive activities’) are included in this report.

Payments made to governments that relate to trading, export (pipelines), refining and processing, renewables projects and other activities that are not within the scope of extractive activities as defined by the Regulations are not included in this report.

Where a payment relates to activities that are reportable under the Regulations as well as to activities which are not reportable, bp reports the payment in its entirety if it is not possible to disaggregate it.

Government

Under the Regulations, a ‘government’ is defined as any national, regional or local authority of a country, and includes a department, agency or undertaking that is a subsidiary undertaking controlled by such an authority. In some countries, certain local indigenous organizations fall within this definition of government. Where this is the case, payments made to such organizations have been included in this report. Where a state-owned enterprise undertakes activities outside of its home jurisdiction, then it is not considered to be a government.

Cash basis

Payments are reported on a cash basis, meaning that they are reported in the period in which they are paid, as opposed to being reported on an accruals basis (which would mean that they were reported in the period for which the liabilities arise). Refunds are also reported in the period they are received by bp and are shown as negative amounts in the report. Where payments in kind are made to a government, they are valued, and footnotes are included to help explain the valuation method and any related volumes.

Reporting principles

The Regulations require payments to be reported where they are made to governments by BP p.l.c. and its subsidiary undertakings in respect of extractive activities. In preparing a report, the Regulations also require the disclosure of payments to reflect the substance of each payment and the relevant activity or project concerned. In light of these requirements, bp has assessed its reporting obligations to be as follows:

bp Report on Payments to Governments 2023 3

•Where bp has made a payment to a government, such payment is reported in full, whether made in bp’s sole capacity or in bp’s capacity as the operator of a joint venture. Payments made to governments in connection with joint ventures are included in the report if, and to the extent that, bp makes the relevant payment. Typically, such circumstances will arise where bp is the operator of the joint venture. Payments made by an incorporated joint venture which is not a subsidiary of bp are not included within this report.

•In some instances, bp is a partner in unincorporated joint ventures where the role of operator is performed through a non-typical operatorship model, whereby multiple entities contribute to an unincorporated body which has the role of operator. In relation to such joint ventures, payments made by bp to the government are reported and payments for which bp has direct responsibility to the government, but which are paid on its behalf, are also reported.

•bp’s equity-accounted investments for the financial year ended 31 December 2023, such as Pan American Energy Group and Aker bp, are not bp subsidiaries and therefore in accordance with the Regulations, payments made by such entities are not included in this report.

Project definition

The Regulations require payments to be reported by project (as a subcategory within a country). They define a ‘project’ as the operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If these agreements are substantially interconnected, then they can be treated as a single project. Under the Regulations, ‘substantially interconnected’ means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government, giving rise to payment liabilities. These agreements may themselves be governed by a single contract, joint venture, production-sharing agreement, or other overarching legal agreement. Factors used to determine whether contracts or licences are operationally and geographically integrated may include their common management framework, proximity and use of common infrastructure. The number of projects will depend on the contractual arrangements within a country and not necessarily on the scale of activities. A project will only appear in this report where relevant payments occurred during the year in relation to that project.

The Regulations acknowledge that for some payments it may not be possible to attribute a payment to a single project and therefore such payments may be reported at the country level. For example, corporate income taxes, which are typically not levied at a project level.

Materiality threshold

The Regulations require that payments made as a single payment exceeding £86,000 or as part of a series of related payments within a financial year exceeding £86,000 be included in this report.

Reporting currency

All payments have been reported in US dollars. Payments made in currencies other than US dollars are typically translated at the exchange rate at the date of payment.

Payment types

The Regulations define a ’payment‘ as an amount paid whether in money or in kind, for relevant activities where the payment type is one of the following:

•Production entitlements

Under production sharing agreements (PSAs), the production is shared between the host government and the other parties to the PSA. The host government typically receives its share or entitlement in kind rather than being paid in cash. In this report such production entitlement volumes to the government are reported on a lifting basis, i.e. when the government takes possession of its share of production. A market value is applied, usually using the valuation method from the relevant PSA. For joint ventures in which bp is the operator, government production entitlements are reported in their entirety, in accordance with the notes above. Where the national oil company (NOC) is also a partner in the joint venture, their production entitlement is reported in addition to the government share of production. The NOC’s entitlement as a partner will include both their share of production as investor’s return as well as their entitlement for the reimbursement of their costs.

•Taxes

This report includes taxes levied on income, production or profits and taxes withheld from dividends, royalties and interest received by bp. In addition, taxes paid on behalf of bp by the NOC out of production entitlements are reported. Taxes levied on consumption, personnel, sales, procurement (contractor’s withholding taxes), property and environmental taxes, customs and excise are not reportable under the Regulations.

bp Report on Payments to Governments 2023 4

•Royalties

These may be paid in cash or in kind (valued in the same way as production entitlements).

•Fees

In preparing this report, bp has included licence fees, rental fees, entry fees and all other payments that are paid in consideration for new and existing licences and/or concessions. Fees paid to governments for administrative services are excluded.

•Bonuses

Signature, discovery and production bonuses and other bonuses payable under licences or concession agreements are included in the report.

•Infrastructure improvements

Such payments include a road, or a building provided by bp that forms part of the fundamental facilities and systems serving a community or area. These payments are included in the report whether or not bp is contractually obliged to fund them and are reported when the relevant assets are handed over to the government or the local community.

•Dividends

These are dividends that are paid in lieu of production entitlements or royalties. Dividends paid by bp to a government as an ordinary shareholder are excluded. For the year ended 31 December 2023, there were no reportable dividend payments to a government.

•Other considerations

The payments shown in this report are rounded to the nearest $0.1 million. Due to rounding, some totals in the following tables may not agree exactly with the sum of their component parts. Amounts are shown to the nearest dollar in the data submitted and are available on the UK Companies House website.

bp Report on Payments to Governments 2023 5

Payments overview

The table below shows the relevant payments to governments made by bp in the year ended 31 December 2023, by country and payment type.

Of the seven payment types required by the Regulations, bp did not pay any relevant dividends and therefore the category is not shown.

$ million


Country	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Algeria		30.4					30.4
Angola		2.1					2.1
Argentina		0.1					0.1
Australia		582.8	119.0	11.7			713.6
Azerbaijan	12,645.6	883.5		2.1	450.0		13,981.2
Brazil		(2.5)		1.2	1.7		0.4
Canada				1.4			1.4
Egypt		389.2		2.7	12.7		404.6
India	16.0						16.0
Indonesia	410.6	280.9		0.1			691.6
Iraq		53.7					53.7
Israel					1.7		1.7
Mauritania				1.3		0.1	1.5
Mexico		0.2		77.7			77.9
Oman	2,314.5	911.9		1.8			3,228.3
Senegal				0.7			0.7
Trinidad and Tobago		419.2		3.8			423.0
United Arab Emirates		4,913.3		6.0			4,919.2
United Kingdom		1,822.1		8.0			1,830.1
United States		104.1	1,145.0	14.1	50.6		1,313.8
Total	15,386.7	10,391.0	1,264.0	132.6	516.7	0.1	27,691.3

bp Report on Payments to Governments 2023 6

Payments by country

Algeria

$ million

GOVERNMENT

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Sonatrach

21.3

Treasury and Accounting

Management (of the State's

Financial Operations)

9.2

Total

30.4


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
BP Exploration Operating		9.2					9.2
In Amenas		10.5					10.5
In Salah		10.8					10.8
Total		30.4					30.4

bp Report on Payments to Governments 2023 7

Angola

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Ministry of Finance

2.1

Total

2.1

PROJECTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Payments not attributable to

projects

2.1

Total

2.1

bp Report on Payments to Governments 2023 8

Argentina

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Administracion Federal de Ingresos Publicos

0.1

Total

0.1

PROJECTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Payments not attributable to projects

0.1

Total

0.1

bp Report on Payments to Governments 2023 9

Australia

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Australian Taxation Office		582.8		8.6			591.4
Department of Mines, Industry Regulation and Safety			119.0	2.2			121.3
Department of Finance				0.9			0.9
Total		582.8	119.0	11.7			713.6


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
North West Shelf		582.8	119.0	11.7			713.6
Total		582.8	119.0	11.7			713.6

bp Report on Payments to Governments 2023 10

Azerbaijan

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Azerbaijan (ACG) Ltd. (SOCAR subsidiary)(a)	1,067.3						1,067.3
Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary)(b)	431.3						431.3
Ministry of Taxes(h)		883.5					883.5
SGC Upstream LLC(c)	1,395.1						1,395.1
State Oil Company of Azerbaijan Republic (SOCAR)(d)	184.7						184.7
State Oil Fund of Azerbaijan (SOFAZ)(e)	9,567.1			2.1	450.0		10,019.3
Total	12,645.6	883.5		2.1	450.0		13,981.2


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Azeri-Chirag-Deepwater Gunashli – PSA (f)	8,118.8	103.6			450.0		8,672.4
Shafag-Asiman – PSA				2.1			2.1
Shah Deniz – PSA(g)(i)	4,526.8	779.9					5,306.7
Total	12,645.6	883.5		2.1	450.0		13,981.2

(a)Payments in kind for 12.9 million barrels of crude oil valued at netback value per the production sharing agreement.

(b)Includes payments in kind of $74.8 million for 1.0 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash.

(c)Includes payments in kind of $358.4 million for 4.5 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash.

(d)Payments in kind for 2.0 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project.

(e)Includes payments in kind of $7,509.3 million for 91.5 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash.

(f)Includes payments in kind of $7,934.1 million for 96.3 million barrels of crude oil valued at netback value per the production sharing agreement and payments in kind of $184.7 million for 2.0 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project.

(g)Includes payments in kind of $1,075.8 million for 13.7 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash.

(h)Includes $779.9 million of taxes settled by SOCAR on bp’s behalf, out of entitlement, pursuant to the relevant agreements.

(i)Pursuant to the relevant agreements, SOCAR paid these taxes on bp’s behalf out of revenue entitlements.

bp Report on Payments to Governments 2023 11

Brazil

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP)				0.9	1.7		2.6
Petrobras				0.3			0.3
Secretaria da Receita Federal(a)		(2.5)					(2.5)
Total		(2.5)		1.2	1.7		0.4

(a) Income tax refund related to 2011.


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Bumerangue					1.7		1.7
CM-477				0.3			0.3
CM-755				0.4			0.4
CM-793				0.4			0.4
S-M-1500				0.2			0.2
Payments not attributable to projects		(2.5)					(2.5)
Total		(2.5)		1.2	1.7		0.4

bp Report on Payments to Governments 2023 12

Canada

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Canada Newfoundland and Labrador Offshore Petroleum Board				0.5			0.5
Government of The Province of Alberta				0.5			0.5
Natural Resources Canada				0.4			0.4
Total				1.4			1.4

PROJECTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Newfoundland Exploration

0.9

Terre De Grace

0.5

Total

1.4

bp Report on Payments to Governments 2023 13

Egypt

$ million


GOVERNMENTS	Production entitlements	Taxes(a)	Royalties	Fees	Bonuses	Production improvements	Total
Egyptian General Petroleum				2.7	12.7		15.4
Egyptian Tax Authority		389.2					389.2
Total		389.2		2.7	12.7		404.6


PROJECTS	Production entitlements	Taxes(a)	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Baltim		48.7					48.7
El Qaraa		18.8			0.8		19.6
North Damietta		172.2					172.2
North El Hammad		19.7					19.7
Ras El Bar		20.5					20.5
Temsah		14.6					14.6
UGDC		0.2					0.2
West Mediterranean		29.0					29.0
West Nile Delta				2.7	12.0		14.6
Zohr		65.4					65.4
Total		389.2		2.7	12.7		404.6


(a)			Pursuant to the relevant agreements, Egypt General Petroleum Corporation paid these taxes on bp's behalf out of production entitlement.

bp Report on Payments to Governments 2023 14

India

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Ministry of Petroleum and Natural Gas

16.0

Total

16.0

PROJECTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

KG D6 KG-DWN-98/3

16.0

Total

16.0

bp Report on Payments to Governments 2023 15

Indonesia

$ million


GOVERNMENTS	Production entitlements(a)	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Ministry of Finance	410.6	280.9					691.5
SKKMIGAS				0.1			0.1
Total	410.6	280.9		0.1			691.6


PROJECTS	Production entitlements(a)	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Tangguh	410.6	280.9		0.1			691.6
Total	410.6	280.9		0.1			691.6


(a)			Includes payments in kind of $60.3 million for 0.9 million barrels of condensates valued per the production sharing agreement. The remaining production entitlement for LNG was paid in cash.

bp Report on Payments to Governments 2023 16

Iraq

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

General Commission for Taxes

53.7

Total

53.7

PROJECTS

Production

entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Rumaila

53.7

Total

53.7

bp Report on Payments to Governments 2023 17

Israel

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Ministry of Energy and

Infrastructure

1.7

Total

1.7

PROJECTS

Production

entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure

improvements

Total

Licences in

Zone I

1.7

Total

1.7

bp Report on Payments to Governments 2023 18

Mauritania

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Ministry of Petroleum, Energy and Mines				1.0		0.1	1.1
Société Mauritanienne des Hydrocarbures				0.4			0.4
Total				1.3		0.1	1.5


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
BirAllah				0.7			0.7
Block C8				0.7			0.7
Payments not attributable to projects						0.1	0.1
Total				1.3		0.1	1.5

bp Report on Payments to Governments 2023 19

Mexico

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Fondo Mexicano del Petróleo

77.7

Sistema de administración Tributaria

0.2

Total

0.2

77.7

77.9


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Cuencas del Sureste 34 R3				32.8			32.8
Cuenca Salina 1 R1		0.2		44.8			45.1
Total		0.2		77.7			77.9

bp Report on Payments to Governments 2023 20

Oman

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Makarim Gas Development (a)	564.1						564.1
Ministry of Energy and Minerals(b)	1,750.5			0.4			1,750.9
Ministry of Labour				1.4			1.4
Oman Tax Authority (c)		911.9					911.9
Total	2,314.5	911.9		1.8			3,228.3


PROJECTS	Production entitlements (a)(b)	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Khazzan	2,314.5	911.9		1.8			3,228.3
Total	2,314.5	911.9		1.8			3,228.3


(a)			Comprises payments in kind of $225.5 million for 2.7 million barrels of condensates valued at market prices, $337.8 million for 97.2 million mmBtu of gas valued per the Gas Sales Agreement and $0.8 million was paid in cash.
(b)			Comprises payments in kind of $915.6 million for 11.1 million barrels of condensates valued at market prices, $831.9 million for 95.8 million mmBtu of gas valued per the Gas Sales Agreement and $3.0 million was paid in cash.
(c)			Pursuant to the relevant agreements, the Ministry of Oil and Gas paid $671.5 million of taxes on bp’s behalf out of their production entitlement.

bp Report on Payments to Governments 2023 21

Senegal

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Société des pétroles du Sénégal

0.7

Total

0.7

PROJECTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Block Cayar Profond

0.4

Block St Louis Profond

0.3

Total

0.7

bp Report on Payments to Governments 2023 22

Trinidad and Tobago

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Board of Inland Revenue		183.2					183.2
Ministry of Energy and Energy Industries		236.0		3.8			239.8
Total		419.2		3.8			423.0


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Block 5B				1.9			1.9
Block 25A				0.9			0.9
Block 25B				0.9			0.9
BPTT Blocks		419.2		0.1			419.3
Total		419.2		3.8			423.0

bp Report on Payments to Governments 2023 23

United Arab Emirates

$ million

GOVERNMENTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

Abu Dhabi National Oil Company

6.0

Department of Finance Abu Dhabi

4,913.3

Total

4,913.3

6.0

4,919.2

PROJECTS

Production entitlements

Taxes

Royalties

Fees

Bonuses

Infrastructure improvements

Total

ADCO Concession (Onshore)

4,913.3

6.0

4,919.2

Total

4,913.3

6.0

4,919.2

bp Report on Payments to Governments 2023 24

United Kingdom

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
HM Revenue and Customs(a)(b)		1,822.1					1,822.1
Oil and Gas Authority				7.7			7.7
The Crown Estate				0.3			0.3
Total		1,822.1		8.0			1,830.1


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Andrew				0.4			0.4
Clair				0.4			0.4
Decommissioning(a)		(77.3)		0.2			(77.1)
ETAP				0.7			0.7
Exploration				2.0			2.0
Foinaven				2.1			2.1
Murlach				0.2			0.2
Non-Operated(a)		(3.5)		0.4			(3.0)
Pipelines				0.3			0.3
Schiehallion				1.3			1.3
Payments not attributable to projects (b)		1,902.8					1,902.8
Total		1,822.1		8.0			1,830.1


(a)			Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years.
(b)			Settlement of tax which include interest over/under payments.

bp Report on Payments to Governments 2023 25

United States

$ million


GOVERNMENTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Office of Natural Revenue			1.0				1.0
Office of Natural Revenue/Department Interior			1,031.1	12.6	50.6		1,094.3
State of Alaska(a)		(67.6)					(67.6)
State of California(b)			0.1				0.1
State of Colorado		0.2					0.2
State of Delaware(b)			1.9				1.9
State of Louisiana(b)		49.5	8.0	0.2			57.7
State of Texas(b)		120.6	102.9	1.3			224.8
West Virginia		1.3					1.3
Total		104.1	1,145.0	14.1	50.6		1,313.8


PROJECTS	Production entitlements	Taxes	Royalties	Fees	Bonuses	Infrastructure improvements	Total
Alaska		(67.6)					(67.6)
California			0.1				0.1
Colorado		0.2					0.2
Delaware			1.9				1.9
Gulf of Mexico - Central			983.1	12.2	50.6		1,045.9
Gulf of Mexico - Western			48.0	0.4			48.4
Louisiana		49.5	8.0	0.2			57.7
Texas		120.6	102.9	1.3			224.8
West Virginia		1.3					1.3
Payments not attributable to projects			1.0				1.0
Total		104.1	1,145.0	14.1	50.6		1,313.8


(a)			Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years.
(b)			Payments to states where bp has no extractive activities relate to Escheatment of Royalties.

bp Report on Payments to Governments 2023 26

Other resources

bp payments to governments 2023

Detailed data filed with UK Registrar
extractives.companieshouse.gov.uk

bp annual and sustainability reporting

bp Annual Report and Form 20-F 2023

bp.com/annualreport

bp Sustainability Report 2023
bp.com/sustainability

bp Tax Report 2023
bp.com/tax

bp economic impact reports

bp US Economic Impact Report
bp.com/economicimpact-us

bp UK Economic Impact Report
bp.com/economicimpact-uk

bp EU Economic Impact Report

bp-european-economic-impact-report-2023.pdf

Contacts


	London	Houston

Press Office	David Nicholas	Paul Takahashi
	+44 (0) 7831 095541	+1 713 903 9729

bp Report on Payments to Governments 2023 27

Payment

Amount

Type

Country

Government

Extraction Method

Resource

Project

In kind Y/N

In Kind

10.5

Taxes

Algeria

Sonatrach

Well

Gas

In Amenas

10.8

Taxes

Algeria

Sonatrach

Well

Gas

In Salah

9.2

Taxes

Algeria

Treasury and Accounting

Management (of the State's

Financial Operations)

Well

Gas

BP Exploration Operating

2.1

Taxes

Angola

Ministry of Finance

Well

Crude Oil

0.1

Taxes

Argentina

Administracion Federal de Ingresos Publicos

Well

Crude Oil

582.8

Taxes

Australia

Australian Taxation Office

Well

Crude Oil

North West Shelf

8.6

Fees

Australia

Australian Taxation Office

Well

Crude Oil

North West Shelf

119.0

Royalties

Australia

Department of Mines, Industry Regulation and Safety

Well

Crude Oil

North West Shelf

2.2

Fees

Australia

Department of Mines, Industry Regulation and Safety

Well

Crude Oil

North West Shelf

0.9

Fees

Australia

Department of Finance

Well

Crude Oil

North West Shelf

1,067.3

Production entitlements

Azerbaijan

Azerbaijan (ACG) Ltd. (SOCAR subsidiary)

Well

Crude Oil

Azeri-Chirag-Deepwater Gunashli – PSA

Yes

Payments in kind for 12.9 million barrels of crude oil valued at netback value per the production sharing agreement.

356.6

Production entitlements

Azerbaijan

Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary)

Well

Crude Oil

Shah Deniz - PSA

74.8

Production entitlements

Azerbaijan

Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary)

Well

Crude Oil

Shah Deniz - PSA

Yes

Payments in kind of $74.8 million for 1.0 million barrels of crude oil valued at netback value per the production sharing agreement.

103.6

Taxes

Azerbaijan

Ministry of Taxes

Well

Crude Oil

Azeri-Chirag-Deepwater Gunashli – PSA

779.9

Taxes

Azerbaijan

Ministry of Taxes

Well

Crude Oil

Shah Deniz - PSA

bp Report on Payments to Governments 2023 28

1,036.6

Production entitlements

Azerbaijan

SGC Upstream LLC

Well

Crude Oil

Shah Deniz - PSA

358.4

Production entitlements

Azerbaijan

SGC Upstream LLC

Well

Crude Oil

Shah Deniz - PSA

Yes

Payments in kind of $358.4 million for 4.5 million barrels of crude oil valued at netback value per the production sharing agreement.

184.7

Production entitlements

Azerbaijan

State Oil Company of Azerbaijan Republic (SOCAR)

Well

Gas

Azeri-Chirag-Deepwater Gunashli – PSA

Yes

Payments in kind for 2.0 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project.

2,057.9

Production entitlements

Azerbaijan

State Oil Fund of Azerbaijan (SOFAZ)

Well

Crude Oil

Shah Deniz - PSA

6,866.7

Production entitlements

Azerbaijan

State Oil Fund of Azerbaijan (SOFAZ)

Well

Crude Oil

Azeri-Chirag-Deepwater Gunashli – PSA

Yes

Payments in kind of $6,866.7 million for 83.3 million barrels of crude oil valued at netback value per the production sharing agreement.

642.5

Production entitlements

Azerbaijan

State Oil Fund of Azerbaijan (SOFAZ)

Well

Crude Oil

Shah Deniz - PSA

Yes

Payments in kind of $642.5 million for 8.2 million barrels of crude oil valued at netback value per the production sharing agreement.

2.1

Fees

Azerbaijan

State Oil Fund of Azerbaijan (SOFAZ)

Well

Crude Oil

Shafag-Asiman – PSA

450.0

Bonuses

Azerbaijan

State Oil Fund of Azerbaijan (SOFAZ)

Well

Crude Oil

Azeri-Chirag-Deepwater Gunashli – PSA

0.4

Fees

Brazil

Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP)

Well

Crude Oil

CM-755

0.4

Fees

Brazil

Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP)

Well

Crude Oil

CM-793

0.2

Fees

Brazil

Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP)

Well

Crude Oil

S-M-1500

bp Report on Payments to Governments 2023 29

1.7

Bonuses

Brazil

Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP)

Well

Crude Oil

Bumerangue

0.3

Fees

Brazil

Petrobras

Well

Crude Oil

CM-477

(2.5)

Taxes

Brazil

Secretaria da Receita Federal

Well

Crude Oil

0.5

Fees

Canada

Canada Newfoundland and Labrador Offshore Petroleum Board

Well

Crude Oil

Newfoundland Exploration

0.5

Fees

Canada

Government of The Province of Alberta

Well

Crude Oil

Terre De Grace

0.4

Fees

Canada

Natural Resources Canada

Well

Crude Oil

Newfoundland Exploration

2.7

Fees

Egypt

Egyptian General Petroleum

Well

Crude Oil

West Nile Delta

12.0

Bonuses

Egypt

Egyptian General Petroleum

Well

Crude Oil

West Nile Delta

0.8

Bonuses

Egypt

Egyptian General Petroleum

Well

Crude Oil

El Qaraa

48.7

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

Baltim

18.8

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

El Qaraa

172.2

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

North Damietta

19.7

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

North El Hammad

20.5

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

Ras El Bar

14.6

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

Temsah

0.2

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

UGDC

29.0

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

West Mediterranean

65.4

Taxes

Egypt

Egyptian Tax Authority

Well

Crude Oil

Zohr

16.0

Production entitlements

India

Ministry of Petroleum and Natural Gas

Well

Gas

KG D6 KG-DWN-98/3

bp Report on Payments to Governments 2023 30

329.6

Production entitlements

Indonesia

Ministry of Finance

Well

LNG

Tangguh

81.0

Production entitlements

Indonesia

Ministry of Finance

Well

LNG

Tangguh

Yes

Payments in kind of $81.0 million for 12.0 million barrels of condensate valued per the production sharing agreement.

280.9

Taxes

Indonesia

Ministry of Finance

Well

LNG

Tangguh

0.1

Fees

Indonesia

SKKMIGAS

Well

LNG

Tangguh

53.7

Taxes

Iraq

General Commission for Taxes

Well

Crude Oil

Rumaila

1.7

Bonuses

Israel

Ministry of Energy and Infrastructure

Well

Crude Oil

Licences in Zone I

0.3

Fees

Mauritania

Ministry of Petroleum, Energy and Mines

Well

Crude Oil

Bir Allah

0.4

Fees

Mauritania

Société Mauritanienne des Hydrocarbures

Well

Crude Oil

Bir Allah

0.7

Fees

Mauritania

Ministry of Petroleum, Energy and Mines

Well

Crude Oil

Block C8

0.1

Infrastructure improvements

Mauritania

Ministry of Petroleum, Energy and Mines

Well

Crude Oil

32.8

Fees

Mexico

Fondo Mexicano del Petróleo

Well

Crude Oil

Cuencas del Sureste 34 R3

44.8

Fees

Mexico

Fondo Mexicano del Petróleo

Well

Crude Oil

Cuenca Salina 1 R1

0.2

Taxes

Mexico

Sistema de administración Tributaria

Well

Crude Oil

Cuenca Salina 1 R1

563.2

Production entitlements

Oman

Makarim Gas Development

Well

Gas

Khazzan

Yes

Payments in kind of $225.5 million for 2.7 million barrels of condensates valued at market prices, $337.8 million for 97.2 million mmBtu of gas valued per the Gas Sales Agreement

0.8

Production entitlements

Oman

Makarim Gas Development

Well

Gas

Khazzan

1,747.5

Production entitlements

Oman

Ministry of Energy and Minerals

Well

Gas

Khazzan

Yes

Payments in kind of $915.6 million for 11.1 million barrels of condensates valued at market prices, $831.9 million for 95.8 million mmBtu of gas valued per the Gas Sales Agreement

bp Report on Payments to Governments 2023 31

3.0

Production entitlements

Oman

Ministry of Energy and Minerals

Well

Gas

Khazzan

0.4

Fees

Oman

Ministry of Energy and Minerals

Well

Gas

Khazzan

1.4

Fees

Oman

Ministry of Labour

Well

Gas

Khazzan

911.9

Taxes

Oman

Oman Tax Authority

Well

Gas

Khazzan

0.4

Fees

Senegal

Société des pétroles du Sénégal

Well

Crude Oil

Block Cayar Profond

0.3

Fees

Senegal

Société des pétroles du Sénégal

Well

Crude Oil

Block St Louis Profond

183.2

Taxes

Trinidad and Tobago

Board of Inland Revenue

Well

LNG

BPTT Blocks

236.0

Taxes

Trinidad and Tobago

Ministry of Energy and Energy Industries

Well

LNG

BPTT Blocks

1.9

Fees

Trinidad and Tobago

Ministry of Energy and Energy Industries

Well

LNG

Block 5B

0.9

Fees

Trinidad and Tobago

Ministry of Energy and Energy Industries

Well

LNG

Block 25A

0.9

Fees

Trinidad and Tobago

Ministry of Energy and Energy Industries

Well

LNG

Block 25B

0.1

Fees

Trinidad and Tobago

Ministry of Energy and Energy Industries

Well

LNG

BPTT Blocks

6.0

Fees

United Arab Emirates

Abu Dhabi National Oil Company

Well

Crude Oil

ADCO Concession (Onshore)

4,913.3

Taxes

United Arab Emirates

Department of Finance Abu Dhabi

Well

Crude Oil

ADCO Concession (Onshore)

(77.3)

Taxes

United Kingdom

HM Revenue and Customs

Well

Crude Oil

Decommissioning

(3.5)

Taxes

United Kingdom

HM Revenue and Customs

Well

Crude Oil

Non-Operated

1,902.8

Taxes

United Kingdom

HM Revenue and Customs

Well

Crude Oil

0.4

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Andrew

0.4

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Clair

0.2

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Decommissioning

bp Report on Payments to Governments 2023 32

0.7

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

ETAP

2.0

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Exploration

2.1

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Foinaven

0.2

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Murlach

0.4

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Non-Operated

1.3

Fees

United Kingdom

Oil and Gas Authority

Well

Crude Oil

Schiehallion

0.3

Fees

United Kingdom

The Crown Estate

Well

Crude Oil

Pipelines

1.0

Royalties

United States

Office of Natural Revenue

Well

Crude Oil

983.1

Royalties

United States

Office of Natural Revenue/Department Interior

Well

Crude Oil

Gulf of Mexico - Central

48.0

Royalties

United States

Office of Natural Revenue/Department Interior

Well

Crude Oil

Gulf of Mexico - Western

12.2

Fees

United States

Office of Natural Revenue/Department Interior

Well

Crude Oil

Gulf of Mexico - Central

0.4

Fees

United States

Office of Natural Revenue/Department Interior

Well

Crude Oil

Gulf of Mexico - Western

50.6

Bonuses

United States

Office of Natural Revenue/Department Interior

Well

Crude Oil

Gulf of Mexico - Central

(67.6)

Taxes

United States

State of Alaska

Well

Crude Oil

Alaska

0.1

Royalties

United States

State of California

Well

Crude Oil

California

0.2

Taxes

United States

State of Colorado

Well

Crude Oil

Colorado

1.9

Royalties

United States

State of Delaware

Well

Crude Oil

Delaware

49.5

Taxes

United States

State of Louisiana

Well

Crude Oil

Louisiana

100

8.0

Royalties

United States

State of Louisiana

Well

Crude Oil

Louisiana

101

0.2

Fees

United States

State of Louisiana

Well

Crude Oil

Louisiana

102

120.6

Taxes

United States

State of Texas

Well

Crude Oil

Texas

103

102.9

Royalties

United States

State of Texas

Well

Crude Oil

Texas

bp Report on Payments to Governments 2023 33

104

1.3

Fees

United States

State of Texas

Well

Crude Oil

Texas

105

1.3

Taxes

United States

State of West Virginia

Well

Crude Oil

West Virginia

bp Report on Payments to Governments 2023 34

Document Information	12 Months Ended
Document Information	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0000313807
Registrant Name	BP p.l.c.
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($)	Taxes	Royalties	Fees	Prod. Entitlements	Bonuses	Infrastructure	Total Payments
Total	$ 10,391,000,000	$ 1,264,000,000	$ 132,600,000	$ 15,386,700,000	$ 516,700,000	$ 100,000	$ 27,691,300,000

Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Royalties	Fees	Prod. Entitlements	Bonuses	Infrastructure	Total Payments
Total	$ 10,391,000,000	$ 1,264,000,000	$ 132,600,000	$ 15,386,700,000	$ 516,700,000	$ 100,000	$ 27,691,300,000
BP Exploration Operating [Member]
Total	9,200,000						9,200,000
In Amenas [Member]
Total	10,500,000						10,500,000
In Salah [Member]
Total	10,800,000						10,800,000
North West Shelf [Member]
Total	582,800,000	119,000,000	11,700,000				713,600,000
Azeri-Chirag-Deepwater Gunashli – PSA [Member]
Total	103,600,000			8,118,800,000	450,000,000		8,672,400,000
Shafag-Asiman – PSA [Member]
Total			2,100,000				2,100,000
Shah Deniz - PSA [Member]
Total	779,900,000			4,526,800,000			5,306,700,000
Bumerangue [Member]
Total					1,700,000		1,700,000
CM-477 [Member]
Total			300,000				300,000
CM-755 [Member]
Total			400,000				400,000
CM-793 [Member]
Total			400,000				400,000
S-M-1500 [Member]
Total			200,000				200,000
Newfoundland Exploration [Member]
Total			900,000				900,000
Terre de Grace [Member]
Total			500,000				500,000
Baltim [Member]
Total	48,700,000						48,700,000
El Qaraa [Member]
Total	18,800,000				800,000		19,600,000
North Damietta [Member]
Total	172,200,000						172,200,000
North El Hammad [Member]
Total	19,700,000						19,700,000
Ras El Bar [Member]
Total	20,500,000						20,500,000
Temsah [Member]
Total	14,600,000						14,600,000
UGDC [Member]
Total	200,000						200,000
West Mediterranean [Member]
Total	29,000,000						29,000,000
West Nile Delta [Member]
Total			2,700,000		12,000,000		14,600,000
Zohr [Member]
Total	65,400,000						65,400,000
KG D6 KG-DWN-98/3 [Member]
Total				16,000,000			16,000,000
Tangguh [Member]
Total	280,900,000		100,000	410,600,000			691,600,000
Rumaila [Member]
Total	53,700,000						53,700,000
Licences in Zone I [Member]
Total					1,700,000		1,700,000
Bir Allah [Member]
Total			700,000				700,000
Block C8 [Member]
Total			700,000				700,000
Cuencas del Sureste 34 R3 [Member]
Total			32,800,000				32,800,000
Cuenca Salina 1 R1 [Member]
Total	200,000		44,800,000				45,100,000
Khazzan [Member]
Total	911,900,000		1,800,000	$ 2,314,500,000			3,228,300,000
Block Cayar Profond [Member]
Total			400,000				400,000
Block St Louis Profond [Member]
Total			300,000				300,000
Block 5B [Member]
Total			1,900,000				1,900,000
Block 25A [Member]
Total			900,000				900,000
Block 25B [Member]
Total			900,000				900,000
BPTT Blocks [Member]
Total	419,200,000		100,000				419,300,000
ADCO Concession (Onshore) [Member]
Total	4,913,300,000		6,000,000				4,919,200,000
Andrew [Member]
Total			400,000				400,000
Clair [Member]
Total			400,000				400,000
Decommissioning [Member]
Total	(77,300,000)		200,000				(77,100,000)
ETAP [Member]
Total			700,000				700,000
Exploration [Member]
Total			2,000,000				2,000,000
Foinaven [Member]
Total			2,100,000				2,100,000
Murlach [Member]
Total			200,000				200,000
Non-Operated [Member]
Total	(3,500,000)		400,000				(3,000,000)
Pipelines [Member]
Total			300,000				300,000
Schiehallion [Member]
Total			1,300,000				1,300,000
Alaska [Member]
Total	(67,600,000)						(67,600,000)
California [Member]
Total		100,000					100,000
Colorado [Member]
Total	200,000						200,000
Delaware [Member]
Total		1,900,000					1,900,000
Gulf of Mexico - Central [Member]
Total		983,100,000	12,200,000		$ 50,600,000		1,045,900,000
Gulf of Mexico - Western [Member]
Total		48,000,000	400,000				48,400,000
Louisiana [Member]
Total	49,500,000	8,000,000	200,000				57,700,000
Texas [Member]
Total	120,600,000	$ 102,900,000	$ 1,300,000				224,800,000
West Virginia [Member]
Total	$ 1,300,000						$ 1,300,000

Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Royalties	Fees	Prod. Entitlements	Bonuses	Infrastructure	Total Payments
Total	$ 10,391,000,000	$ 1,264,000,000	$ 132,600,000	$ 15,386,700,000	$ 516,700,000	$ 100,000	$ 27,691,300,000
ALGERIA
Total	30,400,000						30,400,000
ALGERIA \| Sonatrach [Member]
Total	21,300,000						21,300,000
ALGERIA \| Treasury and Accounting Management (of the State's Financial Operations) [Member]
Total	9,200,000						9,200,000
ANGOLA
Total	2,100,000						2,100,000
ANGOLA \| Ministry of Finance [Member]
Total	2,100,000						2,100,000
ARGENTINA
Total	100,000						100,000
ARGENTINA \| Administracion Federal de Ingresos Publicos [Member]
Total	100,000						100,000
AUSTRALIA
Total	582,800,000	119,000,000	11,700,000				713,600,000
AUSTRALIA \| Australian Taxation Office [Member]
Total	582,800,000		8,600,000				591,400,000
AUSTRALIA \| Department of Mines, Industry Regulation and Safety [Member]
Total		119,000,000	2,200,000				121,300,000
AUSTRALIA \| Department of Finance [Member]
Total			900,000				900,000
AZERBAIJAN
Total	883,500,000		2,100,000	12,645,600,000	450,000,000		13,981,200,000
AZERBAIJAN \| Azerbaijan (ACG) Ltd. (SOCAR subsidiary) [Member]
Total				1,067,300,000			1,067,300,000
AZERBAIJAN \| Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary) [Member]
Total				431,300,000			431,300,000
AZERBAIJAN \| Ministry of Taxes [Member]
Total	883,500,000						883,500,000
AZERBAIJAN \| SGC Upstream LLC [Member]
Total				1,395,100,000			1,395,100,000
AZERBAIJAN \| State Oil Company of Azerbaijan Republic (SOCAR) [Member]
Total				184,700,000			184,700,000
AZERBAIJAN \| State Oil Fund of Azerbaijan (SOFAZ) [Member]
Total			2,100,000	9,567,100,000	450,000,000		10,019,300,000
BRAZIL
Total	(2,500,000)		1,200,000		1,700,000		400,000
BRAZIL \| Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) [Member]
Total			900,000		1,700,000		2,600,000
BRAZIL \| Petrobras [Member]
Total			300,000				300,000
BRAZIL \| Secretaria da Receita Federal [Member]
Total	(2,500,000)						(2,500,000)
CANADA
Total			1,400,000				1,400,000
CANADA \| Canada Newfoundland and Labrador Offshore Petroleum Board [Member]
Total			500,000				500,000
CANADA \| Government of The Province of Alberta [Member]
Total			500,000				500,000
CANADA \| Natural Resources Canada [Member]
Total			400,000				400,000
EGYPT
Total	389,200,000		2,700,000		12,700,000		404,600,000
EGYPT \| Egyptian General Petroleum [Member]
Total			2,700,000		12,700,000		15,400,000
EGYPT \| Egyptian Tax Authority [Member]
Total	389,200,000						389,200,000
INDIA
Total				16,000,000			16,000,000
INDIA \| Ministry of Petroleum and Natural Gas [Member]
Total				16,000,000			16,000,000
INDONESIA
Total	280,900,000		100,000	410,600,000			691,600,000
INDONESIA \| Ministry of Finance [Member]
Total	280,900,000			410,600,000			691,500,000
INDONESIA \| SKKMIGAS [Member]
Total			100,000				100,000
IRAQ
Total	53,700,000						53,700,000
IRAQ \| General Commission for Taxes [Member]
Total	53,700,000						53,700,000
ISRAEL
Total					1,700,000		1,700,000
ISRAEL \| Ministry of Energy and Infrastructure [Member]
Total					1,700,000		1,700,000
MAURITANIA
Total			1,300,000			100,000	1,500,000
MAURITANIA \| Ministry of Petroleum, Energy and Mines [Member]
Total			1,000,000			$ 100,000	1,100,000
MAURITANIA \| Société Mauritanienne des Hydrocarbures [Member]
Total			400,000				400,000
MEXICO
Total	200,000		77,700,000				77,900,000
MEXICO \| Fondo Mexicano del Petróleo [Member]
Total			77,700,000				77,700,000
MEXICO \| Sistema de administración Tributaria [Member]
Total	200,000						200,000
OMAN
Total	911,900,000		1,800,000	2,314,500,000			3,228,300,000
OMAN \| Makarim Gas Development [Member]
Total				564,100,000			564,100,000
OMAN \| Ministry of Energy and Minerals [Member]
Total			400,000	$ 1,750,500,000			1,750,900,000
OMAN \| Ministry of Labour [Member]
Total			1,400,000				1,400,000
OMAN \| Oman Tax Authority [Member]
Total	911,900,000						911,900,000
SENEGAL
Total			700,000				700,000
SENEGAL \| Société des pétroles du Sénégal [Member]
Total			700,000				700,000
TRINIDAD AND TOBAGO
Total	419,200,000		3,800,000				423,000,000
TRINIDAD AND TOBAGO \| Board of Inland Revenue [Member]
Total	183,200,000						183,200,000
TRINIDAD AND TOBAGO \| Ministry of Energy and Energy Industries [Member]
Total	236,000,000		3,800,000				239,800,000
UNITED ARAB EMIRATES
Total	4,913,300,000		6,000,000				4,919,200,000
UNITED ARAB EMIRATES \| Abu Dhabi National Oil Company [Member]
Total			6,000,000				6,000,000
UNITED ARAB EMIRATES \| Department of Finance Abu Dhabi [Member]
Total	4,913,300,000						4,913,300,000
UNITED KINGDOM
Total	1,822,100,000		8,000,000				1,830,100,000
UNITED KINGDOM \| HM Revenue and Customs [Member]
Total	1,822,100,000						1,822,100,000
UNITED KINGDOM \| Oil and Gas Authority [Member]
Total			7,700,000				7,700,000
UNITED KINGDOM \| The Crown Estate [Member]
Total			300,000				300,000
UNITED STATES
Total	104,100,000	1,145,000,000	14,100,000		50,600,000		1,313,800,000
UNITED STATES \| Office of Natural Revenue [Member]
Total		1,000,000					1,000,000
UNITED STATES \| Office of Natural Revenue/Department Interior [Member]
Total		1,031,100,000	12,600,000		$ 50,600,000		1,094,300,000
UNITED STATES \| State of Alaska [Member]
Total	(67,600,000)						(67,600,000)
UNITED STATES \| State of California [Member]
Total		100,000					100,000
UNITED STATES \| State of Colorado [Member]
Total	200,000						200,000
UNITED STATES \| State of Delaware [Member]
Total		1,900,000					1,900,000
UNITED STATES \| State of Louisiana [Member]
Total	49,500,000	8,000,000	200,000				57,700,000
UNITED STATES \| State of Texas [Member]
Total	120,600,000	$ 102,900,000	$ 1,300,000				224,800,000
UNITED STATES \| State of West Virginia [Member]
Total	$ 1,300,000						$ 1,300,000

Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)	Amount	Type	Country	Govt.	Project	Resource	Ext. Method	In-kind	In-kind Calc.
#: 1
	$ 10,500,000	Taxes	ALGERIA	Sonatrach [Member]	In Amenas [Member]	Gas [Member]	Well
#: 2
	10,800,000	Taxes	ALGERIA	Sonatrach [Member]	In Salah [Member]	Gas [Member]	Well
#: 3
	9,200,000	Taxes	ALGERIA	Treasury and Accounting Management (of the State's Financial Operations) [Member]	BP Exploration Operating [Member]	Gas [Member]	Well
#: 4
	2,100,000	Taxes	ANGOLA	Ministry of Finance [Member]		Crude Oil [Member]	Well
#: 5
	100,000	Taxes	ARGENTINA	Administracion Federal de Ingresos Publicos [Member]		Crude Oil [Member]	Well
#: 6
	582,800,000	Taxes	AUSTRALIA	Australian Taxation Office [Member]	North West Shelf [Member]	Crude Oil [Member]	Well
#: 7
	8,600,000	Fees	AUSTRALIA	Australian Taxation Office [Member]	North West Shelf [Member]	Crude Oil [Member]	Well
#: 8
	119,000,000	Royalties	AUSTRALIA	Department of Mines, Industry Regulation and Safety [Member]	North West Shelf [Member]	Crude Oil [Member]	Well
#: 9
	2,200,000	Fees	AUSTRALIA	Department of Mines, Industry Regulation and Safety [Member]	North West Shelf [Member]	Crude Oil [Member]	Well
#: 10
	900,000	Fees	AUSTRALIA	Department of Finance [Member]	North West Shelf [Member]	Crude Oil [Member]	Well
#: 11
	1,067,300,000	Prod. Entitlements	AZERBAIJAN	Azerbaijan (ACG) Ltd. (SOCAR subsidiary) [Member]	Azeri-Chirag-Deepwater Gunashli – PSA [Member]	Crude Oil [Member]	Well	Yes	Payments in kind for 12.9 million barrels of crude oil valued at netback value per the production sharing agreement.
#: 12
	356,600,000	Prod. Entitlements	AZERBAIJAN	Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary) [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well
#: 13
	74,800,000	Prod. Entitlements	AZERBAIJAN	Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary) [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well	Yes	Payments in kind of $74.8 million for 1.0 million barrels of crude oil valued at netback value per the production sharing agreement.
#: 14
	103,600,000	Taxes	AZERBAIJAN	Ministry of Taxes [Member]	Azeri-Chirag-Deepwater Gunashli – PSA [Member]	Crude Oil [Member]	Well
#: 15
	779,900,000	Taxes	AZERBAIJAN	Ministry of Taxes [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well
#: 16
	1,036,600,000	Prod. Entitlements	AZERBAIJAN	SGC Upstream LLC [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well
#: 17
	358,400,000	Prod. Entitlements	AZERBAIJAN	SGC Upstream LLC [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well	Yes	Payments in kind of $358.4 million for 4.5 million barrels of crude oil valued at netback value per the production sharing agreement.
#: 18
	184,700,000	Prod. Entitlements	AZERBAIJAN	State Oil Company of Azerbaijan Republic (SOCAR) [Member]	Azeri-Chirag-Deepwater Gunashli – PSA [Member]	Gas [Member]	Well	Yes	Payments in kind for 2.0 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project.
#: 19
	2,057,900,000	Prod. Entitlements	AZERBAIJAN	State Oil Fund of Azerbaijan (SOFAZ) [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well
#: 20
	6,866,700,000	Prod. Entitlements	AZERBAIJAN	State Oil Fund of Azerbaijan (SOFAZ) [Member]	Azeri-Chirag-Deepwater Gunashli – PSA [Member]	Crude Oil [Member]	Well	Yes	Payments in kind of $6,866.7 million for 83.3 million barrels of crude oil valued at netback value per the production sharing agreement.
#: 21
	642,500,000	Prod. Entitlements	AZERBAIJAN	State Oil Fund of Azerbaijan (SOFAZ) [Member]	Shah Deniz - PSA [Member]	Crude Oil [Member]	Well	Yes	Payments in kind of $642.5 million for 8.2 million barrels of crude oil valued at netback value per the production sharing agreement.
#: 22
	2,100,000	Fees	AZERBAIJAN	State Oil Fund of Azerbaijan (SOFAZ) [Member]	Shafag-Asiman – PSA [Member]	Crude Oil [Member]	Well
#: 23
	450,000,000	Bonuses	AZERBAIJAN	State Oil Fund of Azerbaijan (SOFAZ) [Member]	Azeri-Chirag-Deepwater Gunashli – PSA [Member]	Crude Oil [Member]	Well
#: 24
	400,000	Fees	BRAZIL	Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) [Member]	CM-755 [Member]	Crude Oil [Member]	Well
#: 25
	400,000	Fees	BRAZIL	Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) [Member]	CM-793 [Member]	Crude Oil [Member]	Well
#: 26
	200,000	Fees	BRAZIL	Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) [Member]	S-M-1500 [Member]	Crude Oil [Member]	Well
#: 27
	1,700,000	Bonuses	BRAZIL	Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) [Member]	Bumerangue [Member]	Crude Oil [Member]	Well
#: 28
	300,000	Fees	BRAZIL	Petrobras [Member]	CM-477 [Member]	Crude Oil [Member]	Well
#: 29
	(2,500,000)	Taxes	BRAZIL	Secretaria da Receita Federal [Member]		Crude Oil [Member]	Well
#: 30
	500,000	Fees	CANADA	Canada Newfoundland and Labrador Offshore Petroleum Board [Member]	Newfoundland Exploration [Member]	Crude Oil [Member]	Well
#: 31
	500,000	Fees	CANADA	Government of The Province of Alberta [Member]	Terre de Grace [Member]	Crude Oil [Member]	Well
#: 32
	400,000	Fees	CANADA	Natural Resources Canada [Member]	Newfoundland Exploration [Member]	Crude Oil [Member]	Well
#: 33
	2,700,000	Fees	EGYPT	Egyptian General Petroleum [Member]	West Nile Delta [Member]	Crude Oil [Member]	Well
#: 34
	12,000,000	Bonuses	EGYPT	Egyptian General Petroleum [Member]	West Nile Delta [Member]	Crude Oil [Member]	Well
#: 35
	800,000	Bonuses	EGYPT	Egyptian General Petroleum [Member]	El Qaraa [Member]	Crude Oil [Member]	Well
#: 36
	48,700,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	Baltim [Member]	Crude Oil [Member]	Well
#: 37
	18,800,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	El Qaraa [Member]	Crude Oil [Member]	Well
#: 38
	172,200,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	North Damietta [Member]	Crude Oil [Member]	Well
#: 39
	19,700,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	North El Hammad [Member]	Crude Oil [Member]	Well
#: 40
	20,500,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	Ras El Bar [Member]	Crude Oil [Member]	Well
#: 41
	14,600,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	Temsah [Member]	Crude Oil [Member]	Well
#: 42
	200,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	UGDC [Member]	Crude Oil [Member]	Well
#: 43
	29,000,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	West Mediterranean [Member]	Crude Oil [Member]	Well
#: 44
	65,400,000	Taxes	EGYPT	Egyptian Tax Authority [Member]	Zohr [Member]	Crude Oil [Member]	Well
#: 45
	16,000,000	Prod. Entitlements	INDIA	Ministry of Petroleum and Natural Gas [Member]	KG D6 KG-DWN-98/3 [Member]	Gas [Member]	Well
#: 46
	329,600,000	Prod. Entitlements	INDONESIA	Ministry of Finance [Member]	Tangguh [Member]	LNG [Member]	Well
#: 47
	81,000,000	Prod. Entitlements	INDONESIA	Ministry of Finance [Member]	Tangguh [Member]	LNG [Member]	Well	Yes	Payments in kind of $81.0 million for 12.0 million barrels of condensate valued per the production sharing agreement.
#: 48
	280,900,000	Taxes	INDONESIA	Ministry of Finance [Member]	Tangguh [Member]	LNG [Member]	Well
#: 49
	100,000	Fees	INDONESIA	SKKMIGAS [Member]	Tangguh [Member]	LNG [Member]	Well
#: 50
	53,700,000	Taxes	IRAQ	General Commission for Taxes [Member]	Rumaila [Member]	Crude Oil [Member]	Well
#: 51
	1,700,000	Bonuses	ISRAEL	Ministry of Energy and Infrastructure [Member]	Licences in Zone I [Member]	Crude Oil [Member]	Well
#: 52
	300,000	Fees	MAURITANIA	Ministry of Petroleum, Energy and Mines [Member]	Bir Allah [Member]	Crude Oil [Member]	Well
#: 53
	400,000	Fees	MAURITANIA	Société Mauritanienne des Hydrocarbures [Member]	Bir Allah [Member]	Crude Oil [Member]	Well
#: 54
	700,000	Fees	MAURITANIA	Ministry of Petroleum, Energy and Mines [Member]	Block C8 [Member]	Crude Oil [Member]	Well
#: 55
	100,000	Infrastructure	MAURITANIA	Ministry of Petroleum, Energy and Mines [Member]		Crude Oil [Member]	Well
#: 56
	32,800,000	Fees	MEXICO	Fondo Mexicano del Petróleo [Member]	Cuencas del Sureste 34 R3 [Member]	Crude Oil [Member]	Well
#: 57
	44,800,000	Fees	MEXICO	Fondo Mexicano del Petróleo [Member]	Cuenca Salina 1 R1 [Member]	Crude Oil [Member]	Well
#: 58
	200,000	Taxes	MEXICO	Sistema de administración Tributaria [Member]	Cuenca Salina 1 R1 [Member]	Crude Oil [Member]	Well
#: 59
	563,200,000	Prod. Entitlements	OMAN	Makarim Gas Development [Member]	Khazzan [Member]	Gas [Member]	Well	Yes	Payments in kind of $225.5 million for 2.7 million barrels of condensates valued at market prices, $337.8 million for 97.2 million mmBtu of gas valued per the Gas Sales Agreement
#: 60
	800,000	Prod. Entitlements	OMAN	Makarim Gas Development [Member]	Khazzan [Member]	Gas [Member]	Well
#: 61
	1,747,500,000	Prod. Entitlements	OMAN	Ministry of Energy and Minerals [Member]	Khazzan [Member]	Gas [Member]	Well	Yes	Payments in kind of $915.6 million for 11.1 million barrels of condensates valued at market prices, $831.9 million for 95.8 million mmBtu of gas valued per the Gas Sales Agreement
#: 62
	3,000,000	Prod. Entitlements	OMAN	Ministry of Energy and Minerals [Member]	Khazzan [Member]	Gas [Member]	Well
#: 63
	400,000	Fees	OMAN	Ministry of Energy and Minerals [Member]	Khazzan [Member]	Gas [Member]	Well
#: 64
	1,400,000	Fees	OMAN	Ministry of Labour [Member]	Khazzan [Member]	Gas [Member]	Well
#: 65
	911,900,000	Taxes	OMAN	Oman Tax Authority [Member]	Khazzan [Member]	Gas [Member]	Well
#: 66
	400,000	Fees	SENEGAL	Société des pétroles du Sénégal [Member]	Block Cayar Profond [Member]	Crude Oil [Member]	Well
#: 67
	300,000	Fees	SENEGAL	Société des pétroles du Sénégal [Member]	Block St Louis Profond [Member]	Crude Oil [Member]	Well
#: 68
	183,200,000	Taxes	TRINIDAD AND TOBAGO	Board of Inland Revenue [Member]	BPTT Blocks [Member]	LNG [Member]	Well
#: 69
	236,000,000	Taxes	TRINIDAD AND TOBAGO	Ministry of Energy and Energy Industries [Member]	BPTT Blocks [Member]	LNG [Member]	Well
#: 70
	1,900,000	Fees	TRINIDAD AND TOBAGO	Ministry of Energy and Energy Industries [Member]	Block 5B [Member]	LNG [Member]	Well
#: 71
	900,000	Fees	TRINIDAD AND TOBAGO	Ministry of Energy and Energy Industries [Member]	Block 25A [Member]	LNG [Member]	Well
#: 72
	900,000	Fees	TRINIDAD AND TOBAGO	Ministry of Energy and Energy Industries [Member]	Block 25B [Member]	LNG [Member]	Well
#: 73
	100,000	Fees	TRINIDAD AND TOBAGO	Ministry of Energy and Energy Industries [Member]	BPTT Blocks [Member]	LNG [Member]	Well
#: 74
	6,000,000	Fees	UNITED ARAB EMIRATES	Abu Dhabi National Oil Company [Member]	ADCO Concession (Onshore) [Member]	Crude Oil [Member]	Well
#: 75
	4,913,300,000	Taxes	UNITED ARAB EMIRATES	Department of Finance Abu Dhabi [Member]	ADCO Concession (Onshore) [Member]	Crude Oil [Member]	Well
#: 76
	(77,300,000)	Taxes	UNITED KINGDOM	HM Revenue and Customs [Member]	Decommissioning [Member]	Crude Oil [Member]	Well
#: 77
	(3,500,000)	Taxes	UNITED KINGDOM	HM Revenue and Customs [Member]	Non-Operated [Member]	Crude Oil [Member]	Well
#: 78
	1,902,800,000	Taxes	UNITED KINGDOM	HM Revenue and Customs [Member]		Crude Oil [Member]	Well
#: 79
	400,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Andrew [Member]	Crude Oil [Member]	Well
#: 80
	400,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Clair [Member]	Crude Oil [Member]	Well
#: 81
	200,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Decommissioning [Member]	Crude Oil [Member]	Well
#: 82
	700,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	ETAP [Member]	Crude Oil [Member]	Well
#: 83
	2,000,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Exploration [Member]	Crude Oil [Member]	Well
#: 84
	2,100,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Foinaven [Member]	Crude Oil [Member]	Well
#: 85
	200,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Murlach [Member]	Crude Oil [Member]	Well
#: 86
	400,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Non-Operated [Member]	Crude Oil [Member]	Well
#: 87
	1,300,000	Fees	UNITED KINGDOM	Oil and Gas Authority [Member]	Schiehallion [Member]	Crude Oil [Member]	Well
#: 88
	300,000	Fees	UNITED KINGDOM	The Crown Estate [Member]	Pipelines [Member]	Crude Oil [Member]	Well
#: 89
	1,000,000	Royalties	UNITED STATES	Office of Natural Revenue [Member]		Crude Oil [Member]	Well
#: 90
	983,100,000	Royalties	UNITED STATES	Office of Natural Revenue/Department Interior [Member]	Gulf of Mexico - Central [Member]	Crude Oil [Member]	Well
#: 91
	48,000,000	Royalties	UNITED STATES	Office of Natural Revenue/Department Interior [Member]	Gulf of Mexico - Western [Member]	Crude Oil [Member]	Well
#: 92
	12,200,000	Fees	UNITED STATES	Office of Natural Revenue/Department Interior [Member]	Gulf of Mexico - Central [Member]	Crude Oil [Member]	Well
#: 93
	400,000	Fees	UNITED STATES	Office of Natural Revenue/Department Interior [Member]	Gulf of Mexico - Western [Member]	Crude Oil [Member]	Well
#: 94
	50,600,000	Bonuses	UNITED STATES	Office of Natural Revenue/Department Interior [Member]	Gulf of Mexico - Central [Member]	Crude Oil [Member]	Well
#: 95
	(67,600,000)	Taxes	UNITED STATES	State of Alaska [Member]	Alaska [Member]	Crude Oil [Member]	Well
#: 96
	100,000	Royalties	UNITED STATES	State of California [Member]	California [Member]	Crude Oil [Member]	Well
#: 97
	200,000	Taxes	UNITED STATES	State of Colorado [Member]	Colorado [Member]	Crude Oil [Member]	Well
#: 98
	1,900,000	Royalties	UNITED STATES	State of Delaware [Member]	Delaware [Member]	Crude Oil [Member]	Well
#: 99
	49,500,000	Taxes	UNITED STATES	State of Louisiana [Member]	Louisiana [Member]	Crude Oil [Member]	Well
#: 100
	8,000,000	Royalties	UNITED STATES	State of Louisiana [Member]	Louisiana [Member]	Crude Oil [Member]	Well
#: 101
	200,000	Fees	UNITED STATES	State of Louisiana [Member]	Louisiana [Member]	Crude Oil [Member]	Well
#: 102
	120,600,000	Taxes	UNITED STATES	State of Texas [Member]	Texas [Member]	Crude Oil [Member]	Well
#: 103
	102,900,000	Royalties	UNITED STATES	State of Texas [Member]	Texas [Member]	Crude Oil [Member]	Well
#: 104
	1,300,000	Fees	UNITED STATES	State of Texas [Member]	Texas [Member]	Crude Oil [Member]	Well
#: 105
	$ 1,300,000	Taxes	UNITED STATES	State of West Virginia [Member]	West Virginia [Member]	Crude Oil [Member]	Well