BP
p.l.c.
----------------------
Share Repurchases
----------------------
30 July 2024
BP p.l.c. (the "Company") announces that it is to
commence two share buyback programmes to repurchase ordinary shares
in the capital of the Company.
The purpose
of the first share buyback programme is to reduce the issued share
capital of the Company.
The maximum
amount allocated to the first share buyback programme is around
$1.75 billion for a period up to and including 25 October
2024.
The purpose
of the second share buyback programme is to reduce the issued share
capital of the Company to offset dilution from the vesting of
awards under employee share schemes.
The maximum
amount allocated to the second share buyback programme is around
$0.3 billion for a period up to and including 30 September
2024.
Both share buyback programmes will
be carried out on the London Stock Exchange and/or Cboe (UK) and
will be effected within certain pre-set parameters.
Any purchases of ordinary shares by
the Company in relation to this announcement will be conducted in
accordance with the Company's general authority to repurchase
shares granted by its shareholders at the Company's 2024 Annual
General Meeting and any further approvals
to repurchase shares as may be granted by its shareholders from
time to time, the Market Abuse Regulation
596/2014 as it forms part of domestic law by virtue of section 3 of
the European Union (Withdrawal) Act 2018 (as amended) and Chapter
12 of the Listing Rules.
Further enquiries:
bp
Investor Relations
+44(0) 207 496 4000