Showing posts with label BP and Rosneft company (Rosneft) declared that that they had in agreement a strategic world alliance.. Show all posts
Showing posts with label BP and Rosneft company (Rosneft) declared that that they had in agreement a strategic world alliance.. Show all posts

Thursday, December 29, 2016

On fourteen Gregorian calendar month 2011, BP and Rosneft company (Rosneft) declared that that they had in agreement a strategic world alliance.

BP announces Fourth Quarter and Full-Year 2010 Results
Tuesday, Feb 01, 2011

    BP's fourth-quarter cost profit was $4,614 million, compared with $3,447 million a year past. For the complete year, cost loss was $4,914 million compared with a profit of $13,955 million a year past.
    The cluster statement for the fourth quarter and full year reflects a pre-tax charge of $1.0 billion and $40.9 billion severally associated with the Gulf of United Mexican States oil spill. All charges regarding the incident are treated as non-operating things. For additional data on the Gulf of United Mexican States oil spill and its consequences see pages three - five, Note a pair of on pages twenty four - twenty nine and Legal proceedings on pages thirty four - thirty eight. additional data on BP's fourth-quarter results is provided below.
    Non-operating things and truthful worth accounting effects for the fourth quarter, on a post-tax basis, had a web favourable impact of $250 million compared with a web unfavourable impact of $937 million within the fourth quarter of 2009. For the complete year, the various web unfavourable impacts were $25,436 million and $622 million. See pages vi, twenty and twenty one for additional details.
    The effective rate on cost profit or loss for the fourth quarter and full year was thirty fourth and thirty second severally, compared with thirty fourth and thirty third a year past. Excluding the impact of the Gulf of United Mexican States oil spill, the effective rate for the fourth quarter was thirty third and for the complete year was thirty first. In 2011, we have a tendency to expect the effective rate to be within the vary 32-34%.
 together with the impact of the Gulf of United Mexican States oil spill, web money utilized in operative activities for the fourth quarter was $0.2 billion and web money provided by operative activities for the complete year was $13.6 billion, compared with web money provided within the same periods of last year of $7.3 billion and $27.7 billion severally. The amounts for 2010 enclosed a web money outflow of $5.4 billion and $16.0 billion for the fourth quarter and full year severally regarding the Gulf of United Mexican States oil spill.
    On fourteen Gregorian calendar month 2011, BP and Rosneft company (Rosneft) declared that that they had in agreement a strategic world alliance. BP and Rosneft have in agreement to hunt to create a venture to explore and, if eminent, develop 3 licence blocks on the Russian Arctic seabed. BP and Rosneft have entered into a connected share swap agreement whereby, upon completion, BP can receive some nine.5% of Rosneft's shares in exchange for BP issue new common stock to Rosneft with AN combination worth of roughly $7.8 billion (as at shut of commerce in London on fourteen Gregorian calendar month 2011), leading to Rosneft holding five-hitter of BP's standard option shares. See additional data in Note vi on page thirty one, Note ten on page thirty three and in Legal proceedings on page thirty eight.
    Our 2010 rumored reserves replacement ratio(b), excluding acquisitions and disposals, was 106% (details of which is able to be provided in BP Annual Report and type 20-F 2010).
    Following a strategic review, we have a tendency to will divest the Texas town works and also the southern a part of our U.S.A. West Coast Fuels worth Chain, together with the Carson works, by the tip of 2012 subject to any or all necessary legal and restrictive approvals. BP can guarantee current obligations at Texas town ar consummated.
    BP declared the recommencement of quarterly dividend payments. The quarterly dividend to be paid on twenty eight March 2011 is seven cents per share ($0.42 per ADS). The corresponding quantity in sterling are going to be declared on fourteen March 2011. A security dividend various is out there, permitting shareholders to elect to receive their dividend within the style of new common stock and ADS holders within the style of new ADSs. Details of the security dividend programme ar offered at World Wide Web.bp.com/scrip.
    Finance prices and web finance financial gain or expense regarding pensions and alternative post-retirement advantages were $346 million for the fourth quarter, compared with $302 million for identical amount last year. For the complete year, the various amounts were $1,123 million and $1,302 million.
 money costs(c) for the fourth quarter and full year were slightly below within the same periods a year past. In 2011 we have a tendency to expect a small increase. money prices don't embrace amounts regarding the Gulf of United Mexican States oil spill.
    Total cost for the fourth quarter and full year was $5.5 billion and $23.0 billion severally. Organic capital expenditure(d) within the fourth quarter and full year was $5.2 billion and $18.2 billion severally. Organic cost for 2011 is anticipated to be around $20 billion. Disposal income were $7.4 billion for the quarter, together with $4.9 billion for deposits received regarding transactions expected to complete in subsequent  periods. For the complete year, disposal income were $17.0 billion, including $6.2 billion of deposits at thirty one Gregorian calendar month a pair of010. we have a tendency to conceive to deliver around $13 billion of additional disposal income in 2011.
    Depreciation, depletion and amortization in 2011 is anticipated to be around $0.5 billion above in 2010.
 web debt at the tip of the quarter was $25.9 billion, compared with $26.2 billion a year past. The quantitative relation of web debt to web debt and equity was twenty first compared with 2 hundredth a year past. The cluster intends to scale back information superhighway debt quantitative relation to at intervals the vary of 100% - 2 hundredth.

(a)Profit (loss) due to BP shareholders.(b)Includes each subsidiaries and equity-accounted entities.(c)Cash prices ar a set of production and producing expenses and distribution and administration expenses. They represent the substantial majority of the expenses in these line things however exclude associated non-operating things, and bound prices that ar variable, primarily with volumes (such as freight costs). they're the principal operative and overhead prices that management considers to be most directly beneath their management though they embrace bound exchange and artefact worth effects.(d)Organic cost excludes acquisitions and plus exchanges, and also the accounting for our group action with worth Creation INC. and for the acquisition of further interests within the Valhall and box fields within the North Sea.



Source: BP

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