BP EXPLORATION OPERATING COMPANY LIMITED
Get an alert when BP EXPLORATION OPERATING COMPANY LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-18 (in 9mo)
Last made up 2026-02-04
Watchouts
Cash
£1M
USD 1,703,000
-46.1% vs 2023
Net assets
£31B
USD 41,956,924,000
-37.5% vs 2023
Employees
2,924
+5.1% vs 2023
Profit before tax
£2B
USD 3,113,749,000
-71.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Energy median
BP EXPLORATION OPERATING COMPANY LIMITED·Energy median
BP EXPLORATION OPERATING COMPANY LIMITED·Energy median
BP EXPLORATION OPERATING COMPANY LIMITED·Energy median
BP EXPLORATION OPERATING COMPANY LIMITED·Energy median
BP EXPLORATION OPERATING COMPANY LIMITED·Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,730,272,109 | £1,557,142,110 | |
| Operating profit | -£1,860,818,569 | -£5,296,476,789 | |
| Profit before tax | £8,197,563,729 | £2,327,688,570 | |
| Net profit | £7,479,304,029 | £2,579,310,010 | |
| Cash | £2,360,768 | £1,273,081 | |
| Total assets less current liabilities | £53,868,339,688 | £34,476,033,490 | |
| Net assets | £50,194,113,777 | £31,364,972,714 | |
| Equity | £50,194,113,777 | £31,364,972,714 | |
| Average employees | 2,782 | 2,924 | |
| Wages | £555,002,616 | £562,363,011 | |
| Directors' remuneration | £528,519,100 | £1,647,604,097 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-10%
£1,730,272,109 £1,557,142,110
-
Cash
-46.1%
£2,360,768 £1,273,081
-
Net assets
-37.5%
£50,194,113,777 £31,364,972,714
-
Employees
+5.1%
2,782 2,924
-
Operating profit
-184.6%
-£1,860,818,569 -£5,296,476,789
-
Profit before tax
-71.6%
£8,197,563,729 £2,327,688,570
-
Wages
+1.3%
£555,002,616 £562,363,011
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -107.5% | -340.1% | |
| Net margin | 432.3% | 165.6% | |
| Return on capital employed | -3.5% | -15.4% | |
| Gearing (liabilities / total assets) | 12.8% | 18.9% | |
| Current ratio | 3.28x | 1.05x | |
| Interest cover | -1.86x | -6.67x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- BP EXPLORATION OPERATING COMPANY LIMITED 1991-04-02 → present
- BP PETROLEUM DEVELOPMENT LIMITED 1935-10-12 → 1991-04-02
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment were considered as part of the going concern assessment.”
Group structure
- BP EXPLORATION OPERATING COMPANY LIMITED · parent
- ARCO British Limited, LLC 100%
- Atlantic 2/3 UK Holdings Limited 100%
- BP (GTA Mauritania) Finance Limited 100%
- BP (GTA Senegal) Finance Limited 100%
- BP ADUA Limited 100%
- BP ADUA Operating Company Limited 100%
- BP Agung I Limited 100%
- BP Agung II Limited 100%
- BP Alternative Energy Trinidad and Tobago Limited 100%
- BP Amoco Exploration (Faroes) Limited 100%
- BP Andaman II Ltd 100%
- BP Brasil Limitada 99%
- BP Brazil Tracking L.L.C. 100%
- BP D230 Limited 100%
- BP East Kalimantan CBM Limited 100%
- BP Energy Colombia Limited 100%
- BP Energy Company of Kirkuk Limited 100%
- BP Exploration (Alpha) Limited 100%
- BP Exploration (Azerbaijan) Limited 100%
- BP Exploration (Caribbean) Limited 100%
- BP Exploration (Caspian Sea) Limited 100%
- BP Exploration (D230) Limited 100%
- BP Exploration (Delta) Limited 100%
- BP Exploration (Epsilon) Limited 100%
- BP Exploration (Shah Deniz) Limited 100%
- BP Exploration (South Atlantic) Limited 100%
- BP Exploration (STP) Limited 100%
- BP Exploration Argentina Limited 100%
- BP Exploration Beta Limited 100%
- BP Exploration China Limited 100%
- BP Exploration Indonesia Limited 100%
- BP Exploration Libya Limited 100%
- BP Exploration Mediterranean Limited 100%
- BP Exploration Mexico, S.A. de C.V. 100%
- BP Exploration North Africa Limited 100%
- BP Exploration Peru Limited 100%
- BP Holdings Iraq Ltd 100%
- BP Iran Limited 100%
- BP Iraq N.V. 100%
- BP Karabagh Limited 100%
- BP Karabagh Operating Company Limited 100%
- BP Kuwait Limited 100%
- BP Mauritania Investments Limited 100%
- BP Netherlands Upstream B.V. 100%
- BP Pipelines (TANAP) Limited 100%
- BP Pipelines TAP Limited 100%
- BP Senegal Investments Limited 100%
- BP Shafag-Asiman Limited 100%
- BP Subsea Well Response Limited 100%
- BP West Aru I Limited 100%
- BP West Aru II Limited 100%
- BP West Papua I Limited 100%
- Britoil Limited 100%
- GTA FPSO Company Ltd 100%
- Iraq Petroleum Company Limited 100%
- Wiriagar Overseas Ltd 100%
- BP Pipelines (BTC) Limited 100%
- BP Pipelines (SCP) Limited 100%
- Puls8 Ltd 100%
Significant events
- “In 2024, the directors considered and approved the incorporation and/or subscription into new subsidiaries and joint ventures, including BP Exploration (Delta) NewCo Limited, Arcius Energy Egypt Limited, BP ADUA Limited, BP ADUA Operating Company Limited, BP Energy Company of Kirkuk Limited, an incorporated joint venture to hold and develop the Ruwais Liquefied Natural Gas facility, and joint venture arrangements with Net Zero Teesside Power Limited.”
- “In December 2024, the company underwent a share capital reduction to reduce the capital from $42,089,650,267 to $22,089,650,267 by cancelling and extinguishing 20,000,000,000 ordinary shares of USD $1.00 each allotted to the parent company.”
- “In December 2024, the Board approved $28,600 million of dividend.”
- “On 2 September 2024, the company sold 1,165,000,000 ordinary shares of $1 each in BP Gas Marketing Limited to BP International Limited for a total consideration of $11,001 million.”
- “On 13 March 2025, the company issued a performance guarantee on BP Energy Company of Kirkuk Limited in amount of $880 million.”
- “On 26 March 2025, the company subscribed for 193,227,364 shares each of AED 1 in ADNOC (Abu Dhabi National Oil Company) Ruwais Liquified Natural Gas L.L.C - S.P.C project company as part of the Ruwais Natural Liquified Natural Gas project for an aggregate nominal value of AED 193,227,364 being a 10% shareholding.”
- “On 11 April 2025, it was proposed that the company makes an equity injection into BP Brazil Tracking LLC by applying for an amount not to exceed US $270million worth of member interests in the entity in tranches throughout 2025.”
- “On 17 April 2025, the company subscribed for 1 ordinary share at a nominal value of $1 in the newly incorporated subsidiary, BP Gaea Limited.”
- “On 17 April 2025, the company subscribed for 1 ordinary share at a nominal value of $1 in the newly incorporated subsidiary, BP Gaea II Limited.”
- “On 24 April 2025 the company subscribed to 6,000,000 ordinary shares of $1 each in BP Karabagh Limited for cash consideration of $6,000,000.”
- “On 24 April 2025 the company subscribed to 1,000,000 ordinary shares of $1 each in BP ADUA Limited for cash consideration of $1,000,000.”
- “On 18 May 2025, the company subscribed to 9,866 ordinary shares of $1 each for a total subscription price of $76,404,421 and 9 ordinary shares of $1.00 each in the share capital of BP Energy Company of Kirkuk Limited.”
- “On 26 June 2025, Arcius Energy Limited cancelled and extinguished 400,000,000 ordinary shares with a nominal value of $1.00 each in the share capital.”
- “On 21 August 2025, the company approved an equity injection into BP Brasil Limitada (BPB) of up to USD 6,000,000 worth of ordinary shares (quotas) of BRL 1.00 each in the capital of BPB to be allotted to the company in tranches.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 91 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2025-10-27 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2010-07-01 | — | — |
| EATON, Richard James | Director | 2025-04-09 | Dec 1972 | British |
| KINGHAM, Louise Anne | Director | 2021-09-23 | Apr 1971 | British |
| REITER, Doris Friederike | Director | 2019-01-23 | Mar 1970 | Austrian,American |
Show 91 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2006-02-01 | 2010-06-30 |
| CUMMING, Robert Cameron | Secretary | 2001-06-01 | 2002-03-31 |
| DEBRIER, Donald Paul | Secretary | — | 1993-05-31 |
| ELVIDGE, Janet | Secretary | 2004-08-01 | 2006-02-01 |
| ENG, Christopher Kuangcheng Gerald | Secretary | 2009-03-23 | 2010-06-30 |
| MORRIS, Robin Dale | Secretary | 1993-05-31 | 2001-05-31 |
| TOOLEY, Roy Leslie | Secretary | 2002-02-11 | 2004-08-01 |
| ALEXANDER, Ralph Charles | Director | 1999-09-20 | 2002-06-01 |
| ALLEN, David Christopher, Dr | Director | 1995-10-01 | 1999-02-28 |
| ARMSTRONG, William Ellis | Director | 2001-09-01 | 2006-07-03 |
| AUCHINCLOSS, Murray Michael | Director | 2008-09-03 | 2010-04-21 |
| BACKHOUSE, Peter George | Director | — | 1995-08-31 |
| BAMFORD, Samuel Arnold David | Director | 1997-09-01 | 1998-10-12 |
| BARTLETT, John Harold, Mr. | Director | 2003-05-01 | 2017-12-31 |
| BIRRELL, Gordon Young | Director | 2005-01-24 | 2006-09-01 |
| BLACKWOOD, David John | Director | 2003-10-01 | 2008-12-31 |
| BLY, Mark Robert | Director | 2001-09-01 | 2003-02-03 |
| BOURNE, Gregory David | Director | 1995-01-01 | 1997-08-31 |
| BRAMLEY, Thomas John | Director | — | 1995-12-31 |
| BROWN JR, Donnie Willie | Director | 2025-08-07 | 2026-04-15 |
| BROWNE, Edmund John Phillip, Lord | Director | — | 1995-09-30 |
| BURTON, Jennie Sheryl | Director | 2021-03-05 | 2025-02-07 |
| BUTLER, Katharine Anne Helen | Director | 2021-02-23 | 2025-11-30 |
| CAMPBELL, David Sydney Macdonald | Director | 2008-09-03 | 2009-08-01 |
| CHASE, Rodney Frank | Director | 1995-06-10 | 1997-12-31 |
| CHRISTIE, Norman Constantine | Director | 2020-03-15 | 2020-12-01 |
| DALY, Michael Christopher, Dr. | Director | 2011-05-11 | 2013-08-23 |
| DALY, Michael Christopher, Dr. | Director | 2009-05-01 | 2010-12-13 |
| DE'ATH, Alexander James | Director | 2023-01-24 | 2025-07-28 |
| DEBRIER, Donald Paul | Director | — | 1993-05-31 |
| DELANEY-MC KNIGHT, Emma Louise | Director | 2015-07-08 | 2020-03-15 |
| EMEMBOLU, Ifeatu Chukwuemeka | Director | 2020-07-02 | 2022-02-07 |
| FARNSWORTH, James Walter | Director | 2001-09-01 | 2005-12-30 |
| FITZSIMMONS, David Stephen | Director | 2001-09-01 | 2003-10-01 |
| FLORES, Ariel David | Director | 2018-04-05 | 2020-07-02 |
| FLURY, Lyle Richard | Director | 1999-04-01 | 2000-03-09 |
| GARLICK, Trevor William | Director | 2009-10-01 | 2015-12-31 |
| GIBSON SMITH, Christopher Shaw, Dr | Director | — | 1995-09-30 |
| GOLDEN, Jack Emitt, Dr | Director | 1997-09-01 | 2000-08-31 |
| GOODWILL, David William | Director | 2011-11-09 | 2015-02-26 |
| GORDON, Graeme Ronald | Director | 2019-06-04 | 2025-03-25 |
| GRAHAM, Alastair Macleod, Dr | Director | 2000-04-01 | 2001-08-31 |
| GRANT, David William John | Director | 1997-09-01 | 1999-02-19 |
| GREVE, Gary Christian | Director | 1995-10-01 | 1997-07-01 |
| GROTE, Byron Elmer, Doctor | Director | 1993-12-10 | 1997-07-01 |
| HALLIDAY, James William | Director | 2010-04-21 | 2014-10-09 |
| HARDING, David Charles | Director | — | 1993-12-07 |
| HARDING, Richard Michael | Director | 1995-10-01 | 1997-08-31 |
| HAWKSHAW, Henry John | Director | — | 1995-09-30 |
| HAYWARD, Anthony Bryan | Director | 2002-12-01 | 2006-07-03 |
| HAYWARD, Anthony Bryan | Director | 1997-09-01 | 2000-08-31 |
| HERBERT, Richard | Director | 2015-09-01 | 2016-05-27 |
| JENKINS, David Anthony Lawson, Dr. | Director | — | 1998-10-01 |
| JOHNSTON, Andrew Beaton, Dr | Director | 2018-01-19 | 2019-06-04 |
| JONES, Alan Morrison | Director | 1997-09-01 | 2000-04-30 |
| LITTLE, Adam Charles | Director | 2003-10-01 | 2006-07-03 |
| LOONEY, Bernard | Director | 2008-05-01 | 2010-11-01 |
| LUNN, Anthony | Director | 2006-11-01 | 2009-09-15 |
| LYNCH, David James | Director | 2011-11-09 | 2018-12-31 |
| LYONS, Jan Clayton | Director | 2020-09-07 | 2021-04-06 |
| MACLENNAN, Karen | Director | 2015-07-08 | 2023-04-27 |
| MACRAE, Sandra Jean | Director | 2018-01-19 | 2020-08-28 |
| MARSHALL, Stephen | Director | 2000-05-01 | 2001-08-31 |
| MATHER, Peter James | Director | 2015-07-08 | 2021-09-23 |
| MEGGS, Anthony Jan Michael | Director | 1997-08-01 | 1998-11-30 |
| MILLER, Peter William Anderson | Director | 2015-07-08 | 2020-10-09 |
| MORRIS, Robin Dale | Director | 1993-05-31 | 2003-02-03 |
| NICOLSON, Donald Oag | Director | 2006-10-01 | 2008-02-26 |
| OLVER, Richard Lake, Sir | Director | 1995-10-01 | 2003-03-01 |
| PEACOCK, Steven Graham | Director | 2004-01-01 | 2006-03-01 |
| PEATTIE, David Keith, Mr. | Director | 2006-07-03 | 2013-02-28 |
| PRICE, Bruce | Director | 2015-07-08 | 2018-01-19 |
| RHODES, Christopher Paul | Director | 1998-12-01 | 2000-03-01 |
| RICHARDS, Marcus Trevor, Dr | Director | 2006-03-01 | 2008-09-03 |
| RUSHBY, Ian Leslie | Director | 1997-09-01 | 1998-08-31 |
| SIMON, David, Lord | Director | — | 1995-06-10 |
| SKIPPER, John Craig | Director | 2006-07-03 | 2012-12-14 |
| SKIPPER, John Craig | Director | 1999-02-19 | 2006-07-03 |
| SMYTH, Lawrence Wilson | Director | 2001-09-01 | 2002-07-31 |
| SMYTH, Lawrence Wilson | Director | 1995-10-31 | 1997-08-01 |
| SUMMERS, Timothy David | Director | 2003-04-01 | 2005-01-21 |
| TALLENTS, Adrienne Christine | Director | 1995-10-31 | 1999-07-31 |
| THOMAS, Mark Joseph | Director | 2016-01-01 | 2018-03-15 |
| URBAN, Scott Douglas | Director | 1999-03-01 | 2000-08-31 |
| VANN, Ian Roland | Director | 2002-01-01 | 2006-07-03 |
| VINGOE, Philip Arthur, Dr | Director | 1993-09-24 | 1995-01-01 |
| WEBB, Douglas Melville | Director | — | 1993-12-10 |
| WERNER, Matthew Leon | Director | 2009-10-01 | 2011-07-15 |
| WESTON, Steven | Director | 1995-10-01 | 1997-08-31 |
| WORK, David Fricke | Director | 1999-03-01 | 1999-08-31 |
| WRIGHT, Christopher Alan, Dr | Director | — | 1995-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 458 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-27 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-19 | SH20 | capital | Legacy | |
| 2024-12-19 | CAP-SS | insolvency | Legacy | |
| 2024-12-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.