BP EXPLORATION (CASPIAN SEA) LIMITED
Operating as a subsidiary of the London-listed multinational energy group BP plc, the company is engaged in the exploration and extraction of crude petroleum.
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Cash
£4.4m
USD 5,951,000
-98.8% lowest in 3 filed years
Net assets
£2.1bn
USD 2,781,419,000
-15.1% lowest in 3 filed years
Employees
2,641
-1% vs 2024
Profit before tax
£33m
USD 45,099,000
-91.7% first positive since 2023
Watch the reel
Our short-form breakdown of BP EXPLORATION (CASPIAN SEA) LIMITED's latest filing
BP's Caspian Sea extraction arm saw profits slide on lower oil prices, but still handed a massive £226m dividend back to the parent company. 🛢️
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,054,250,078 | £965,867,558 | £806,015,584 | -16.6% | |
| Operating profit | -£130,179,636 | £436,833,811 | £60,658,998 | -86.1% | |
| Profit before tax | -£155,536,555 | £400,972,620 | £33,468,646 | -91.7% | |
| Net profit | -£160,378,883 | £285,294,492 | £20,378,479 | -92.9% | |
| Cash | £361,632,413 | £355,964,661 | £4,416,327 | -98.8% | |
| Total assets less current liabilities | £3,815,687,951 | £3,551,522,604 | £3,126,063,080 | -12% | |
| Net assets | £2,585,211,798 | £2,430,748,965 | £2,064,132,839 | -15.1% | |
| Equity | £2,585,211,798 | £2,430,748,965 | £2,064,132,839 | -15.1% | |
| Average employees | 2,601 | 2,667 | 2,641 | -1% | |
| Wages | £168,475,839 | £185,336,676 | £165,902,783 | -10.5% | |
| Directors' remuneration | — | £0 | £35,622 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -12.3% | 45.2% | 7.5% | |
| Net margin | -15.2% | 29.5% | 2.5% | |
| Return on capital employed | -3.4% | 12.3% | 1.9% | |
| Gearing (liabilities / total assets) | 42.1% | 42.6% | 40.9% | |
| Current ratio | 1.61x | 1.03x | 1.25x | |
| Interest cover | -2.89x | 8.49x | 1.54x |
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 (CASPIAN SEA) LIMITED 1992-12-15 → present
- BRITISH BREON LIMITED 1946-02-11 → 1992-12-15
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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2025-10-29 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2010-07-01 | — | — |
| CRISTOFOLI, Giovanni | Director | 2025-10-01 | May 1972 | British |
| FREEMAN, Jaqueline Sara | Director | 2016-01-01 | Feb 1968 | British |
| MCDONALD, Andrew Parker | Director | 2025-10-01 | Apr 1977 | British |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2006-02-01 | 2010-06-30 |
| CUMMING, Robert Cameron | Secretary | — | 2002-03-31 |
| ELVIDGE, Janet | Secretary | 2004-08-01 | 2006-02-01 |
| ENG, Christopher Kuangcheng Gerald | Secretary | 2009-03-23 | 2010-06-30 |
| TOOLEY, Roy Leslie | Secretary | 2002-02-11 | 2004-08-01 |
| WATTS, Julian John | Secretary | — | 1993-04-10 |
| ADAMS, Terence David, Doctor | Director | 1994-12-09 | 1995-05-01 |
| ALLEN, David Christopher, Dr | Director | 1997-09-01 | 1999-02-28 |
| BARTLETT, John Harold, Mr. | Director | 1997-05-20 | 2012-02-27 |
| BENTLEY, Mark Traill | Director | — | 1992-07-17 |
| BIRRELL, Gordon Young | Director | 2012-11-15 | 2017-04-02 |
| BIRRELL, Gordon Young | Director | 2000-07-01 | 2001-08-31 |
| BROWNE, Edmund John Phillip, Lord | Director | 1993-03-01 | 1995-08-31 |
| CHAPMAN, Douglas Patrick | Director | 1992-07-17 | 1993-04-10 |
| CHASE, Rodney Frank | Director | 1995-10-11 | 1996-03-12 |
| DRINKWATER, Anne | Director | 2008-01-01 | 2008-12-31 |
| DURRANT, Amanda Jane | Director | 1997-01-01 | 1999-03-31 |
| FORBES, Ian Douglas | Director | 1998-02-27 | 1999-02-28 |
| GRAYSON, Richard Charles | Director | — | 1993-04-10 |
| GROTE, Byron Elmer, Doctor | Director | 1996-03-12 | 1997-07-01 |
| HARDING, Richard Michael | Director | 1995-05-01 | 1996-12-20 |
| HAYWARD, Anthony Bryan | Director | 1999-03-01 | 2000-08-31 |
| HOPWOOD, Andrew Paul | Director | 1999-03-01 | 2000-06-30 |
| JAVANSHIR, Rashid Jamil Oglu | Director | 2009-09-03 | 2012-11-15 |
| JONES, Robert Gary | Director | 2017-04-02 | 2025-10-01 |
| JULIUSSEN, Trine Lise | Director | 2022-01-14 | 2025-10-01 |
| JULIUSSEN, Trine Lise | Director | 2020-03-10 | 2020-09-30 |
| LITTLE, Adam Charles | Director | 1997-01-01 | 1997-05-20 |
| LITTLE, Adam Charles | Director | 1995-05-01 | 1995-10-11 |
| MACRAE, Sandra Jean | Director | 2012-02-27 | 2016-01-01 |
| PANIGUIAN, Richard Leon | Director | 1999-12-01 | 2008-01-01 |
| PITMAN, Charles Joseph | Director | 1999-03-01 | 1999-08-31 |
| PRITCHARD, David John | Director | 1997-01-01 | 1998-02-27 |
| PUFFER, Brian Michael | Director | 2010-10-11 | 2018-02-06 |
| SCHRADER, William George | Director | 2006-11-10 | 2009-09-03 |
| SKINNER-REID, Elaine Patricia | Director | 2020-09-30 | 2022-01-14 |
| TALLENTS, Adrienne Christine | Director | 1995-05-01 | 1999-07-31 |
| WHITEHEAD, Edward | Director | — | 1994-12-09 |
| WOODWARD, David Keith | Director | 2001-09-01 | 2006-11-10 |
| WRIGHT, Christopher Alan, Dr | Director | — | 1995-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 216 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-23 MA Memorandum articles
- 2022-11-22 RESOLUTIONS Resolution
- 2022-11-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type full | |
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-29 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-02-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-19 | AA | accounts | Accounts with accounts type full | |
| 2023-03-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | MA | incorporation | Memorandum articles | |
| 2022-11-22 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-22 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-11-22 | SH20 | capital | Legacy | |
| 2022-11-22 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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.