BP GAS MARKETING LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -45.5%

  £13,834,133,000 → £7,544,055,000

• Cash

  -18.5%

  £420,799,000 → £342,864,000

• Net assets

  +2.3%

  £9,428,109,000 → £9,646,239,000

• Employees

  —

  Not reported

• Operating profit

  -77.3%

  £4,486,757,000 → £1,020,250,000

• Profit before tax

  -72.5%

  £4,858,733,000 → £1,335,385,000

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

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.

1. BP GAS MARKETING LIMITED 1994-04-28 → present
2. BP PETROLEUM DEVELOPMENT (SOUTHERN ENGLAND) LIMITED 1986-11-15 → 1994-04-28
3. VOYAGER PETROLEUMS (U K) P L C 1967-06-22 → 1986-11-15

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. No material uncertainties over going concern or significant judgements or estimates on the assessment were identified.”

Significant events

• “The overall decrease in turnover was primarily driven by the impact of commodity price movements and the position in LNG's financial strategy. The company's short paper position in LNG led to a significant loss in 2024 due to a sharp rebound in prices towards end of the 2024.”
• “Approval of the payment of an interim dividend.”
• “On 2 September 2024, the company's ownership was transferred from BP Exploration Operating Company Limited to BP International Limited.”
• “During the financial year, this relates to the completion of the disposal of assets classified as held for sale. Further details are disclosed in Note 15.”
• “In the previous financial year, the company entered into an agreement to dispose a subsidiary, Bahía De Bizkaia Electricidad, S.L., the investment was subsequently reclassified as assets held for sale and presented separately on the balance sheet. Prior to the transfer, the net book value was written down to the agreed consideration to be received.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.