BP EXPLORATION (EPSILON) LIMITED

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

• Turnover

  +2.2%

  £1,091,163,938 → £1,114,696,868

• Cash

  -38.3%

  £23,499,290 → £14,489,796

• Net assets

  -42.8%

  £2,701,968,304 → £1,546,580,698

• Employees

  —

  Not reported

• Operating profit

  +4.3%

  £767,660,163 → £800,425,357

• Profit before tax

  +4.1%

  £845,655,977 → £880,353,592

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 EXPLORATION (EPSILON) LIMITED 2007-02-14 → present
2. BP AMOCO EXPLORATION (EPSILON) LIMITED 2000-07-21 → 2007-02-14
3. BP PETROLEUM DEVELOPMENT (ALPHA) LIMITED 1988-03-08 → 2000-07-21
4. SULPETRO (UK) LIMITED 1982-05-27 → 1988-03-08
5. CANDEL PETROLEUM(U.K.)LIMITED 1971-03-17 → 1982-05-27

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. Forecast liquidity of the bp group has been assessed under a number of stressed scenarios, including a significant decline in oil prices over the 12-month period from the date these financial statements were approved.”

Significant events

• “On 2 May 2024, the company's 5% license interest in the Foinaven main field (and 1.868% ownership interest in the West of Shetland Gas Pipeline (WOSPS)) was transferred to Britoil Limited. The related decommissioning liability was transferred to Britoil Limited.”
• “In 2021, the entity divested 20% of its participating interest in Oman's Block 61 to PTT Exploration and Production Public Company Limited (PTTEP) of Thailand, bp remained operator of the Block 61 holding a 40% interest.”
• “The company also has a 50% interest in Oman's Block 77 with ENI (operator) in which an exploration well was drilled and suspended during 2023 due to technical challenges, future assessment options for this block are in progress.”
• “The Ghazeer project was commissioned in 2020 and further increased the unitised Block 61 production to 1bcf since 2022.”

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

Filings

7

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.