CHEVRON BRITAIN LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. 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. CHEVRON BRITAIN LIMITED 2019-03-07 → present
2. TEXACO BRITAIN LIMITED 1984-10-31 → 2019-03-07
3. GETTY OIL (BRITAIN) LIMITED 1977-12-31 → 1984-10-31
4. GETTY OIL INTERNATIONAL(ENGLAND),LIMITED 1971-03-26 → 1977-12-31

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “To reduce the share premium of the Company from £892,188,602 to £2,188,602. The resulting reduction of £890,000,000 was transferred to the Company's distributable reserves.”
• “Following the increase in distrubutable reserves, the Company proposed and paid a distribution in kind in the form of the receivable under the Loan Note entered into between the Company and its Parent, (Chevron International Exploration and Production Company Limited) on 1 November 2024 in the amount of £661,432,216.91 (the "Distribution in Kind").”
• “To propose and pay dividends totalling $100million (£74.2million) to Chevron International Exploration and Production Company Limited.”
• “On 1 November 2024, a hive-up agreement was executed under which the provision of technical services support transferred from the company to Chevron International Exploration and Production Company Limited. As a result, no income relating to these services was recognised within other income in 2025 (2024: £13.7 million).”
• “During the year, the company recognised an impairment charge of £28.6 million within cost of sales in respect of capitalised costs associated with the Bridge Linked Platform (BLP) concept for the next phase of development of the Clair area. The impairment followed the decision not to progress the BLP concept, resulting in those costs no longer being recoverable.”

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

Filings

8

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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