CHEVRON BRITAIN LIMITED

• ◆

  4 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. About these numbers

• Turnover

  -13.5%

  £307,200,000 → £265,700,000

• Cash

  —

  Not reported

• Net assets

  -1.2%

  £1,199,700,000 → £1,185,500,000

• Employees

  -18.8%

  80 → 65

• Operating profit

  -45.6%

  £220,600,000 → £119,900,000

• Profit before tax

  -37%

  £254,000,000 → £160,100,000

• Wages

  -3.1%

  £12,800,000 → £12,400,000

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. 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

“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Management base their assumption on future cash flows that show that even in a severe low case scenario the company is cash generative. Thus, they continue to adopt the going concern basis of accounting in preparation for the financial statements.”

Significant events

• “In May, 2024, following a strategic review, the company's parent, Chevron International Exploration and Production Limited, announced its intention to initiate the process of marketing its 19.425% non-operated working interest in the Clair Field and associated assets in the UK North Sea.”
• “In December 2024, Chevron International Exploration and Production Limited, announced the decision to stop the marketing process and retain the working interest of the Clair Field and associated assets in the North Sea.”
• “In July 2024 a hive-up agreement was executed, and the agreements associated with the Rosebank receivable were novated to Chevron International Exploration and Production Company Limited along with the associated receivable value via a dividend in kind.”
• “Further group restructuring was completed on November 1, 2024, net assets with a carrying value of £661.4M were transferred from the company to it's parent, Chevron International Exploration and Production Company Limited.”
• “In October 2024, the UK government announced changes (effective from 1 November 2024) to the Energy Profits Levy including a 3% increase in the rate taking the headline rate of tax on North Sea profits to 78%, an extension to the period of application of the Levy to 31 March 2030 and the removal of the Levy's main investment allowance. The changes to the rate and to the investment allowance were substantially enacted in 2024.”

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

Filings

14

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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