BP EXPLORATION (AZERBAIJAN) LIMITED
Operating as a subsidiary of the BP group, the company is engaged in the exploration and extraction of crude petroleum in Azerbaijan.
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Cash
—
Latest balance sheet
Net assets
£3.6B
USD 4,730,964,000
-14% vs 2023
Employees
—
Average over period
Profit before tax
£845M
USD 1,116,667,000
-33.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-15.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £2,577,816,475 | £2,199,831,163 | -14.7% | |
| Operating profit | £1,148,184,434 | £789,767,565 | -31.2% | |
| Profit before tax | £1,263,817,383 | £845,447,456 | -33.1% | |
| Net profit | £853,728,801 | £552,777,105 | -35.3% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £4,511,533,919 | £3,916,483,949 | -13.2% | |
| Net assets | £4,164,791,036 | £3,581,892,792 | -14% | |
| Equity | £4,164,791,036 | £3,581,892,792 | -14% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from USD at 0.757 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 |
|---|---|---|---|
| Operating margin | 44.5% | 35.9% | |
| Net margin | 33.1% | 25.1% | |
| Return on capital employed | 25.4% | 20.2% | |
| Gearing (liabilities / total assets) | 10.1% | 11.0% | |
| Current ratio | 6.12x | 5.48x | |
| Interest cover | — | 60.50x |
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 (AZERBAIJAN) LIMITED 1992-08-07 → present
- CENTRAL NORTH SEA PIPELINES LIMITED 1987-09-02 → 1992-08-07
Audit & accounting basis
- Accounting basis
- IFRS
- 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. No material uncertainties over going concern or significant judgements or estimates on the assessment were identified. Accordingly, the company will be able to draw on support from the bp group for the foreseeable future and these financial statements have therefore been prepared on a going concern basis.”
Group structure
- BP EXPLORATION (AZERBAIJAN) LIMITED · parent
- Azerbaijan Gas Supply Company Limited 23.992%
Significant events
- “The Shah Deniz Compression Project, a $2.9 billion initiative, achieved FID in June 2025. Project execution has commenced, targeting first gas delivery in 2029.”
- “In February 2024 the directors considered and approved a guarantee in favour of joint venture partners.”
- “In December 2024, the directors considered the impact of such a decision on the long-term prospects of the company, as well as considering the financial position of the company to ensure that it has the sufficient distributable reserves at the time of the interim dividend.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 47 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 47 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 |
| 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 | 2010-10-11 | 2012-02-27 |
| BARTLETT, John Harold, Mr. | Director | 1997-05-20 | 1999-02-28 |
| BIRRELL, Gordon Young | Director | 2012-11-15 | 2017-04-02 |
| BIRRELL, Gordon Young | Director | 2000-07-01 | 2001-08-31 |
| BLY, Mark Robert | Director | 2001-09-01 | 2003-02-03 |
| BROWNE, Edmund John Phillip, Lord | Director | 1992-10-27 | 1995-09-01 |
| CHASE, Rodney Frank | Director | 1995-10-11 | 1996-03-12 |
| DJEVANSHIR, Rashid Djamil Oglu, Professor | Director | 1999-03-01 | 2001-12-30 |
| DURRANT, Amanda Jane | Director | 1997-01-01 | 1999-03-31 |
| FORBES, Ian Douglas | Director | 1998-02-27 | 1999-02-28 |
| GOODALL, Colin Robert | Director | — | 1993-06-01 |
| GRAHAM, Alastair Macleod, Dr | Director | 2000-05-01 | 2001-08-31 |
| GROTE, Byron Elmer, Doctor | Director | 1996-03-12 | 1997-07-01 |
| HARDING, Richard Michael | Director | 1995-05-01 | 1996-12-20 |
| HARRINGTON, Roger Christopher | Director | 2009-10-01 | 2010-03-08 |
| 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 | 2009-05-02 | 2012-11-15 |
| JONES, Alan Morrison | Director | 1998-05-01 | 2000-04-30 |
| 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 |
| KELLY, Robert David | Director | 2002-01-01 | 2005-05-01 |
| 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 |
| MORRIS, Robin Dale | Director | — | 1993-06-01 |
| 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 | 2010-03-08 | 2018-02-06 |
| SCHRADER, William George | Director | 2006-11-10 | 2006-11-10 |
| SKINNER-REID, Elaine Patricia | Director | 2020-09-30 | 2022-01-14 |
| SKITMORE, Michael James | Director | 2005-05-01 | 2009-05-02 |
| STARKIE, Francis William Michael | Director | 2007-07-01 | 2009-09-30 |
| TALLENTS, Adrienne Christine | Director | 1995-05-01 | 1999-07-31 |
| URBAN, Scott Douglas | Director | 2001-09-01 | 2003-06-01 |
| 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 231 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-19 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-07-08 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-07 | AA | accounts | Accounts with accounts type full | |
| 2021-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.