BP EXPLORATION (AZERBAIJAN) 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

  -14.7%

  £2,545,249,309 → £2,172,039,321

• Cash

  —

  Not reported

• Net assets

  -14%

  £4,112,174,628 → £3,536,640,502

• Employees

  —

  Not reported

• Operating profit

  -31.2%

  £1,133,678,702 → £779,789,938

• Profit before tax

  -33.1%

  £1,247,850,789 → £834,766,390

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 (AZERBAIJAN) LIMITED 1992-08-07 → present
2. CENTRAL NORTH SEA PIPELINES LIMITED 1987-09-02 → 1992-08-07

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

1. BP EXPLORATION (AZERBAIJAN) LIMITED · parent
   1. Azerbaijan Gas Supply Company Limited 23.992% · Cayman Islands · Natural Gas Sales

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

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.