BP EXPLORATION COMPANY LIMITED
Get an alert when BP EXPLORATION COMPANY LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-21 (in 7mo)
Last made up 2025-12-07
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£56B
USD 75,185,136,000
+18% vs 2023
Employees
—
Average over period
Profit before tax
£12B
USD 16,066,789,000
+282.7% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £3,139,717,425 | £21,379,980,564 | |
| Operating profit | £3,140,030,650 | £11,970,343,126 | |
| Profit before tax | £3,138,435,374 | £12,010,756,522 | |
| Net profit | £3,138,435,374 | £12,010,756,522 | |
| Cash | — | — | |
| Total assets less current liabilities | £47,632,762,951 | £56,204,781,341 | |
| Net assets | £47,632,762,951 | £56,204,781,341 | |
| Equity | £47,632,762,951 | £56,204,781,341 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+581%
£3,139,717,425 £21,379,980,564
-
Cash
—
Not reported
-
Net assets
+18%
£47,632,762,951 £56,204,781,341
-
Employees
—
Not reported
-
Operating profit
+281.2%
£3,140,030,650 £11,970,343,126
-
Profit before tax
+282.7%
£3,138,435,374 £12,010,756,522
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 100.0% | 56.0% | |
| Net margin | 100.0% | 56.2% | |
| Return on capital employed | 6.6% | 21.3% | |
| Current ratio | 405.40x | 454214.04x | |
| Interest cover | 71.03x | 203.35x |
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 COMPANY LIMITED 2020-02-06 → present
- B P EXPLORATION COMPANY LIMITED 1877-11-06 → 2020-02-06
Audit & accounting basis
- 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. 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 COMPANY LIMITED · parent
- BP Exploration Company (Middle East) Limited 100%
- BP (Abu Dhabi) Limited 100%
- BP Exploration Operating Company Limited 100%
- BP Exploration Orinoco Limited 100%
- BP Services International Limited 100%
- Amoco (U.K.) Exploration Company LLC. 100%
- Arcius Energy Limited 51%
- Azerbaijan Gas Supply Company Limited 24%
- BP Brasil Limitada 100%
- Trans Adriatic Pipeline AG 20%
Significant events
- “On 14 July 2025, the company has issued a supporting corporate guarantee on BP Exploration (Alpha) Limited and BP Exploration Services India Limited in amount of $128.5 million.”
- “On 21 July 2025, the company as a lender and agent entered into a $629.4 million shareholder loan agreement dated 26 June 2025 with ADNOC Ruwais Liquefied Natural Gas - L.L.C. as a borrower. The loan may be increased to up to $818.2 million in the future to deal with project cost overruns.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2025-10-27 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2010-07-01 | — | — |
| HORNER, Giles Andrew | Director | 2025-09-01 | Feb 1971 | British |
| MACLENNAN, Karen | Director | 2020-11-30 | May 1971 | British |
| WHITING, Lindsay Ann | Director | 2021-04-06 | Oct 1981 | British |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2006-02-01 | 2010-06-30 |
| CUMMING, Robert Cameron | Secretary | 2001-06-01 | 2002-03-31 |
| DEBRIER, Donald Paul | Secretary | 1989-10-27 | 1993-05-31 |
| ELVIDGE, Janet | Secretary | 2004-08-01 | 2006-02-01 |
| JONES, Richard Carno | Secretary | — | 1989-10-27 |
| MORRIS, Robin Dale | Secretary | 1993-05-31 | 2001-05-31 |
| TOOLEY, Roy Leslie | Secretary | 2002-02-11 | 2004-08-01 |
| AHEARNE, Stephen James | Director | — | 1992-12-30 |
| ALEXANDER, Ralph Charles | Director | 1999-09-20 | 2002-06-01 |
| ALLEN, David Christopher, Dr | Director | 1997-07-31 | 1999-02-28 |
| ARMSTRONG, William Ellis | Director | 2001-09-01 | 2009-07-01 |
| ATKINSON, Leslie, Dr | Director | — | 1990-04-03 |
| BARTLETT, John Harold, Mr. | Director | 2009-07-01 | 2017-12-31 |
| BROWNE, Edmund John Phillip | Director | — | 1995-11-06 |
| BUCHANAN, John Gordon Sinclair, Sir | Director | 1992-11-20 | 1995-11-06 |
| BUTLER, Basil Richard Ryland | Director | — | 1989-05-19 |
| CAMPBELL, James Douglas | Director | 1990-04-03 | 1992-11-20 |
| CHASE, Rodney Frank | Director | 1992-03-20 | 1997-12-31 |
| CHASE, Rodney Frank | Director | 1989-05-20 | 1992-12-12 |
| DALY, Michael Christopher, Professor | Director | 2006-12-01 | 2013-12-31 |
| DARLEY, Julian Robin | Director | — | 1992-12-12 |
| FITZSIMMONS, David Stephen | Director | 2001-09-01 | 2003-10-01 |
| FLURY, Lyle Richard | Director | 1999-04-01 | 2000-03-09 |
| GILLAM, Patrick John, Sir | Director | — | 1991-08-07 |
| GOLDEN, Jack Emitt, Dr | Director | 1997-09-01 | 2000-08-31 |
| GROTE, Byron Elmer, Doctor | Director | 1995-10-20 | 1997-07-01 |
| HARDING, David Charles | Director | — | 1990-04-03 |
| HARRINGTON, Roger Christopher | Director | 2009-10-01 | 2014-10-14 |
| HAYWARD, Anthony Bryan, Dr | Director | 2002-12-01 | 2007-03-13 |
| HAYWARD, Anthony Bryan | Director | 1997-09-01 | 2000-08-31 |
| HERBERT, Richard | Director | 2015-07-08 | 2016-05-27 |
| INGLIS, Andrew George | Director | 2001-09-01 | 2010-03-01 |
| JENKINS, David Anthony Lawson, Dr. | Director | 1989-05-20 | 1992-12-12 |
| JOHNSON, William Joseph | Director | — | 1995-12-01 |
| KING, Christopher Philip | Director | — | 1989-05-19 |
| LYONS, Jan Clayton | Director | 2020-10-01 | 2021-04-06 |
| MACRAE, Sandra Jean | Director | 2018-04-11 | 2020-08-28 |
| MCMAHON, Shiva Pezeshki | Director | 2016-10-24 | 2017-05-10 |
| NORTON, Hugh Edward | Director | — | 1995-06-30 |
| OLVER, Richard Lake, Sir | Director | 1995-10-20 | 2003-03-01 |
| PAYNE, David Hugh Walton | Director | 1993-07-30 | 1995-11-06 |
| PERCY, Steven Wellesley | Director | 1995-07-01 | 1995-11-06 |
| RIDER, David Alan | Director | 2014-10-14 | 2020-11-30 |
| SAINT, William John | Director | — | 1989-12-31 |
| SEAL, Karl Russell | Director | 1995-07-01 | 1995-11-06 |
| SIMON, David, Lord | Director | 1991-03-15 | 1995-06-09 |
| STARKIE, Francis William Michael | Director | 2007-07-01 | 2009-09-30 |
| STOMBERG, Rolf Wilhelm Heinrich, Dr | Director | 1990-04-03 | 1992-03-20 |
| URBAN, Scott Douglas | Director | 1999-03-01 | 2005-08-31 |
| VAIGHT, Paul Ronald | Director | 1993-05-07 | 1995-11-06 |
| VANN, Ian Roland | Director | 2002-01-01 | 2006-12-01 |
| WORK, David Fricke | Director | 1999-03-01 | 1999-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 307 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-27 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-07-08 | CH04 | officers | Change corporate secretary company with change date | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2020-12-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2020-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-08 | AA | accounts | Accounts with accounts type full | |
| 2020-10-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 0
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.