WELCOME TO BP SCOOP Session September 11 , 2003

Our aspiration “to be numbered amongst the world’s great companies when evaluated on financial returns and growth, being a great place to work and building a positive relationship with society. “to make it possible for people all over the world to enjoy the benefits of our products and services without endangering the natural environment.” - statement of strategy, October 2002

Who we are BP is an oil, gas, petrochemicals and renewables company 117,000 employees Operations on 6 continents and in over 100 countries Market capitalization of $ 142 billion Annual Revenues of $179 billion (2002) 2nd largest oil company and 7th largest company in the world Some Interesting facts ……. Over 26,500 service stations worldwide (More than McDonalds) Serving 13 million customers everyday (More than Yahoo) Greater earnings (profits) than 90% of the U.N. countries

Where we come from TNK - BP                                                                                                       We are a company with no common past but a common future. British Petroleum (1901): global hydrocarbon and petrochemicals based company. Primary focus on UK and US (Upstream only) Amoco (1889): International company with primary focus in US – gave increased scope in North America NB: Mobil: people became part of BP after dissolution of JV in Europe Arco (1866): top US west coast retail organisation Erdolchemie: German Chemicals company Castrol (1886): high-quality, global lubricants brand Vastar: US based exploration organisation NB: Solvay: BP acquired the Belgian arm of this Chemicals company Veba Oel (1929): strong refining position in Germany Aral (1898): leading fuels/retail brand in Germany TNK - BP

How we rank… In terms of assets: BP ranks 99th in the world In terms of revenue: BP is 4th among Fortune Global 500 Companies In terms of profits: BP places 6th among Fortune Global 500 Companies In terms of respect: BP ranks 35 out of the worlds 50 most respected companies and highest among all oil companies In terms of social responsibility: BP is 3rd worldwide

our global presence an opportunity and a responsibility oil gas chemicals refining market positions Market positions include all areas of the business (retail, lubricants, air BP, etc). Russia is shaded as this will be the position when the NewCo deal is finalised. an opportunity and a responsibility

where our people are located Middle East, Caspian & Russia 2,500 (+TNK BP) North America 42,800 Europe 45,200 Asia & Australasian 12,000 Africa 4,700 Latin America & Caribbean 2,800

What we do business segments exploration & production gas, power & renewables business segments refining & marketing petrochemicals

How our business operates

Integrated Supply and Trading (IST)

What is IST? What IST does Integrated Supply & Trading “Born” July 1, 2001, brings together all supply and trading functions Coordinates information exchange between streams Provides ‘one face’ to the market Integrated Markets BP’s equity production Originates third-party supply Optimizes the flows between production, refining & processing, and marketing Supply & IST’s 2,500 employees interact with 95% of the Business Units in BP, acting as a hub for information and maximizing asset value Mitigates price volatility risk Uses superior information to make “entrepreneurial” trades Develops deep relationships with third parties Trading

$ How IST Works IST “Trading Ring” Integrated Positions Human Capital Team based trading & incentives Open communication across “books” and locations Combinations of asset and speculative trading in a single team Houston & Chicago Singapore 24 Hour Global Trading $ Human Capital Assets + Worldwide Presence Systems Relationships London Other Major Offices Long Beach Calgary + Many smaller offices Moscow across the globe Cape Town Dubai

IST Challenge Program

Purpose of the program: IST Challenge Program Purpose of the program: Personal Development Business Needs Acceleration of skills development Exposure to different business areas Broad networking Develop new internal pool of talent Grow and enhance our group’s performance Diversify workplace: infuse new ideas How it works: Rotations Other Opportunities for Learning 3 positions over 3 years Opportunities to change location – La Palma, CA and Houston, TX Variety of front and back office roles Based on personal development plan Training programs: BP & external Networking opportunities with fellow employees Mentors assigned to provide guidance

IST Challenge Opportunities Types of Positions Available Rotation opportunities include: -Analytical, Special Project, Operational and Process roles Financial Operator Trading Analysis Oil/Products Scheduling Market Analysis Exchange Analysis Petroex & Contracts Performance Analyst Inventory Management

Why is IST Challenge Unique? Real jobs; real opportunities No pre-defined tracks: You have input Reasonable hours and expectations Great jobs waiting at completion

QUESTIONS ?