WELCOME TO BP SCOOP Session February 12, 2004

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) 2 nd largest oil company and 7 th 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

How We Rank… In terms of assets: BP ranks 99 th in the world In terms of revenue: BP is 4 th among Fortune Global 500 Companies In terms of profits: BP places 6 th 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 3 rd worldwide

Our Global Presence oil gas chemicals refining market positions an opportunity and a responsibility

Where Our People are Located Latin America & Caribbean 2,800 North America 42,800 Africa 4,700 Europe 45,200 Asia & Australasian 12,000 Middle East, Caspian & Russia 2,500 (+TNK BP)

What We Do exploration & production refining & marketing gas, power & renewables petrochemicals business segments

How Our Business Operates

Integrated Supply and Trading (IST)

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

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

IST Challenge Program

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 Rotations Training programs: BP & external Networking opportunities with fellow employees Mentors assigned to provide guidance Other Opportunities for Learning Purpose of the program: 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 Personal DevelopmentBusiness Needs How it works:

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 Analysis 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

Hiring Process Chicago Offices Presenting at SCOOP sessions next semester Attending the Business career fair in fall Campus interviewing in October

QUESTIONS ?