1. WELCOME TO BP IU Scoops Session January 20, 2005

2. What we’ll talk about today… Facts & Information Regarding BP Integrated Supply & Trading Business Unit The IST – Oil Americas Challenger Program Q&A

3. 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

4. Who we are BP is an oil, gas, petrochemicals and renewables company 104,000 employees* Operations on 6 continents and in over 100 countries Market capitalization of $ 196.5 billion* Annual Revenues of $233 billion* Largest oil company and 2nd largest company in the world in terms of revenue (2004 Fortune Global 500) In terms of social responsibility: BP is 3rd worldwide *(Data as of Dec 2003) Some Interesting facts ……. Over 27,800 service stations worldwide (More than McDonalds) Serving 13 million customers everyday (More than Yahoo)

5. Where we come from TNK - BP

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

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

8. How our business operates

9. Integrated Supply and Trading (IST)

11. 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 information from assets to dynamically hedge 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

12. 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 Moscow Cape Town Dubai Human Capital And many other offices across the globe

14. IST Challenge Program

15. Program Overview 3 positions over 3 years Opportunities to change location -La Palma, CA and Houston, TX Variety of roles Based on personal development & business needs 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:

16. IST-Commercial Challenge Opportunities Types of Positions Available Rotation opportunities include: Analytical, Operational or Project roles Example Jobs Chartering Specialist Trading Analyst Risk Analyst Process Support Analyst Scheduler Supply Specialist Contract Specialist

17. IST-Finance & Accounting Challenge Opportunities Types of Positions Available Example Jobs Trading Control (MI/MA) Analyst Financial Accounts Analyst Financial Operations Analyst Inventory Analyst Various roles in finance, control, and accounting

18. 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

19. Hiring Process Campus Interviewing in October Final interviews at BP Chicago offices in November Offers extended the following week Decision date by early December

20. Spring Semester 2005 Trading Simulation February 23, 2005 Bid via UCSO website Real world, real time, real experience Z302 Case Competition Career Services Office Contact us

21. BP-IST TRADING SIMULATION FEBRUARY 23, 2005 1-3pm or 5:30-8pm Trade Real Time Markets Trade Through Brokers and Counterparties State of the Art Technology Have Fun, Network, Win Prizes See the BPO and CSJ for more information

22. QUESTIONS ?