BP PLC
USD million 2021 2020 2020
By segment
gas & low carbon energy 8,002 2,371 5,525
oil production & operations 5,155 4,101 5,831
customers & products 27,107 24,158 25,814
other businesses & corporate 436 404 437
40,700 31,034 37,607
Less: sales and other operating revenues between segments
gas & low carbon energy 1,032 616 1,811
oil production & operations 4,855 3,782 5,501
customers & products 110 486 (782)
other businesses & corporate 159 436 104
6,156 5,320 6,634
External sales and other operating revenues
gas & low carbon energy 6,970 1,755 3,714
oil production & operations 300 319 330
customers & products 26,997 23,672 26,596
other businesses & corporate 277 (32) 333
Total sales and other operating revenues 34,544 25,714 30,973
By geographical area
US 14,491 8,436 9,665
Non-US 26,883 22,355 26,832
41,374 30,791 36,497
Less: sales and other operating revenues between areas 6,830 5,077 5,524
34,544 25,714 30,973
Revenues from contracts with customers
Sales and other operating revenues include the following in relation to revenues from
contracts with customers:
Crude oil 1,334 1,185 1,435
Oil products 19,278 16,216 20,254
Natural gas, LNG and NGLs[(b)] 4,181 1,369 3,178
Non-oil products and other revenues from contracts with customers[(b)] 1,398 2,546 2,477
Revenue from contracts with customers 26,191 21,316 27,344
Other operating revenues[(c)] 8,353 4,398 3,629
Total sales and other operating revenues 34,544 25,714 30,973 . (a) Comparative information for 2020 has been restated for the changes in reportable segments and also changes to net presentation of revenues and purchases relating to physically settled derivative contracts effective 1 January
2021. For more information see Note 1 Basis of preparation - Voluntary change in accounting policy and Change in
segmentation. . (b) Comparative information has been amended for certain contracts that have been reclassified to other operating
revenues and then been subject to the net presentation described in Note 1 Basis of preparation - Voluntary change
in accounting policy. . (c) Principally relates to commodity derivative transactions. Top of page 24 Note 5. Depreciation, depletion and amortization[(a) ]
First Fourth First
quarter quarter quarter
USD million 2021 2020 2020
Total depreciation, depletion and amortization by segment
gas & low carbon energy 854 721 1,038
oil production & operations 1,574 1,786 2,117
customers & products 745 748 747
other businesses & corporate 194 171 157
3,367 3,426 4,059
Total depreciation, depletion and amortization by geographical area
US 1,121 1,174 1,425
Non-US 2,246 2,252 2,634
3,367 3,426 4,059 more information see Note 1 basis of preparation - Change in segmentation. Note 6. Earnings per share and shares in issue Basic earnings per ordinary share (EpS) amounts are calculated by dividing the profit (loss) for the period attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. No share buybacks were carried out during the quarter. The calculation of EpS is performed separately for each discrete quarterly period, and for the year-to-date period. As a result, the sum of the discrete quarterly EpS amounts in any particular year-to-date period may not be equal to the EpS amount for the year-to-date period. For the diluted EpS calculation the weighted average number of shares outstanding during the period is adjusted for the number of shares that are potentially issuable in connection with employee share-based payment plans using the treasury stock method.
First Fourth First
quarter quarter quarter
USD million 2021 2020 2020
Results for the period
Profit (loss) for the period attributable to bp shareholders 4,667 1,358 (4,365)
Less: preference dividend 1 - -
Profit (loss) attributable to bp ordinary shareholders 4,666 1,358 (4,365)
Number of shares (thousand)[(a)(b)]
Basic weighted average number of shares outstanding 20,297,585 20,233,240 20,178,803
ADS equivalent[(c)] 3,382,930 3,372,206 3,363,133
Weighted average number of shares outstanding used to calculate diluted
earnings per share 20,388,628 20,329,326 20,178,803
ADS equivalent[(c)] 3,398,104 3,388,221 3,363,133
Shares in issue at period-end 20,331,023 20,264,027 20,197,527
ADS equivalent[(c)] 3,388,503 3,377,337 3,366,254 . (a) Excludes treasury shares and includes certain shares that will be issued in the future under employee share-based payment plans. . (b) If the inclusion of potentially issuable shares would decrease loss per share, the potentially issuable shares
are excluded from the weighted average number of shares outstanding used to calculate diluted earnings per share.
The numbers of potentially issuable shares that have been excluded from the calculation for the first quarter 2020
74,240 thousand (ADS equivalent 12,374 thousand). . (c) One ADS is equivalent to six ordinary shares. Top of page 25 Note 7. Dividends Dividends payable BP today announced an interim dividend of 5.25 cents per ordinary share which is expected to be paid on 18 June 2021 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 7 May 2021. The ex-dividend date will be 6 May 2021. The corresponding amount in sterling is due to be announced on 8 June 2021, calculated based on the average of the market exchange rates over three dealing days between 3 June 2021 and 7 June 2021. Holders of ADSs are expected to receive USD0.315 per ADS (less applicable fees). The board has decided not to offer a scrip dividend alternative in respect of the first quarter 2021 dividend. Ordinary shareholders and ADS holders (subject to certain exceptions) will be able to participate in a dividend reinvestment programme. Details of the first quarter dividend and timetable are available at bp.com/dividends and further details of the dividend reinvestment programmes are available at bp.com/drip.
First Fourth First
quarter quarter quarter
2021 2020 2020
Dividends paid per ordinary share
cents 5.250 5.250 10.500
pence 3.768 3.917 8.156
Dividends paid per ADS (cents) 31.50 31.50 63.00 Note 8. Net debt
Net debt* First Fourth First (MORE TO FOLLOW) Dow Jones Newswires
April 27, 2021 04:16 ET (08:16 GMT)
