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Financial resultsChange vs. 2Q 2007Results for the second quarter $bn % % per share• Replacement cost profit 6.9 6 8• Underlying replacement cost profit (1) 8.6 56 60• Net cash provided by operating activities 6.7 10 12¢/ share• Dividend to be paid next quarter 14.0 29%Change vs. 1H 2007Results for 1H $bn % % per share• Replacement cost profit 13.4 23 26• Underlying replacement cost profit (1) 15.2 53 57• Net cash provided by operating activities 17.6 25 28(1) Excluding non-operating items and fair value accounting effects
Exploration & Production$bnpre-tax1210864202Q 07FVAE/NOI Underlying 2Q 086,815 Underlying result $m 13,120(74) Fair value accounting effects (373)(FVAE) $m378 Non-operating items (NOIs) $m (1,976)7,119 Total result $m 10,771• Higher realizations• Strong underlying productiongrowth• Greater TNK–<strong>BP</strong> contribution:prices and tax lag benefit• Higher costs: sector-specificinflation, DD&A, productiontaxes• Non-operating items:embedded derivatives
Page 2 and 3: Cautionary StatementForward Looking
Page 5: Byron GroteChief Financial Officer
Page 9 and 10: Sources & uses of cash$bnpost tax20
Page 11 and 12: 1H 2008 strategic progressRestoring
Page 13 and 14: 1H 2008 strategic progressSecuring
Page 15 and 16: TNK-BP performance 2003-7Reserves r
Page 17 and 18: TNK-BP performance 2003-7#1 in Russ
Page 19 and 20: Changing business environmentRefini
Page 21 and 22: BP strategy: closing the competitiv

pdf (423KB) - BP

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