Presentation slides and script (pdf, 2.6MB) | Investors - BP

This slide shows our share of earnings from Rosneft, and historically from TNK-BP.BP’s share of Rosneft underlying net income was over $800 million in the thirdquarter, significantly higher than in the previous quarter. The third quarter benefitedfrom rouble appreciation against the US dollar, a positive duty lag and higher Uralsprices, partially reversing the negative impact of these factors in the second quarter.BP’s share of Rosneft production in the third quarter was 965 thousand barrels of oilequivalent per day, 2% higher than in the previous quarter. BP’s total production forthe quarter, including this production, was 3.2 million barrels of oil equivalent per day.In the third quarter we received around $460 million after tax from our share of theRosneft dividend that related to last year’s earnings. We expect no further dividendsfrom Rosneft this year.9