BP - annual data

BP performance versus comparatives: Finding and development costs
This clustered bar chart shows BP’s finding and development cost per barrel of oil equivalent compared with the maximum and minimum finding and development costs of other major oil companies.

Image with a graph of BP performance versus comparatives: Finding and development costs

	Units	2004	2005	2006	2007	2008
Finding costs (five-year rolling average) (13)	$/boe	0.81	0.92	1.53	2.33	3.56

The group adopted International Financial Reporting Standards (IFRS) with effect from 1 January 2005. Financial information for 2004 has been restated to reflect the adoption of IFRS. BP chose not to adopt International Accounting Standard No. 39 'Financial Instruments: Recognition and Measurement' (IAS 39) until 1 January 2005, and so financial assets and liabilities, including derivatives, are reported on the basis of UK generally accepted accounting practice (UK GAAP) for 2004. The balance sheet at 1 January 2005 is also presented to show the effect of adopting IAS 39.

(13) Reserves calculated on an SEC basis.

Data and tools delivered by

Disclaimer

Legal Notice

BP Annual data 2004 - 2008