BP - annual data

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

Image with a graph of BP performance versus comparatives: Cost of supply

	Units	2004	2005	2006	2007	2008
Cost of supply - BP (14)	$/boe	9.54	10.44	12.51	14.81	15.46

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.

(14) Cost of supply comprises exploration expense, lifting costs and depreciation, depletion and amortization.

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BP Annual data 2004 - 2008