|
Units
|
1999
|
2000
|
2001
|
2002
|
2003
|
Replacement cost profit before interest and tax (pro forma) (1) - Total
|
$m
|
6,614
|
19,590
|
19,147
|
13,774
|
20,330
|
RCPBIT - by business - select from menu
|
|
|
|
|
|
|
RCPBIT (pro forma) - Petrochemicals
|
$m
|
429
|
548
|
(169)
|
165
|
568
|
Indicator - Chemicals Indicator Margin (3)
|
$/te
|
114
|
126
|
109
|
104
|
113
|
All the financial data for 1999 to 2003 has been restated to reflect (i) the transfer of NGLs operations from E&P to GP&R and (ii) the impact of change in ESOP accounting. Only data for 2002 and 2003 has been restated to reflect the adoption by the group of "Retirement Benefits Reporting Standard (FRS17)"
(1) Replacement cost profit is after exceptional items and excluding stock holding gains and losses. (3) The Chemicals Indicator Margin (CIM) is a weighted average of externally-based product margins. It is based on market data collected by Nexant (formerly Chem Systems) in their quarterly market analyses, then weighted based on BP's product portfolio. While it does not cover our entire portfolio, it includes a broad range of products. Among the products and businesses covered in the CIM are the olefins and derivatives, the aromatics and derivatives, linear alpha-olefins (LAOs), acetic acid, vinyl acetate monomer and nitriles. Not included are fabrics and fibres, plastic fabrications, poly alpha-olefins (PAOs), anhydrides, engineering polymers and carbon fibres, speciality intermediates, and the remaining parts of the solvents and acetyls businesses. 2003 data is provisional; the data for the year is based on 11 months of actual, and one month of provisional data.
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