Global Indicator Refining Margin BP Average
This bar chart shows the Global Indicator Refining Margin BP Average
Units | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Indicator Refining Margin BP Average (f) | $/bbl | 4.89 | 8.28 | 6.39 | 5.69 | 5.94 | 8.42 | 12.35 | 7.60 | 6.28 | 12.59 | 8.40 | 6.30 | 9.45 | 16.66 | 8.05 | 5.68 | 4.57 | 8.19 | 8.03 |
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.
(f) The Global Indicator Refining Margin (GIM) is the average of six regional indicator margins weighted for BP's crude oil refining capacity in each region. Each regional indicator margin is based on a single representative crude oil with product yields characteristic of the typical level of upgrading complexity. The regional indicator margins may not be representative of the margins achieved by BP in any period because of BP's particular refinery configurations and crude and product slate. The GIM data shown above excludes the Grangemouth and Lavéra refineries.
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