London

BP Expects 2Q Output to Rise 3.5%

BP plc on Tuesday estimated 2Q2005 oil and natural gas production will be about 4.101 MMboe/d, flat sequentially, but up about 3.5% from the 3.971 MMboe/d reported for the same period a year ago. The London-based major reiterated that its average full-year production is expected to range between 4.1 and 4.2 MMboe/d.

July 6, 2005

Shell Updates Guidelines on Booking Reserves

Eighteen months after a reserves accounting scandal rocked Royal Dutch/Shell Group, the London-based major on Thursday published updated internal rules on how it will book oil and natural gas reserves in the future. The 42-page report is designed to meet Securities and Exchange Commission (SEC) guidelines.

June 13, 2005

Shell Issues Updated Guidelines on Booking Reserves

Eighteen months after a reserves accounting scandal rocked Royal Dutch/Shell Group, the London-based major on Thursday published updated internal rules on how it will book oil and natural gas reserves in the future. The 42-page report is designed to meet Securities and Exchange Commission (SEC) guidelines.

June 10, 2005

E&P Drives BP’s Rise in Earnings, North American Gas Sales

BP plc’s strong exploration and production (E&P) earnings drove 4Q2004 earnings, with the London-based major reporting profit up 80% over a year earlier. Oil and natural gas production was up more than 4%, reflecting the ramp-up from new Gulf of Mexico wells and overseas investments.

February 14, 2005

E&P Drives BP’s Rise in Earnings, North American Gas Sales

BP plc’s strong exploration and production (E&P) earnings drove 4Q2004 earnings, with the London-based major reporting profit up 80% over a year earlier. Oil and natural gas production was up more than 4%, reflecting the ramp-up from new Gulf of Mexico wells and overseas investments.

February 9, 2005

BP, Sempra Lead Gas Marketing Survey Once Again

Make it eight quarters in a row for BP plc to reign as the top North American natural gas marketer. The London-based oil major once again surpassed competition in NGI’s 3Q2004 wholesale gas marketing survey, a lead that hasn’t changed since BP overtook Mirant, which held the top spot in 3Q2002.

December 27, 2004

BP, Sempra Lead Gas Marketing Survey Once Again

Make it eight quarters in a row for BP plc to reign as the top North American natural gas marketer. The London-based oil major once again surpassed competition in NGI’s 3Q2004 wholesale gas marketing survey, a lead that hasn’t changed since BP overtook Mirant, which held the top spot in 3Q2002.

December 22, 2004

Study Finds BP Leads in Reserves Replacement, F&D Costs, E&P Returns

For the fourth year in a row, London-based BP plc topped the rankings for the leading oil and natural gas companies and also was a leader in reserves replacement, according to a study by Prudential Equity Group. Prudential studied eight majors’ year-end reports between 1999 and 2003, analyzing production income, earnings quality, reserve replacement ratios, finding and development costs, future net cash flow and the return on exploration and production (E&P) activities.

November 15, 2004

Study Finds BP Leads in Reserves Replacement, F&D Costs, E&P Returns

For the fourth year in a row, London-based BP plc topped the rankings for the leading oil and natural gas companies and also was a leader in reserves replacement, according to a study by Prudential Equity Group. Prudential studied eight majors’ year-end reports between 1999 and 2003, analyzing production income, earnings quality, reserve replacement ratios, finding and development costs, future net cash flow and the return on exploration and production (E&P) activities.

November 12, 2004

Study Finds BP Leads in Reserves Replacement, F&D Costs, E&P Returns

For the fourth year in a row, London-based BP plc topped the rankings for the leading oil and natural gas companies and also was a leader in reserves replacement, according to a study by Prudential Equity Group. Prudential studied eight majors’ year-end reports between 1999 and 2003, analyzing production income, earnings quality, reserve replacement ratios, finding and development costs, future net cash flow and the return on exploration and production (E&P) activities.

November 12, 2004