EX-7 4 computation.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 7 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
Year ended December 31, 2001 ------------ ($ million) Profit before taxation............................................... 13,100 BP's share of income in excess of dividends from joint ventures and associated undertakings............................................ (357) Capitalized interest................................................. (81) ------------ Profit as adjusted................................................... 12,662 ============ Fixed charges Interest net of interest expense of joint ventures and associated undertakings and unwinding of discount and change in discount rate for provisions............................................ 1,227 Rental expense representative of interest.......................... 415 Capitalized interest............................................... 81 ------------ 1,723 ============ Total adjusted earnings available for payment of fixed charges....... 14,385 ============ Ratio of earnings to fixed charges................................... 8.3 ============ Total adjusted earnings available for payment of fixed charges, after taking account of adjustments to profit before taxation to accord with US GAAP............................................ 11,277 ============ Ratio of earnings to fixed charges with adjustments to accord with US GAAP............................................ 6.5 ============