EX-1 2 exhibit.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 1

 

BP p.l.c. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Nine months ended

September 30, 2005

($ million, except ratios)

(Unaudited)

 

 

 

Profit before taxation

26,558 

 

 

 

 

Group’s share of income in excess of dividends

of joint ventures and associated undertakings


(586)

 

 

 

 

Capitalized interest

(245)

 

 

 

 

Profit as adjusted

25,727 

 

 

 

 

Fixed charges:

 

 

 

 

 

Interest net of interest expense of joint ventures and associated undertakings

387 

 

Rental expense representative of interest

445 

 

Capitalized interest

245 

 

 

1,077 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

26,804 

 

 

 

 

Ratio of earnings to fixed charges

24.9 

 

 

 

 

Fixed charges, as adjusted to accord with US GAAP

1,087 

 

Total adjusted earnings available for payment of fixed charges, after taking

account of adjustments to profit before taxation to accord with US GAAP (a)


24,345 

 

 

 

 

Ratio of earnings to fixed charges with adjustments to accord with US GAAP

22.4 

 

_______________

 

(a)            See Note 16 of Notes to Consolidated Financial Statements.

 

 

 

 

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