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

 

 

 

Year ended

December 31, 2005

($ million, except ratios)

(Unaudited)

 

 

 

Profit before taxation

31,921 

 

 

 

 

Group’s share of income in excess of dividends

of joint ventures and associated undertakings


(710)

 

 

 

 

Capitalized interest

(351)

 

 

 

 

Profit as adjusted

30,860 

 

 

 

 

Fixed charges:

 

 

 

 

 

Interest net of interest expense of joint ventures and associated undertakings

559 

 

Rental expense representative of interest

605 

 

Capitalized interest

351 

 

 

1,515 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

32,375 

 

 

 

 

Ratio of earnings to fixed charges

21.4 

 

 

 

 

Fixed charges, as adjusted to accord with US GAAP

1,525 

 

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

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


30,892 

 

 

 

 

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

20.3 

 

_______________

 

(a)

See Note 17 of Notes to Consolidated Financial Statements.