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EXHIBIT 7

BP p.l.c. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)

		Year ended December 31, 2004
		($ million)
Profit before taxation		24,243
Group's share of income in excess of dividends from joint ventures and associated undertakings		992
Capitalized interest		208
Profit as adjusted		23,043
Fixed charges
	Group interest expense	436
	Rental expense representative of interest	619
	Capitalized interest	208
		1,263
Total adjusted earnings available for payment of fixed charges		24,306
Ratio of earnings to fixed charges		19.2
Total adjusted earnings available for payment of fixed charges, after taking account of adjustments to profit before taxation to accord with US GAAP		24,099
Ratio of earnings to fixed charges with adjustments to accord with US GAAP		19.1

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EXHIBIT 7

BP p.l.c. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)