EX-7 4 u50124exv7.htm EXHIBIT 7 exv7
 

EXHIBIT 7
BP p.l.c. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
           
    Year ended
    December 31,
    2005
 
    ($ million,
    except ratios)
Profit before taxation
     31,421  
Group’s share of income in excess of dividends from joint ventures and associated undertakings
     (710 )
Capitalized interest, net of amortization
     (193 )
 
Profit as adjusted
     30,518  
 
Fixed charges
        
 
Interest expense
     559  
 
Rental expense representative of interest
     605  
 
Capitalized interest
     351  
 
      1,515  
 
Total adjusted earnings available for payment of fixed charges
     32,033  
 
Ratio of earnings to fixed charges
     21.1  
 
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)
     30,550  
 
Ratio of earnings to fixed charges with adjustments to accord with US GAAP
     20.0  
 
 
(a) See Note 55 of Notes to Financial Statements.

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