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BP Refining and FVC’s

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BP’s refineries are core to our integrated Fuels Value Chains

ToledoCarson

Cherry Point

Kwinana Bulwer

Whiting

Sapref

NZRC

100% BP Refinery 2.2 MBD

JV Refinery 0.5 MBD

TNK-BP Refinery 0.4 MBD

Technology centres

Texas City

Saratov

Nizhnevartovsk

RyazanLINOS

Krasnoleninsk

Yaroslavl

BP is the 5th largest refiner in the world

Castellon

PCK SchwedtRotterdam Lingen

GelsenkirchenMIRO

BayernOil

Naperville

Sunbury

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2.37 mbd

Crude to Products - Value Chain for BP

Pipelines / logistics

Shipping /

pipelines

Terminals Trucking RetailRefiningProduction

2.47 mbd (utilise 91%)

3.45 mbd

crude purchases 1.76 mbd

Production Marketing salesRefining

crude sales 1.66 mbd

product purchases 3.45 mbd

volume expansion0.05 mbd

fuel/loss/components 0.50 mbd

3rd party product sales

2.48 mbd

Source: BP Financial & Operating Information 2006-10

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Refining Refining

PetrochemicalsPetrochemicals

ProductsProducts

Ground Fuels& Services

Aviation Fuels

Heating Fuels

Bitumen / Coke

Lubricants

Petrochemicals

MarketingMarketing

Oil & Gas

TradingTrading

Our strategy is to build integrated supply chains

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BP are experts in clean fuels production

The World’s Cleanest Fuels

• BP has years of experience in producing fuels to the world’s tightest specifications (Californian gasoline and German diesel). We have expertise in:

− How to design and operate a clean fuels refinery

− How to manage a clean fuels refinery through a major turnaround

− How to blend clean fuels with minimal quality giveaway

− How to analyse, certify, and transport clean fuels to the customer

• Typical quality of CARBOB gasoline produced by our Carson refinery in California:

• Gelsenkirchen diesel quality:

Grade Season RON MONRVP(psi)

Sulfur(ppmw)

Benzene(vol%)

Olefins(vol%)

summer 93.5 85.7 5.70 15 0.63 7.3

winter 93.6 85.7 10.57 17 0.66 6.4

summer 88.5 81.7 5.77 14 0.69 6.5

winter 88.3 81.8 10.32 17 0.71 6.6

Premium

Regular

DieselSulfur

(ppmw)Cetanenumber

Regular 10 51.0Ultimate 5 56.2

Density(kg/m3)

820 - 845830 - 840

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BP are experts in low emissions manufacturing

The World’s Cleanest Refineries

• Many of our refineries operate under very strict

environmental regulations, which means that we must

tightly control:

− All air emissions such as NOx, SOx, particulates, VOC’s

− All water emissions

− All toxic and solid waste

• Many of our other refineries follow the same

procedures and apply the same technologies.

• Achieving lower GHG emissions is one of the benefits

of greater energy efficiency

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88

90

92

94

96

98

100

2000 2002 2004 2006 2008 2010

BP has a long track record of energy efficient operations

Source: Solomon Associates. ‘BP’ is defined as all BP refineries excluding TNK-BP and Texas City. ‘Industry’ is defined as all participants in the Solomon surveys from US, Western Europe and Australia

Our refineries are some of the most energy efficient in the industry

BP’s Energy Performance vs Industry Average

EII

BP

Industry

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Putting Safety and Operational Risk management at the heart of BP

• Resetting the focus on safe, reliable operating activity to achieve long term value creation

• Leadership priorities− Process safety and operating risk reduction− Embedding BP’s Operating Management System (OMS)

o Consistent and systematic operating rigour− Competency, capability and safety culture

• Rebasing performance management and reward− Focus on priorities, foundation for long term performance

• New Safety and Operational Risk organization (S&OR)− Head of S&OR is member of Executive Team − Strengthen central standards setting and auditing− Deployed into the operating line

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BP Refining in China

• BP is looking at opportunities to develop a refining presence in China.

• China’s oil refining industry continues to grow at a rapid pace:

− China’s oil consumption will overtake the US to become the world’s largest consumer by 2030 (BP Energy Outlook).

− China’s policy (self-sufficient) implies the need for additional 20 world scale refineries (20 x 20 mtpa) by 2030.

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MTP Plant

Texas City, USCastellon, Spain

Cherry Point, US Bulwer, Australia

Refinery Pictures

Gelsenkirchen, Germany