BP Lubricants Full-Year Report 2023

We deliver energy products and services to our customers around the world, and we plan to do so increasingly in ways that we believe will help drive the transition to a lower carbon future.

We have operations in Europe, North and South America, Australasia, Asia and Africa.

• $60.7bn adjusted EBITDA*
• ~21% dividend growth since 4Q21 *
• $11.25bn share buybacks
• $(1.4)bn loss for the year
• 30.5% ROACE*
• $21.4bn net debt*
• $40.9bn operating cash flow*
• (3.0)% attributable to bp shareholders divided by total equity
• $46.9bn finance debt

a) 4Q 2022 vs 4Q 2021 growth in dividend per ordinary share.

b) Share buybacks announced from 2022 surplus cash flow (*)