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BP Strategy and fourth quarter 2005 results presentation - without Q and A session
BP's 4th quarter and full year results were released on Tuesday 07 February. This file is an audio recording of a webcast hosted by John Browne, Group CEO and his senior colleagues, during which BP's 2005 results and future strategy were discussed.
Forward-looking Statements
This presentation and the associated slides and discussion contain forward looking statements, particularly those regarding BP's asset portfolio and changes to it, acquisitions, capital expenditure, cash flow and cash generation, competitive position, costs and cost inflation, cost reduction plans, demand for oil and gas, divestments, dividends, finance cost and interest, free cash flow levels, future performance, gearing, growth, impact of inflation, margins, pension and benefit plan funding, prices, production capacity, production decline rates, productivity, resource additions, returns, share buybacks and other distributions to shareholders, tax rates and the effect of tax increases, and the progress and timing of projects. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ from those expressed in such statements, depending on a variety of factors, including the timing of bringing new fields on stream; future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; exchange rate fluctuations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this presentation.
Reconciliations to GAAP
This presentation also contains financial information which is not presented in accordance with generally accepted accounting principles (GAAP). A quantitative reconciliation of this information to the most directly comparable financial measure calculated and presented in accordance with GAAP can be found on our website at www.bp.com
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By BPBP's 4th quarter and full year results were released on Tuesday 07 February. This file is an audio recording of a webcast hosted by John Browne, Group CEO and his senior colleagues, during which BP's 2005 results and future strategy were discussed.
Forward-looking Statements
This presentation and the associated slides and discussion contain forward looking statements, particularly those regarding BP's asset portfolio and changes to it, acquisitions, capital expenditure, cash flow and cash generation, competitive position, costs and cost inflation, cost reduction plans, demand for oil and gas, divestments, dividends, finance cost and interest, free cash flow levels, future performance, gearing, growth, impact of inflation, margins, pension and benefit plan funding, prices, production capacity, production decline rates, productivity, resource additions, returns, share buybacks and other distributions to shareholders, tax rates and the effect of tax increases, and the progress and timing of projects. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ from those expressed in such statements, depending on a variety of factors, including the timing of bringing new fields on stream; future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; exchange rate fluctuations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this presentation.
Reconciliations to GAAP
This presentation also contains financial information which is not presented in accordance with generally accepted accounting principles (GAAP). A quantitative reconciliation of this information to the most directly comparable financial measure calculated and presented in accordance with GAAP can be found on our website at www.bp.com