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BP first quarter 2006 results presentation

06-07-2016

BP's 1st quarter results were released on Tuesday 25 April 2006. This file is an audio recording of a webcast hosted by Byron Grote, Chief Financial Officer and Fergus MacLeod, Head of Investor relations, during which BP's 1Q results were discussed. Forward-looking Statements Cautionary Statement This presentation and the associated slides and discussion contain forward looking statements, particularly those regarding the expected pick-up of production growth in 2006 as a result of the expected restoration of hurricane losses and projects coming on stream; production for 2006; throughput at the Texas City refinery and the timing of the realization of that site’s full potential; the first lifting of oil from the BTC pipeline and the start up of the Thunder Horse project; the expected level of power generation from the planned power plant at the Carson refinery; the expected effect of the increase in the UK North Sea tax rate; the expected full year effective tax rate; gearing; and levels of share buy backs. 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. For more information you should refer to BP Annual Report and Accounts 2005 and our 2004 Annual Report on Form 20-F filed with the US Securities and Exchange Commission. 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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Filetype: MP3 - Size: 12.11MB - Duration: 13:14 m (128 kbps 44100 Hz)