WELCOME TO BP

IU Scoops Session

January 20, 2005

What we’ll talk about today…

• Facts & Information Regarding BP

• Integrated Supply & Trading Business Unit

• The IST – Oil Americas Challenger Program

• Q&A

Our aspiration

“to be numbered amongst the world’s great companies

when evaluated on financial returns and growth, being a great place to work and building a positive

relationship with society.

“to make it possible for people all over the world to enjoy the benefits of our products and services without endangering the natural environment.”

- Statement of Strategy, October 2002

Who we are

BP is an oil, gas, petrochemicals and renewables company

104,000 employees*

Operations on 6 continents and in over 100 countries

Market capitalization of $ 196.5 billion*

Annual Revenues of $233 billion*

Largest oil company and 2nd largest company in the world in terms of revenue(2004 Fortune Global 500)

In terms of social responsibility: BP is 3rd worldwide*(Data as of Dec 2003)

Some Interesting facts …….

Over 27,800 service stations worldwide (More than McDonalds)

Serving 13 million customers everyday (More than Yahoo)

Where we come from

                                                                                     

                

TNK - BP

Where our people are located

Latin America & Caribbean2,800

NorthAmerica42,800

Africa4,700

Europe45,200

Asia &Australasia12,000

Middle East,Caspian & Russia2,500 (+TNK BP)

What we do

exploration & production

refining & marketing

gas, power & renewables

petrochemicals

business segments

How our business operates

Integrated Supply and Trading (IST)

What is IST?

“Born” July 1, 2001, brings together all supply and trading functions

Coordinates information exchange between streams

Provides ‘one face’ to the market

Integ

rate

dS

up

ply

&

Markets BP’s equity production

Originates third-party supply

Optimizes the flows between production, refining & processing, and marketing

Tra

din

g

Mitigates price volatility risk

Uses information from assets to dynamically hedge

Develops deep relationships with third parties

What IST does

IST’s 2,500 employees interact with 95% of the Business Units in BP,

acting as a hub for information and maximizing

asset value

Assets+

Worldwide Presence

+Systems

+Relationships$

How IST Works

IST “Trading Ring” Integrated PositionsTeam based trading & incentivesOpen communication across “books”and locationsCombinations of asset and speculativetrading in a single team

Houston &Chicago

Singapore

London

24 HourGlobal

Trading

Other Major OfficesLong BeachCalgaryMoscowCape TownDubai

HumanCapital

And many other offices across the globe

IST Challenge Program

Program Overview

3 positions over 3 years

Opportunities to change location

-La Palma, CA and Houston, TX

Variety of roles

Based on personal development & business needs

Rotations

Training programs: BP & external

Networking opportunities with fellow employees

Mentors assigned to provide guidance

Other Opportunities for Learning

Purpose of the program:

Acceleration of skills development

Exposure to different business areas

Broad networking

Develop new internal pool of talent

Grow and enhance our group’s performance

Diversify workplace: infuse new ideas

Personal Development Business Needs

How it works:

IST-Commercial Challenge Opportunities

Types of Positions Available

Rotation opportunities include:

Analytical, Operational or Project rolesExample Jobs

Chartering Specialist

Trading Analyst

Risk Analyst

Process Support Analyst

Scheduler

Supply Specialist

Contract Specialist

IST-Finance & Accounting Challenge Opportunities

Types of Positions Available

Example Jobs

Trading Control (MI/MA) Analyst

Financial Accounts Analyst

Financial Operations Analyst

Inventory Analyst

Various roles in finance, control, and accounting

Why is IST Challenge Unique?

Real jobs; real opportunities

No pre-defined tracks: You have input

Reasonable hours and expectations

Great jobs waiting at completion

Hiring Process

•Campus Interviewing in October

• Final interviews at BP Chicago offices in November

• Offers extended the following week

• Decision date by early December

Spring Semester 2005

Trading Simulation February 23, 2005

Bid via UCSO website

Real world, real time, real experience

Z302 Case Competition

• Career Services Office

• Contact us

•BP-IST TRADING SIMULATION

•FEBRUARY 23, 2005

•1-3pm or 5:30-8pm

•Trade Real Time Markets

•Trade Through Brokers and Counterparties

•State of the Art Technology

•Have Fun, Network, Win Prizes

•See the BPO and CSJ for more information

QUESTIONS ?