EXHIBIT 7
BP p.l.c. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| | | | | | |
| | | Year ended | |
| | | December 31, | |
| | | 2005 | |
| | |
| | | ($ million, | |
| | | except ratios) | |
| Profit before taxation | | | 31,421 | |
| Group’s share of income in excess of dividends from joint ventures and associated undertakings | | | (710 | ) |
| Capitalized interest, net of amortization | | | (193 | ) |
| |
| Profit as adjusted | | | 30,518 | |
| |
| Fixed charges | | | | |
| | Interest expense | | | 559 | |
| | Rental expense representative of interest | | | 605 | |
| | Capitalized interest | | | 351 | |
| |
| | | | 1,515 | |
| |
| Total adjusted earnings available for payment of fixed charges | | | 32,033 | |
| |
| Ratio of earnings to fixed charges | | | 21.1 | |
| |
| Fixed charges, as adjusted to accord with US GAAP | | | 1,525 | |
| |
| Total adjusted earnings available for payment of fixed charges, after taking account of adjustments to profit before taxation to accord with US GAAP (a) | | | 30,550 | |
| |
| Ratio of earnings to fixed charges with adjustments to accord with US GAAP | | | 20.0 | |
| |
| | |
| (a) | | See Note 55 of Notes to Financial Statements. |
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