REG - BP PLC - 1Q17 Part 1 of 1 <Origin Href="QuoteRef">BP.L</Origin> - Part 4

BPAnnouncement

02/05/2017 07:07

- Part 4: For the preceding part double click  ID:nRSB7975Dc 

'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 (the
'PSLRA'), BP is providing the following cautionary statement: The discussion in this results announcement contains certain
forecasts, projections and forward-looking statements - that is, statements related to future, not past events - with
respect to the financial condition, results of operations and businesses of BP and certain of the plans and objectives of
BP with respect to these items. These statements may generally, but not always, be identified by the use of words such as
'will', 'expects', 'is expected to', 'aims', 'should', 'may', 'objective', 'is likely to', 'intends', 'believes',
'anticipates', 'plans', 'we see' or similar expressions. In particular, among other statements, expectations regarding the
expected quarterly dividend payment and timing of such payment; expectations regarding 2017 operating cash flow, organic
capital expenditure, gearing, and divestment proceeds and the timing thereof; expectations regarding Upstream 2017
underlying production and second-quarter 2017 reported production; expectations regarding Downstream second-quarter 2017
refining margins and turnaround activity; plans and expectations with respect to the start-up of new Upstream projects;
expectations with respect to new Upstream production though 2020; plans and expectations regarding development of
Downstream markets in Mexico and Indonesia; intention to divest BP's shareholding in SECCO; expectations regarding Rosneft
dividends for 2016 and Rosneft operational and financial information for the first quarter of 2017; expectations with
respect to the price of Rosneft's acquisition of the Kondaneft project; expectations with respect to the timing and amount
of future payments relating to the Gulf of Mexico oil spill; and expectations that claims arising under the 2012 PSC
settlement will be substantially paid in 2017; are all forward looking in nature.  By their nature, forward-looking
statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in
the future and are outside the control of BP. Actual results may differ materially from those expressed in such statements,
depending on a variety of factors, including: the specific factors identified in the discussions accompanying such
forward-looking statements; the receipt of relevant third party and/or regulatory approvals; the timing and level of
maintenance and/or turnaround activity; the timing and volume of refinery additions and outages; the timing of bringing new
fields onstream; the timing, quantum and nature of certain divestments; future levels of industry product supply, demand
and pricing, including supply growth in North America; OPEC quota restrictions; PSA effects; operational and safety
problems; potential lapses in product quality; economic and financial market conditions generally or in various countries
and regions; political stability and economic growth in relevant areas of the world; changes in laws and governmental
regulations; regulatory or legal actions including the types of enforcement action pursued and the nature of remedies
sought or imposed; the actions of prosecutors, regulatory authorities and courts; delays in the processes for resolving
claims; exchange rate fluctuations; development and use of new technology; recruitment and retention of a skilled
workforce; the success or otherwise of partnering; the actions of competitors, trading partners, contractors,
subcontractors, creditors, rating agencies and others; our access to future credit resources; business disruption and
crisis management; the impact on our reputation of ethical misconduct and non-compliance with regulatory obligations;
trading losses; major uninsured losses; decisions by Rosneft's management and board of directors; the actions of
contractors; natural disasters and adverse weather conditions; changes in public expectations and other changes to business
conditions; wars and acts of terrorism; cyber-attacks or sabotage; and other factors discussed under "Risk factors" in BP
Annual Report and Form 20-F 2016 as filed with the US Securities and Exchange Commission. 
 
 Contacts            
                     London               Houston          
                                                           
 Press Office        David Nicholas       Brett Clanton    
                     +44 (0)20 7496 4708  +1 281 366 8346  
                                                           
 Investor Relations  Jessica Mitchell     Craig Marshall   
 bp.com/investors    +44 (0)20 7496 4962  +1 281 892 4312  
 
 
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The company news service from the London Stock Exchange