v3.26.1
MASTER TRUST (Tables)
 12 Months Ended
Dec. 31, 2025
BP Employee Savings Plan (Plan No. 001)  
EBP, Master Trust [Line Items]  
Schedule of Master Trust Net Assets
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2025, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$637,686 $623,424 $1,880 $470 $11,688 $224 
Common/collective trust funds8,635,683 8,087,870 40,452 37,639 424,147 45,575 
BrokerageLink - self directed70,106 68,646 130 — 1,153 177 
Money market funds39,772 39,014 137 61 555 5 
Total investments at fair value9,383,247 8,818,954 42,599 38,170 437,543 45,981 
Benefit responsive investment contracts at contract value226,673 220,511 846 938 3,580 798 
Total investments9,609,920 9,039,465 43,445 39,108 441,123 46,779 
Receivables:
Dividends and interest1,953 1,909 7 5 30 2 
Total assets9,611,873 9,041,374 43,452 39,113 441,153 46,781 
Accounts payable:
Pending transactions, net2,435 2,599 — (88)(51)(25)
Accrued fees and other430 402 2 3 20 3 
Total liabilities2,865 3,001 2 (85)(31)(22)
Net assets$9,609,008 $9,038,373 $43,450 $39,198 $441,184 $46,803 
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2024, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$604,037 $591,764 $1,902 $367 $9,892 $112 
Common/collective trust funds7,818,385 7,367,068 33,464 35,545 349,799 32,509 
Money market funds38,306 37,491 133 59 617 6 
Total investments at fair value8,460,728 7,996,323 35,499 35,971 360,308 32,627 
Benefit responsive investment contracts at contract value244,874 238,765 1,032 924 3,105 1,048 
Total investments8,705,602 8,235,088 36,531 36,895 363,413 33,675 
Receivables:
Pending transactions
Dividends and interest2,095 2,048 8 4 32 3 
Total assets8,707,697 8,237,136 36,539 36,899 363,445 33,678 
Accounts payable:
Pending transactions, net441 477 12 (86)38 — 
Accrued fees and other619 598 1 2 16 2 
Total liabilities1,060 1,075 13 (84)54 2 
Net assets$8,706,637 $8,236,061 $36,526 $36,983 $363,391 $33,676 
The changes in net assets of the Master Trust for the year ended December 31, 2025, are as follows:

CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2025
thousands of dollars
Additions of assets attributed to:
Transfer of assets from participating plans:
Participant contributions$232,490 
Company contributions149,609 
Rollover contributions38,619 
Repayments of notes receivable and interest from participants25,170 
Net appreciation in fair value of investments1,411,156 
Interest, dividends and other62,614 
Transfer In2,538 
Total additions1,922,196 
Deductions of assets attributed to:
Transfer of assets to participating plans:
Benefits paid to participants993,140 
Notes receivable from participants23,566 
Administrative expenses914 
Fund management fees2,205 
Total deductions1,019,825 
Net increase in assets during year902,371 
Net Assets:
Beginning of year8,706,637 
End of year$9,609,008 
BP Partnership Savings Plan (Plan No. 051)  
EBP, Master Trust [Line Items]  
Schedule of Master Trust Net Assets
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2025, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$637,686 $623,424 $1,880 $470 $11,688 $224 
Common/collective trust funds8,635,683 8,087,870 40,452 37,639 424,147 45,575 
BrokerageLink - self directed70,106 68,646 130 — 1,153 177 
Money market funds39,772 39,014 137 61 555 5 
Total investments at fair value9,383,247 8,818,954 42,599 38,170 437,543 45,981 
Benefit responsive investment contracts at contract value226,673 220,511 846 938 3,580 798 
Total investments9,609,920 9,039,465 43,445 39,108 441,123 46,779 
Receivables:
Dividends and interest1,953 1,909 7 5 30 2 
Total assets9,611,873 9,041,374 43,452 39,113 441,153 46,781 
Accounts payable:
Pending transactions, net2,435 2,599 — (88)(51)(25)
Accrued fees and other430 402 2 3 20 3 
Total liabilities2,865 3,001 2 (85)(31)(22)
Net assets$9,609,008 $9,038,373 $43,450 $39,198 $441,184 $46,803 
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2024, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$604,037 $591,764 $1,902 $367 $9,892 $112 
Common/collective trust funds7,818,385 7,367,068 33,464 35,545 349,799 32,509 
Money market funds38,306 37,491 133 59 617 6 
Total investments at fair value8,460,728 7,996,323 35,499 35,971 360,308 32,627 
Benefit responsive investment contracts at contract value244,874 238,765 1,032 924 3,105 1,048 
Total investments8,705,602 8,235,088 36,531 36,895 363,413 33,675 
Receivables:
Pending transactions
Dividends and interest2,095 2,048 8 4 32 3 
Total assets8,707,697 8,237,136 36,539 36,899 363,445 33,678 
Accounts payable:
Pending transactions, net441 477 12 (86)38 — 
Accrued fees and other619 598 1 2 16 2 
Total liabilities1,060 1,075 13 (84)54 2 
Net assets$8,706,637 $8,236,061 $36,526 $36,983 $363,391 $33,676 
The changes in net assets of the Master Trust for the year ended December 31, 2025, are as follows:

CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2025
thousands of dollars
Additions of assets attributed to:
Transfer of assets from participating plans:
Participant contributions$232,490 
Company contributions149,609 
Rollover contributions38,619 
Repayments of notes receivable and interest from participants25,170 
Net appreciation in fair value of investments1,411,156 
Interest, dividends and other62,614 
Transfer In2,538 
Total additions1,922,196 
Deductions of assets attributed to:
Transfer of assets to participating plans:
Benefits paid to participants993,140 
Notes receivable from participants23,566 
Administrative expenses914 
Fund management fees2,205 
Total deductions1,019,825 
Net increase in assets during year902,371 
Net Assets:
Beginning of year8,706,637 
End of year$9,609,008 
BP DirectSave Plan (Plan No. 052)  
EBP, Master Trust [Line Items]  
Schedule of Master Trust Net Assets
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2025, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$637,686 $623,424 $1,880 $470 $11,688 $224 
Common/collective trust funds8,635,683 8,087,870 40,452 37,639 424,147 45,575 
BrokerageLink - self directed70,106 68,646 130 — 1,153 177 
Money market funds39,772 39,014 137 61 555 5 
Total investments at fair value9,383,247 8,818,954 42,599 38,170 437,543 45,981 
Benefit responsive investment contracts at contract value226,673 220,511 846 938 3,580 798 
Total investments9,609,920 9,039,465 43,445 39,108 441,123 46,779 
Receivables:
Dividends and interest1,953 1,909 7 5 30 2 
Total assets9,611,873 9,041,374 43,452 39,113 441,153 46,781 
Accounts payable:
Pending transactions, net2,435 2,599 — (88)(51)(25)
Accrued fees and other430 402 2 3 20 3 
Total liabilities2,865 3,001 2 (85)(31)(22)
Net assets$9,609,008 $9,038,373 $43,450 $39,198 $441,184 $46,803 
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2024, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$604,037 $591,764 $1,902 $367 $9,892 $112 
Common/collective trust funds7,818,385 7,367,068 33,464 35,545 349,799 32,509 
Money market funds38,306 37,491 133 59 617 6 
Total investments at fair value8,460,728 7,996,323 35,499 35,971 360,308 32,627 
Benefit responsive investment contracts at contract value244,874 238,765 1,032 924 3,105 1,048 
Total investments8,705,602 8,235,088 36,531 36,895 363,413 33,675 
Receivables:
Pending transactions
Dividends and interest2,095 2,048 8 4 32 3 
Total assets8,707,697 8,237,136 36,539 36,899 363,445 33,678 
Accounts payable:
Pending transactions, net441 477 12 (86)38 — 
Accrued fees and other619 598 1 2 16 2 
Total liabilities1,060 1,075 13 (84)54 2 
Net assets$8,706,637 $8,236,061 $36,526 $36,983 $363,391 $33,676 
The changes in net assets of the Master Trust for the year ended December 31, 2025, are as follows:

CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2025
thousands of dollars
Additions of assets attributed to:
Transfer of assets from participating plans:
Participant contributions$232,490 
Company contributions149,609 
Rollover contributions38,619 
Repayments of notes receivable and interest from participants25,170 
Net appreciation in fair value of investments1,411,156 
Interest, dividends and other62,614 
Transfer In2,538 
Total additions1,922,196 
Deductions of assets attributed to:
Transfer of assets to participating plans:
Benefits paid to participants993,140 
Notes receivable from participants23,566 
Administrative expenses914 
Fund management fees2,205 
Total deductions1,019,825 
Net increase in assets during year902,371 
Net Assets:
Beginning of year8,706,637 
End of year$9,609,008 
BPX Energy Employee Savings Plan (Plan No. 100)  
EBP, Master Trust [Line Items]  
Schedule of Master Trust Net Assets
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2025, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$637,686 $623,424 $1,880 $470 $11,688 $224 
Common/collective trust funds8,635,683 8,087,870 40,452 37,639 424,147 45,575 
BrokerageLink - self directed70,106 68,646 130 — 1,153 177 
Money market funds39,772 39,014 137 61 555 5 
Total investments at fair value9,383,247 8,818,954 42,599 38,170 437,543 45,981 
Benefit responsive investment contracts at contract value226,673 220,511 846 938 3,580 798 
Total investments9,609,920 9,039,465 43,445 39,108 441,123 46,779 
Receivables:
Dividends and interest1,953 1,909 7 5 30 2 
Total assets9,611,873 9,041,374 43,452 39,113 441,153 46,781 
Accounts payable:
Pending transactions, net2,435 2,599 — (88)(51)(25)
Accrued fees and other430 402 2 3 20 3 
Total liabilities2,865 3,001 2 (85)(31)(22)
Net assets$9,609,008 $9,038,373 $43,450 $39,198 $441,184 $46,803 
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2024, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$604,037 $591,764 $1,902 $367 $9,892 $112 
Common/collective trust funds7,818,385 7,367,068 33,464 35,545 349,799 32,509 
Money market funds38,306 37,491 133 59 617 6 
Total investments at fair value8,460,728 7,996,323 35,499 35,971 360,308 32,627 
Benefit responsive investment contracts at contract value244,874 238,765 1,032 924 3,105 1,048 
Total investments8,705,602 8,235,088 36,531 36,895 363,413 33,675 
Receivables:
Pending transactions
Dividends and interest2,095 2,048 8 4 32 3 
Total assets8,707,697 8,237,136 36,539 36,899 363,445 33,678 
Accounts payable:
Pending transactions, net441 477 12 (86)38 — 
Accrued fees and other619 598 1 2 16 2 
Total liabilities1,060 1,075 13 (84)54 2 
Net assets$8,706,637 $8,236,061 $36,526 $36,983 $363,391 $33,676 
The changes in net assets of the Master Trust for the year ended December 31, 2025, are as follows:

CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2025
thousands of dollars
Additions of assets attributed to:
Transfer of assets from participating plans:
Participant contributions$232,490 
Company contributions149,609 
Rollover contributions38,619 
Repayments of notes receivable and interest from participants25,170 
Net appreciation in fair value of investments1,411,156 
Interest, dividends and other62,614 
Transfer In2,538 
Total additions1,922,196 
Deductions of assets attributed to:
Transfer of assets to participating plans:
Benefits paid to participants993,140 
Notes receivable from participants23,566 
Administrative expenses914 
Fund management fees2,205 
Total deductions1,019,825 
Net increase in assets during year902,371 
Net Assets:
Beginning of year8,706,637 
End of year$9,609,008 
Archaea Employee Savings Plan (Plan No. 101)  
EBP, Master Trust [Line Items]  
Schedule of Master Trust Net Assets
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2025, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$637,686 $623,424 $1,880 $470 $11,688 $224 
Common/collective trust funds8,635,683 8,087,870 40,452 37,639 424,147 45,575 
BrokerageLink - self directed70,106 68,646 130 — 1,153 177 
Money market funds39,772 39,014 137 61 555 5 
Total investments at fair value9,383,247 8,818,954 42,599 38,170 437,543 45,981 
Benefit responsive investment contracts at contract value226,673 220,511 846 938 3,580 798 
Total investments9,609,920 9,039,465 43,445 39,108 441,123 46,779 
Receivables:
Dividends and interest1,953 1,909 7 5 30 2 
Total assets9,611,873 9,041,374 43,452 39,113 441,153 46,781 
Accounts payable:
Pending transactions, net2,435 2,599 — (88)(51)(25)
Accrued fees and other430 402 2 3 20 3 
Total liabilities2,865 3,001 2 (85)(31)(22)
Net assets$9,609,008 $9,038,373 $43,450 $39,198 $441,184 $46,803 
The net assets of the Master Trust and the Plans' interest in the Master Trust as of December 31, 2024, are as follows:
NET ASSETS
thousands of dollars
Master TrustESP's Interest in Master TrustPSP's Interest in Master TrustDSP's Interest in Master TrustBPX's Interest in Master TrustAESP's Interest in Master Trust
Investments at fair value:
BP ADS$604,037 $591,764 $1,902 $367 $9,892 $112 
Common/collective trust funds7,818,385 7,367,068 33,464 35,545 349,799 32,509 
Money market funds38,306 37,491 133 59 617 6 
Total investments at fair value8,460,728 7,996,323 35,499 35,971 360,308 32,627 
Benefit responsive investment contracts at contract value244,874 238,765 1,032 924 3,105 1,048 
Total investments8,705,602 8,235,088 36,531 36,895 363,413 33,675 
Receivables:
Pending transactions
Dividends and interest2,095 2,048 8 4 32 3 
Total assets8,707,697 8,237,136 36,539 36,899 363,445 33,678 
Accounts payable:
Pending transactions, net441 477 12 (86)38 — 
Accrued fees and other619 598 1 2 16 2 
Total liabilities1,060 1,075 13 (84)54 2 
Net assets$8,706,637 $8,236,061 $36,526 $36,983 $363,391 $33,676 
The changes in net assets of the Master Trust for the year ended December 31, 2025, are as follows:

CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2025
thousands of dollars
Additions of assets attributed to:
Transfer of assets from participating plans:
Participant contributions$232,490 
Company contributions149,609 
Rollover contributions38,619 
Repayments of notes receivable and interest from participants25,170 
Net appreciation in fair value of investments1,411,156 
Interest, dividends and other62,614 
Transfer In2,538 
Total additions1,922,196 
Deductions of assets attributed to:
Transfer of assets to participating plans:
Benefits paid to participants993,140 
Notes receivable from participants23,566 
Administrative expenses914 
Fund management fees2,205 
Total deductions1,019,825 
Net increase in assets during year902,371 
Net Assets:
Beginning of year8,706,637 
End of year$9,609,008