RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| BP Employee Savings Plan (Plan No. 001) |
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| EBP, Reconciliation of Financial Statement to Form 5500 [Line Items] |
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| EBP, Reconciliation of Financial Statement to Form 5500 |
The following is a reconciliation of the Plans’ net assets available for benefits per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 9,080,058 | | $ | 43,638 | | $ | 40,197 | | $ | 444,871 | | $ | 48,382 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Net assets available for benefits as stated in the Form 5500 | $ | 9,072,662 | | $ | 43,610 | | $ | 40,166 | | $ | 444,751 | | $ | 48,355 | | | | | | | | | December 31, 2024 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 8,279,147 | | $ | 36,704 | | $ | 37,965 | | $ | 366,524 | | $ | 34,568 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (15,484) | | (66) | | (60) | | (201) | | (68) | | | Net assets available for benefits as stated in the Form 5500 | $ | 8,263,663 | | $ | 36,638 | | $ | 37,905 | | $ | 366,323 | | $ | 34,500 | |
The following is a reconciliation of the Plans’ net increase in net assets per the financial statements to the net income per the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net increase in net assets after transfer per the financial statements | $ | 800,911 | | $ | 6,934 | | $ | 2,232 | | $ | 78,347 | | $ | 13,814 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2025 | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2024 | 15,484 | | 66 | | 60 | | 201 | | 68 | | | Net increase after transfer per the Form 5500 | $ | 808,999 | | $ | 6,972 | | $ | 2,261 | | $ | 78,428 | | $ | 13,855 | |
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Benefits paid to participants per the financial statements | $ | 941,744 | | $ | 5,466 | | $ | 6,763 | | $ | 36,209 | | $ | 5,363 | | | Less: Certain deemed distributions of participant loans | (9) | | — | | 19 | | — | | — | | | Benefits paid to participants per Form 5500 | $ | 941,735 | | $ | 5,466 | | $ | 6,782 | | $ | 36,209 | | $ | 5,363 | |
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| BP Partnership Savings Plan (Plan No. 051) |
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| EBP, Reconciliation of Financial Statement to Form 5500 [Line Items] |
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| EBP, Reconciliation of Financial Statement to Form 5500 |
The following is a reconciliation of the Plans’ net assets available for benefits per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 9,080,058 | | $ | 43,638 | | $ | 40,197 | | $ | 444,871 | | $ | 48,382 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Net assets available for benefits as stated in the Form 5500 | $ | 9,072,662 | | $ | 43,610 | | $ | 40,166 | | $ | 444,751 | | $ | 48,355 | | | | | | | | | December 31, 2024 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 8,279,147 | | $ | 36,704 | | $ | 37,965 | | $ | 366,524 | | $ | 34,568 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (15,484) | | (66) | | (60) | | (201) | | (68) | | | Net assets available for benefits as stated in the Form 5500 | $ | 8,263,663 | | $ | 36,638 | | $ | 37,905 | | $ | 366,323 | | $ | 34,500 | |
The following is a reconciliation of the Plans’ net increase in net assets per the financial statements to the net income per the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net increase in net assets after transfer per the financial statements | $ | 800,911 | | $ | 6,934 | | $ | 2,232 | | $ | 78,347 | | $ | 13,814 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2025 | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2024 | 15,484 | | 66 | | 60 | | 201 | | 68 | | | Net increase after transfer per the Form 5500 | $ | 808,999 | | $ | 6,972 | | $ | 2,261 | | $ | 78,428 | | $ | 13,855 | |
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Benefits paid to participants per the financial statements | $ | 941,744 | | $ | 5,466 | | $ | 6,763 | | $ | 36,209 | | $ | 5,363 | | | Less: Certain deemed distributions of participant loans | (9) | | — | | 19 | | — | | — | | | Benefits paid to participants per Form 5500 | $ | 941,735 | | $ | 5,466 | | $ | 6,782 | | $ | 36,209 | | $ | 5,363 | |
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| BP DirectSave Plan (Plan No. 052) |
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| EBP, Reconciliation of Financial Statement to Form 5500 [Line Items] |
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| EBP, Reconciliation of Financial Statement to Form 5500 |
The following is a reconciliation of the Plans’ net assets available for benefits per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 9,080,058 | | $ | 43,638 | | $ | 40,197 | | $ | 444,871 | | $ | 48,382 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Net assets available for benefits as stated in the Form 5500 | $ | 9,072,662 | | $ | 43,610 | | $ | 40,166 | | $ | 444,751 | | $ | 48,355 | | | | | | | | | December 31, 2024 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 8,279,147 | | $ | 36,704 | | $ | 37,965 | | $ | 366,524 | | $ | 34,568 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (15,484) | | (66) | | (60) | | (201) | | (68) | | | Net assets available for benefits as stated in the Form 5500 | $ | 8,263,663 | | $ | 36,638 | | $ | 37,905 | | $ | 366,323 | | $ | 34,500 | |
The following is a reconciliation of the Plans’ net increase in net assets per the financial statements to the net income per the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net increase in net assets after transfer per the financial statements | $ | 800,911 | | $ | 6,934 | | $ | 2,232 | | $ | 78,347 | | $ | 13,814 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2025 | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2024 | 15,484 | | 66 | | 60 | | 201 | | 68 | | | Net increase after transfer per the Form 5500 | $ | 808,999 | | $ | 6,972 | | $ | 2,261 | | $ | 78,428 | | $ | 13,855 | |
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Benefits paid to participants per the financial statements | $ | 941,744 | | $ | 5,466 | | $ | 6,763 | | $ | 36,209 | | $ | 5,363 | | | Less: Certain deemed distributions of participant loans | (9) | | — | | 19 | | — | | — | | | Benefits paid to participants per Form 5500 | $ | 941,735 | | $ | 5,466 | | $ | 6,782 | | $ | 36,209 | | $ | 5,363 | |
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| BPX Energy Employee Savings Plan (Plan No. 100) |
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| EBP, Reconciliation of Financial Statement to Form 5500 [Line Items] |
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| EBP, Reconciliation of Financial Statement to Form 5500 |
The following is a reconciliation of the Plans’ net assets available for benefits per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 9,080,058 | | $ | 43,638 | | $ | 40,197 | | $ | 444,871 | | $ | 48,382 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Net assets available for benefits as stated in the Form 5500 | $ | 9,072,662 | | $ | 43,610 | | $ | 40,166 | | $ | 444,751 | | $ | 48,355 | | | | | | | | | December 31, 2024 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 8,279,147 | | $ | 36,704 | | $ | 37,965 | | $ | 366,524 | | $ | 34,568 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (15,484) | | (66) | | (60) | | (201) | | (68) | | | Net assets available for benefits as stated in the Form 5500 | $ | 8,263,663 | | $ | 36,638 | | $ | 37,905 | | $ | 366,323 | | $ | 34,500 | |
The following is a reconciliation of the Plans’ net increase in net assets per the financial statements to the net income per the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net increase in net assets after transfer per the financial statements | $ | 800,911 | | $ | 6,934 | | $ | 2,232 | | $ | 78,347 | | $ | 13,814 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2025 | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2024 | 15,484 | | 66 | | 60 | | 201 | | 68 | | | Net increase after transfer per the Form 5500 | $ | 808,999 | | $ | 6,972 | | $ | 2,261 | | $ | 78,428 | | $ | 13,855 | |
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Benefits paid to participants per the financial statements | $ | 941,744 | | $ | 5,466 | | $ | 6,763 | | $ | 36,209 | | $ | 5,363 | | | Less: Certain deemed distributions of participant loans | (9) | | — | | 19 | | — | | — | | | Benefits paid to participants per Form 5500 | $ | 941,735 | | $ | 5,466 | | $ | 6,782 | | $ | 36,209 | | $ | 5,363 | |
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| Archaea Employee Savings Plan (Plan No. 101) |
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| EBP, Reconciliation of Financial Statement to Form 5500 [Line Items] |
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| EBP, Reconciliation of Financial Statement to Form 5500 |
The following is a reconciliation of the Plans’ net assets available for benefits per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 9,080,058 | | $ | 43,638 | | $ | 40,197 | | $ | 444,871 | | $ | 48,382 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Net assets available for benefits as stated in the Form 5500 | $ | 9,072,662 | | $ | 43,610 | | $ | 40,166 | | $ | 444,751 | | $ | 48,355 | | | | | | | | | December 31, 2024 | ESP | PSP | DSP | BPX | AESP | | Net assets available for benefits as stated in the financial statements | $ | 8,279,147 | | $ | 36,704 | | $ | 37,965 | | $ | 366,524 | | $ | 34,568 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts | (15,484) | | (66) | | (60) | | (201) | | (68) | | | Net assets available for benefits as stated in the Form 5500 | $ | 8,263,663 | | $ | 36,638 | | $ | 37,905 | | $ | 366,323 | | $ | 34,500 | |
The following is a reconciliation of the Plans’ net increase in net assets per the financial statements to the net income per the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Net increase in net assets after transfer per the financial statements | $ | 800,911 | | $ | 6,934 | | $ | 2,232 | | $ | 78,347 | | $ | 13,814 | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2025 | (7,396) | | (28) | | (31) | | (120) | | (27) | | | Adjustment from contract value to fair value for fully benefit responsive investment contracts at December 31, 2024 | 15,484 | | 66 | | 60 | | 201 | | 68 | | | Net increase after transfer per the Form 5500 | $ | 808,999 | | $ | 6,972 | | $ | 2,261 | | $ | 78,428 | | $ | 13,855 | |
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 (in thousands):
| | | | | | | | | | | | | | | | | | | Year End December 31, 2025 | ESP | PSP | DSP | BPX | AESP | | Benefits paid to participants per the financial statements | $ | 941,744 | | $ | 5,466 | | $ | 6,763 | | $ | 36,209 | | $ | 5,363 | | | Less: Certain deemed distributions of participant loans | (9) | | — | | 19 | | — | | — | | | Benefits paid to participants per Form 5500 | $ | 941,735 | | $ | 5,466 | | $ | 6,782 | | $ | 36,209 | | $ | 5,363 | |
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