BP Dividend Announcement



    NEW YORK, Oct. 23 /CNW/ -- BP p.l.c. of London, England, today announced
payment of a quarterly dividend of $0.6495 per American Depositary Share (ADS)
to qualifying ADS shareholders. The record date for ADS shareholders is
November 9, 2007 with payment to be made on December 3, 2007.
    
    (Logo: http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO )
    Canadian Dollar dividends to Canadian Residents
    
    For Canadian resident ADS shareholders receiving their dividend in
Canadian dollars, the rate of exchange of Canadian $0.9798 to the US Dollar
was that ruling at 4 p.m. London time on October 22, 2007. The dividend
payable December 3, 2007, to qualifying Canadian resident ADS shareholders is
a cash payment of Canadian $0.636 per ADS, which is the amount to be reported
as foreign non-business income for Canadian tax purposes.
    
    US Dollar dividends to Canadian Residents
    
    For Canadian resident ADS shareholders who have filed an election to
receive dividends in US dollars, the dividend payable December 3, 2007, to
qualifying Canadian resident ADS shareholders is a cash payment of US $0.6495
per ADS. The amount of dividend to be reported as foreign non-business income
for Canadian tax purposes will be the amount of US $0.6495 per ADS, converted
to Canadian dollars at an appropriate exchange rate.
    
    Direct Access Plan
    
    For U.S. and Canadian resident ADS shareholders who wish to take their
dividend in the form of shares the Direct Access Plan also includes a Dividend
Reinvestment Plan (DRIP) facility.
    
    Ex-Dividend Date
    
    The ex-dividend date on the New York Stock Exchange is expected to be
November 7, 2007.
    
    ADS
    One ADS represents 6 ordinary shares of BP traded in London.
    




For further information:

For further information: Rachael MacLean, +1-212-451-8072, or Ronnie 
Chappell, +1-281-366-5174, both for BP p.l.c. Web Site: http://www.bp.com

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