BP Dividend Announcement



    HOUSTON, July 29 /CNW/ -- BP p.l.c. (NYSE:   BP) of London, England, today
announced payment of a quarterly dividend of $0.84 per American Depositary
Share (ADS) to qualifying ADS shareholders. The record date for ADS
shareholders is August 15, 2008 with payment to be made on September 8, 2008.
    
    (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 $1.0214 to the US Dollar
was that ruling at 4 p.m. London time on July 28, 2008. The dividend payable
September 8, 2008, to qualifying Canadian resident ADS shareholders is a cash
payment of Canadian $0.858 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 September 8, 2008, to
qualifying Canadian resident ADS shareholders is a cash payment of US $0.84
per ADS. The amount of dividend to be reported as foreign non-business income
for Canadian tax purposes will be the amount of US $0.84 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
August 13, 2008.
    
    ADS
    One ADS represents 6 ordinary shares of BP traded in London.

    




For further information:

For further information: Rachael MacLean, +1-281-366-6766, or Ronnie
Chappell, +1-281-366-5174, both of BP p.l.c. Web Site: http://www.bp.com

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