Payment of Dividends in Sterling

Source Company Press Release
Company BP Plc.
Tags Corporate: Overview/Strategy, Country: United Kingdom
Date June 06, 2023

On 2 May 2023, the Directors of BP p.l.c. announced that the interim dividend for the first quarter of 2023 would be US$0.06610 per ordinary share (US$0.3966 per ADS). This interim dividend is to be paid on 23 June 2023 to shareholders on the share register on 12 May 2023. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. The board has decided not to offer a scrip dividend alternative in respect of the first quarter 2023 dividend. Dividend reinvestment plans have been made available for this dividend for ordinary shareholders and ADS holders (subject to certain exceptions) to receive additional BP shares.

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the three dealing days between 31 May and 2 June 2023 (£1 = US$1.24509). Accordingly, the amount of sterling dividend payable in cash on 23 June 2023 will be:

5.3089 pence per share

Details of the first quarter dividend and timetable are available at bp.com/dividends. For further information on your dividend payment options visit bp.com/drip.

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