Transaction in Own Shares

BP PLC
04 January 2007

BP p.l.c.  -  Transaction in Own Shares

BP p.l.c.  -  4 January 2007



BP p.l.c. announces that on 3 January 2007, it purchased for cancellation
7,000,000 ordinary shares at prices between 569.0 pence and 574.5 pence per
share.

BP p.l.c. also announces that on 3 January 2007, it transferred to participants
in its employee share schemes 86,636 ordinary shares at prices between 326.00
pence and 511.0 pence. These shares were previously held as treasury shares.

Following the above transaction, BP p.l.c. holds 1,946,717,897 ordinary shares
in Treasury, and has 19,498,495,730 ordinary shares in issue (excluding Treasury
shares).



Enquiries: Fergus MacLeod, BP p.l.c.    Tel : [phone]


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