Transaction in Own Shares

BP PLC
24 October 2006

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

BP p.l.c.  -  24 October 2006

BP p.l.c. announces that on 23 October 2006, it purchased for cancellation
7,700,000 ordinary shares at prices between 594.5 pence and 601.5 pence per
share and between 1109.83 cents and 1129.83 cents per share.

This purchase was bought as part of the close period contract announced on the
28th September 2006.

Following the above transactions, BP p.l.c. holds 1,947,547,562 ordinary shares
in Treasury, and has 19,691,609,616 ordinary shares in issue (excluding Treasury
shares).

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange