Transaction in Own Shares

BP PLC
07 December 2006

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

BP p.l.c.  -  7 December 2006



BP p.l.c. announces that on 6 December 2006, it purchased for cancellation
6,100,000 ordinary shares at prices between 575.0 pence and 582.0 pence per
share.

BP p.l.c. also announces that on 6 December 2006 it transferred to participants
in its employee share schemes 53,802 ordinary shares at prices between 350.00
pence and 511.0 pence. These shares were previously held as treasury shares.

Following the above transactions, BP p.l.c. holds 1,947,014,561 ordinary shares
in Treasury, and has 19,517,936,105 ordinary shares in issue (excluding Treasury
shares).



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




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