4th Quarter & Final Results - Part 3
BP Amoco PLC
15 February 2000
PART 3
BP Amoco p.l.c.
Group Results
4th Quarter and Full Year 1999
INVESTOR RELATIONS SUPPLEMENT
Regional Split of Special Items (Pre-Tax)
Fourth Third Fourth
Quarter Quarter Quarter Year
1998 1999 1999 1999 1998
======================= =============
Exploration and Production ($m)
- 18 - UK 61 (28)
2 1 1 Rest of Europe 10 2
112 120 25 USA 202 84
213 3 17 Rest of World 26 427
----------------------- -------------
327 142 43 299 485
======================= =============
Refining and Marketing ($m)
- 1 35 UK 52 -
- - 2 Rest of Europe 2 -
- 15 96 USA 144 -
- 5 38 Rest of World 44 -
----------------------- -------------
- 21 171 242 -
======================= =============
Chemicals ($m)
- 16 67 UK 109 50
- 6 - Rest of Europe 41 -
- 24 20 USA 52 -
- 4 40 Rest of World 45 -
----------------------- -------------
- 50 127 247 50
======================= =============
Other Businesses and Corporate ($m)
29 47 67 UK 144 34
- - - Rest of Europe 2 -
16 34 173 USA 251 16
- - - Rest of World 1 -
----------------------- -------------
45 81 240 398 50
======================= =============
- - 24 Bond/Lease Redemption Charges 24 12
----------------------- -------------
372 294 605 Total 1,210 597
======================= =============
Following completion of the Arco transaction, BP Amoco will augment this
supplement with additional financial performance information in order to
enable investors to evaluate better both the company's historical
performance and its performance against that of its competitors.
Environmental Indicators
Fourth Third Fourth
Quarter Quarter Quarter Year
1998 1999 1999 1999 1998
======================= =============
Average oil realizations* ($/bbl)
11.19 19.86 23.35 UK 17.35 12.63
11.21 18.18 21.64 USA 15.94 12.02
10.12 19.32 23.20 Rest of World 17.76 11.30
10.92 19.17 22.70 BP Amoco average 16.74 12.06
----------------------- -------------
Average natural gas realizations ($/mcf)
2.40 1.96 2.22 UK 2.20 2.72
1.98 2.37 2.35 USA 2.06 1.82
1.69 1.59 1.69 Rest of World 1.58 1.71
1.92 1.99 2.08 BP Amoco average 1.92 1.93
----------------------- -------------
Indicative global refining margins($/bbl)
1.38 1.18 1.32 UK 0.88 1.75
0.96 1.51 0.22 USA 0.97 1.77
1.67 1.14 0.17 Rest of World 0.84 1.65
1.27 1.30 0.68 BP Amoco average 0.91 1.74
----------------------- -------------
675 677 1,001 Chemicals integrated margin (Dm/te) 666 819
======================= =============
* Crude oil and natural gas liquids.
Earnings per share+
Fourth Third Fourth
Quarter Quarter Quarter Year
1998 1999 1999 1999 1998
======================= ==============
19,366 19,474 19,484 Ordinary shares(million) 19,484 19,366
3,228 3,246 3,247 - ADS equivalent (million) 3,247 3,228
19,191 19,376 19,386 Average ordinary shares (million) 19,386 19,191
3,199 3,229 3,231 - ADS equivalent (million) 3,231 3,199
----------------------- --------------
523 1,205 1,195 RC profit reported ($m) 3,280 4,611
2.72 6.21 6.16 cents/ordinary share 16.91 24.02
16.32 37.26 36.96 cents/ADS 101.46 144.12
----------------------- --------------
515 1,743 1,684 RC pre-exceptionals ($m) 5,330 3,959
2.68 8.99 8.67 cents/ordinary share 27.48 20.62
16.08 53.94 52.02 cents/ADS 164.88 123.72
----------------------- -------------
866 1,955 2,123 RC pre-exceptionals - adjusted ($m) 6,206 4,428
4.51 10.08 10.95 cents/ordinary share 32.00 23.07
27.06 60.48 65.70 cents/ADS 192.00 138.42
======================= =============
+ Amounts for previous periods have been restated for the 2 for 1 share
split on 4 October 1999.