BP p.l.c. held its Annual General Meeting on 12 May 2021 and announces the results of the voting below:
Votes For
%
Votes Against
%
Total Votes Cast (excluding withheld)
% of issued share capital voted*
Votes Withheld**
Resolution 1: Report and accounts
11,658,091,914
98.57
168,905,789
1.43
11,826,997,703
58.23
90,367,351
Resolution 2: Directors' remuneration report
11,135,068,136
95.20
561,740,530
4.80
11,696,808,666
57.59
220,577,221
Resolution 3 (a): To elect Mr M Auchincloss as a director
11,779,114,964
99.43
66,966,098
0.57
11,846,081,062
58.33
71,273,944
Resolution 3 (b): To elect Mr T Morzaria as a director
11,764,225,393
99.34
77,630,646
0.66
11,841,856,039
58.30
75,498,274
Resolution 3 (c): To elect Mrs K Richardson as a director
11,788,568,396
99.51
58,061,613
0.49
11,846,630,009
58.33
70,709,551
Resolution 3 (d): To elect Dr J Teyssen as a director
11,786,938,495
99.51
57,907,358
0.49
11,844,845,853
58.32
72,508,460
Resolution 3 (e): To re-elect Mr B Looney as a director
11,637,651,838
98.23
210,124,092
1.77
11,847,775,930
58.33
69,587,770
Resolution 3 (f): To re-elect Miss P Daley as a director
11,747,305,190
99.16
99,825,722
0.84
11,847,130,912
58.33
70,223,401
Resolution 3 (g): To re-elect Mr H Lund as a director
11,571,336,811
97.68
274,679,769
2.32
11,846,016,580
58.33
71,338,420
Resolution 3 (h): To re-elect Mrs M B Meyer as a director
11,618,124,973
99.25
87,254,151
0.75
11,705,379,124
57.63
211,975,195
Resolution 3 (i): To re-elect Mrs P R Reynolds as a director
11,623,969,198
98.12
222,686,815
1.88
11,846,656,013
58.33
70,698,300
Resolution 3 (j): To re-elect Sir J Sawers as a director
11,783,254,008
99.47
62,200,616
0.53
11,845,454,624
58.32
71,920,523
Resolution 4: Reappointment of auditor
11,815,390,328
99.68
38,271,500
0.32
11,853,661,828
58.36
63,678,912
Resolution 5: Remuneration of auditor
11,788,155,982
99.53
55,945,495
0.47
11,844,101,477
58.32
73,261,489
Resolution 6: Political donations and political expenditure
11,483,983,651
97.01
353,610,504
2.99
11,837,594,155
58.28
79,764,259
Resolution 7: Renewal of the Scrip Dividend Programme
11,745,736,511
99.27
86,302,941
0.73
11,832,039,452
58.26
85,326,270
Resolution 8: Limited authority to allot shares up to a specified amount
10,907,898,150
92.12
933,200,413
7.88
11,841,098,563
58.30
76,256,215
Resolution 9: Special resolution: Authority to allot a limited number of shares for cash free of pre-emption rights
11,671,861,491
98.73
150,587,870
1.27
11,822,449,361
58.21
94,907,655
Resolution 10: Special resolution: Additional authority to allot a limited number of shares for cash free of pre-emption rights
11,254,658,616
95.18
569,832,734
4.82
11,824,491,350
58.22
92,887,900
Resolution 11: Special resolution: share buyback
11,570,621,952
98.00
236,175,710
2.00
11,806,797,662
58.13
110,581,318
Resolution 12: Special resolution: notice of general meetings
10,855,141,740
91.59
996,734,596
8.41
11,851,876,336
58.35
65,502,914
Resolution 13: Special resolution: Follow This shareholder resolution on climate change targets
2,379,179,781
20.65
9,144,857,306
79.35
11,524,037,087
56.74
393,351,549
* Total voting rights of the shares in issue excluding Treasury shares: 20,310,258,178
Every shareholder has one vote for every ordinary share held and two votes for every £5 in nominal amount of bp preference shares held.
** Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
Resolution 13
We note that Resolution 13, a shareholder resolution on climate change targets, that the board of directors recommended not to approve, has been rejected by shareholders. However, we recognise that some shareholders (20.65% of votes cast) chose to support this resolution.
We will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood. We will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2021 AGM.
Board changes
As previously announced, Professor Dame Ann Dowling and Brendan Nelson did not stand for re-election at the AGM. Following the conclusion of the AGM, Tushar Morzaria has been appointed as chair of the audit committee and Karen Richardson has become a member of the audit committee.
This notice is given in fulfilment of the obligations under paragraph 9.6.11R of the Listing Rules.
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