Income Statement
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Income statement item | Description | The company |
---|---|---|
Sales and other operating revenues | Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. | BP PLC sales and other operating revenues increased from 2012 to 2013 but then decreased significantly from 2013 to 2014. |
Operating profit (loss) | The net result for the period of deducting operating expenses from operating revenues. | BP PLC operating profit (loss) increased from 2012 to 2013 but then decreased significantly from 2013 to 2014. |
Profit (loss) before taxation | Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. | BP PLC profit (loss) before taxation increased from 2012 to 2013 but then decreased significantly from 2013 to 2014. |
Profit (loss) for the year attributable to BP shareholders | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | BP PLC profit (loss) for the year attributable to BP shareholders increased from 2012 to 2013 but then decreased significantly from 2013 to 2014. |