StockWatch
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Integrated oil Companies
AuditorJul 31, 2026, 12:31 PM

BP Re-appoints Deloitte as Statutory Auditor

AI Summary

BP PLC announced the conclusion of its formal audit tender process, resulting in the re-appointment of Deloitte LLP as its statutory auditor. This re-appointment will take effect from the 2028 financial year, pending shareholder approval at the 2027 Annual General Meeting. The company noted that it is required to tender its statutory audit every 10 years and rotate every 20 years, with Deloitte having served since the 2018 financial year.

Key Highlights

  • BP re-appointed Deloitte LLP as its statutory auditor.
  • The re-appointment is effective from the 2028 financial year.
  • It is subject to shareholder approval at the 2027 Annual General Meeting.
  • BP is required to tender its statutory audit every 10 years and rotate every 20 years.
  • Deloitte was initially appointed as auditor for the 2018 financial year.