BP’s $2.25 Billion Offering

January 10, 2024

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets America Inc., a wholly owned subsidiary of BP plc, of $1.25 billion 4.699% notes due 2029 and $1 billion 4.989% notes due 2034.

The notes are guaranteed by BP. The underwriters for the offering were BBVA, BofA Securities, Deutsche Bank Securities, J.P. Morgan, Mizuho, and Standard Chartered Bank, with Blaylock Van, R. Seelaus & Co., and Siebert Williams Shank & Co. as co-managers. The offering, a takedown from BP and BP Capital Markets America’s shelf registration statement, closed on January 10, 2024.

BP is an integrated energy business with operations in Europe, North and South America, Australasia, Asia, and Africa. It operates in more than 60 countries and provides heat, light, and mobility to customers all over the world, with a purpose to reimagine energy for people and the planet and an ambition to be a net zero company by 2050 or sooner.