BP (BP) Inventories, Work In Process : $0 Mil (As of Dec. 2023)

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What is BP Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. BP's work in process for the quarter that ended in Dec. 2023 was $0 Mil.

BP Inventories, Work In Process Historical Data

The historical data trend for BP's Inventories, Work In Process can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BP Inventories, Work In Process Chart

BP Annual Data

Trend

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Inventories, Work In Process

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BP Quarterly Data
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BP Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

BP (BP) Business Description

Industry

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Address

1 St James's Square, London, GBR, SW1Y 4PD

Website

https://www.bp.com

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

Executives

Karen Richardson

Non-Executive Director