BP Selects Accenture as its Global Outsourcing Provider of Finance and Accounting Services

  BP Selects Accenture as its Global Outsourcing Provider of Finance and
  Accounting Services

Business Wire

LONDON -- August 14, 2012

BP has selected Accenture (NYSE: ACN) as its global outsourcing provider of
finance and accounting (F&A) services to complement its in-house captive
business service centers. Terms of the multi-year agreement were not
disclosed.

Under the agreement, Accenture will help BP consolidate its global F&A
function through standardized reporting and metrics and by using advanced
analytics to improve business controls and drive greater insights into the
business. Specifically, Accenture will be responsible for providing record to
report, order to cash, procure-to-pay and production revenue accounting
services.

In addition, BP will be able to leverage Accenture’s industry processes,
industry knowledge, and business process outsourcing (BPO) technologies across
BP’s finance organization to drive end-to-end process standardization and
controls.

“BP’s decision to select Accenture reflects our continued commitment over the
past two decades to helping BP achieve its business objectives,” said Arthur
Hanna, managing director of Accenture’s Energy industry group. “We will
continue to draw on our industry knowledge, leverage our capabilities
worldwide and bring innovation to support BP’s finance function.”

Accenture and BP have a long story of working together. The companies signed
their first F&A agreement in 1991.

“BP sees this partnership with Accenture as an important milestone in driving
standardization in our finance and accounting processes by consolidating our
F&A service providers,” said Brian Puffer, Group Controller at BP.

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with more than 249,000 people serving clients in more
than 120 countries. Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world's most successful companies, Accenture collaborates with
clients to help them become high-performance businesses and governments. The
company generated net revenues of US$25.5 billion for the fiscal year ended
Aug. 31, 2011. Its home page is www.accenture.com.

About BP

BP is one of the world's largest oil and gas companies, serving millions of
customers every day in more than 90 countries, and employing 83,400 people.
BP’s business segments are oil and gas exploration & production, and refining
& marketing. In alternative energies, BP has low- and no-carbon wind and
biofuels businesses, and a carbon capture technology team. Through these
activities, BP provides fuel for transportation; energy for heat and light;
services for motorists; and petrochemicals products for plastics, textiles and
food packaging. It has strong positions in many of the world's hydrocarbons
basins and strong market positions in key economies.

Contact:

Accenture
Allen Valahu, + 33 1 53 23 57 54
allen.valahu@accenture.com
or
Christine Yee Fields, + 216 535 5092
christine.fields@accenture.com