We anticipate production from the deepwater Gulf of Mexico to be back to normal, with the exception of the Shell-operated Mars project, by the end of the year,

BP's fourth quarter result was particularly hit by the continued shutdown of our Texas City refinery [and] during its refurbishment.

The recent hurricanes in the U.S. have impacted our results. However, underlying performance is strong, amplified by high but volatile prices of oil, gas and products, ... We anticipate production from the deepwater Gulf of Mexico to be back to normal, with the exception of the Shell-operated Mars project, by the end of the year.

As a long-term business we should begin to look beyond that [hydrocarbons], beyond petroleum - to the energy needs of the world over the next half century. And that is what we are doing, starting today.

Of course, what we are announcing today is not an instant, magical transformation of the energy market. It is a very realistic, practical step in a new direction. For the foreseeable future, for decades to come, the world will need hydrocarbons, and we will continue to invest in order to produce and sell oil and gas in the cleanest, most efficient way possible,

Consistent with existing BP practice, we remain committed to returning excess free cash flow, including the net proceeds of this sale, to shareholders,