This article demonstrates how ownership analysis works for BP.

For an explanation of ownership concepts including Company Level, Company Is Top Level, and Field Interest Is Direct, see the Understanding ownership in Lens Upstream article.

This view includes:

This view excludes ownership held through subsidiaries and only returns assets directly held by BP.

These assets belong to entities lower in the ownership chain but are economically attributable to BP.

Johan Sverdrup is one of Norway's largest producing oil fields.

BP has exposure to the field through its ownership stake in Aker BP, which participates in the asset.

This makes Johan Sverdrup a useful example for understanding the difference between Ultimate and Direct company-level analysis.

In this example, the results have been filtered to Johan Sverdrup, with no company filter applied.

When the Company Level is set to Ultimate, the asset appears under BP because ownership is rolled up through the corporate hierarchy. Although BP does not directly hold the field interest, the ownership is attributed to BP through its relationship with Aker BP. This ownership path can be viewed using the Company to Field Ownership Chain column.

In this view:

When the Company Level is changed to Direct, the asset is no longer listed under BP and instead appears under Aker BP. This is because Direct ownership only returns the company that legally holds the field interest. In this case, Aker BP is the direct owner participating in Johan Sverdrup.

In this view:

Comparing the two views demonstrates how the same asset can be attributed to a parent company under Ultimate ownership while being assigned to the operating company under Direct ownership.