BP p.l.c. to Withdraw Chicago Stock Exchange Listing, Retains New York Stock Exchange Listing

LONDON, March 10 /PRNewswire-FirstCall/ -- BP p.l.c. NYSE: BP today announced plans to withdraw the listing of its American Depositary Shares, each representing six ordinary shares, from the Chicago Stock Exchange. BP's American Depositary Shares will continue to be listed on the New York Stock Exchange in the United States and its Ordinary Shares will continue to be listed on the London Stock Exchange.

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BP has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate the additional administrative requirements of maintaining multiple share listings. The withdrawal is expected to be effective within the next month.

BP does not believe that withdrawing its listing from the Chicago Stock Exchange will have any impact on the liquidity of its American Depositary Shares. BP shares traded on the Chicago Stock Exchange typically account for less than one percent of the average daily trading volume of BP shares traded globally.