Company:  BP PRUDHOE BAY ROYALTY TR ... (BPT)
Form Type:  10-K
Filing Date:  2/28/2014 
CIK:  0000850033 
Address:  C/O BANKOF NEW YORK
101 BARCLAY ST., 21ST FLOOR WEST
 
City, State, Zip:  NEW YORK, New York 10286 
Telephone:  (212) 815-5084 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$80.95  
Change: 
-0.09 (-0.11%)  
Trade Time: 
10:50 AM EST  
Market Cap: 
$1.73B
Description of Business
BP Prudhoe Bay Royalty Trust (the �Trust�) was created as a Delaware business trust by the BP Prudhoe Bay Royalty Trust Agreement dated February 28, 1989 (the �Trust Agreement�) among The Standard Oil Company (�Standard Oil�), BP Exploration (Alaska) Inc. (�BP Alaska�), The Bank of New York Mellon (formerly named The Bank of New York), as trustee, and F. James Hutchinson, co-trustee (BNY Mellon Trust of Delaware, formerly named The Bank of New York (Delaware), successor co-trustee). BP Alaska and Standard Oil are wholly owned subsidiaries of BP p.l.c. (�BP�). Effective as of December 15, 2010, The Bank of New York Mellon (�BNYM�) resigned as trustee under the Trust Agreement and BP Alaska appointed The Bank of New York Mellon Trust Company, N.A. (the �Trust Company�) to succeed BNYM as trustee. The Trust Company accepted its appointment and assumed all rights, titles, duties, powers and authority formerly held and exercised by BNYM under the Trust Agreement.
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  FORM 10-K
    PART I
      ITEM 1. BUSINESS
      ITEM 1A. RISK FACTORS
      ITEM 1B. UNRESOLVED STAFF COMMENTS
      ITEM 2. PROPERTIES
      ITEM 3. LEGAL PROCEEDINGS
      ITEM 4. MINE SAFETY DISCLOSURE
    PART II
      ITEM 5. MARKET FOR REGISTRANT'S UNITS, RELATED UNITHOLDER ...
      ITEM 6. SELECTED FINANCIAL DATA
      ITEM 7. TRUSTEE'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
        Liquidity and Capital Resources
        Results of Operations
      ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT ...
      ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
        Report of Independent Registered Public Accounting Firm
        Report of Independent Registered Public Accounting Firm
        INCOME STATEMENT
        Notes to Financial Statements
      ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ...
      ITEM 9A. CONTROLS AND PROCEDURES
      ITEM 9B. OTHER INFORMATION
    PART III
      ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
      ITEM 11. EXECUTIVE COMPENSATION
      ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND ...
      ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND ...
      ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
    PART IV
      ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
    SIGNATURES
    INDEX TO EXHIBITS
  EXHIBIT 31
    CERTIFICATION
  EXHIBIT 32
    CERTIFICATION PURSUANT TO SECTION 906 OF THE
  EXHIBIT 99
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