UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                            Form 13F

                       Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2012

Check here if Amendment [  ]; Amendment Number: _____
This Amendment (Check only one.): [  ] is a restatement.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    BP p.l.c.
Address: 1 St James's Square
         London SW1Y 4PD
         England

Form 13F File Number:  28-05353

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:  Brian Gilvary
Title: Chief Financial Officer
Phone: 020 7496 5388

Signature, Place, and Date of Signing:

/s/ Brian Gilvary    London, UK            May 9, 2012
------------------   ------------------    ------------------
[Signature]          [City,State]          [Date]

Report Type (Check only one.):

[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)

[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)

[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager:

Form 13F File Number               Name

28-________________                _______________



                      Form 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:            1
                                          ------------

Form 13F Information Table Entry Total:    175
                                          ------------

Form 13F Information Table Value Total:   $ 1,633,574
                                          ------------
                                          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.

No.  Form 13F File Number          Name
01   28-05357                 BP Investment Management Limited








BP P.L.C.
FORM 13F INFORMATION TABLE
March 31, 2012

                             TITLE               MARKET
                               OF                VALUE       SHARES    SH/  INVESTMENT           VOTING AUTHORITY
           ISSUER            CLASS    CUSIP    ( USD 000)   /PRN AMT   PRN  DISCRETION MANAGERS     SOLE    SHAREDNONE
                                                                                     
3M CO                         COM   88579Y101      8,558      96,000   SH    DEFINED      01        96,000
ABBOTT LABORATORIES           COM   002824100     18,375     300,000   SH    DEFINED      01       300,000
AIR PRODUCTS + CHEMICALS      COM   009158106      7,346      80,000   SH    DEFINED      01        80,000
AIRGAS INC                    COM   009363102      6,673      75,000   SH    DEFINED      01        75,000
ALLERGAN INC                  COM   018490102      8,587      90,000   SH    DEFINED      01        90,000
ALTRIA GROUP INC              COM   02209S103     13,274     430,000   SH    DEFINED      01       430,000
AMAZON.COM INC                COM   023135106      5,063      25,000   SH    DEFINED      01        25,000
AMERICA MOVIL ADR SERIES      ADR   02364W204     14,838     600,000   SH    DEFINED      01       600,000
AMERICA MOVIL ADR SERIES      ADR   02364W105      5,027     202,448   SH    DEFINED      01       202,448
AMERICAN EXPRESS CO           COM   025816109      8,099     140,000   SH    DEFINED      01       140,000
AMERICAN INTERNATIONAL GR     COM   026874784      4,939     160,000   SH    DEFINED      01       160,000
AMERICAN TOWER CORP           COM   03027X100      5,041      80,000   SH    DEFINED      01        80,000
AMGEN INC                     COM   031162100     12,235     180,000   SH    DEFINED      01       180,000
AMPHENOL CORP CL A            COM   032095101      3,825      64,000   SH    DEFINED      01        64,000
ANADARKO PETROLEUM CORP       COM   032511107      5,170      66,000   SH    DEFINED      01        66,000
APACHE CORP                   COM   037411105      5,021      50,000   SH    DEFINED      01        50,000
APPLE INC                     COM   037833100     71,935     120,000   SH    DEFINED      01       120,000
ARCH CAPITAL GROUP LTD        COM   G0450A105      2,234      60,000   SH    DEFINED      01        60,000
ARTHUR J GALLAGHER + CO       COM   363576109      3,575     100,000   SH    DEFINED      01       100,000
ASIAINFO LINKAGE INC          COM   04518A104      4,914     390,000   SH    DEFINED      01       390,000
AT+T INC                      COM   00206R102     25,600     820,000   SH    DEFINED      01       820,000
AUTOMATIC DATA PROCESSING     COM   053015103      4,636      84,000   SH    DEFINED      01        84,000
BANCO BRADESCO ADR            ADR   059460303      2,222     127,050   SH    DEFINED      01       127,050
BANK OF AMERICA CORP          COM   060505104      9,082     950,000   SH    DEFINED      01       950,000
BANK OF NEW YORK MELLON       COM   064058100      3,618     150,000   SH    DEFINED      01       150,000
BERKSHIRE HATHAWAY INC        COM   084670702     18,667     230,000   SH    DEFINED      01       230,000
BMC SOFTWARE INC              COM   055921100      1,807      45,000   SH    DEFINED      01        45,000
BOEING CO/THE                 COM   097023105      8,329     112,000   SH    DEFINED      01       112,000
BRISTOL MYERS SQUIBB CO       COM   110122108      8,438     250,000   SH    DEFINED      01       250,000
CARDINAL HEALTH INC           COM   14149Y108      2,587      60,000   SH    DEFINED      01        60,000
CARNIVAL CORP                 COM   143658300      1,925      60,000   SH    DEFINED      01        60,000
CBS CORP CLASS B NON VOT      COM   124857202      6,098     180,000   SH    DEFINED      01       180,000
CELGENE CORP                  COM   151020104      4,961      64,000   SH    DEFINED      01        64,000
CEMEX SAB SPONS ADR PART      ADR   151290889      2,446     315,613   SH    DEFINED      01       315,613
CENTURYLINK INC               COM   156700106      7,724     200,000   SH    DEFINED      01       200,000
CHEVRON CORP                  COM   166764100     31,612     295,000   SH    DEFINED      01       295,000
CIA SIDERURGICA NACL SP       ADR   20440W105        618      65,400   SH    DEFINED      01        65,400
CISCO SYSTEMS INC             COM   17275R102     19,564     925,000   SH    DEFINED      01       925,000
CITIGROUP INC                 COM   172967424     13,979     382,660   SH    DEFINED      01       382,660
CITRIX SYSTEMS INC            COM   177376100      6,471      82,000   SH    DEFINED      01        82,000
CME                           COM   12572Q105      2,315       8,000   SH      SOLE                  8,000
COCA COLA CO/THE              COM   191216100     22,564     305,000   SH    DEFINED      01       305,000
COLGATE PALMOLIVE CO          COM   194162103      5,864      60,000   SH    DEFINED      01        60,000
COMCAST CORP CLASS A          COM   20030N101     10,804     360,000   SH    DEFINED      01       360,000
COMPANHIA DE BEBIDAS PRF      ADR   20441W203      2,685      65,000   SH    DEFINED      01        65,000
CONAGRA FOODS INC             COM   205887102      2,626     100,000   SH    DEFINED      01       100,000
CONOCOPHILLIPS                COM   20825C104     19,005     250,000   SH    DEFINED      01       250,000
CONSOLIDATED COMMUNICAT       COM   209034107      4,071     207,500   SH    DEFINED      01       207,500
COSTCO WHOLESALE CORP         COM   22160K105     10,896     120,000   SH    DEFINED      01       120,000
COVIDIEN PLC                  COM   G2554F113      8,799     161,000   SH    DEFINED      01       161,000
CSX CORP                      COM   126408103      3,224     150,000   SH    DEFINED      01       150,000
CTRIP.COM INTERNATIONAL       ADR   22943F100      2,921     135,000   SH    DEFINED      01       135,000
CVS CAREMARK CORP             COM   126650100     13,440     300,000   SH    DEFINED      01       300,000
DANAHER CORP                  COM   235851102      5,596     100,000   SH    DEFINED      01       100,000
DEVON ENERGY CORPORATION      COM   25179M103      8,175     115,000   SH    DEFINED      01       115,000
DOMINION RESOURCES INC/VA     COM   25746U109     11,518     225,000   SH    DEFINED      01       225,000
DOW CHEMICAL CO/THE           COM   260543103      5,231     151,000   SH    DEFINED      01       151,000
DU PONT (E.I.) DE NEMOURS     COM   263534109      9,779     185,000   SH    DEFINED      01       185,000
DUKE ENERGY CORP              COM   26441C105      5,877     280,000   SH    DEFINED      01       280,000
EBAY INC                      COM   278642103      5,532     150,000   SH    DEFINED      01       150,000
ECOLAB INC                    COM   278865100      5,555      90,000   SH    DEFINED      01        90,000
EL PASO CORP                  COM   28336L109      8,859     300,000   SH    DEFINED      01       300,000
ELI LILLY + CO                COM   532457108     10,065     250,000   SH    DEFINED      01       250,000
EMBRAER SA ADR                ADR   29082A107        320      10,000   SH    DEFINED      01        10,000
ENERGEN CORP                  COM   29265N108      2,455      50,000   SH    DEFINED      01        50,000
ENTERGY CORP                  COM   29364G103      5,709      85,000   SH    DEFINED      01        85,000
EXELON CORP                   COM   30161N101     10,388     265,000   SH    DEFINED      01       265,000
EXXON MOBIL CORP              COM   30231G102     52,002     600,000   SH    DEFINED      01       600,000
FISERV INC                    COM   337738108      3,122      45,000   SH    DEFINED      01        45,000
FOMENTO ECONOMICO MEX SP      ADR   344419106      9,149     111,300   SH    DEFINED      01       111,300
FORD MOTOR CO                 COM   345370860      6,235     500,000   SH    DEFINED      01       500,000
GENERAL DYNAMICS CORP         COM   369550108      6,754      92,000   SH    DEFINED      01        92,000
GENERAL ELECTRIC CO           COM   369604103     32,128   1,600,000   SH    DEFINED      01     1,600,000
GOLDMAN SACHS GROUP INC       COM   38141G104      8,089      65,000   SH    DEFINED      01        65,000
GOODRICH CORP                 COM   382388106      6,272      50,000   SH    DEFINED      01        50,000
GOOGLE INC CL A               COM   38259P508     25,749      40,155   SH    DEFINED      01        40,155
GRUPO TELEVISA SA SPON        ADR   40049J206      3,266     155,000   SH    DEFINED      01       155,000
HALLIBURTON CO                COM   406216101      6,804     205,000   SH    DEFINED      01       205,000
HARTFORD FINANCIAL SVCS       COM   416515104      4,218     200,000   SH    DEFINED      01       200,000
HEWLETT PACKARD CO            COM   428236103      6,357     267,000   SH    DEFINED      01       267,000
HOMEAWAY INC                  COM   43739Q100        696      27,417   SH      SOLE                 27,417
HONEYWELL INTERNATIONAL       COM   438516106      9,890     162,000   SH    DEFINED      01       162,000
INTEL CORP                    COM   458140100     20,365     725,000   SH    DEFINED      01       725,000
INTL BUSINESS MACHINES        COM   459200101     31,943     153,000   SH    DEFINED      01       153,000
INTUIT INC                    COM   461202103      3,728      62,000   SH    DEFINED      01        62,000
INTUITIVE SURGICAL INC        COM   46120E602      5,147       9,500   SH    DEFINED      01         9,500
ISHARES COHEN + STEERS        COM   464287564      5,213      70,000   SH    DEFINED      01        70,000
ITAU UNIBANCO HLDNG PREF      ADR   465562106      1,319      68,750   SH    DEFINED      01        68,750
JDS UNIPHASE CORP             COM   46612J507      4,347     300,000   SH    DEFINED      01       300,000
JOHNSON + JOHNSON             COM   478160104     24,409     370,000   SH    DEFINED      01       370,000
JPMORGAN CHASE + CO           COM   46625H100     26,186     570,000   SH    DEFINED      01       570,000
JUNIPER NETWORKS INC          COM   48203R104      2,631     115,000   SH    DEFINED      01       115,000
KRAFT FOODS INC CLASS A       COM   50075N104      7,754     204,000   SH    DEFINED      01       204,000
LG DISPLAY CO LTD ADR         ADR   50186V102      2,060     175,000   SH    DEFINED      01       175,000
LOWE S COS INC                COM   548661107      7,845     250,000   SH    DEFINED      01       250,000
LYONDELLBASELL INDUSTRIES     COM   N53745100        487      11,153   SH      SOLE                 11,153
M + T BANK CORP               COM   55261F104      7,817      90,000   SH    DEFINED      01        90,000
MARRIOTT INTERNATIONAL        COM   571903202      4,353     115,000   SH    DEFINED      01       115,000
MARSH + MCLENNAN COS          COM   571748102      8,198     250,000   SH    DEFINED      01       250,000
MASCO CORP                    COM   574599106      3,610     270,000   SH    DEFINED      01       270,000
MASTERCARD INC CLASS A        COM   57636Q104      5,475      13,000   SH    DEFINED      01        13,000
MCDONALD S CORP               COM   580135101     15,696     160,000   SH    DEFINED      01       160,000
MCKESSON CORP                 COM   58155Q103      3,073      35,000   SH    DEFINED      01        35,000
MEDCO HEALTH SOLUTIONS        COM   58405U102      7,030     100,000   SH    DEFINED      01       100,000
MEDTRONIC INC                 COM   585055106      5,675     145,000   SH    DEFINED      01       145,000
MELCO CROWN ENTERTAINME       ADR   585464100      9,527     700,000   SH    DEFINED      01       700,000
MERCK + CO. INC.              COM   58933Y105     19,185     500,000   SH    DEFINED      01       500,000
METLIFE INC                   COM   59156R108      6,716     180,000   SH    DEFINED      01       180,000
MICRON TECHNOLOGY INC         COM   595112103      3,641     450,000   SH    DEFINED      01       450,000
MICROSOFT CORP                COM   594918104     35,464   1,100,000   SH    DEFINED      01     1,100,000
MONSANTO CO                   COM   61166W101      9,564     120,000   SH    DEFINED      01       120,000
MORGAN STANLEY                COM   617446448      3,732     190,000   SH    DEFINED      01       190,000
MYLAN INC                     COM   628530107      5,391     230,000   SH    DEFINED      01       230,000
NASDAQ OMX GROUP/THE          COM   631103108      4,919     190,000   SH    DEFINED      01       190,000
NEW ORIENTAL EDUCATIO SP      ADR   647581107      7,911     288,000   SH    DEFINED      01       288,000
NEWMONT MINING CORP           COM   651639106      7,176     140,000   SH    DEFINED      01       140,000
NEWS CORP CL A                COM   65248E104      4,923     250,000   SH    DEFINED      01       250,000
NEWS CORP CLASS B             COM   65248E203      5,951     298,000   SH    DEFINED      01       298,000
NORFOLK SOUTHERN CORP         COM   655844108      3,028      46,000   SH    DEFINED      01        46,000
NORTHERN TRUST CORP           COM   665859104      4,743     100,000   SH    DEFINED      01       100,000
NYSE EURONEXT                 COM   629491101      5,996     200,000   SH    DEFINED      01       200,000
O REILLY AUTOMOTIVE INC       COM   67103H107      6,302      69,000   SH    DEFINED      01        69,000
OCCIDENTAL PETROLEUM CORP     COM   674599105     10,378     109,000   SH    DEFINED      01       109,000
ORACLE CORP                   COM   68389X105     15,245     523,000   SH    DEFINED      01       523,000
P G + E CORP                  COM   69331C108      2,603      60,000   SH    DEFINED      01        60,000
PARKER HANNIFIN CORP          COM   701094104      6,335      75,000   SH    DEFINED      01        75,000
PAYCHEX INC                   COM   704326107      6,198     200,000   SH    DEFINED      01       200,000
PEPSICO INC                   COM   713448108     15,922     240,000   SH    DEFINED      01       240,000
PETROLEO BRASILEIRO S.A.      ADR   71654V408      2,390      90,000   SH    DEFINED      01        90,000
PETROLEO BRASILEIRO SPON      ADR   71654V101      3,834     150,127   SH    DEFINED      01       150,127
PFIZER INC                    COM   717081103     29,432   1,300,000   SH    DEFINED      01     1,300,000
PHILIP MORRIS INTL            COM   718172109     18,163     205,000   SH    DEFINED      01       205,000
PNC FINANCIAL SERVICES        COM   693475105      9,991     155,000   SH    DEFINED      01       155,000
PPL CORPORATION               COM   69351T106      7,060     250,000   SH    DEFINED      01       250,000
PRAXAIR INC                   COM   74005P104     11,461     100,000   SH    DEFINED      01       100,000
PRECISION CASTPARTS CORP      COM   740189105      3,113      18,000   SH    DEFINED      01        18,000
PRINCIPAL FINANCIAL GROUP     COM   74251V102      4,717     160,000   SH    DEFINED      01       160,000
PROCTER + GAMBLE CO/THE       COM   742718109     29,908     445,000   SH    DEFINED      01       445,000
PRUDENTIAL FINANCIAL INC      COM   744320102      3,803      60,000   SH    DEFINED      01        60,000
PUBLIC SERVICE ENTERPRISE     COM   744573106      6,581     215,000   SH    DEFINED      01       215,000
QUALCOMM INC                  COM   747525103     15,305     225,000   SH    DEFINED      01       225,000
SARA LEE CORP                 COM   803111103      6,459     300,000   SH    DEFINED      01       300,000
SCHLUMBERGER LTD              COM   806857108     11,538     165,000   SH    DEFINED      01       165,000
SEMPRA ENERGY                 COM   816851109      7,549     126,000   SH    DEFINED      01       126,000
SIGMA ALDRICH                 COM   826552101      2,921      40,000   SH    DEFINED      01        40,000
SINA CORP                     COM   G81477104      5,524      85,000   SH    DEFINED      01        85,000
SOUTHERN CO/THE               COM   842587107      9,880     220,000   SH    DEFINED      01       220,000
SPECTRA ENERGY CORP           COM   847560109      7,888     250,000   SH    DEFINED      01       250,000
STANLEY BLACK + DECKER        COM   854502101      8,852     115,000   SH    DEFINED      01       115,000
STARBUCKS CORP                COM   855244109     10,062     180,000   SH    DEFINED      01       180,000
STATE STREET CORP             COM   857477103      3,412      75,000   SH    DEFINED      01        75,000
STERICYCLE INC                COM   858912108      5,855      70,000   SH    DEFINED      01        70,000
SYMANTEC CORP                 COM   871503108      2,804     150,000   SH    DEFINED      01       150,000
SYSCO CORP                    COM   871829107      7,460     250,000   SH    DEFINED      01       250,000
TARGET CORP                   COM   87612E106      5,244      90,000   SH    DEFINED      01        90,000
TELE NORTE LESTE PART ADR     ADR   879246106      1,627     143,323   SH    DEFINED      01       143,323
TIME WARNER CABLE             COM   88732J207      4,606      56,536   SH    DEFINED      01        56,536
TIME WARNER INC               COM   887317303      7,928     210,000   SH    DEFINED      01       210,000
TJX COMPANIES INC             COM   872540109      8,734     220,000   SH    DEFINED      01       220,000
TYCO INTERNATIONAL LTD        COM   H89128104      5,619     100,000   SH    DEFINED      01       100,000
UNITED PARCEL SERVICE         COM   911312106     16,140     200,000   SH    DEFINED      01       200,000
UNITED TECHNOLOGIES CORP      COM   913017109     15,755     190,000   SH    DEFINED      01       190,000
UNITEDHEALTH GROUP INC        COM   91324P102      8,252     140,000   SH    DEFINED      01       140,000
US BANCORP                    COM   902973304     14,243     450,000   SH    DEFINED      01       450,000
VALE SA SP ADR                ADR   91912E105      5,208     223,407   SH    DEFINED      01       223,407
VERIZON COMMUNICATIONS        COM   92343V104     19,100     500,000   SH    DEFINED      01       500,000
VIACOM INC CLASS B            COM   92553P201      9,967     210,000   SH    DEFINED      01       210,000
VISA INC CLASS A SHARES       COM   92826C839      6,844      58,000   SH    DEFINED      01        58,000
WAL MART STORES INC           COM   931142103     19,690     322,000   SH    DEFINED      01       322,000
WALT DISNEY CO/THE            COM   254687106     11,813     270,000   SH    DEFINED      01       270,000
WEATHERFORD INTL LTD          COM   H27013103      5,278     350,000   SH    DEFINED      01       350,000
WELLPOINT INC                 COM   94973V107      5,904      80,000   SH    DEFINED      01        80,000
WELLS FARGO + CO              COM   949746101     27,970     820,000   SH    DEFINED      01       820,000
WISCONSIN ENERGY CORP         COM   976657106      7,038     200,000   SH    DEFINED      01       200,000
YAHOO  INC                    COM   984332106      5,324     350,000   SH    DEFINED      01       350,000
                                               1,633,574