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BP plc – ‘20-F’ for 12/31/23 – ‘EX-101.LAB’

On:  Friday, 3/8/24, at 6:05am ET   ·   For:  12/31/23   ·   Accession #:  313807-24-8   ·   File #:  1-06262

Previous ‘20-F’:  ‘20-F’ on 3/10/23 for 12/31/22   ·   Latest ‘20-F’:  This Filing   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/08/24  BP plc                            20-F       12/31/23  214:132M

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML  11.44M 
                Non-Canadian Issuer                                              
 2: EX-2        Plan of Acquisition, Reorganization, Arrangement,   HTML    622K 
                Liquidation or Succession                                        
 3: EX-4.4      Instrument Defining the Rights of Security Holders  HTML     58K 
 4: EX-4.7      Instrument Defining the Rights of Security Holders  HTML     58K 
 6: EX-13       Annual or Quarterly Report to Security Holders      HTML     61K 
10: EX-17       Correspondence re: Departure of a Director          HTML     58K 
11: EX-97       Clawback Policy re: Recovery of Erroneously         HTML     66K 
                Awarded Compensation                                             
 5: EX-12       Statement re: the Computation of Ratios             HTML     66K 
 7: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     58K 
 8: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     98K 
 9: EX-15.5     Letter re: Unaudited Interim Financial Info         HTML     57K 
17: R1          Cover                                               HTML    214K 
18: R2          Group income statement                              HTML    127K 
19: R3          Group statement of comprehensive income             HTML    119K 
20: R4          Group statement of changes in equity                HTML    124K 
21: R5          Group balance sheet                                 HTML    185K 
22: R6          Group cash flow statement                           HTML    163K 
23: R7          Significant accounting policies, judgements,        HTML    257K 
                estimates and assumptions                                        
24: R8          Non-current assets held for sale (Notes)            HTML     78K 
25: R9          Business combinations                               HTML     82K 
26: R10         Disposals and impairment                            HTML    141K 
27: R11         Segmental analysis                                  HTML    243K 
28: R12         Sales and other operating revenues                  HTML     72K 
29: R13         Income statement analysis                           HTML     84K 
30: R14         Exploration for and evaluation of oil and natural   HTML     76K 
                gas resources                                                    
31: R15         Taxation                                            HTML    184K 
32: R16         Dividends                                           HTML     86K 
33: R17         Earnings per share                                  HTML    115K 
34: R18         Property, plant and equipment                       HTML    203K 
35: R19         Capital commitments                                 HTML     59K 
36: R20         Goodwill and impairment review of goodwill          HTML    112K 
37: R21         Intangible assets                                   HTML    131K 
38: R22         Investments in joint ventures (Notes)               HTML    215K 
39: R23         Investments in associates                           HTML    142K 
40: R24         Other investments                                   HTML    122K 
41: R25         Inventories                                         HTML     71K 
42: R26         Trade and other receivables                         HTML     78K 
43: R27         Valuation and qualifying accounts (Notes)           HTML     86K 
44: R28         Trade and other payables                            HTML     83K 
45: R29         Provisions                                          HTML    105K 
46: R30         Pensions and other post-retirement benefits         HTML    538K 
47: R31         Cash and cash equivalents                           HTML     66K 
48: R32         Finance debt                                        HTML     96K 
49: R33         Capital disclosures and net debt                    HTML    107K 
50: R34         Leases                                              HTML     82K 
51: R35         Financial instruments and financial risk factors    HTML    221K 
52: R36         Derivative financial instruments                    HTML    463K 
53: R37         Called-up share capital                             HTML    529K 
54: R38         Capital and reserves                                HTML    529K 
55: R39         Contingent liabilities and legal proceedings        HTML     77K 
56: R40         Remuneration of senior management and               HTML     80K 
                non-executive directors                                          
57: R41         Employee costs and numbers                          HTML    538K 
58: R42         Auditor?s remuneration                              HTML     76K 
59: R43         Subsidiaries, joint arrangements and associates     HTML     91K 
60: R44         Events after reporting period                       HTML     60K 
61: R45         Significant accounting policies, judgements,        HTML    310K 
                estimates and assumptions (Policies)                             
62: R46         Significant accounting policies, judgements,        HTML    220K 
                estimates and assumptions (Tables)                               
63: R47         Non-current assets held for sale (Tables)           HTML     75K 
64: R48         Business combinations (Tables)                      HTML     78K 
65: R49         Disposals and impairment (Tables)                   HTML    130K 
66: R50         Segmental analysis (Tables)                         HTML    236K 
67: R51         Sales and other operating revenues (Tables)         HTML     70K 
68: R52         Income statement analysis (Tables)                  HTML     84K 
69: R53         Exploration for and evaluation of oil and natural   HTML     75K 
                gas resources (Tables)                                           
70: R54         Taxation (Tables)                                   HTML    187K 
71: R55         Dividends (Tables)                                  HTML     85K 
72: R56         Earnings per share (Tables)                         HTML    112K 
73: R57         Property, plant and equipment (Tables)              HTML    207K 
74: R58         Goodwill and impairment review of goodwill          HTML    103K 
                (Tables)                                                         
75: R59         Intangible assets (Tables)                          HTML    131K 
76: R60         Investments in joint ventures (Tables)              HTML    210K 
77: R61         Investments in associates (Tables)                  HTML    141K 
78: R62         Other investments (Tables)                          HTML     69K 
79: R63         Inventories (Tables)                                HTML     70K 
80: R64         Trade and other receivables (Tables)                HTML     77K 
81: R65         Valuation and qualifying accounts (Tables)          HTML     84K 
82: R66         Trade and other payables (Tables)                   HTML     80K 
83: R67         Provisions (Tables)                                 HTML    102K 
84: R68         Pensions and other post-retirement benefits         HTML    500K 
                (Tables)                                                         
85: R69         Cash and cash equivalents (Tables)                  HTML     64K 
86: R70         Finance debt (Tables)                               HTML     97K 
87: R71         Capital disclosures and net debt (Tables)           HTML    105K 
88: R72         Leases (Tables)                                     HTML     82K 
89: R73         Financial instruments and financial risk factors    HTML    327K 
                (Tables)                                                         
90: R74         Derivative financial instruments (Tables)           HTML    461K 
91: R75         Called-up share capital (Tables)                    HTML    110K 
92: R76         Capital and reserves (Tables)                       HTML    467K 
93: R77         Remuneration of senior management and               HTML     76K 
                non-executive directors (Tables)                                 
94: R78         Employee costs and numbers (Tables)                 HTML     92K 
95: R79         Auditor?s remuneration (Tables)                     HTML     73K 
96: R80         Subsidiaries, joint arrangements and associates     HTML     91K 
                (Tables)                                                         
97: R81         Significant accounting policies, judgements,        HTML     87K 
                estimates and assumptions - Significant accounting               
                policies: use of judgements, estimates and                       
                assumptions (Details)                                            
98: R82         Significant accounting policies, judgements,        HTML     69K 
                estimates and assumptions - Significant judgement:               
                accounting for interests in other entities                       
                (Details)                                                        
99: R83         Significant accounting policies, judgements,        HTML     69K 
                estimates and assumptions - Intangible assets                    
                (Details)                                                        
100: R84         Significant accounting policies, judgements,        HTML     81K  
                estimates and assumptions - Summary of useful                    
                lives of property, plant and equipment (Details)                 
101: R85         Significant accounting policies, judgements,        HTML    131K  
                estimates and assumptions - Impairment of                        
                property, plant and equipment, intangible assets,                
                and goodwill (Details)                                           
102: R86         Significant accounting policies, judgements,        HTML     62K  
                estimates and assumptions - Significant judgement:               
                supplier financing arrangements (Details)                        
103: R87         Significant accounting policies, judgements,        HTML    104K  
                estimates and assumptions - Provisions and                       
                contingencies, decommissioning, environmental                    
                expenditures and liabilities (Details)                           
104: R88         Non-current assets held for sale - Narrative        HTML     77K  
                (Details)                                                        
105: R89         Non-current assets held for sale (Details)          HTML     99K  
106: R90         Business combinations - Narrative (Details)         HTML     80K  
107: R91         Business combinations - Summary of fair values of   HTML    103K  
                identifiable assets and liabilities acquired                     
                (Details)                                                        
108: R92         Disposals and impairment - Schedule of amounts      HTML     83K  
                recognized in the income statement in respect of                 
                disposals and impairments (Details)                              
109: R93         Disposals and impairment - Schedule of proceeds     HTML     75K  
                and principal gains and losses on disposals by                   
                segment (Details)                                                
110: R94         Disposals and impairment - Narrative (Details)      HTML    192K  
111: R95         Disposals and impairment - Summary of financial     HTML     95K  
                information relating to the sale of businesses                   
                (Details)                                                        
112: R96         Segmental analysis - Narrative (Details)            HTML     58K  
113: R97         Segmental analysis - Results by Segment (Details)   HTML    149K  
114: R98         Segmental analysis - Results by Geographical Area   HTML     72K  
                (Details)                                                        
115: R99         Sales and other operating revenues (Details)        HTML     73K  
116: R100        Income statement analysis - Summary of              HTML    101K  
                non-operating income and expense (Details)                       
117: R101        Exploration for and evaluation of oil and natural   HTML     87K  
                gas resources - Summary of exploration and                       
                evaluation information (Details)                                 
118: R102        Taxation - Disclosure of major components of tax    HTML     78K  
                expense (Details)                                                
119: R103        Taxation - Narrative (Details)                      HTML     78K  
120: R104        Taxation - Disclosure of reconciliation of items    HTML    113K  
                affected by overall tax credit (Details)                         
121: R105        Taxation - Disclosure of movement in net deferred   HTML     70K  
                tax liability (Details)                                          
122: R106        Taxation - Disclosure of deferred tax in the        HTML    119K  
                income statement and the balance sheet by category               
                of temporary difference (Details)                                
123: R107        Taxation - Disclosure of temporary differences,     HTML     83K  
                unused tax credits and unused tax losses (Details)               
124: R108        Taxation - Disclosure of unrecognized deferred tax  HTML     66K  
                or write-down of deferred tax assets (Details)                   
125: R109        Dividends - Narrative (Details)                     HTML     65K  
126: R110        Dividends - Schedule of dividends announced and     HTML     86K  
                paid (Details)                                                   
127: R111        Earnings per share - Earnings per share, basic and  HTML     66K  
                diluted (Details)                                                
128: R112        Earnings per share - Weighted average number of     HTML     76K  
                shares outstanding reconciliation (Details)                      
129: R113        Earnings per share - Narrative (Details)            HTML     70K  
130: R114        Earnings per share - Dilutive effect of share       HTML     76K  
                options (Details)                                                
131: R115        Earnings per share - Dilutive effect of share       HTML     76K  
                units (Details)                                                  
132: R116        Property, plant and equipment - Summary of          HTML    210K  
                property, plant and equipment (Details)                          
133: R117        Capital commitments (Details)                       HTML     65K  
134: R118        Goodwill and impairment review of goodwill -        HTML     78K  
                Disclosure of reconciliation of goodwill (Details)               
135: R119        Goodwill and impairment review of goodwill -        HTML     83K  
                Disclosure of goodwill by segment (Details)                      
136: R120        Goodwill and impairment review of goodwill -        HTML     91K  
                Narrative (Details)                                              
137: R121        Intangible assets - Schedule of intangible assets   HTML    129K  
                (Details)                                                        
138: R122        Investments in joint ventures - Summarized          HTML     72K  
                aggregate financial information of joint ventures                
                (Details)                                                        
139: R123        Investments in joint ventures - Narrative           HTML     89K  
                (Details)                                                        
140: R124        Investments in joint ventures - Summarized          HTML    165K  
                financial information relating to joint ventures                 
                (Details)                                                        
141: R125        Investments in joint ventures - Summarized          HTML    179K  
                financial information relating to the group's                    
                share of joint ventures (Details)                                
142: R126        Investments in joint ventures - Transactions        HTML     69K  
                between group and its joint ventures (Details)                   
143: R127        Investments in associates - Summarized aggregate    HTML    154K  
                financial information of associates (Details)                    
144: R128        Investments in associates - Narrative (Details)     HTML     78K  
145: R129        Investments in associates - Summarized financial    HTML    151K  
                information relating to associates (Details)                     
146: R130        Investments in associates - Summary of              HTML     68K  
                transactions between the group and its associates                
                (Details)                                                        
147: R131        Other investments - Schedule of other investments   HTML     69K  
                (Details)                                                        
148: R132        Inventories - Schedule of inventories (Details)     HTML     77K  
149: R133        Inventories - Narrative (Details)                   HTML     63K  
150: R134        Trade and other receivables - Summary of trade and  HTML     94K  
                other receivables (Details)                                      
151: R135        Valuation and qualifying accounts - Schedule of     HTML     79K  
                valuation and qualifying accounts (Details)                      
152: R136        Trade and other payables - Schedule of trade and    HTML    101K  
                other payables (Details)                                         
153: R137        Trade and other payables - Narrative (Details)      HTML     70K  
154: R138        Provisions - Schedule of provisions (Details)       HTML    118K  
155: R139        Pensions and other post-retirement benefits -       HTML     89K  
                Narrative (Details)                                              
156: R140        Pensions and other post-retirement benefits -       HTML     87K  
                Details of assumptions used to estimate benefit                  
                obligations (Details)                                            
157: R141        Pensions and other post-retirement benefits -       HTML     81K  
                Summary of mortality assumptions (Details)                       
158: R142        Pensions and other post-retirement benefits -       HTML     67K  
                Current asset allocation (Details)                               
159: R143        Pensions and other post-retirement benefits - Fair  HTML    132K  
                value of assets held by the defined benefit plans                
                (Details)                                                        
160: R144        Pensions and other post-retirement benefits -       HTML    306K  
                Analysis of the amounts charged to profit (Loss),                
                Recognized in Other Comprehensive Income, and                    
                Movement in Obligations (Details)                                
161: R145        Pensions and other post-retirement benefits -       HTML     83K  
                Sensitivity analysis and actuarial assumptions                   
                (Details)                                                        
162: R146        Pensions and other post-retirement benefits -       HTML     69K  
                Effect of longevity on expenses and obligations                  
                (Details)                                                        
163: R147        Pensions and other post-retirement benefits -       HTML     85K  
                Expected future benefit payments (Details)                       
164: R148        Cash and cash equivalents - Schedule of cash and    HTML     66K  
                cash equivalents (Details)                                       
165: R149        Cash and cash equivalents - Narrative (Details)     HTML     64K  
166: R150        Finance debt - Summary of current and non-current   HTML     66K  
                borrowings (Details)                                             
167: R151        Finance debt - Narrative (Details)                  HTML     74K  
168: R152        Finance debt - Summary of weighted average          HTML     81K  
                interest rates (Details)                                         
169: R153        Finance debt - Summary of fair value and carrying   HTML     69K  
                value of borrowings (Details)                                    
170: R154        Capital disclosures and net debt - Disclosure of    HTML     82K  
                the net debt ratio (Details)                                     
171: R155        Capital disclosures and net debt - Disclosure of    HTML    106K  
                reconciliation of liabilities arising from                       
                financing activities (Details)                                   
172: R156        Capital disclosures and net debt - Narrative        HTML     61K  
                (Details)                                                        
173: R157        Leases - Narrative (Details)                        HTML     61K  
174: R158        Leases - Disclosure of maturity analysis of         HTML     83K  
                operating lease payments (Details)                               
175: R159        Leases - Disclosure of quantitative information     HTML     66K  
                about right-of-use assets (Details)                              
176: R160        Financial instruments and financial risk factors -  HTML    115K  
                Schedule of financial assets and liabilities                     
                (Details)                                                        
177: R161        Financial instruments and financial risk factors -  HTML    192K  
                Narrative (Details)                                              
178: R162        Financial instruments and financial risk factors -  HTML     73K  
                Summary of credit risk profile of financial assets               
                (Details)                                                        
179: R163        Financial instruments and financial risk factors -  HTML    108K  
                Financial instruments subject to offsetting,                     
                enforceable master netting arrangements and                      
                similar agreements (Details)                                     
180: R164        Financial instruments and financial risk factors -  HTML    114K  
                Schedule of timing of cash outflows (Details)                    
181: R165        Financial instruments and financial risk factors -  HTML     79K  
                Schedule of future cash outflows for derivative                  
                instruments (Details)                                            
182: R166        Derivative financial instruments - Summary of fair  HTML    107K  
                value of derivative instruments (Details)                        
183: R167        Derivative financial instruments - Summary of       HTML    132K  
                maturities of derivative assets and liabilities                  
                (Details)                                                        
184: R168        Derivative financial instruments - Analysis of      HTML    147K  
                fair value derivative sssets and liabilities by                  
                maturity and fair value estimation (Details)                     
185: R169        Derivative financial instruments - Disclosure of    HTML     95K  
                changes in fair value of derivative instruments                  
                (Details)                                                        
186: R170        Derivative financial instruments - Narrative        HTML     81K  
                (Details)                                                        
187: R171        Derivative financial instruments - Fair value of    HTML     73K  
                hedge ineffectiveness (Details)                                  
188: R172        Derivative financial instruments - Carrying and     HTML     73K  
                notional amounts of hedges (Details)                             
189: R173        Derivative financial instruments - Weighted         HTML     66K  
                average exchange rates and sales prices, cash flow               
                hedges (Details)                                                 
190: R174        Derivative financial instruments - Summary of       HTML     71K  
                changes in fair value, hedges used to calculate                  
                ineffectiveness (Details)                                        
191: R175        Derivative financial instruments - Summary of       HTML     69K  
                carrying amount of fair value hedges (Details)                   
192: R176        Derivative financial instruments - Summary of       HTML     86K  
                tenor of nominal amount of hedges (Details)                      
193: R177        Derivative financial instruments - Weighted         HTML     69K  
                average exchange rates of hedges (Details)                       
194: R178        Derivative financial instruments - Accumulated      HTML     73K  
                fair value adjustments of the hedged items                       
                (Details)                                                        
195: R179        Derivative financial instruments - Movement in      HTML    116K  
                reserves related to hedge accounting (Details)                   
196: R180        Called-up share capital - Summary of allotted,      HTML    102K  
                called up and fully paid share capital (Details)                 
197: R181        Called-up share capital - Narrative (Details)       HTML     81K  
198: R182        Called-up share capital - Treasury shares           HTML     77K  
                (Details)                                                        
199: R183        Capital and reserves - Summary of reserves and      HTML    236K  
                other equity interest (Details)                                  
200: R184        Capital and reserves - Narrative (Details)          HTML    106K  
201: R185        Capital and reserves - Summary of pre-tax tax       HTML    136K  
                amounts of component of other comprehensive income               
                (Details)                                                        
202: R186        Contingent liabilities and legal proceedings -      HTML     91K  
                Disclosure of legal proceedings (Details)                        
203: R187        Remuneration of senior management and               HTML     73K  
                non-executive directors - Remuneration of                        
                directors, senior managment, and non-executive                   
                directors (Details)                                              
204: R188        Employee costs and numbers (Details)                HTML     98K  
205: R189        Auditor?s remuneration - Summary of auditor's       HTML     72K  
                remuneration (Details)                                           
206: R190        Auditor?s remuneration - Narrative (Details)        HTML     68K  
207: R191        Subsidiaries, joint arrangements and associates -   HTML    112K  
                Disclosures of interests in subsidiaries, joint                  
                arrangements, and associates (Details)                           
208: R192        Events after reporting period (Details)             HTML     69K  
209: R9999       Uncategorized Items - bp-20231231.htm               HTML     71K  
211: XML         IDEA XML File -- Filing Summary                      XML    446K  
214: XML         XBRL Instance -- bp-20231231_htm                     XML  12.90M  
210: EXCEL       IDEA Workbook of Financial Report Info              XLSX    603K  
13: EX-101.CAL  XBRL Calculations -- bp-20231231_cal                 XML    553K 
14: EX-101.DEF  XBRL Definitions -- bp-20231231_def                  XML   2.97M 
15: EX-101.LAB  XBRL Labels -- bp-20231231_lab                       XML   4.50M 
16: EX-101.PRE  XBRL Presentations -- bp-20231231_pre                XML   3.62M 
12: EX-101.SCH  XBRL Schema -- bp-20231231                           XSD    720K 
212: JSON        XBRL Instance as JSON Data -- MetaLinks              942±  1.54M  
213: ZIP         XBRL Zipped Folder -- 0000313807-24-000008-xbrl      Zip  38.87M  


‘EX-101.LAB’   —   XBRL Labels — bp-20231231_lab


This Exhibit is an XBRL File.


                                                                                                                                                                                
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<link:label id="lab_bp_BPHoldingsNorthAmericaMember_documentation_en-US" xlink:label="lab_bp_BPHoldingsNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Holdings North America [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPHoldingsNorthAmericaMember" xlink:href="bp-20231231.xsd#bp_BPHoldingsNorthAmericaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPHoldingsNorthAmericaMember" xlink:to="lab_bp_BPHoldingsNorthAmericaMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GovernmentIssuedIndexlinkedBondsMember_085380ce-aa59-4452-9bec-868f37369218_terseLabel_en-US" xlink:label="lab_bp_GovernmentIssuedIndexlinkedBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Government issued index-linked bondsd </link:label>
<link:label id="lab_bp_GovernmentIssuedIndexlinkedBondsMember_label_en-US" xlink:label="lab_bp_GovernmentIssuedIndexlinkedBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Government Issued Index-linked Bonds [Member] </link:label>
<link:label id="lab_bp_GovernmentIssuedIndexlinkedBondsMember_documentation_en-US" xlink:label="lab_bp_GovernmentIssuedIndexlinkedBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Government Issued Index-linked Bonds [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GovernmentIssuedIndexlinkedBondsMember" xlink:href="bp-20231231.xsd#bp_GovernmentIssuedIndexlinkedBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GovernmentIssuedIndexlinkedBondsMember" xlink:to="lab_bp_GovernmentIssuedIndexlinkedBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GrossCarryingAmountMember_c1546bd8-a14f-4701-84f0-0b3959d7e8b4_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount </link:label>
<link:label id="lab_ifrs-full_GrossCarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gross carrying amount [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossCarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GrossCarryingAmountMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_ifrs-full_GrossCarryingAmountMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable_a775e5ae-1323-44e6-b952-1c5b7d542a16_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of defined benefit plans [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of defined benefit plans [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:to="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RevenueFromContractsWithCustomersAbstract_ae86da93-9cb9-47e3-8210-228ee0787382_terseLabel_en-US" xlink:label="lab_bp_RevenueFromContractsWithCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenue From Contracts With Customers [Abstract] </link:label>
<link:label id="lab_bp_RevenueFromContractsWithCustomersAbstract_label_en-US" xlink:label="lab_bp_RevenueFromContractsWithCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue from contracts with customers [Abstract] </link:label>
<link:label id="lab_bp_RevenueFromContractsWithCustomersAbstract_documentation_en-US" xlink:label="lab_bp_RevenueFromContractsWithCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Revenue From Contracts With Customers [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RevenueFromContractsWithCustomersAbstract" xlink:href="bp-20231231.xsd#bp_RevenueFromContractsWithCustomersAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RevenueFromContractsWithCustomersAbstract" xlink:to="lab_bp_RevenueFromContractsWithCustomersAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock_f8a9cd17-f388-4df9-a2da-0400a78877d3_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of valuation and qualifying accounts </link:label>
<link:label id="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Schedule of Valuation and Qualifying Accounts Disclosure [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Schedule of Valuation and Qualifying Accounts Disclosure [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock" xlink:to="lab_bp_DisclosureOfScheduleofValuationandQualifyingAccountsDisclosureTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SurplusDeficitInPlan_b6e97589-a706-40fb-91e7-37b4448927f0_terseLabel_en-US" xlink:label="lab_ifrs-full_SurplusDeficitInPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) at 31 December </link:label>
<link:label id="lab_ifrs-full_SurplusDeficitInPlan_label_en-US" xlink:label="lab_ifrs-full_SurplusDeficitInPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SurplusDeficitInPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SurplusDeficitInPlan"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SurplusDeficitInPlan" xlink:to="lab_ifrs-full_SurplusDeficitInPlan" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_e035215a-2c13-4cd3-b12a-414d72b70b75_terseLabel_en-US" xlink:label="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exposure to credit risk on loan commitments and financial guarantee contracts </link:label>
<link:label id="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_label_en-US" xlink:label="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Exposure to credit risk on loan commitments and financial guarantee contracts </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:to="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset_d23cad87-ce54-4748-b63a-e6a2ec2a28f3_terseLabel_en-US" xlink:label="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other non-current receivables non-finance asset </link:label>
<link:label id="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset_label_en-US" xlink:label="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Non-Current Receivables, Non-Financial Asset </link:label>
<link:label id="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset_documentation_en-US" xlink:label="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Non-Current Receivables, Non-Financial Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherNonCurrentReceivablesNonFinancialAsset" xlink:href="bp-20231231.xsd#bp_OtherNonCurrentReceivablesNonFinancialAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherNonCurrentReceivablesNonFinancialAsset" xlink:to="lab_bp_OtherNonCurrentReceivablesNonFinancialAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForJointVenturesMember_dc012449-6f1b-40c3-bbd4-7bbff12f1e3d_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for joint ventures [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForJointVenturesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for joint ventures [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForJointVenturesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForJointVenturesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForJointVenturesMember" xlink:to="lab_ifrs-full_EntitysTotalForJointVenturesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDividendsExplanatory_632dc2a8-e91a-4657-bd2b-9e9a5300eecb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDividendsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDividendsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDividendsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of dividends [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDividendsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDividendsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDividendsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDividendsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TreasurySharesMember_d84ac7a9-4b8b-4727-ab2d-9af07eb89074_terseLabel_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Treasury shares [member] </link:label>
<link:label id="lab_ifrs-full_TreasurySharesMember_label_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury shares [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasurySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TreasurySharesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasurySharesMember" xlink:to="lab_ifrs-full_TreasurySharesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentNaturalGas_bf7b4f27-b9e9-4bbe-90a6-2c4e12205d43_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentNaturalGas" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Natural gas </link:label>
<link:label id="lab_ifrs-full_CurrentNaturalGas_label_en-US" xlink:label="lab_ifrs-full_CurrentNaturalGas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current natural gas </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentNaturalGas" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentNaturalGas"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentNaturalGas" xlink:to="lab_ifrs-full_CurrentNaturalGas" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember_a982bfde-830c-4ff2-91ea-bc668ebebb15_terseLabel_en-US" xlink:label="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> gas & low carbon energy and oil production & operations [Member] </link:label>
<link:label id="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember_label_en-US" xlink:label="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> gas & low carbon energy and oil production & operations [Member] </link:label>
<link:label id="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember_documentation_en-US" xlink:label="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> gas & low carbon energy and oil production & operations </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GasLowCarbonEnergyAndOilProductionOperationsMember" xlink:href="bp-20231231.xsd#bp_GasLowCarbonEnergyAndOilProductionOperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GasLowCarbonEnergyAndOilProductionOperationsMember" xlink:to="lab_bp_GasLowCarbonEnergyAndOilProductionOperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_aad510ca-a224-43d0-a5d6-aa0c739d0485_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current liabilities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentLiabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_dd5a7fca-6519-4072-bdd8-52117ec15703_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segmental reporting </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for segment reporting [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_d8a734b9-7c73-43c5-926a-efa0425d3f88_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amounts received under incentive schemes and share-based payments </link:label>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key management personnel compensation, share-based payment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPCompanyNorthAmericaMember_34e49dbc-730a-43a2-9407-c8e2b4afd55d_terseLabel_en-US" xlink:label="lab_bp_BPCompanyNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Company North America Inc. </link:label>
<link:label id="lab_bp_BPCompanyNorthAmericaMember_label_en-US" xlink:label="lab_bp_BPCompanyNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Company North America [Member] </link:label>
<link:label id="lab_bp_BPCompanyNorthAmericaMember_documentation_en-US" xlink:label="lab_bp_BPCompanyNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Company North America [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPCompanyNorthAmericaMember" xlink:href="bp-20231231.xsd#bp_BPCompanyNorthAmericaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPCompanyNorthAmericaMember" xlink:to="lab_bp_BPCompanyNorthAmericaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities_6198514f-7527-438a-a8d9-6890cfa507fa_terseLabel_en-US" xlink:label="lab_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from loan repayments </link:label>
<link:label id="lab_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash receipts from repayment of advances and loans made to other parties, classified as investing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities"/>
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<link:label id="lab_ifrs-full_FinancialAssetsCategoryMember_8e876bcf-bbae-41d8-913c-4a140024ca86_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets, category [member] </link:label>
<link:label id="lab_ifrs-full_FinancialAssetsCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial assets, category [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsCategoryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember_4522d5fc-efc5-4822-84d9-d055adc2b692_terseLabel_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Member] </link:label>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember_label_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Member] </link:label>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember_documentation_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember" xlink:href="bp-20231231.xsd#bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember" xlink:to="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_63c8df18-0393-4ad9-a304-48df50ff05cd_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Effect on pension and other post-retirement benefit obligation at 31, December 2023, Increase </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_937fcea4-6a0c-4d08-bbab-135f9cc97183_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption"/>
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<link:label id="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember_0a03c034-15aa-49f9-86f8-f537744e46c2_terseLabel_en-US" xlink:label="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.875% Perpetual Subordinated Non-Call 10 Fixed Rate Reset Notes </link:label>
<link:label id="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember_label_en-US" xlink:label="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.875% Perpetual Subordinated Non-Call 10 Fixed Rate Reset Notes [Member] </link:label>
<link:label id="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember_documentation_en-US" xlink:label="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.875% Perpetual Subordinated Non-Call 10 Fixed Rate Reset Notes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember" xlink:href="bp-20231231.xsd#bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember" xlink:to="lab_bp_A4875PerpetualSubordinatedNonCall10FixedRateResetNotesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EniMember_1a2c55ed-c3eb-477e-af40-ac47568974df_terseLabel_en-US" xlink:label="lab_bp_EniMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Eni </link:label>
<link:label id="lab_bp_EniMember_label_en-US" xlink:label="lab_bp_EniMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Eni [Member] </link:label>
<link:label id="lab_bp_EniMember_documentation_en-US" xlink:label="lab_bp_EniMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Eni </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EniMember" xlink:href="bp-20231231.xsd#bp_EniMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EniMember" xlink:to="lab_bp_EniMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PostemploymentRetirementBenefits1Member_cdc5d779-69f9-46ea-965d-8f5daa4fff83_terseLabel_en-US" xlink:label="lab_bp_PostemploymentRetirementBenefits1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Postemployment retirement benefits </link:label>
<link:label id="lab_bp_PostemploymentRetirementBenefits1Member_label_en-US" xlink:label="lab_bp_PostemploymentRetirementBenefits1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Postemployment Retirement Benefits 1 [Member] </link:label>
<link:label id="lab_bp_PostemploymentRetirementBenefits1Member_documentation_en-US" xlink:label="lab_bp_PostemploymentRetirementBenefits1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Postemployment Retirement Benefits 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PostemploymentRetirementBenefits1Member" xlink:href="bp-20231231.xsd#bp_PostemploymentRetirementBenefits1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PostemploymentRetirementBenefits1Member" xlink:to="lab_bp_PostemploymentRetirementBenefits1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentProvisions_cb8d4174-6bad-4944-90a6-eaaf44811f75_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provisions </link:label>
<link:label id="lab_ifrs-full_CurrentProvisions_0afea392-4dda-434c-9e30-afbf881a7f1b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Current provisions </link:label>
<link:label id="lab_ifrs-full_CurrentProvisions_7a8d056c-197d-46de-af74-02a4b4cd575c_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Current provisions </link:label>
<link:label id="lab_ifrs-full_CurrentProvisions_label_en-US" xlink:label="lab_ifrs-full_CurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentProvisions" xlink:to="lab_ifrs-full_CurrentProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract_960899c0-c9ce-4a11-aa49-ca9deaa191ee_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Business combinations [Abstract] </link:label>
<link:label id="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract_label_en-US" xlink:label="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of business combinations and other significant transactions [Abstract] </link:label>
<link:label id="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract" xlink:to="lab_bp_DisclosureOfBusinessCombinationsAndOtherSignificantTransactionsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_87f83269-6323-465b-ad21-ffd51d1abd15_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation, depletion and amortization </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for depreciation and amortisation expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinancialAssetsLiabilities_9e7bf820-a431-4240-99e5-88aa80e97ed5_terseLabel_en-US" xlink:label="lab_bp_FinancialAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets (liabilities) </link:label>
<link:label id="lab_bp_FinancialAssetsLiabilities_label_en-US" xlink:label="lab_bp_FinancialAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Assets (Liabilities) </link:label>
<link:label id="lab_bp_FinancialAssetsLiabilities_documentation_en-US" xlink:label="lab_bp_FinancialAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financial Assets (Liabilities) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinancialAssetsLiabilities" xlink:href="bp-20231231.xsd#bp_FinancialAssetsLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinancialAssetsLiabilities" xlink:to="lab_bp_FinancialAssetsLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock_616d9d0b-d58c-4d90-9112-4e2667f60505_terseLabel_en-US" xlink:label="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of fair values of identifiable assets and liabilities acquired </link:label>
<link:label id="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock_label_en-US" xlink:label="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed [Text Block] </link:label>
<link:label id="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock_documentation_en-US" xlink:label="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock" xlink:href="bp-20231231.xsd#bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock" xlink:to="lab_bp_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PanAmericanEnergyGroupMember_7664622d-b847-4234-824e-fdb858b3b1a9_terseLabel_en-US" xlink:label="lab_bp_PanAmericanEnergyGroupMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pan American Energy Group [Member] </link:label>
<link:label id="lab_bp_PanAmericanEnergyGroupMember_label_en-US" xlink:label="lab_bp_PanAmericanEnergyGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pan American Energy Group [Member] </link:label>
<link:label id="lab_bp_PanAmericanEnergyGroupMember_documentation_en-US" xlink:label="lab_bp_PanAmericanEnergyGroupMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Pan American Energy Group </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PanAmericanEnergyGroupMember" xlink:href="bp-20231231.xsd#bp_PanAmericanEnergyGroupMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PanAmericanEnergyGroupMember" xlink:to="lab_bp_PanAmericanEnergyGroupMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmissionAllowances_cb6943bb-bb31-4520-bb42-00ef8f7c7086_terseLabel_en-US" xlink:label="lab_bp_EmissionAllowances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Emission allowances </link:label>
<link:label id="lab_bp_EmissionAllowances_label_en-US" xlink:label="lab_bp_EmissionAllowances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Emission allowances </link:label>
<link:label id="lab_bp_EmissionAllowances_documentation_en-US" xlink:label="lab_bp_EmissionAllowances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Emission allowances </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmissionAllowances" xlink:href="bp-20231231.xsd#bp_EmissionAllowances"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmissionAllowances" xlink:to="lab_bp_EmissionAllowances" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities_607cbe8a-f486-45e4-b9c4-80716c29c8f7_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash used in investing activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) exploration for and evaluation of mineral resources, classified as investing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GulfOfMexicoOilSpillMember_bf7a15a1-ccb5-4018-a087-95d74c11ff23_terseLabel_en-US" xlink:label="lab_bp_GulfOfMexicoOilSpillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gulf of Mexico Oil Spill </link:label>
<link:label id="lab_bp_GulfOfMexicoOilSpillMember_label_en-US" xlink:label="lab_bp_GulfOfMexicoOilSpillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gulf Of Mexico Oil Spill [Member] </link:label>
<link:label id="lab_bp_GulfOfMexicoOilSpillMember_documentation_en-US" xlink:label="lab_bp_GulfOfMexicoOilSpillMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gulf Of Mexico Oil Spill [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GulfOfMexicoOilSpillMember" xlink:href="bp-20231231.xsd#bp_GulfOfMexicoOilSpillMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GulfOfMexicoOilSpillMember" xlink:to="lab_bp_GulfOfMexicoOilSpillMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_WagesAndSalaries_e8d19fe5-44a8-4f9f-b280-12d99134f3de_terseLabel_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Wages and salaries </link:label>
<link:label id="lab_ifrs-full_WagesAndSalaries_label_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Wages and salaries </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WagesAndSalaries" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WagesAndSalaries"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WagesAndSalaries" xlink:to="lab_ifrs-full_WagesAndSalaries" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFiveAndThereafter_e9bdcd43-d57d-4f52-b184-e425d1819654_terseLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFiveAndThereafter" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of equity instruments other than options, expected to vest over four years (in shares) </link:label>
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<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFiveAndThereafter_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFiveAndThereafter" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Five And Thereafter </link:label>
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<link:label id="lab_bp_ProvisionalMember_label_en-US" xlink:label="lab_bp_ProvisionalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisional [Member] </link:label>
<link:label id="lab_bp_ProvisionalMember_documentation_en-US" xlink:label="lab_bp_ProvisionalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisional </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionalMember" xlink:to="lab_bp_ProvisionalMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable_771479ec-aec9-455b-833c-1addcf2294a1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedged items [table] </link:label>
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<link:label id="lab_bp_AkerBPMember_d803c614-7405-4258-abef-5cbbbd902995_terseLabel_en-US" xlink:label="lab_bp_AkerBPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Aker BP [Member] </link:label>
<link:label id="lab_bp_AkerBPMember_label_en-US" xlink:label="lab_bp_AkerBPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aker BP [Member] </link:label>
<link:label id="lab_bp_AkerBPMember_documentation_en-US" xlink:label="lab_bp_AkerBPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Aker BP </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AkerBPMember" xlink:href="bp-20231231.xsd#bp_AkerBPMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AkerBPMember" xlink:to="lab_bp_AkerBPMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_f41a4b15-eb0b-4c6c-bf1a-ca8d32e83d36_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from disposals of businesses, net of cash disposed </link:label>
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<link:label id="lab_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from losing control of subsidiaries or other businesses, classified as investing activities </link:label>
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<link:label id="lab_bp_DefinedBenefitPlanParticipantsMember_f2e69e3d-d223-45ec-ac49-b87629f731c8_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlanParticipantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plan Participants [Member] </link:label>
<link:label id="lab_bp_DefinedBenefitPlanParticipantsMember_label_en-US" xlink:label="lab_bp_DefinedBenefitPlanParticipantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plan Participants [Member] </link:label>
<link:label id="lab_bp_DefinedBenefitPlanParticipantsMember_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlanParticipantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plan Participants [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlanParticipantsMember" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlanParticipantsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlanParticipantsMember" xlink:to="lab_bp_DefinedBenefitPlanParticipantsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense_7fccb1e8-39e1-4542-a68d-fc25b397936b_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current tax benefit relating to the utilization of previously unrecognized deferred tax assets </link:label>
<link:label id="lab_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense_label_en-US" xlink:label="lab_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce current tax expense </link:label>
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<link:label id="lab_bp_TaxRateEffectFromImpositionOfNewTaxes_515ae7e6-0f70-444b-972f-a4e5189865f2_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectFromImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax rate effect from imposition of new taxes </link:label>
<link:label id="lab_bp_TaxRateEffectFromImpositionOfNewTaxes_label_en-US" xlink:label="lab_bp_TaxRateEffectFromImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax rate effect from imposition of new taxes </link:label>
<link:label id="lab_bp_TaxRateEffectFromImpositionOfNewTaxes_documentation_en-US" xlink:label="lab_bp_TaxRateEffectFromImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax rate effect from imposition of new taxes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxRateEffectFromImpositionOfNewTaxes" xlink:href="bp-20231231.xsd#bp_TaxRateEffectFromImpositionOfNewTaxes"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TaxRateEffectFromImpositionOfNewTaxes" xlink:to="lab_bp_TaxRateEffectFromImpositionOfNewTaxes" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RetirementPlanType1Domain_1d0a4f9e-976b-4e07-96c2-59c9d989892b_terseLabel_en-US" xlink:label="lab_bp_RetirementPlanType1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Domain] </link:label>
<link:label id="lab_bp_RetirementPlanType1Domain_label_en-US" xlink:label="lab_bp_RetirementPlanType1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Domain] </link:label>
<link:label id="lab_bp_RetirementPlanType1Domain_documentation_en-US" xlink:label="lab_bp_RetirementPlanType1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RetirementPlanType1Domain" xlink:href="bp-20231231.xsd#bp_RetirementPlanType1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RetirementPlanType1Domain" xlink:to="lab_bp_RetirementPlanType1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods_8db386e9-caf7-4f6c-bc1a-cbe15a8fc08f_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments in respect of prior years </link:label>
<link:label id="lab_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods_label_en-US" xlink:label="lab_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect Of Adjustments For Current And Deferred Tax Of Prior Periods </link:label>
<link:label id="lab_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods_documentation_en-US" xlink:label="lab_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect Of Adjustments For Current And Deferred Tax Of Prior Periods </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods" xlink:href="bp-20231231.xsd#bp_TaxRateEffectOfAdjustmentsForCurrentAndDeferredTaxOfPriorPeriods"/>
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<link:label id="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_5ec196ff-fedd-4428-98f7-3c09001f650e_totalLabel_en-US" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net amounts presented on the balance sheet </link:label>
<link:label id="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_label_en-US" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position </link:label>
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<link:label id="lab_bp_CurrencyForwardContractUSDAndEuroMember_0c020ad7-56de-47b6-beb6-f53e2126fbb3_terseLabel_en-US" xlink:label="lab_bp_CurrencyForwardContractUSDAndEuroMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, USD and Euro [Member] </link:label>
<link:label id="lab_bp_CurrencyForwardContractUSDAndEuroMember_label_en-US" xlink:label="lab_bp_CurrencyForwardContractUSDAndEuroMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, USD and Euro [Member] </link:label>
<link:label id="lab_bp_CurrencyForwardContractUSDAndEuroMember_documentation_en-US" xlink:label="lab_bp_CurrencyForwardContractUSDAndEuroMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, USD and Euro </link:label>
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<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_ae87471c-39fb-42cd-ac70-f0484acfec6b_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current trade payables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current trade payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
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<link:label id="lab_bp_DebtInstrumentsAndCashAndCashEquivalentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage_a4beeabb-0b99-4880-9587-13f7e45fb39f_terseLabel_en-US" xlink:label="lab_bp_DebtInstrumentsAndCashAndCashEquivalentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Bonds/cash (including LDI) </link:label>
<link:label id="lab_bp_DebtInstrumentsAndCashAndCashEquivalentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage_label_en-US" xlink:label="lab_bp_DebtInstrumentsAndCashAndCashEquivalentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instruments And Cash And Cash Equivalents, Amount Contributed To Fair Value Of Plan Assets, Allocation Percentage </link:label>
<link:label id="lab_bp_DebtInstrumentsAndCashAndCashEquivalentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage_documentation_en-US" xlink:label="lab_bp_DebtInstrumentsAndCashAndCashEquivalentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt Instruments And Cash And Cash Equivalents, Amount Contributed To Fair Value Of Plan Assets, Allocation Percentage </link:label>
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<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_96b46374-9af5-4a9e-aa77-0aed663c018f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities [line items] </link:label>
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<link:label id="lab_bp_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_f3063094-6d91-41cc-aeab-326855e8c57f_terseLabel_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basis of consolidation </link:label>
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<link:label id="lab_bp_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_documentation_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Description Of Accounting Policy For Basis Of Consolidation [Policy Text Block] </link:label>
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<link:label id="lab_bp_HydrocarbonInventoryMember_6602772f-5737-4dfd-a35c-91ca550e05c6_terseLabel_en-US" xlink:label="lab_bp_HydrocarbonInventoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hydrocarbon Inventories </link:label>
<link:label id="lab_bp_HydrocarbonInventoryMember_label_en-US" xlink:label="lab_bp_HydrocarbonInventoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hydrocarbon Inventory [Member] </link:label>
<link:label id="lab_bp_HydrocarbonInventoryMember_documentation_en-US" xlink:label="lab_bp_HydrocarbonInventoryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Hydrocarbon Inventory [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_HydrocarbonInventoryMember" xlink:href="bp-20231231.xsd#bp_HydrocarbonInventoryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_HydrocarbonInventoryMember" xlink:to="lab_bp_HydrocarbonInventoryMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_1ae72620-4d33-4dfe-981b-658e90f4cad0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other receivables [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory"/>
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<link:label id="lab_bp_DisclosureofnonfinancialliabilitiesAbstract_57e3d493-6d7e-4633-b33a-ff4e1c9187a8_terseLabel_en-US" xlink:label="lab_bp_DisclosureofnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-financial liabilities </link:label>
<link:label id="lab_bp_DisclosureofnonfinancialliabilitiesAbstract_label_en-US" xlink:label="lab_bp_DisclosureofnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of non-financial liabilities [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofnonfinancialliabilitiesAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureofnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of non-financial liabilities [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofnonfinancialliabilitiesAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureofnonfinancialliabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureofnonfinancialliabilitiesAbstract" xlink:to="lab_bp_DisclosureofnonfinancialliabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory_726165c9-f329-4351-a004-9ad3cf56e800_terseLabel_en-US" xlink:label="lab_ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Analysis of credit exposures using external credit grading system </link:label>
<link:label id="lab_ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory_label_en-US" xlink:label="lab_ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Analysis of credit exposures using external credit grading system [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory"/>
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<link:label id="lab_ifrs-full_DisclosureOfHedgeAccountingTable_bf18e725-3d10-4224-8554-4922120c8491_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfHedgeAccountingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedges [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfHedgeAccountingTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfHedgeAccountingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedges [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfHedgeAccountingTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfHedgeAccountingTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfHedgeAccountingTable" xlink:to="lab_ifrs-full_DisclosureOfHedgeAccountingTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CustomersProductsMember_76e224a1-f4e3-45eb-911e-692a511804d0_terseLabel_en-US" xlink:label="lab_bp_CustomersProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> customers & products </link:label>
<link:label id="lab_bp_CustomersProductsMember_label_en-US" xlink:label="lab_bp_CustomersProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> customers & products [Member] </link:label>
<link:label id="lab_bp_CustomersProductsMember_documentation_en-US" xlink:label="lab_bp_CustomersProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> customers & products </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CustomersProductsMember" xlink:href="bp-20231231.xsd#bp_CustomersProductsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CustomersProductsMember" xlink:to="lab_bp_CustomersProductsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_20c57b57-eac8-40ac-adb2-a0f0d984af7b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of non-adjusting events after reporting period [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of non-adjusting events after reporting period [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
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<link:label id="lab_ifrs-full_RangeAxis_fb10dd03-744a-4a1e-ac4c-28ff0fd73e49_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Range [axis] </link:label>
<link:label id="lab_ifrs-full_RangeAxis_label_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Range [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RangeAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_3759d6b5-0bac-4a04-8e99-c33694c9cf0e_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Otherf </link:label>
<link:label id="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other assets, amount contributed to fair value of plan assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:to="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock_bf028075-03de-49ed-9d1f-11ec17f3769b_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of dividends announced and paid </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Dividends Announced And Paid [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Dividends Announced And Paid [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationOfDividendsAnnouncedAndPaidTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour_fd449dd4-af39-419a-9be7-41f591a66a6f_terseLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of equity instruments other than options, expected to vest within four years (in shares) </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour_label_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Four </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Four </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour" xlink:href="bp-20231231.xsd#bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour"/>
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<link:label id="lab_ifrs-full_AdditionsToNoncurrentAssets_fbb8e35c-9420-4083-be69-fb9666ed7091_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsToNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additions to non-current assets </link:label>
<link:label id="lab_ifrs-full_AdditionsToNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_AdditionsToNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additions to non-current assets other than financial instruments, deferred tax assets, net defined benefit assets, and rights arising under insurance contracts </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsToNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdditionsToNoncurrentAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsToNoncurrentAssets" xlink:to="lab_ifrs-full_AdditionsToNoncurrentAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares_97ee722f-1607-484b-bf1b-78c592e5c1a0_terseLabel_en-US" xlink:label="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchases for settlement of employee share plans (in shares) </link:label>
<link:label id="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares_label_en-US" xlink:label="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchase Of Treasury Shares For Settlement Of Employee Share Plan, Shares </link:label>
<link:label id="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares_documentation_en-US" xlink:label="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Purchase Of Treasury Shares For Settlement Of Employee Share Plan, Shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares" xlink:href="bp-20231231.xsd#bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanShares"/>
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<link:label id="lab_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares_78a1f1d8-4e5c-4513-a041-a46b2443ab40_terseLabel_en-US" xlink:label="lab_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Potential dilutive effect of ordinary shares issuable under employee share-based payment plans (in shares) </link:label>
<link:label id="lab_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares_label_en-US" xlink:label="lab_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dilutive Effect Of Share Options And Share Plans On Number Of Ordinary Shares </link:label>
<link:label id="lab_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares_documentation_en-US" xlink:label="lab_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Dilutive Effect Of Share Options And Share Plans On Number Of Ordinary Shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares" xlink:href="bp-20231231.xsd#bp_DilutiveEffectOfShareOptionsAndSharePlansOnNumberOfOrdinaryShares"/>
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<link:label id="lab_ifrs-full_DeferredTaxAssetWhenUtilisationIsDependentOnFutureTaxableProfitsInExcessOfProfitsFromReversalOfTaxableTemporaryDifferencesAndEntityHasSufferedLossInJurisdictionToWhichDeferredTaxAssetRelates_f8c330e4-e5b8-4906-bbb5-11d4b253a340_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssetWhenUtilisationIsDependentOnFutureTaxableProfitsInExcessOfProfitsFromReversalOfTaxableTemporaryDifferencesAndEntityHasSufferedLossInJurisdictionToWhichDeferredTaxAssetRelates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax assets in entities which have suffered a loss in either the current or preceding period </link:label>
<link:label id="lab_ifrs-full_DeferredTaxAssetWhenUtilisationIsDependentOnFutureTaxableProfitsInExcessOfProfitsFromReversalOfTaxableTemporaryDifferencesAndEntityHasSufferedLossInJurisdictionToWhichDeferredTaxAssetRelates_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssetWhenUtilisationIsDependentOnFutureTaxableProfitsInExcessOfProfitsFromReversalOfTaxableTemporaryDifferencesAndEntityHasSufferedLossInJurisdictionToWhichDeferredTaxAssetRelates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax asset when utilisation is dependent on future taxable profits in excess of profits from reversal of taxable temporary differences and entity has suffered loss in jurisdiction to which deferred tax asset relates </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssetWhenUtilisationIsDependentOnFutureTaxableProfitsInExcessOfProfitsFromReversalOfTaxableTemporaryDifferencesAndEntityHasSufferedLossInJurisdictionToWhichDeferredTaxAssetRelates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxAssetWhenUtilisationIsDependentOnFutureTaxableProfitsInExcessOfProfitsFromReversalOfTaxableTemporaryDifferencesAndEntityHasSufferedLossInJurisdictionToWhichDeferredTaxAssetRelates"/>
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<link:label id="lab_bp_ProvisionsDiscountedCashFlowChangeInNominalInterestRate_f2101bc0-b2f4-4026-8c8c-6785d8d9c052_terseLabel_en-US" xlink:label="lab_bp_ProvisionsDiscountedCashFlowChangeInNominalInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change In nominal interest rate </link:label>
<link:label id="lab_bp_ProvisionsDiscountedCashFlowChangeInNominalInterestRate_label_en-US" xlink:label="lab_bp_ProvisionsDiscountedCashFlowChangeInNominalInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions, Discounted Cash Flow, Change In Nominal Interest Rate </link:label>
<link:label id="lab_bp_ProvisionsDiscountedCashFlowChangeInNominalInterestRate_documentation_en-US" xlink:label="lab_bp_ProvisionsDiscountedCashFlowChangeInNominalInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisions, Discounted Cash Flow, Change In Nominal Interest Rate </link:label>
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<link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsMember_26e0f9c6-a9ab-4402-ade9-05252ecec8aa_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial instruments, class [member] </link:label>
<link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial instruments, class [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense_d64c3bf0-dfc9-473f-b044-59170243dc86_terseLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charged to costs and expenses </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense_label_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Additions For Charges To Cost And Expense </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Additions For Charges To Cost And Expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense" xlink:href="bp-20231231.xsd#bp_ValuationAllowancesAndReservesAdditionsForChargesToCostAndExpense"/>
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<link:label id="lab_srt_LitigationCaseAxis_a5c08488-3ee3-44a8-ae5a-7e02dbdc2386_terseLabel_en-US" xlink:label="lab_srt_LitigationCaseAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation Case [Axis] </link:label>
<link:label id="lab_srt_LitigationCaseAxis_label_en-US" xlink:label="lab_srt_LitigationCaseAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation Case [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LitigationCaseAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_LitigationCaseAxis" xlink:to="lab_srt_LitigationCaseAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AdministrativeExpenseIncomeNetDefinedBenefitLiabilityAsset_677db1c8-64e2-447b-87d0-a86ee5e431ad_terseLabel_en-US" xlink:label="lab_bp_AdministrativeExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expenses incurred for administration of the benefits </link:label>
<link:label id="lab_bp_AdministrativeExpenseIncomeNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_bp_AdministrativeExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Administrative Expense (Income), Net Defined Benefit Liability (Asset) </link:label>
<link:label id="lab_bp_AdministrativeExpenseIncomeNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_bp_AdministrativeExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Administrative Income (Expense), Net Defined Benefit Liability (Asset) </link:label>
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<link:label id="lab_srt_ValuationAndQualifyingAccountsAbstract_9bbbc735-b416-49ce-a98c-787fd338af3a_terseLabel_en-US" xlink:label="lab_srt_ValuationAndQualifyingAccountsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] </link:label>
<link:label id="lab_srt_ValuationAndQualifyingAccountsAbstract_label_en-US" xlink:label="lab_srt_ValuationAndQualifyingAccountsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] </link:label>
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<link:label id="lab_dei_TradingSymbol_c1b41822-65e8-45ae-a06c-7556b78dad76_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading Symbol </link:label>
<link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trading Symbol </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FairValueHedgesMember_6a7451c5-80f9-4cc3-a51c-84d4adcb5496_terseLabel_en-US" xlink:label="lab_ifrs-full_FairValueHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair value hedges </link:label>
<link:label id="lab_ifrs-full_FairValueHedgesMember_label_en-US" xlink:label="lab_ifrs-full_FairValueHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair value hedges [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueHedgesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FairValueHedgesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FairValueHedgesMember" xlink:to="lab_ifrs-full_FairValueHedgesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue_dccf66b8-8bc2-4ae0-8f73-43aaf85713aa_terseLabel_en-US" xlink:label="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchases for settlement of employee share plans </link:label>
<link:label id="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue_label_en-US" xlink:label="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchase Of Treasury Shares For Settlement Of Employee Share Plan, Value </link:label>
<link:label id="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue_documentation_en-US" xlink:label="lab_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Purchase Of Treasury Shares For Settlement Of Employee Share Plan, Value </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue" xlink:href="bp-20231231.xsd#bp_PurchaseOfTreasurySharesForSettlementOfEmployeeSharePlanValue"/>
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<link:label id="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract_85e10b73-2214-4b22-9507-7649a6d34019_terseLabel_en-US" xlink:label="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Analysis of income and expense [abstract] </link:label>
<link:label id="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract_label_en-US" xlink:label="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Analysis of income and expense [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AnalysisOfIncomeAndExpenseAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:to="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember_915fb65e-d3a0-4ab1-bbed-bafb6febb5ac_terseLabel_en-US" xlink:label="lab_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Shares held in ESOP trusts </link:label>
<link:label id="lab_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember_label_en-US" xlink:label="lab_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Shares Held In Employee Share Ownership Plans [Member] </link:label>
<link:label id="lab_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember_documentation_en-US" xlink:label="lab_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Treasury Shares Held In Employee Share Ownership Plans [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember" xlink:href="bp-20231231.xsd#bp_TreasurySharesHeldInEmployeeShareOwnershipPlansMember"/>
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<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_d678a9ec-2b21-428e-8e95-dced5cb7996a_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transactions involving non-controlling interests, net of tax </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity </link:label>
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<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingOtherEquity_f39b00e4-6f6d-4e33-b54d-cf4845d4ca17_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingOtherEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issue of new shares – other (in shares) </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingOtherEquity_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingOtherEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding, Other, Equity </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingOtherEquity_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingOtherEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding, Other, Equity </link:label>
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<link:label id="lab_ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_053a93cf-a975-40fb-9b38-7623e030416b_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for individual assets or cash-generating units [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for individual assets or cash-generating units [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember"/>
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<link:label id="lab_ifrs-full_InventoryRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_InventoryRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory recognised as of acquisition date </link:label>
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<link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_b89ef2d5-1973-44b2-80ab-463a57665d9a_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains (losses) recognized in the income statement </link:label>
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<link:label id="lab_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased_47c123d6-514b-4da3-96a7-538631aa352b_terseLabel_en-US" xlink:label="lab_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Percentage of ordinary share capital repurchased </link:label>
<link:label id="lab_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased_label_en-US" xlink:label="lab_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share Repurchase, Percentage Of Ordinary Share Capital Repurchased </link:label>
<link:label id="lab_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased_documentation_en-US" xlink:label="lab_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share Repurchase, Percentage Of Ordinary Share Capital Repurchased </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased" xlink:href="bp-20231231.xsd#bp_ShareRepurchasePercentageOfOrdinaryShareCapitalRepurchased"/>
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<link:label id="lab_bp_LouisianaCoastalRestorationPrivateLandownersMember_6ab9085c-8564-44cb-b275-c94cbfac352b_terseLabel_en-US" xlink:label="lab_bp_LouisianaCoastalRestorationPrivateLandownersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Louisiana Coastal Restoration - private landowners </link:label>
<link:label id="lab_bp_LouisianaCoastalRestorationPrivateLandownersMember_label_en-US" xlink:label="lab_bp_LouisianaCoastalRestorationPrivateLandownersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Louisiana Coastal Restoration - private landowners [Member] </link:label>
<link:label id="lab_bp_LouisianaCoastalRestorationPrivateLandownersMember_documentation_en-US" xlink:label="lab_bp_LouisianaCoastalRestorationPrivateLandownersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Louisiana Coastal Restoration - private landowners </link:label>
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<link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_e4bce091-326a-4274-81e0-6bece992a458_terseLabel_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency translation differences relating to cash and cash equivalents </link:label>
<link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Effect of exchange rate changes on cash and cash equivalents </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
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<link:label id="lab_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod_7057fb5b-776b-4467-8daa-5e0f3f9084fd_terseLabel_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit, Year One </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod_label_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Next Annual Reporting Period </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod_documentation_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Next Annual Reporting Period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod" xlink:href="bp-20231231.xsd#bp_ExpectedFutureBenefitPaymentNextAnnualReportingPeriod"/>
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<link:label id="lab_ifrs-full_AmountsPayableRelatedPartyTransactions_58de3893-0453-4254-85bf-4c7ade527900_terseLabel_en-US" xlink:label="lab_ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Related party payables </link:label>
<link:label id="lab_ifrs-full_AmountsPayableRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amounts payable, related party transactions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:to="lab_ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NaturalGasProductsMember_45a19334-8629-41df-84de-14c79f7fa965_terseLabel_en-US" xlink:label="lab_bp_NaturalGasProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Natural gas, LNG and NGLs </link:label>
<link:label id="lab_bp_NaturalGasProductsMember_label_en-US" xlink:label="lab_bp_NaturalGasProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Natural Gas Products [Member] </link:label>
<link:label id="lab_bp_NaturalGasProductsMember_documentation_en-US" xlink:label="lab_bp_NaturalGasProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Natural Gas Products [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NaturalGasProductsMember" xlink:href="bp-20231231.xsd#bp_NaturalGasProductsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NaturalGasProductsMember" xlink:to="lab_bp_NaturalGasProductsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_be69409a-7fcd-4a2e-ac5e-f9a118c4d3a2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about property, plant and equipment [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about property, plant and equipment [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax_e41f73e2-05e9-4259-a490-3131444ffbb1_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedging marked to market </link:label>
<link:label id="lab_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax_80df564c-767c-4435-9ffb-82ac53f888fb_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedging marked to market </link:label>
<link:label id="lab_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains (losses) on change in value of foreign currency basis spreads, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax"/>
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<link:label id="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_b4775fd4-469d-4457-8ad1-05485a389a1c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Payments from changes in ownership interests in subsidiaries that do not result in loss of control </link:label>
<link:label id="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_label_en-US" xlink:label="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments from changes in ownership interests in subsidiaries that do not result in loss of control </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfAdditionalInformationExplanatory_73d62827-5fa7-48d3-8b01-3612340427e8_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Capital commitments </link:label>
<link:label id="lab_ifrs-full_DisclosureOfAdditionalInformationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of additional information [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfAdditionalInformationExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable_3f0ae1be-a4b6-43bd-be19-37931074efd0_terseLabel_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contingent consideration receivable relating to disposals </link:label>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable_label_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sale Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Contingent Receivable </link:label>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable_documentation_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sale Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Contingent Receivable </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable" xlink:href="bp-20231231.xsd#bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesContingentReceivable"/>
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<link:label id="lab_bp_LMPCClaimsMember_f99b6ef2-4119-404d-9c7c-805b7c46d81e_terseLabel_en-US" xlink:label="lab_bp_LMPCClaimsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> LMPC claims </link:label>
<link:label id="lab_bp_LMPCClaimsMember_label_en-US" xlink:label="lab_bp_LMPCClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> LMPC claims [Member] </link:label>
<link:label id="lab_bp_LMPCClaimsMember_documentation_en-US" xlink:label="lab_bp_LMPCClaimsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> LMPC claims </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LMPCClaimsMember" xlink:href="bp-20231231.xsd#bp_LMPCClaimsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LMPCClaimsMember" xlink:to="lab_bp_LMPCClaimsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock_1c95525d-3ef5-4d53-8d43-e8a29395b388_terseLabel_en-US" xlink:label="lab_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of long-term price assumptions used in impairment testing </link:label>
<link:label id="lab_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock_label_en-US" xlink:label="lab_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Summary of long-term price assumptions used in impairment testing [Text Block] </link:label>
<link:label id="lab_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock_documentation_en-US" xlink:label="lab_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Summary of long-term price assumptions used in impairment testing </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock" xlink:href="bp-20231231.xsd#bp_SummaryOfLongTermPriceAssumptionsUsedInImpairmentTestingTextBlock"/>
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<link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_92af0c5b-92eb-4d27-8e09-c1d41d78c0f1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other payables </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other payables [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory"/>
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<link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_b6463fc2-fb34-4aad-9e02-904b0fb4ac3d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Interest paid </link:label>
<link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest paid, classified as operating activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
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<link:label id="lab_bp_NumberOfShareholderVotesHeld_a5033d79-58f9-49aa-a43e-b996ef9d37d8_terseLabel_en-US" xlink:label="lab_bp_NumberOfShareholderVotesHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of shareholder votes held (vote) </link:label>
<link:label id="lab_bp_NumberOfShareholderVotesHeld_label_en-US" xlink:label="lab_bp_NumberOfShareholderVotesHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Shareholder Votes Held </link:label>
<link:label id="lab_bp_NumberOfShareholderVotesHeld_documentation_en-US" xlink:label="lab_bp_NumberOfShareholderVotesHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number Of Shareholder Votes Held </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfShareholderVotesHeld" xlink:href="bp-20231231.xsd#bp_NumberOfShareholderVotesHeld"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfShareholderVotesHeld" xlink:to="lab_bp_NumberOfShareholderVotesHeld" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MavrixLLCMember_b3029b63-fc2a-46a7-a1e4-6930b42faa17_terseLabel_en-US" xlink:label="lab_bp_MavrixLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mavrix LLC </link:label>
<link:label id="lab_bp_MavrixLLCMember_label_en-US" xlink:label="lab_bp_MavrixLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mavrix LLC [Member] </link:label>
<link:label id="lab_bp_MavrixLLCMember_documentation_en-US" xlink:label="lab_bp_MavrixLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Mavrix LLC </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MavrixLLCMember" xlink:href="bp-20231231.xsd#bp_MavrixLLCMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_MavrixLLCMember" xlink:to="lab_bp_MavrixLLCMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_cff546a4-1871-4e0b-93c9-0094d6b545c4_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Less: fair value asset (liability) of hedges related to finance debta </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_c09fe402-407d-4f64-9a3c-d5668cf56372_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Hedge accounted derivatives at beginning of year </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_94f672c8-57f0-45d1-b296-3dcd3914c3a7_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Hedge accounted derivatives at end of year </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial instruments designated as hedging instruments, at fair value </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_15ac470d-4da3-4cad-9dda-ef4b5259f506_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of financial information, by segment </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of operating segments [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses_290b1572-cc3f-42ba-a1b4-b8b8c19fb105_negatedTerseLabel_en-US" xlink:label="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Non-cash consideration </link:label>
<link:label id="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses_label_en-US" xlink:label="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-Cash Consideration Transferred, Losing Control Of Subsidiaries Or Other Businesses </link:label>
<link:label id="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses_documentation_en-US" xlink:label="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-Cash Consideration Transferred, Losing Control Of Subsidiaries Or Other Businesses </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses" xlink:href="bp-20231231.xsd#bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses" xlink:to="lab_bp_NonCashConsiderationTransferredLosingControlOfSubsidiariesOrOtherBusinesses" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_StatementOfIFRSCompliance_af95dd4d-982b-407b-8042-1aa42c5e9f8d_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfIFRSCompliance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Authorization of financial statements and statement of compliance with International Financial Reporting Standards and Basis of preparation </link:label>
<link:label id="lab_ifrs-full_StatementOfIFRSCompliance_label_en-US" xlink:label="lab_ifrs-full_StatementOfIFRSCompliance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of IFRS compliance [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfIFRSCompliance" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfIFRSCompliance"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfIFRSCompliance" xlink:to="lab_ifrs-full_StatementOfIFRSCompliance" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount_1a2014ae-3e9d-4781-b9c5-010a34b92c2d_terseLabel_en-US" xlink:label="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Risk exposure associated with instruments sharing characteristic </link:label>
<link:label id="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount_label_en-US" xlink:label="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Exposure To Credit Risk On Financial Assets, Mitigated Risk, Amount </link:label>
<link:label id="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount_documentation_en-US" xlink:label="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Exposure To Credit Risk On Financial Assets, Mitigated Risk, Amount </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount" xlink:href="bp-20231231.xsd#bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount" xlink:to="lab_bp_ExposureToCreditRiskOnFinancialAssetsMitigatedRiskAmount" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProductsAndServicesMember_c335af4e-1fa7-4f80-8385-ff85dc05bb7b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Products and services [member] </link:label>
<link:label id="lab_ifrs-full_ProductsAndServicesMember_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Products and services [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProductsAndServicesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesMember" xlink:to="lab_ifrs-full_ProductsAndServicesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems_c409f703-5525-4b36-92c3-9ea8289692ea_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reserves within equity [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reserves within equity [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReservesWithinEquityLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReservesWithinEquityLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReservesWithinEquityLineItems" xlink:to="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember_94d251f7-f696-4cec-aa3e-3fd921046c33_terseLabel_en-US" xlink:label="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation </link:label>
<link:label id="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember_label_en-US" xlink:label="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation Related Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:label id="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember_documentation_en-US" xlink:label="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Depreciation Related Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:href="bp-20231231.xsd#bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:to="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NominalAmountsOfHedgingInstruments_007bf750-590b-4753-9bf9-dd090c61c80d_terseLabel_en-US" xlink:label="lab_bp_NominalAmountsOfHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nominal Amounts Of Hedging Instruments </link:label>
<link:label id="lab_bp_NominalAmountsOfHedgingInstruments_label_en-US" xlink:label="lab_bp_NominalAmountsOfHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nominal Amounts Of Hedging Instruments </link:label>
<link:label id="lab_bp_NominalAmountsOfHedgingInstruments_documentation_en-US" xlink:label="lab_bp_NominalAmountsOfHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Nominal Amounts Of Hedging Instruments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NominalAmountsOfHedgingInstruments" xlink:href="bp-20231231.xsd#bp_NominalAmountsOfHedgingInstruments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NominalAmountsOfHedgingInstruments" xlink:to="lab_bp_NominalAmountsOfHedgingInstruments" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis_0a6c6f81-9b82-4c4c-b937-4e83661e323a_terseLabel_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Axis] </link:label>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis_label_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Axis] </link:label>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis_documentation_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis" xlink:href="bp-20231231.xsd#bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis" xlink:to="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPXEnergyMember_41d28a16-253d-4dbd-b070-e81b570786da_terseLabel_en-US" xlink:label="lab_bp_BPXEnergyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BPX Energy [Member] </link:label>
<link:label id="lab_bp_BPXEnergyMember_label_en-US" xlink:label="lab_bp_BPXEnergyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BPX Energy [Member] </link:label>
<link:label id="lab_bp_BPXEnergyMember_documentation_en-US" xlink:label="lab_bp_BPXEnergyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BPX Energy [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPXEnergyMember" xlink:href="bp-20231231.xsd#bp_BPXEnergyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPXEnergyMember" xlink:to="lab_bp_BPXEnergyMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_LocalPhoneNumber_bd96496e-1155-47fe-bb51-611ee66d8771_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Local Phone Number </link:label>
<link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Local Phone Number </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPCorporateHoldingsMember_ff5a1008-3c22-44d8-9d69-f08ed2bd3907_terseLabel_en-US" xlink:label="lab_bp_BPCorporateHoldingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Corporate Holdings Limited </link:label>
<link:label id="lab_bp_BPCorporateHoldingsMember_label_en-US" xlink:label="lab_bp_BPCorporateHoldingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Corporate Holdings [Member] </link:label>
<link:label id="lab_bp_BPCorporateHoldingsMember_documentation_en-US" xlink:label="lab_bp_BPCorporateHoldingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Corporate Holdings [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPCorporateHoldingsMember" xlink:href="bp-20231231.xsd#bp_BPCorporateHoldingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPCorporateHoldingsMember" xlink:to="lab_bp_BPCorporateHoldingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherNoncurrentReceivables_df7a1da9-e891-4b8d-9295-a8c31efd2d6b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other non-current receivables </link:label>
<link:label id="lab_ifrs-full_OtherNoncurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other non-current receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherNoncurrentReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNoncurrentReceivables" xlink:to="lab_ifrs-full_OtherNoncurrentReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncomeTaxesAbstract_36fd4dee-2e09-4802-8639-42c1258a6de7_terseLabel_en-US" xlink:label="lab_bp_IncomeTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Taxes [Abstract] </link:label>
<link:label id="lab_bp_IncomeTaxesAbstract_label_en-US" xlink:label="lab_bp_IncomeTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Taxes [Abstract] </link:label>
<link:label id="lab_bp_IncomeTaxesAbstract_documentation_en-US" xlink:label="lab_bp_IncomeTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income Taxes [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncomeTaxesAbstract" xlink:href="bp-20231231.xsd#bp_IncomeTaxesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncomeTaxesAbstract" xlink:to="lab_bp_IncomeTaxesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember_15f8d08d-b673-4806-aaa1-8304968b208a_terseLabel_en-US" xlink:label="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember_label_en-US" xlink:label="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Countries, Excluding United States And Europe [Member] </link:label>
<link:label id="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember_documentation_en-US" xlink:label="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Countries, Excluding United States And Europe [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CountriesExcludingUnitedStatesAndEuropeMember" xlink:href="bp-20231231.xsd#bp_CountriesExcludingUnitedStatesAndEuropeMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CountriesExcludingUnitedStatesAndEuropeMember" xlink:to="lab_bp_CountriesExcludingUnitedStatesAndEuropeMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentInventoriesArisingFromExtractiveActivitiesAndCurrentTradingInventories_1cf278a9-979c-49d3-b03b-31a02e880348_totalLabel_en-US" xlink:label="lab_bp_CurrentInventoriesArisingFromExtractiveActivitiesAndCurrentTradingInventories" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Current inventories arising from extractive activities and current production supplies </link:label>
<link:label id="lab_bp_CurrentInventoriesArisingFromExtractiveActivitiesAndCurrentTradingInventories_label_en-US" xlink:label="lab_bp_CurrentInventoriesArisingFromExtractiveActivitiesAndCurrentTradingInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Inventories Arising From Extractive Activities And Current Trading Inventories </link:label>
<link:label id="lab_bp_CurrentInventoriesArisingFromExtractiveActivitiesAndCurrentTradingInventories_documentation_en-US" xlink:label="lab_bp_CurrentInventoriesArisingFromExtractiveActivitiesAndCurrentTradingInventories" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Inventories Arising From Extractive Activities And Current Production Supplies </link:label>
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<link:label id="lab_ifrs-full_NoncontrollingInterestsMember_d25edd93-3c6b-40f2-a25e-f6aa0772a894_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests [member] </link:label>
<link:label id="lab_ifrs-full_NoncontrollingInterestsMember_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-controlling interests [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterestsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncontrollingInterestsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember" xlink:to="lab_ifrs-full_NoncontrollingInterestsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_053dbc53-d635-4ea6-91b2-cda75aa2c976_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency translation differences (including reclassifications), Pre-tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, exchange differences on translation of foreign operations </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
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<link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_049a97a9-8a8d-4396-be7b-9540cf567fa4_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Temporary difference, unused tax losses and unused tax credits [member] </link:label>
<link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Temporary difference, unused tax losses and unused tax credits [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember"/>
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<link:label id="lab_bp_SegmentResultsAbstract_6805c222-775a-47e7-9fdc-2188e76d951e_terseLabel_en-US" xlink:label="lab_bp_SegmentResultsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment results </link:label>
<link:label id="lab_bp_SegmentResultsAbstract_label_en-US" xlink:label="lab_bp_SegmentResultsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Results [Abstract] </link:label>
<link:label id="lab_bp_SegmentResultsAbstract_documentation_en-US" xlink:label="lab_bp_SegmentResultsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Segment Results [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SegmentResultsAbstract" xlink:href="bp-20231231.xsd#bp_SegmentResultsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SegmentResultsAbstract" xlink:to="lab_bp_SegmentResultsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities_22fbbbb4-515e-4999-a295-73b6bb4784aa_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through changes in fair values, liabilities arising from financing activities </link:label>
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<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities"/>
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<link:label id="lab_bp_IncomeTaxAuthorityName1Domain_bd1c9507-aa46-42eb-a0b9-7033195b97cc_terseLabel_en-US" xlink:label="lab_bp_IncomeTaxAuthorityName1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax Authority, Name 1 [Domain] </link:label>
<link:label id="lab_bp_IncomeTaxAuthorityName1Domain_label_en-US" xlink:label="lab_bp_IncomeTaxAuthorityName1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Authority, Name 1 [Domain] </link:label>
<link:label id="lab_bp_IncomeTaxAuthorityName1Domain_documentation_en-US" xlink:label="lab_bp_IncomeTaxAuthorityName1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Income Tax Authority, Name 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncomeTaxAuthorityName1Domain" xlink:href="bp-20231231.xsd#bp_IncomeTaxAuthorityName1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncomeTaxAuthorityName1Domain" xlink:to="lab_bp_IncomeTaxAuthorityName1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_MaturityAxis_b2cd7f52-b41b-4ca6-be13-6a760d808493_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maturity [axis] </link:label>
<link:label id="lab_ifrs-full_MaturityAxis_label_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maturity [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MaturityAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityAxis" xlink:to="lab_ifrs-full_MaturityAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PrivateEquityFunds1Member_a90c9301-8b45-4185-a0a2-3dae41c66f68_terseLabel_en-US" xlink:label="lab_bp_PrivateEquityFunds1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Private equity </link:label>
<link:label id="lab_bp_PrivateEquityFunds1Member_label_en-US" xlink:label="lab_bp_PrivateEquityFunds1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Private Equity Funds 1 [Member] </link:label>
<link:label id="lab_bp_PrivateEquityFunds1Member_documentation_en-US" xlink:label="lab_bp_PrivateEquityFunds1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Private Equity Funds 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PrivateEquityFunds1Member" xlink:href="bp-20231231.xsd#bp_PrivateEquityFunds1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PrivateEquityFunds1Member" xlink:to="lab_bp_PrivateEquityFunds1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities_60d08e02-f538-4089-9ab5-f8fa1e7402af_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other non-current payables non-financial liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities_label_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Payables, Non-Financial Liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities_documentation_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Payables, Non-Financial Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities" xlink:href="bp-20231231.xsd#bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities" xlink:to="lab_bp_TradeAndOtherNonCurrentPayablesNonFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Block61Member_e0185033-fa9e-4e33-aaa2-92642b05ca4d_terseLabel_en-US" xlink:label="lab_bp_Block61Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Block 61 </link:label>
<link:label id="lab_bp_Block61Member_label_en-US" xlink:label="lab_bp_Block61Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Block 61 [Member] </link:label>
<link:label id="lab_bp_Block61Member_documentation_en-US" xlink:label="lab_bp_Block61Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Block 61 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Block61Member" xlink:href="bp-20231231.xsd#bp_Block61Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Block61Member" xlink:to="lab_bp_Block61Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding_1f578caa-d827-4d97-8e25-bb17fa5c99ca_terseLabel_en-US" xlink:label="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Days sales outstanding, related party receivables </link:label>
<link:label id="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding_label_en-US" xlink:label="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amounts Receivable, Related Party Transactions,Days Sales Outstanding </link:label>
<link:label id="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding_documentation_en-US" xlink:label="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amounts Receivable, Related Party Transactions,Days Sales Outstanding </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding" xlink:href="bp-20231231.xsd#bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding" xlink:to="lab_bp_AmountsReceivableRelatedPartyTransactionsDaysSalesOutstanding" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Cash_38e9fe38-4887-427f-bf3e-6f40232ad037_terseLabel_en-US" xlink:label="lab_ifrs-full_Cash" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash </link:label>
<link:label id="lab_ifrs-full_Cash_label_en-US" xlink:label="lab_ifrs-full_Cash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Cash" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Cash"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Cash" xlink:to="lab_ifrs-full_Cash" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherMiscellaneousFinancialAssetsMember_0d2b5d46-51bf-48ab-bcff-aa32a340057f_terseLabel_en-US" xlink:label="lab_bp_OtherMiscellaneousFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_bp_OtherMiscellaneousFinancialAssetsMember_label_en-US" xlink:label="lab_bp_OtherMiscellaneousFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Miscellaneous Financial Assets [Member] </link:label>
<link:label id="lab_bp_OtherMiscellaneousFinancialAssetsMember_documentation_en-US" xlink:label="lab_bp_OtherMiscellaneousFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Miscellaneous Financial Assets [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherMiscellaneousFinancialAssetsMember" xlink:href="bp-20231231.xsd#bp_OtherMiscellaneousFinancialAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherMiscellaneousFinancialAssetsMember" xlink:to="lab_bp_OtherMiscellaneousFinancialAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_ab8e789d-0325-496e-88f8-0c20d550d1f4_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative hedging instruments </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesAndReservesDeductions1_e524163d-6e1c-4240-826b-04869274ef1a_negatedLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesDeductions1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Deductions </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesDeductions1_label_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesDeductions1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Deductions 1 </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesDeductions1_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesDeductions1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserves, Deductions 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValuationAllowancesAndReservesDeductions1" xlink:href="bp-20231231.xsd#bp_ValuationAllowancesAndReservesDeductions1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ValuationAllowancesAndReservesDeductions1" xlink:to="lab_bp_ValuationAllowancesAndReservesDeductions1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue_c8dc5e59-3da1-4374-9c00-3b771110ec8c_terseLabel_en-US" xlink:label="lab_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Percentage of headroom (less than or equal to) </link:label>
<link:label id="lab_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue_label_en-US" xlink:label="lab_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reporting Unit, Percentage Of Carrying Amount In Excess Of Fair Value </link:label>
<link:label id="lab_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue_documentation_en-US" xlink:label="lab_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Reporting Unit, Percentage Of Carrying Amount In Excess Of Fair Value </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue" xlink:href="bp-20231231.xsd#bp_ReportingUnitPercentageOfCarryingAmountInExcessOfFairValue"/>
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<link:label id="lab_ifrs-full_DisclosureOfInventoriesExplanatory_d2946a8b-ff6e-4477-8fbe-1cbab4f329d7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInventoriesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventories </link:label>
<link:label id="lab_ifrs-full_DisclosureOfInventoriesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInventoriesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of inventories [text block] </link:label>
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<link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_1a8cc31d-086d-47ff-a8c9-877b454ee5f2_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) for the year attributable to bp ordinary shareholders </link:label>
<link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
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<link:label id="lab_ifrs-full_FinancialAssetsMember_b091fcd1-3868-4cca-9e59-0f3f0362199a_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets, class [member] </link:label>
<link:label id="lab_ifrs-full_FinancialAssetsMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial assets, class [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMember" xlink:to="lab_ifrs-full_FinancialAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_d255f6f9-a784-44f0-8b08-d67a0126d452_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for financial liabilities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory"/>
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<link:label id="lab_bp_A3543GuaranteedNotesDue2027Member_560cd99a-bb4b-4752-b8fb-b819a753e8d1_terseLabel_en-US" xlink:label="lab_bp_A3543GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.543% Guaranteed Notes due 2027 </link:label>
<link:label id="lab_bp_A3543GuaranteedNotesDue2027Member_label_en-US" xlink:label="lab_bp_A3543GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.543% Guaranteed Notes due 2027 [Member] </link:label>
<link:label id="lab_bp_A3543GuaranteedNotesDue2027Member_documentation_en-US" xlink:label="lab_bp_A3543GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.543% Guaranteed Notes due 2027 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3543GuaranteedNotesDue2027Member" xlink:href="bp-20231231.xsd#bp_A3543GuaranteedNotesDue2027Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3543GuaranteedNotesDue2027Member" xlink:to="lab_bp_A3543GuaranteedNotesDue2027Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ConstructionInProgressMember_e99e6e70-3a97-4ffb-b659-d6a4d98b1c2b_terseLabel_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets under construction </link:label>
<link:label id="lab_ifrs-full_ConstructionInProgressMember_label_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Construction in progress [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConstructionInProgressMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ConstructionInProgressMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConstructionInProgressMember" xlink:to="lab_ifrs-full_ConstructionInProgressMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments_a4569c34-ff7c-46aa-afaf-53847df29ef9_negatedTerseLabel_en-US" xlink:label="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Debt (repurchase agreements) used to fund liability driven investments </link:label>
<link:label id="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments_label_en-US" xlink:label="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Amount Used To Fund Liability Driven Investments </link:label>
<link:label id="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments_documentation_en-US" xlink:label="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Amount Used To Fund Liability Driven Investments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments" xlink:href="bp-20231231.xsd#bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments" xlink:to="lab_bp_DebtInstrumentAmountUsedToFundLiabilityDrivenInvestments" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LandImprovements1Member_449648e0-1c35-4c4c-aa62-4fbdfdca087b_terseLabel_en-US" xlink:label="lab_bp_LandImprovements1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Land improvements </link:label>
<link:label id="lab_bp_LandImprovements1Member_label_en-US" xlink:label="lab_bp_LandImprovements1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Land Improvements 1 [Member] </link:label>
<link:label id="lab_bp_LandImprovements1Member_documentation_en-US" xlink:label="lab_bp_LandImprovements1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Land Improvements 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LandImprovements1Member" xlink:href="bp-20231231.xsd#bp_LandImprovements1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LandImprovements1Member" xlink:to="lab_bp_LandImprovements1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_001912d8-ef6a-423c-bf9d-6492e0e09aba_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Impairment reversals </link:label>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reversal of impairment loss recognised in profit or loss, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ClassesOfOtherPayablesDomain_236a3934-584c-4bb9-941e-bcb6d25db824_terseLabel_en-US" xlink:label="lab_bp_ClassesOfOtherPayablesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes Of Other Payables [Domain] </link:label>
<link:label id="lab_bp_ClassesOfOtherPayablesDomain_label_en-US" xlink:label="lab_bp_ClassesOfOtherPayablesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes Of Other Payables [Domain] </link:label>
<link:label id="lab_bp_ClassesOfOtherPayablesDomain_documentation_en-US" xlink:label="lab_bp_ClassesOfOtherPayablesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Classes Of Other Payables [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ClassesOfOtherPayablesDomain" xlink:href="bp-20231231.xsd#bp_ClassesOfOtherPayablesDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ClassesOfOtherPayablesDomain" xlink:to="lab_bp_ClassesOfOtherPayablesDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_308f77b3-4d56-45d2-8f27-3d75817f0276_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustment in respect of prior years </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for current tax of prior periods </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:to="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterimFinancialReportingAbstract_7a54bb8b-88c8-45bc-a258-94090450af1a_terseLabel_en-US" xlink:label="lab_bp_InterimFinancialReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interim Financial Reporting [Abstract] </link:label>
<link:label id="lab_bp_InterimFinancialReportingAbstract_label_en-US" xlink:label="lab_bp_InterimFinancialReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interim Financial Reporting [Abstract] </link:label>
<link:label id="lab_bp_InterimFinancialReportingAbstract_documentation_en-US" xlink:label="lab_bp_InterimFinancialReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interim Financial Reporting [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterimFinancialReportingAbstract" xlink:href="bp-20231231.xsd#bp_InterimFinancialReportingAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterimFinancialReportingAbstract" xlink:to="lab_bp_InterimFinancialReportingAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember_0e86447d-d498-472e-9248-ed57a7a7546a_terseLabel_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash-generating units [member] </link:label>
<link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember_label_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash-generating units [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" xlink:to="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentLiabilities_5b7b20f6-6d65-49f9-a3b0-c7d7df87e128_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Current liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentLiabilities_bffc4899-284f-4cf9-9e7e-9131e591d50d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Current liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentLiabilities_c080c0a4-3748-4772-bce7-2f55cc726035_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="lab_ifrs-full_CurrentLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_4633f775-a9e1-49c4-8634-9f703b78abe3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> bp shareholders </link:label>
<link:label id="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends paid to equity holders of parent, classified as financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome_60bd2971-989e-42b8-a288-9e36778a3c70_terseLabel_en-US" xlink:label="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charge (credit) for the year in other comprehensive income </link:label>
<link:label id="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Tax Expense (Income) Relating To Components Of Other Comprehensive Income </link:label>
<link:label id="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Deferred Tax Expense (Income) Relating To Components Of Other Comprehensive Income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome" xlink:href="bp-20231231.xsd#bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="lab_bp_DeferredTaxExpenseIncomeRelatingToComponentsOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_902645a3-2d1f-4e66-9056-afbf9a910c24_verboseLabel_en-US" xlink:label="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Quarterly dividend paid per ordinary share (in USD per share) </link:label>
<link:label id="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_bad0bd2b-0076-4381-baaa-d409f8cd3c11_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share </link:label>
<link:label id="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_label_en-US" xlink:label="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:to="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1_b8765bb8-c979-4855-905c-f2243f64a11e_terseLabel_en-US" xlink:label="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities for decommissioning costs, weighted average recognition period </link:label>
<link:label id="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1_label_en-US" xlink:label="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities For Decommissioning Costs, Weighted Average Recognition Period1 </link:label>
<link:label id="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1_documentation_en-US" xlink:label="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Liabilities For Decommissioning Costs, Weighted Average Recognition Period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1" xlink:href="bp-20231231.xsd#bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1" xlink:to="lab_bp_LiabilitiesForDecommissioningCostsWeightedAverageRecognitionPeriod1" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_ced984aa-a07a-4a14-b1ba-f3c11245b820_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
<link:label id="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity instruments, amount contributed to fair value of plan assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:to="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentAccountingStandard_d1c97add-3646-4360-8b3d-6c69e18f8669_terseLabel_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Accounting Standard </link:label>
<link:label id="lab_dei_DocumentAccountingStandard_label_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Accounting Standard </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAccountingStandard" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAccountingStandard" xlink:to="lab_dei_DocumentAccountingStandard" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentDividendPayables_a6a758d2-ce5f-4b2e-b0b1-ca7af8af1bf2_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDividendPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current dividend payables </link:label>
<link:label id="lab_ifrs-full_CurrentDividendPayables_label_en-US" xlink:label="lab_ifrs-full_CurrentDividendPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current dividend payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDividendPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentDividendPayables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDividendPayables" xlink:to="lab_ifrs-full_CurrentDividendPayables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember_7c75679b-3c4f-4bd4-b2b6-b142f6a6b1b1_terseLabel_en-US" xlink:label="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity-Settled Share-Based Payment Arrangement, Share Unit </link:label>
<link:label id="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember_label_en-US" xlink:label="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity-Settled Share-Based Payment Arrangement, Share Unit [Member] </link:label>
<link:label id="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember_documentation_en-US" xlink:label="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Equity-Settled Share-Based Payment Arrangement, Share Unit [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember" xlink:href="bp-20231231.xsd#bp_EquitySettledShareBasedPaymentArrangementShareUnitMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember" xlink:to="lab_bp_EquitySettledShareBasedPaymentArrangementShareUnitMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable_40a943b0-11d1-4e4b-adab-4ec1bb5325b7_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about legal proceedings [Table] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about legal proceedings [Table] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about legal proceedings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable" xlink:to="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsTable" xlink:type="arc" order="1"/>
<link:label id="lab_dei_NoTradingSymbolFlag_9c480d00-ab78-4f61-b06e-b38adf3f7956_terseLabel_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> No Trading Symbol Flag </link:label>
<link:label id="lab_dei_NoTradingSymbolFlag_label_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> No Trading Symbol Flag </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_NoTradingSymbolFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_NoTradingSymbolFlag" xlink:to="lab_dei_NoTradingSymbolFlag" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPExplorationDeltaMember_68c42a0b-5ecb-4b1a-8c1d-c352c74c7b3a_terseLabel_en-US" xlink:label="lab_bp_BPExplorationDeltaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Exploration (Delta) Limited </link:label>
<link:label id="lab_bp_BPExplorationDeltaMember_label_en-US" xlink:label="lab_bp_BPExplorationDeltaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Exploration (Delta) [Member] </link:label>
<link:label id="lab_bp_BPExplorationDeltaMember_documentation_en-US" xlink:label="lab_bp_BPExplorationDeltaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Exploration (Delta) [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPExplorationDeltaMember" xlink:href="bp-20231231.xsd#bp_BPExplorationDeltaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPExplorationDeltaMember" xlink:to="lab_bp_BPExplorationDeltaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_9f453397-e807-468c-8235-04b576a4772a_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Capitalisation rate of borrowing costs eligible for capitalisation </link:label>
<link:label id="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_label_en-US" xlink:label="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capitalisation rate of borrowing costs eligible for capitalisation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:to="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GeographicalAreasAxis_5bf764dd-5a09-4d78-b491-15ce00538296_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Geographical areas [axis] </link:label>
<link:label id="lab_ifrs-full_GeographicalAreasAxis_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Geographical areas [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GeographicalAreasAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3b5173f6-5fb5-4e05-a476-e334ad6d2a96_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net impairment and losses on sale of businesses and fixed assets </link:label>
<link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_769e9965-1f62-4003-b6aa-3ee6f8ad0a86_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Net impairment and losses on sale of businesses and fixed assets </link:label>
<link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment loss (reversal of impairment loss) recognised in profit or loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A2721GuaranteedNotesDue2032Member_f7785c12-e40f-4f98-adad-95b74c8e903a_terseLabel_en-US" xlink:label="lab_bp_A2721GuaranteedNotesDue2032Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2.721% Guaranteed Notes due 2032 </link:label>
<link:label id="lab_bp_A2721GuaranteedNotesDue2032Member_label_en-US" xlink:label="lab_bp_A2721GuaranteedNotesDue2032Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 2.721% Guaranteed Notes due 2032 [Member] </link:label>
<link:label id="lab_bp_A2721GuaranteedNotesDue2032Member_documentation_en-US" xlink:label="lab_bp_A2721GuaranteedNotesDue2032Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 2.721% Guaranteed Notes due 2032 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A2721GuaranteedNotesDue2032Member" xlink:href="bp-20231231.xsd#bp_A2721GuaranteedNotesDue2032Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A2721GuaranteedNotesDue2032Member" xlink:to="lab_bp_A2721GuaranteedNotesDue2032Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfHedgeAccountingLineItems_79f0660d-fdab-41c9-8edb-2919cd7d29ea_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedges [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfHedgeAccountingLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedges [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfHedgeAccountingLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfHedgeAccountingLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfHedgeAccountingLineItems" xlink:to="lab_ifrs-full_DisclosureOfHedgeAccountingLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_dei_IcfrAuditorAttestationFlag_a1aae89c-e6dc-4c83-9fb0-e3619092b6de_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> ICFR Auditor Attestation Flag </link:label>
<link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> ICFR Auditor Attestation Flag </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_IcfrAuditorAttestationFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3060GuaranteedNotesDue2041Member_ab82bd9a-6d67-467e-9373-e8da73fc065b_terseLabel_en-US" xlink:label="lab_bp_A3060GuaranteedNotesDue2041Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.060% Guaranteed Notes due 2041 </link:label>
<link:label id="lab_bp_A3060GuaranteedNotesDue2041Member_label_en-US" xlink:label="lab_bp_A3060GuaranteedNotesDue2041Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.060% Guaranteed Notes due 2041 [Member] </link:label>
<link:label id="lab_bp_A3060GuaranteedNotesDue2041Member_documentation_en-US" xlink:label="lab_bp_A3060GuaranteedNotesDue2041Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.060% Guaranteed Notes due 2041 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3060GuaranteedNotesDue2041Member" xlink:href="bp-20231231.xsd#bp_A3060GuaranteedNotesDue2041Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3060GuaranteedNotesDue2041Member" xlink:to="lab_bp_A3060GuaranteedNotesDue2041Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_84ed8e94-bb63-44f2-b30f-b09d374fce25_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_6d27ab6f-f2ea-452a-8e72-e0f448a172c8_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair value measurement </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for fair value measurement [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember_9d0c37ec-691d-4225-ae94-cbaa657b94fe_terseLabel_en-US" xlink:label="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other taxable temporary differencesb </link:label>
<link:label id="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember_label_en-US" xlink:label="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:label id="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember_documentation_en-US" xlink:label="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember" xlink:href="bp-20231231.xsd#bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember" xlink:to="lab_bp_OtherTemporaryDifferencesDeferredTaxLiabilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember_431b2843-a617-4f9a-96d4-2a6a8721e985_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment by operating lease status [member] </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment by operating lease status [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_a647aaa8-180c-4764-9393-f543052cee9b_terseLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Identifiable assets acquired (liabilities assumed) </link:label>
<link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_label_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Identifiable assets acquired (liabilities assumed) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_0fcbf208-bcd9-4c2f-abf0-d19c53f5c8d6_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustments </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through net exchange differences, intangible assets and goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinalMember_64259cc7-56f7-4c99-a0d6-cc98ac78a77e_terseLabel_en-US" xlink:label="lab_bp_FinalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Final [Member] </link:label>
<link:label id="lab_bp_FinalMember_label_en-US" xlink:label="lab_bp_FinalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Final [Member] </link:label>
<link:label id="lab_bp_FinalMember_documentation_en-US" xlink:label="lab_bp_FinalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Final </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinalMember" xlink:href="bp-20231231.xsd#bp_FinalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinalMember" xlink:to="lab_bp_FinalMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RevenueAndOperatingIncome_0a1272f9-d3a9-4ad2-9138-bbd1729fa892_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueAndOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales and other operating revenues </link:label>
<link:label id="lab_ifrs-full_RevenueAndOperatingIncome_b0516978-b7d7-4d71-9695-80519ec98234_totalLabel_en-US" xlink:label="lab_ifrs-full_RevenueAndOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Third party sales and other operating revenues </link:label>
<link:label id="lab_ifrs-full_RevenueAndOperatingIncome_label_en-US" xlink:label="lab_ifrs-full_RevenueAndOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue and other operating income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueAndOperatingIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueAndOperatingIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAndOperatingIncome" xlink:to="lab_ifrs-full_RevenueAndOperatingIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_4307c639-980d-49dc-ab79-02c6bcc18466_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales to related parties </link:label>
<link:label id="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue from sale of goods, related party transactions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:to="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AccrualsMember_1739908f-259e-45ba-b459-b663bd6a97ed_terseLabel_en-US" xlink:label="lab_bp_AccrualsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accruals </link:label>
<link:label id="lab_bp_AccrualsMember_label_en-US" xlink:label="lab_bp_AccrualsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accruals [Member] </link:label>
<link:label id="lab_bp_AccrualsMember_documentation_en-US" xlink:label="lab_bp_AccrualsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Accruals [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AccrualsMember" xlink:href="bp-20231231.xsd#bp_AccrualsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AccrualsMember" xlink:to="lab_bp_AccrualsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestExpenseNetDefinedBenefitLiability_ca79976a-455d-4f11-8c7e-4907c3b1bdb1_verboseLabel_en-US" xlink:label="lab_bp_InterestExpenseNetDefinedBenefitLiability" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Interest cost </link:label>
<link:label id="lab_bp_InterestExpenseNetDefinedBenefitLiability_e5861ee8-9fc8-4bc9-a4bf-71bc7095bb50_terseLabel_en-US" xlink:label="lab_bp_InterestExpenseNetDefinedBenefitLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Expense, Net Defined Benefit Liability </link:label>
<link:label id="lab_bp_InterestExpenseNetDefinedBenefitLiability_label_en-US" xlink:label="lab_bp_InterestExpenseNetDefinedBenefitLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Net Defined Benefit Liability </link:label>
<link:label id="lab_bp_InterestExpenseNetDefinedBenefitLiability_documentation_en-US" xlink:label="lab_bp_InterestExpenseNetDefinedBenefitLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest Expense, Net Defined Benefit Liability </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestExpenseNetDefinedBenefitLiability" xlink:href="bp-20231231.xsd#bp_InterestExpenseNetDefinedBenefitLiability"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestExpenseNetDefinedBenefitLiability" xlink:to="lab_bp_InterestExpenseNetDefinedBenefitLiability" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets_73dc1f77-191a-4ffb-8ef8-271ad319af48_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents, amount contributed to fair value of plan assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:to="lab_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LongtermBorrowingsMember_f767bf2e-a435-4944-b12e-d76138a91caa_terseLabel_en-US" xlink:label="lab_ifrs-full_LongtermBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term borrowings </link:label>
<link:label id="lab_ifrs-full_LongtermBorrowingsMember_label_en-US" xlink:label="lab_ifrs-full_LongtermBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term borrowings [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LongtermBorrowingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LongtermBorrowingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LongtermBorrowingsMember" xlink:to="lab_ifrs-full_LongtermBorrowingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_country_AO_79054b11-2369-4feb-a613-1dfa86612f27_terseLabel_en-US" xlink:label="lab_country_AO" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Angola </link:label>
<link:label id="lab_country_AO_label_en-US" xlink:label="lab_country_AO" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> ANGOLA </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_AO" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_AO"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_AO" xlink:to="lab_country_AO" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_8aef0368-39ff-4ad1-983d-6bfd40fe279f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax liabilities recognised as of acquisition date </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax liabilities recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BurmahCastrolMember_9ed5ce16-64d3-4ead-91ec-85f343000c70_terseLabel_en-US" xlink:label="lab_bp_BurmahCastrolMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> *Burmah Castrol PLC </link:label>
<link:label id="lab_bp_BurmahCastrolMember_label_en-US" xlink:label="lab_bp_BurmahCastrolMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Burmah Castrol [Member] </link:label>
<link:label id="lab_bp_BurmahCastrolMember_documentation_en-US" xlink:label="lab_bp_BurmahCastrolMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Burmah Castrol [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BurmahCastrolMember" xlink:href="bp-20231231.xsd#bp_BurmahCastrolMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BurmahCastrolMember" xlink:to="lab_bp_BurmahCastrolMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InventoryHoldingGainsLosses_a25addf4-9c8a-4de7-929e-07f52f7a462e_terseLabel_en-US" xlink:label="lab_bp_InventoryHoldingGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventory holding gains (losses) </link:label>
<link:label id="lab_bp_InventoryHoldingGainsLosses_label_en-US" xlink:label="lab_bp_InventoryHoldingGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory Holding Gains (Losses) </link:label>
<link:label id="lab_bp_InventoryHoldingGainsLosses_documentation_en-US" xlink:label="lab_bp_InventoryHoldingGainsLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Inventory Holding Gains (Losses) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InventoryHoldingGainsLosses" xlink:href="bp-20231231.xsd#bp_InventoryHoldingGainsLosses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InventoryHoldingGainsLosses" xlink:to="lab_bp_InventoryHoldingGainsLosses" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentAssets_6c06cb35-8383-442b-9a80-0cb25aaf426b_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets </link:label>
<link:label id="lab_ifrs-full_NoncurrentAssets_4c4a92d5-8eb9-498a-a758-6f716188366f_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets </link:label>
<link:label id="lab_ifrs-full_NoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="lab_ifrs-full_NoncurrentAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent_5f99587a-7330-4eaa-b7ea-7db6a23c156f_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Percentage of plan asset transfers from equity to bonds investment instrument </link:label>
<link:label id="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Plan Asset Transfers From Equity Instrument To Debt Instrument, Percent </link:label>
<link:label id="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Plan Asset Transfers From Equity Instrument To Debt Instrument, Percent </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent" xlink:to="lab_bp_DefinedBenefitPlansPlanAssetTransfersFromEquityInstrumentToDebtInstrumentPercent" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems_41fc0bdc-fff6-404c-8101-bc87eb92c54b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of other provisions [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of other provisions [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOtherProvisionsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPGlobalInvestmentsMember_01129414-e91c-4eeb-a1a8-6d43b38d7e4c_terseLabel_en-US" xlink:label="lab_bp_BPGlobalInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> *BP Global Investments Limited </link:label>
<link:label id="lab_bp_BPGlobalInvestmentsMember_label_en-US" xlink:label="lab_bp_BPGlobalInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Global Investments [Member] </link:label>
<link:label id="lab_bp_BPGlobalInvestmentsMember_documentation_en-US" xlink:label="lab_bp_BPGlobalInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Global Investments [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPGlobalInvestmentsMember" xlink:href="bp-20231231.xsd#bp_BPGlobalInvestmentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPGlobalInvestmentsMember" xlink:to="lab_bp_BPGlobalInvestmentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_61bcb879-93e1-44b4-982f-b41b3b73d4b5_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Weighted average exercise price of share options exercisable in share-based payment arrangement </link:label>
<link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted average exercise price of share options exercisable in share-based payment arrangement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_aca4f7c7-c980-4f7a-b368-00728aaf5f99_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> bp shareholders’ equity </link:label>
<link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity attributable to owners of parent </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock_ad4911f9-f808-4699-a91e-361f5208ccf4_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of auditor's remuneration </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Auditor's Remuneration [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Table Text Block] for Auditor's Remuneration [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationOfAuditorsRemunerationTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_bd7046a6-6925-4300-9dfc-140c38d02ec5_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current tax receivable </link:label>
<link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current tax assets, current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssetsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTaxAssetsCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxAssetsCurrent" xlink:to="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestInOtherEntitiesAbstract_d33becd0-873d-405b-9da6-433360c0d53c_terseLabel_en-US" xlink:label="lab_bp_InterestInOtherEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest In Other Entities [Abstract] </link:label>
<link:label id="lab_bp_InterestInOtherEntitiesAbstract_label_en-US" xlink:label="lab_bp_InterestInOtherEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest In Other Entities [Abstract] </link:label>
<link:label id="lab_bp_InterestInOtherEntitiesAbstract_documentation_en-US" xlink:label="lab_bp_InterestInOtherEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest In Other Entities [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestInOtherEntitiesAbstract" xlink:href="bp-20231231.xsd#bp_InterestInOtherEntitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestInOtherEntitiesAbstract" xlink:to="lab_bp_InterestInOtherEntitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowHedgesMember_b36adc14-819a-47ed-a82c-1db12ef0efad_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges </link:label>
<link:label id="lab_ifrs-full_CashFlowHedgesMember_label_en-US" xlink:label="lab_ifrs-full_CashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flow hedges [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowHedgesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowHedgesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesMember" xlink:to="lab_ifrs-full_CashFlowHedgesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_aa7d77ae-06bf-4cfc-b413-b30f60da23e0_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Current liabilities other than liabilities included in disposal groups classified as held for sale </link:label>
<link:label id="lab_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current liabilities other than liabilities included in disposal groups classified as held for sale </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="lab_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearFive_2b2eca1c-b084-4055-be8c-bf289655ca92_terseLabel_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Five </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearFive_label_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Five </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearFive_documentation_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearFive" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Five </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedFutureBenefitPaymentYearFive" xlink:href="bp-20231231.xsd#bp_ExpectedFutureBenefitPaymentYearFive"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpectedFutureBenefitPaymentYearFive" xlink:to="lab_bp_ExpectedFutureBenefitPaymentYearFive" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_ea3a79e9-4b5c-494a-b74b-8567abac2d37_terseLabel_en-US" xlink:label="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Actual asset return less interest income on plan assets </link:label>
<link:label id="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_197db2b3-a99b-4298-b63e-afeff51f426c_totalLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key management personnel compensation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_e02d0ef6-d858-4192-9d7c-ad69b600c2b0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of associates [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of associates [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EmployeeBenefitsExpense_5896b3e4-4d15-4715-8ab4-9bf3e4873b11_totalLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Employee benefits expense </link:label>
<link:label id="lab_ifrs-full_EmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Employee benefits expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EmployeeBenefitsExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_ca9f129f-87ba-4ac1-8c0c-369a16f0b11c_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> (Increase) decrease in inventories </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for decrease (increase) in inventories </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_261f70fd-9ae9-4768-a3d5-f91bce82103c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about borrowings [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about borrowings [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:type="arc" order="1"/>
<link:label id="lab_dei_SecurityExchangeName_4f884ce6-1c6c-49ed-8685-67a26de8ea51_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Security Exchange Name </link:label>
<link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Security Exchange Name </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AtlanticRichfieldCompanyMember_127f9af3-21ca-496f-9a7a-1c266ebe9869_terseLabel_en-US" xlink:label="lab_bp_AtlanticRichfieldCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Atlantic Richfield Company </link:label>
<link:label id="lab_bp_AtlanticRichfieldCompanyMember_label_en-US" xlink:label="lab_bp_AtlanticRichfieldCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Atlantic Richfield Company [Member] </link:label>
<link:label id="lab_bp_AtlanticRichfieldCompanyMember_documentation_en-US" xlink:label="lab_bp_AtlanticRichfieldCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Atlantic Richfield Company [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AtlanticRichfieldCompanyMember" xlink:href="bp-20231231.xsd#bp_AtlanticRichfieldCompanyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AtlanticRichfieldCompanyMember" xlink:to="lab_bp_AtlanticRichfieldCompanyMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities_c1f26aac-caae-414a-a59c-25d4499a3544_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expense for variable payments not included in the lease liability </link:label>
<link:label id="lab_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense relating to variable lease payments not included in measurement of lease liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" xlink:to="lab_ifrs-full_ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_3ec3b177-6e71-426c-977c-27dbf4876f90_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax recognized directly in equity </link:label>
<link:label id="lab_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_label_en-US" xlink:label="lab_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current and deferred tax relating to items credited (charged) directly to equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:to="lab_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems_de8ee7fc-6faa-4544-be17-0c3703eadc1b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of analysis of other comprehensive income by item [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of analysis of other comprehensive income by item [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities_76f32978-923d-42a2-a4ea-c7923c16e1c4_terseLabel_en-US" xlink:label="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends received from joint ventures and associates </link:label>
<link:label id="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends Received From Joint Ventures And Associates, Classified As Operating Activities </link:label>
<link:label id="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities_documentation_en-US" xlink:label="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Dividends Received From Joint Ventures And Associates, Classified As Operating Activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities" xlink:href="bp-20231231.xsd#bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities" xlink:to="lab_bp_DividendsReceivedFromJointVenturesAndAssociatesClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_8d4dfe9f-ee04-45f5-a289-8bcaee1d98b9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of subsidiaries [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of subsidiaries [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPInternationalMember_30c7de2e-a446-4434-8b20-dfa1188ea3aa_terseLabel_en-US" xlink:label="lab_bp_BPInternationalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> *BP International Limited </link:label>
<link:label id="lab_bp_BPInternationalMember_label_en-US" xlink:label="lab_bp_BPInternationalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP International [Member] </link:label>
<link:label id="lab_bp_BPInternationalMember_documentation_en-US" xlink:label="lab_bp_BPInternationalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP International [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPInternationalMember" xlink:href="bp-20231231.xsd#bp_BPInternationalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPInternationalMember" xlink:to="lab_bp_BPInternationalMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_0f6728da-0a66-4db2-9937-62aa6068749c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis of operating lease payments </link:label>
<link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis of operating lease payments [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InventoriesAbstract_ab199e92-a554-45af-8dc3-f0c9a6156b47_terseLabel_en-US" xlink:label="lab_bp_InventoriesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventories [Abstract] </link:label>
<link:label id="lab_bp_InventoriesAbstract_label_en-US" xlink:label="lab_bp_InventoriesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventories [Abstract] </link:label>
<link:label id="lab_bp_InventoriesAbstract_documentation_en-US" xlink:label="lab_bp_InventoriesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Inventories [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InventoriesAbstract" xlink:href="bp-20231231.xsd#bp_InventoriesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InventoriesAbstract" xlink:to="lab_bp_InventoriesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanFiveYearsMember_4df7aa73-c910-40d9-b596-7e2529e2f949_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Over 5 years </link:label>
<link:label id="lab_ifrs-full_LaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than five years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanFiveYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable_63a8177f-2b65-4ae7-997d-c30acfff69b6_terseLabel_en-US" xlink:label="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consideration received (receivable) </link:label>
<link:label id="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable_label_en-US" xlink:label="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash Flows From Losing Control Of Subsidiaries Or Other Businesses, Receivable </link:label>
<link:label id="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable_documentation_en-US" xlink:label="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cash Flows From Losing Control Of Subsidiaries Or Other Businesses, Receivable </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable" xlink:href="bp-20231231.xsd#bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable" xlink:to="lab_bp_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesReceivable" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentType_6aa8b8d3-da3d-4693-ad1f-b10de56a5234_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Type </link:label>
<link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Type </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_8f9d8fed-ee88-4a8c-94a9-364660232dbc_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets held for sale </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInJointOperation_b6dcd7dd-0a3f-42e1-89fe-9f1fb9b01827_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInJointOperation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in joint operation </link:label>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInJointOperation_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInJointOperation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in joint operation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInJointOperation" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProportionOfOwnershipInterestInJointOperation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInJointOperation" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInJointOperation" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_4f5647b3-04d8-4059-9178-794d9175c538_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segmental analysis </link:label>
<link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of entity's operating segments [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain_5b5f7842-f161-4d05-8c6f-d5db0261f86c_terseLabel_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Domain] </link:label>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain_label_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Domain] </link:label>
<link:label id="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain_documentation_en-US" xlink:label="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> After Offset Amount Offset Amount And Before Offset Amount [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain" xlink:href="bp-20231231.xsd#bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain" xlink:to="lab_bp_AfterOffsetAmountOffsetAmountAndBeforeOffsetAmountDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinanceCosts_164182cb-a923-4c29-b717-44e482ac2969_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:label id="lab_ifrs-full_FinanceCosts_f1863e9e-466c-4c1b-ad38-85ecaeb48a5f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:label id="lab_ifrs-full_FinanceCosts_f938466b-d878-4880-85ab-76cf88437c34_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:label id="lab_ifrs-full_FinanceCosts_label_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceCosts" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinanceCosts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts" xlink:to="lab_ifrs-full_FinanceCosts" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract_87f1b2f8-056a-4885-9d77-6fd711ba02e1_terseLabel_en-US" xlink:label="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of assets and liabilities held for sale [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract_label_en-US" xlink:label="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of assets and liabilities held for sale [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of assets and liabilities held for sale [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureofassetsandliabilitiesheldforsaleAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract" xlink:to="lab_bp_DisclosureofassetsandliabilitiesheldforsaleAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_4782593f-d930-463f-80da-39520e7b0413_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4 to 5 years </link:label>
<link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_d162e7ca-a33e-4655-b0ca-8a2dba1fbdb7_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> 4-5 years </link:label>
<link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than four years and not later than five years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PurchaseOfEquityMember_a3de9fee-e5ed-4ff7-a203-ba6ae829798d_terseLabel_en-US" xlink:label="lab_bp_PurchaseOfEquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchase of equity </link:label>
<link:label id="lab_bp_PurchaseOfEquityMember_label_en-US" xlink:label="lab_bp_PurchaseOfEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchase Of Equity [Member] </link:label>
<link:label id="lab_bp_PurchaseOfEquityMember_documentation_en-US" xlink:label="lab_bp_PurchaseOfEquityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Purchase Of Equity [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PurchaseOfEquityMember" xlink:href="bp-20231231.xsd#bp_PurchaseOfEquityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PurchaseOfEquityMember" xlink:to="lab_bp_PurchaseOfEquityMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_c700d485-5f99-4215-8097-9ccbfb009645_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3 to 4 years </link:label>
<link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_ef4e7dbd-be00-4cbb-a4a9-532ac8ee6f09_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> 3-4 years </link:label>
<link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than three years and not later than four years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CreditFacilityMember_ad9fbc25-195a-4c8d-9a26-e3cb826665cd_terseLabel_en-US" xlink:label="lab_bp_CreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility </link:label>
<link:label id="lab_bp_CreditFacilityMember_label_en-US" xlink:label="lab_bp_CreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility [Member] </link:label>
<link:label id="lab_bp_CreditFacilityMember_documentation_en-US" xlink:label="lab_bp_CreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Facility [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CreditFacilityMember" xlink:href="bp-20231231.xsd#bp_CreditFacilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CreditFacilityMember" xlink:to="lab_bp_CreditFacilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices_0138c11f-1331-49be-a052-0682e0bfcd08_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-audit and other assurance services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Non-Audit And Other Assurance Services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Non-Audit And Other Assurance Services </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices" xlink:to="lab_bp_AuditorsRemunerationForNonAuditAndOtherAssuranceServices" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_b2b874c7-b600-463c-a524-979fe6667946_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of options outstanding (in shares) </link:label>
<link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_label_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of share options outstanding in share-based payment arrangement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfOutstandingShareOptions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:to="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory_ab031a0d-e2fb-40bc-9d66-bd2917b3383f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of additional information about defined benefit plans [text block] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of additional information about defined benefit plans [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_62b539d1-1f45-47e4-b724-c9308234cf3c_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share of items relating to equity-accounted entities, net of tax </link:label>
<link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_cfb7e180-1e82-4e35-88b5-3f10d015799a_totalLabel_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Share of items relating to equity-accounted entities, net of tax, Net of tax </link:label>
<link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AzuleEnergyHoldingsLimitedMember_0cf9fa5d-3dc3-4aee-b6d3-4fc61f9de97e_terseLabel_en-US" xlink:label="lab_bp_AzuleEnergyHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Azule Energy Holdings Limited [Member] </link:label>
<link:label id="lab_bp_AzuleEnergyHoldingsLimitedMember_label_en-US" xlink:label="lab_bp_AzuleEnergyHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Azule Energy Holdings Limited [Member] </link:label>
<link:label id="lab_bp_AzuleEnergyHoldingsLimitedMember_documentation_en-US" xlink:label="lab_bp_AzuleEnergyHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Azule Energy Holdings Limited </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AzuleEnergyHoldingsLimitedMember" xlink:href="bp-20231231.xsd#bp_AzuleEnergyHoldingsLimitedMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AzuleEnergyHoldingsLimitedMember" xlink:to="lab_bp_AzuleEnergyHoldingsLimitedMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinanceIncomeAbstract_3e3bcc0c-bdbe-4e62-b2b6-0b7ace2f71ba_terseLabel_en-US" xlink:label="lab_bp_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest and other income </link:label>
<link:label id="lab_bp_FinanceIncomeAbstract_label_en-US" xlink:label="lab_bp_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Finance Income [Abstract] </link:label>
<link:label id="lab_bp_FinanceIncomeAbstract_documentation_en-US" xlink:label="lab_bp_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Finance Income [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinanceIncomeAbstract" xlink:href="bp-20231231.xsd#bp_FinanceIncomeAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinanceIncomeAbstract" xlink:to="lab_bp_FinanceIncomeAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads_06422815-d4c5-4c5b-a5bb-fbc1e3f0ee4a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Cost of hedging reserve, period start </link:label>
<link:label id="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads_cacb5bf7-4c4c-49b8-b57e-4d9dd36110d9_periodEndLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Cost of hedging reserve, period end </link:label>
<link:label id="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads_label_en-US" xlink:label="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reserve of change in value of foreign currency basis spreads </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:to="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_e8b88e6a-416c-4b21-adfc-9a936606fd56_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of the fair value and carrying amount of finance debt </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value measurement of liabilities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_11e1d18a-38a7-44d0-ab67-85dbf0ac9e1e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests </link:label>
<link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss), attributable to non-controlling interests </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_615fbf74-6283-4282-8086-1c709e3c5213_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustments (liabilities) assets </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesAndReservesReclassifications_519430fd-c99b-4b23-bbe3-c3a86def21e3_terseLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesReclassifications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Reclassifications </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesReclassifications_label_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesReclassifications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Reclassifications </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesReclassifications_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesReclassifications" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Reclassifications </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValuationAllowancesAndReservesReclassifications" xlink:href="bp-20231231.xsd#bp_ValuationAllowancesAndReservesReclassifications"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ValuationAllowancesAndReservesReclassifications" xlink:to="lab_bp_ValuationAllowancesAndReservesReclassifications" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContinuingOperationsMember_4b55d92f-d638-43e1-b452-0a27bf0996af_terseLabel_en-US" xlink:label="lab_ifrs-full_ContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Continuing operations [member] </link:label>
<link:label id="lab_ifrs-full_ContinuingOperationsMember_label_en-US" xlink:label="lab_ifrs-full_ContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Continuing operations [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContinuingOperationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContinuingOperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContinuingOperationsMember" xlink:to="lab_ifrs-full_ContinuingOperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OnePercentagePointDecreaseMember_33683e9e-c746-48fd-9b2f-55dd3754075b_terseLabel_en-US" xlink:label="lab_bp_OnePercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> One Percentage Point Decrease </link:label>
<link:label id="lab_bp_OnePercentagePointDecreaseMember_label_en-US" xlink:label="lab_bp_OnePercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> One Percentage Point Decrease [Member] </link:label>
<link:label id="lab_bp_OnePercentagePointDecreaseMember_documentation_en-US" xlink:label="lab_bp_OnePercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> One Percentage Point Decrease </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OnePercentagePointDecreaseMember" xlink:href="bp-20231231.xsd#bp_OnePercentagePointDecreaseMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OnePercentagePointDecreaseMember" xlink:to="lab_bp_OnePercentagePointDecreaseMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis_acd87e08-953e-4a4d-85ed-ea1bed90bf52_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Types of financial liabilities [axis] </link:label>
<link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Types of financial liabilities [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfFinancialLiabilitiesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember_f57c9e2c-ab84-49e4-b9ad-19456395d670_terseLabel_en-US" xlink:label="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Secured Letter Of Credit Facilities </link:label>
<link:label id="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember_label_en-US" xlink:label="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Uncommitted Secured Letter Of Credit Facilities [Member] </link:label>
<link:label id="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember_documentation_en-US" xlink:label="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Uncommitted Secured Letter Of Credit Facilities [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UncommittedSecuredLetterOfCreditFacilitiesMember" xlink:href="bp-20231231.xsd#bp_UncommittedSecuredLetterOfCreditFacilitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UncommittedSecuredLetterOfCreditFacilitiesMember" xlink:to="lab_bp_UncommittedSecuredLetterOfCreditFacilitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_373522dc-40de-430e-a3ea-32fdd0eb8fcc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of property, plant and equipment [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GasLowCarbonEnergyMember_0dd85ad3-8d50-4c7b-b782-553d1c2c810d_terseLabel_en-US" xlink:label="lab_bp_GasLowCarbonEnergyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> gas & low carbon energy </link:label>
<link:label id="lab_bp_GasLowCarbonEnergyMember_label_en-US" xlink:label="lab_bp_GasLowCarbonEnergyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> gas & low carbon energy [Member] </link:label>
<link:label id="lab_bp_GasLowCarbonEnergyMember_documentation_en-US" xlink:label="lab_bp_GasLowCarbonEnergyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> gas & low carbon energy </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GasLowCarbonEnergyMember" xlink:href="bp-20231231.xsd#bp_GasLowCarbonEnergyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GasLowCarbonEnergyMember" xlink:to="lab_bp_GasLowCarbonEnergyMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_fe8d6e2b-d552-4c16-a547-042bf2e7b523_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about property, plant and equipment [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about property, plant and equipment [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A4.989GuaranteedNotesDue2034Member_0e92853e-ca45-4c08-b31b-67cee7bd8679_terseLabel_en-US" xlink:label="lab_bp_A4.989GuaranteedNotesDue2034Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.989% Guaranteed Notes due 2034 </link:label>
<link:label id="lab_bp_A4.989GuaranteedNotesDue2034Member_label_en-US" xlink:label="lab_bp_A4.989GuaranteedNotesDue2034Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.989% Guaranteed Notes due 2034 [Member] </link:label>
<link:label id="lab_bp_A4.989GuaranteedNotesDue2034Member_documentation_en-US" xlink:label="lab_bp_A4.989GuaranteedNotesDue2034Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.989% Guaranteed Notes due 2034 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4.989GuaranteedNotesDue2034Member" xlink:href="bp-20231231.xsd#bp_A4.989GuaranteedNotesDue2034Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4.989GuaranteedNotesDue2034Member" xlink:to="lab_bp_A4.989GuaranteedNotesDue2034Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_HighlyProbableForecastSalesMember_863c6863-af39-4903-b737-1b8d2bad5e03_terseLabel_en-US" xlink:label="lab_bp_HighlyProbableForecastSalesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Highly probable forecast sales </link:label>
<link:label id="lab_bp_HighlyProbableForecastSalesMember_label_en-US" xlink:label="lab_bp_HighlyProbableForecastSalesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Highly Probable Forecast Sales [Member] </link:label>
<link:label id="lab_bp_HighlyProbableForecastSalesMember_documentation_en-US" xlink:label="lab_bp_HighlyProbableForecastSalesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Highly Probable Forecast Sales [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_HighlyProbableForecastSalesMember" xlink:href="bp-20231231.xsd#bp_HighlyProbableForecastSalesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_HighlyProbableForecastSalesMember" xlink:to="lab_bp_HighlyProbableForecastSalesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_073e88fb-3a73-4844-b240-f4fa2bfda2bd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of non-adjusting events after reporting period [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of non-adjusting events after reporting period [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_dc8bd8db-1ce2-42df-a88d-94f2f9d8f386_terseLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other provisions </link:label>
<link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Miscellaneous other provisions [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MiscellaneousOtherProvisionsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:to="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfRisksMember_8bf78e35-bd69-4607-af1a-f91cb6a8cf0f_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Risks [member] </link:label>
<link:label id="lab_ifrs-full_TypesOfRisksMember_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Risks [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfRisksMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksMember" xlink:to="lab_ifrs-full_TypesOfRisksMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_2c5fb259-f152-43e2-8bc9-800e9e915eeb_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in demographic assumptions underlying the present value of the plan liabilities </link:label>
<link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FixedAssetInvestmentsMember_c84e876b-9e0c-40de-9eb9-c3673e33b387_terseLabel_en-US" xlink:label="lab_bp_FixedAssetInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixed asset investments </link:label>
<link:label id="lab_bp_FixedAssetInvestmentsMember_label_en-US" xlink:label="lab_bp_FixedAssetInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fixed Asset Investments [Member] </link:label>
<link:label id="lab_bp_FixedAssetInvestmentsMember_documentation_en-US" xlink:label="lab_bp_FixedAssetInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fixed Asset Investments [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FixedAssetInvestmentsMember" xlink:href="bp-20231231.xsd#bp_FixedAssetInvestmentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FixedAssetInvestmentsMember" xlink:to="lab_bp_FixedAssetInvestmentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_3080f336-32a2-45e1-807c-0cace8edb327_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other payables recognised as of acquisition date </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other payables recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeStatementAbstract_f95f5705-f2af-4626-954f-70ad32841e86_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit or loss [abstract] </link:label>
<link:label id="lab_ifrs-full_IncomeStatementAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit or loss [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeStatementAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeStatementAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TaxRateEffectOfDisposals_858b1252-7b3b-47e9-b4aa-0930efea0d85_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax rate effect of disposals </link:label>
<link:label id="lab_bp_TaxRateEffectOfDisposals_label_en-US" xlink:label="lab_bp_TaxRateEffectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax rate effect of disposals </link:label>
<link:label id="lab_bp_TaxRateEffectOfDisposals_documentation_en-US" xlink:label="lab_bp_TaxRateEffectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax rate effect of disposals </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxRateEffectOfDisposals" xlink:href="bp-20231231.xsd#bp_TaxRateEffectOfDisposals"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TaxRateEffectOfDisposals" xlink:to="lab_bp_TaxRateEffectOfDisposals" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss_b779a0b3-36d4-4fa8-8f05-a5d862aebb08_totalLabel_en-US" xlink:label="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Impairment and losses on sale of businesses and fixed assets, and closures </link:label>
<link:label id="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment And Losses On Sale Of Businesses And Fixed Assets Recognised In Profit Or Loss </link:label>
<link:label id="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss_documentation_en-US" xlink:label="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Impairment And Losses On Sale Of Businesses And Fixed Assets Recognised In Profit Or Loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss" xlink:href="bp-20231231.xsd#bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss" xlink:to="lab_bp_ImpairmentAndLossesOnSaleOfBusinessesAndFixedAssetsRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsTable_94a81a8d-8cdd-49de-a6da-e7f75e83b365_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about business combination [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about business combination [table] </link:label>
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<link:label id="lab_bp_ProceedsFromSalesOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvesting_95b569b5-151f-49d6-916a-68180d2908e3_totalLabel_en-US" xlink:label="lab_bp_ProceedsFromSalesOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvesting" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from disposal of fixed assets and businesses, net of cash disposed </link:label>
<link:label id="lab_bp_ProceedsFromSalesOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvesting_label_en-US" xlink:label="lab_bp_ProceedsFromSalesOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvesting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds From Sales Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Classified As Investing </link:label>
<link:label id="lab_bp_ProceedsFromSalesOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvesting_documentation_en-US" xlink:label="lab_bp_ProceedsFromSalesOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvesting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Proceeds From Sales Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Classified As Investing </link:label>
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<link:label id="lab_ifrs-full_TopOfRangeMember_7d8133fb-fdfe-4b2a-87f5-238637f5d84b_terseLabel_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Top of range [member] </link:label>
<link:label id="lab_ifrs-full_TopOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Top of range [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TopOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TopOfRangeMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TopOfRangeMember" xlink:to="lab_ifrs-full_TopOfRangeMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_Security12bTitle_e9a1b44a-1c26-4201-bfe6-590d393442b7_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Title of 12(b) Security </link:label>
<link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Title of 12(b) Security </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
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<link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_b52dba8c-8e83-439b-9b8b-be1b0c605c45_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of disaggregation of revenue from contracts with customers [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of disaggregation of revenue from contracts with customers [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable"/>
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<link:label id="lab_ifrs-full_DisclosureOfExternalCreditExposuresLineItems_4bc97082-2b41-4ef8-882a-b10b2c3dd046_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfExternalCreditExposuresLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of external credit grades [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfExternalCreditExposuresLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfExternalCreditExposuresLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of external credit grades [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfExternalCreditExposuresLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfExternalCreditExposuresLineItems"/>
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<link:label id="lab_bp_A3633GuaranteedNotesDue2030Member_9f2c50fa-491b-4946-81ed-abfb4320b0d3_terseLabel_en-US" xlink:label="lab_bp_A3633GuaranteedNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.633% Guaranteed Notes due 2030 </link:label>
<link:label id="lab_bp_A3633GuaranteedNotesDue2030Member_label_en-US" xlink:label="lab_bp_A3633GuaranteedNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.633% Guaranteed Notes due 2030 [Member] </link:label>
<link:label id="lab_bp_A3633GuaranteedNotesDue2030Member_documentation_en-US" xlink:label="lab_bp_A3633GuaranteedNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.633% Guaranteed Notes due 2030 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3633GuaranteedNotesDue2030Member" xlink:href="bp-20231231.xsd#bp_A3633GuaranteedNotesDue2030Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3633GuaranteedNotesDue2030Member" xlink:to="lab_bp_A3633GuaranteedNotesDue2030Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_b8da5b20-0af6-4c01-829e-df105a972d91_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Offsetting of financial assets and liabilities </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for offsetting of financial instruments [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory"/>
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<link:label id="lab_bp_DerivativesHeldForTradingMember_6b0874cb-5e61-4b71-87e9-35c684d4894a_terseLabel_en-US" xlink:label="lab_bp_DerivativesHeldForTradingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivatives held for trading </link:label>
<link:label id="lab_bp_DerivativesHeldForTradingMember_label_en-US" xlink:label="lab_bp_DerivativesHeldForTradingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivatives Held For Trading [Member] </link:label>
<link:label id="lab_bp_DerivativesHeldForTradingMember_documentation_en-US" xlink:label="lab_bp_DerivativesHeldForTradingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivatives Held For Trading [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativesHeldForTradingMember" xlink:href="bp-20231231.xsd#bp_DerivativesHeldForTradingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativesHeldForTradingMember" xlink:to="lab_bp_DerivativesHeldForTradingMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities_a8fc0ebc-466a-4dff-9a3b-8b9cc28cfb1a_terseLabel_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inflation for plan liabilities </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities_label_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Expected Rates Of Inflation For Plan Liabilities </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities_documentation_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Expected Rates Of Inflation For Plan Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities" xlink:href="bp-20231231.xsd#bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities" xlink:to="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OfficeEquipmentMember_fca7cf7b-fde9-4e22-856c-f1c8bf925368_terseLabel_en-US" xlink:label="lab_ifrs-full_OfficeEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Office equipment </link:label>
<link:label id="lab_ifrs-full_OfficeEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_OfficeEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Office equipment [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OfficeEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OfficeEquipmentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OfficeEquipmentMember" xlink:to="lab_ifrs-full_OfficeEquipmentMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanTenYearsMember_e41b2e8e-8787-45a4-9c76-72e5020d3f89_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Over 10 years </link:label>
<link:label id="lab_ifrs-full_LaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than ten years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanTenYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanTenYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPAmericaMember_c3b46782-ae3d-4179-9dcf-7a73d0bd61cc_terseLabel_en-US" xlink:label="lab_bp_BPAmericaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP America Inc. </link:label>
<link:label id="lab_bp_BPAmericaMember_label_en-US" xlink:label="lab_bp_BPAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP America [Member] </link:label>
<link:label id="lab_bp_BPAmericaMember_documentation_en-US" xlink:label="lab_bp_BPAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP America [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPAmericaMember" xlink:href="bp-20231231.xsd#bp_BPAmericaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPAmericaMember" xlink:to="lab_bp_BPAmericaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract_078fff8e-57d9-4d99-b9fd-022421399050_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of number of shares outstanding [abstract] </link:label>
<link:label id="lab_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of number of shares outstanding [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract" xlink:to="lab_ifrs-full_ReconciliationOfNumberOfSharesOutstandingAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom_3efd353e-f560-4f77-925a-b9e397a7ec7e_negatedTerseLabel_en-US" xlink:label="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Estimated Percentage Change in Revenue due to Adverse Impact on Goodwill Headroom </link:label>
<link:label id="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom_label_en-US" xlink:label="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Estimated Percentage Change in Revenue due to Adverse Impact on Goodwill Headroom </link:label>
<link:label id="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom_documentation_en-US" xlink:label="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Estimated Percentage Change in Revenue due to Adverse Impact on Goodwill Headroom </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom" xlink:href="bp-20231231.xsd#bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom" xlink:to="lab_bp_EstimatedPercentageChangeInRevenueDueToAdverseImpactOnGoodwillHeadroom" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_a923f9f2-046f-40bd-8b8d-a9adc56c06ae_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest payable on lease liabilities </link:label>
<link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest expense on lease liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutDisposalGroupsNotConsideredDiscontinuedOperationsExplanatoryTableTextBlock_948a408d-3e96-4c90-9321-73e88f6e6c8b_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutDisposalGroupsNotConsideredDiscontinuedOperationsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary financial information relating to the sale of business </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutDisposalGroupsNotConsideredDiscontinuedOperationsExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutDisposalGroupsNotConsideredDiscontinuedOperationsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Disposal Groups, Not Considered Discontinued Operations Explanatory [Table Text Block] </link:label>
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<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationAboutDisposalGroupsNotConsideredDiscontinuedOperationsExplanatoryTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationAboutDisposalGroupsNotConsideredDiscontinuedOperationsExplanatoryTableTextBlock"/>
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<link:label id="lab_bp_ImpairmentLossDueToPortfolioChanges_label_en-US" xlink:label="lab_bp_ImpairmentLossDueToPortfolioChanges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment loss due to portfolio changes </link:label>
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<link:label id="lab_bp_ThresholdForIssuanceOfSharesValue_documentation_en-US" xlink:label="lab_bp_ThresholdForIssuanceOfSharesValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Threshold For Issuance Of Shares, Value </link:label>
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<link:label id="lab_bp_CivilPenalty_ee55b1d0-3e80-48ee-8fc1-2313be171490_terseLabel_en-US" xlink:label="lab_bp_CivilPenalty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Civil penalty </link:label>
<link:label id="lab_bp_CivilPenalty_label_en-US" xlink:label="lab_bp_CivilPenalty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Civil penalty </link:label>
<link:label id="lab_bp_CivilPenalty_documentation_en-US" xlink:label="lab_bp_CivilPenalty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Civil penalty </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CivilPenalty" xlink:to="lab_bp_CivilPenalty" xlink:type="arc" order="1"/>
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<link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities at fair value through profit or loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_e30e9fb7-9e1d-4c59-b716-3a2742d8192a_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents in subsidiary or businesses acquired or disposed </link:label>
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<link:label id="lab_bp_IncreaseDecreaseInDefinedBenefitPlanExpenseDueToReasonablyPossibleIncreaseInActuarialAssumption_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInDefinedBenefitPlanExpenseDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Defined Benefit Plan Expense Due To Reasonably Possible Increase In Actuarial Assumption </link:label>
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<link:label id="lab_bp_ProjectSpecificBondsMember_02d05ffe-cdc0-4a72-b133-31394c1919c9_terseLabel_en-US" xlink:label="lab_bp_ProjectSpecificBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Project specific bonds [Member] </link:label>
<link:label id="lab_bp_ProjectSpecificBondsMember_label_en-US" xlink:label="lab_bp_ProjectSpecificBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Project specific bonds [Member] </link:label>
<link:label id="lab_bp_ProjectSpecificBondsMember_documentation_en-US" xlink:label="lab_bp_ProjectSpecificBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Project specific bonds </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProjectSpecificBondsMember" xlink:href="bp-20231231.xsd#bp_ProjectSpecificBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProjectSpecificBondsMember" xlink:to="lab_bp_ProjectSpecificBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_ea6ab504-7542-499e-9e90-71d4f260c82e_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 1 to 2 years </link:label>
<link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_978e18a1-36eb-4657-9eaa-6aef5ea87245_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> 1-2 years </link:label>
<link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than one year and not later than two years [member] </link:label>
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<link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_fa4338d0-87c1-4346-b0e9-ae8e7da0a6c1_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in cash and cash equivalents </link:label>
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<link:label id="lab_bp_ServiceStationStaffMember_799b1abc-9da7-4ad8-bc1e-f506687e1af1_terseLabel_en-US" xlink:label="lab_bp_ServiceStationStaffMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Service station staff </link:label>
<link:label id="lab_bp_ServiceStationStaffMember_label_en-US" xlink:label="lab_bp_ServiceStationStaffMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Service Station Staff [Member] </link:label>
<link:label id="lab_bp_ServiceStationStaffMember_documentation_en-US" xlink:label="lab_bp_ServiceStationStaffMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Service Station Staff [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ServiceStationStaffMember" xlink:href="bp-20231231.xsd#bp_ServiceStationStaffMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ServiceStationStaffMember" xlink:to="lab_bp_ServiceStationStaffMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_910a5d00-56ef-4acf-ac80-4916ba25df55_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill, beginning of period </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_bc480e03-4f5d-4aa1-84ba-28947aac6daf_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill, end of period </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_1cf7933c-d02f-4541-9045-11db008cfb77_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_f7483457-4f7a-4ed6-ad4a-84c51e2d5527_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in net defined benefit liability (asset) resulting from past service cost and losses (gains) arising from settlements </link:label>
<link:label id="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in net defined benefit liability (asset) resulting from past service cost and losses (gains) arising from settlements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherContract1Member_60eb2b58-fa30-4e58-ba8d-05a6333d8e9e_terseLabel_en-US" xlink:label="lab_bp_OtherContract1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other derivatives </link:label>
<link:label id="lab_bp_OtherContract1Member_label_en-US" xlink:label="lab_bp_OtherContract1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Contract 1 [Member] </link:label>
<link:label id="lab_bp_OtherContract1Member_documentation_en-US" xlink:label="lab_bp_OtherContract1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Contract 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherContract1Member" xlink:href="bp-20231231.xsd#bp_OtherContract1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherContract1Member" xlink:to="lab_bp_OtherContract1Member" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityInteractiveDataCurrent_39d9477e-75ff-4bea-9600-137bd56cdd53_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Interactive Data Current </link:label>
<link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Interactive Data Current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_ce35ca46-c49f-4693-bf9c-e14284d2b26c_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Taxable temporary differences associated with investments in subsidiaries and equity-accounted entities </link:label>
<link:label id="lab_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements for which deferred tax liabilities have not been recognised </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:to="lab_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A2939GuaranteedNotesDue2051Member_2545b102-8162-46dc-bf4f-065922350b68_terseLabel_en-US" xlink:label="lab_bp_A2939GuaranteedNotesDue2051Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2.939% Guaranteed Notes due 2051 </link:label>
<link:label id="lab_bp_A2939GuaranteedNotesDue2051Member_label_en-US" xlink:label="lab_bp_A2939GuaranteedNotesDue2051Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 2.939% Guaranteed Notes due 2051 [Member] </link:label>
<link:label id="lab_bp_A2939GuaranteedNotesDue2051Member_documentation_en-US" xlink:label="lab_bp_A2939GuaranteedNotesDue2051Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 2.939% Guaranteed Notes due 2051 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A2939GuaranteedNotesDue2051Member" xlink:href="bp-20231231.xsd#bp_A2939GuaranteedNotesDue2051Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A2939GuaranteedNotesDue2051Member" xlink:to="lab_bp_A2939GuaranteedNotesDue2051Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A4.375FixedRateNonCallMember_a646cb5c-c4f1-4b2f-b782-66f19ace433d_terseLabel_en-US" xlink:label="lab_bp_A4.375FixedRateNonCallMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.375% fixed rate non-call [Member] </link:label>
<link:label id="lab_bp_A4.375FixedRateNonCallMember_label_en-US" xlink:label="lab_bp_A4.375FixedRateNonCallMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.375% fixed rate non-call [Member] </link:label>
<link:label id="lab_bp_A4.375FixedRateNonCallMember_documentation_en-US" xlink:label="lab_bp_A4.375FixedRateNonCallMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.375% fixed rate non-call </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4.375FixedRateNonCallMember" xlink:href="bp-20231231.xsd#bp_A4.375FixedRateNonCallMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4.375FixedRateNonCallMember" xlink:to="lab_bp_A4.375FixedRateNonCallMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherFinancialAssetsMember_6f5426fa-b1df-4df4-a629-c0e31375bd22_terseLabel_en-US" xlink:label="lab_bp_OtherFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other financial assets </link:label>
<link:label id="lab_bp_OtherFinancialAssetsMember_label_en-US" xlink:label="lab_bp_OtherFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Financial Assets [Member] </link:label>
<link:label id="lab_bp_OtherFinancialAssetsMember_documentation_en-US" xlink:label="lab_bp_OtherFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Financial Assets [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherFinancialAssetsMember" xlink:href="bp-20231231.xsd#bp_OtherFinancialAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherFinancialAssetsMember" xlink:to="lab_bp_OtherFinancialAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_371ea2ad-4d41-4390-bf48-3d0d7060c145_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Attributable to </link:label>
<link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Comprehensive income attributable to [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPTrinidadandTobagoMember_b8b68b91-3edc-4fa1-bedf-89b44352efc5_terseLabel_en-US" xlink:label="lab_bp_BPTrinidadandTobagoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Trinidad and Tobago LLC </link:label>
<link:label id="lab_bp_BPTrinidadandTobagoMember_label_en-US" xlink:label="lab_bp_BPTrinidadandTobagoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Trinidad and Tobago [Member] </link:label>
<link:label id="lab_bp_BPTrinidadandTobagoMember_documentation_en-US" xlink:label="lab_bp_BPTrinidadandTobagoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Trinidad and Tobago [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPTrinidadandTobagoMember" xlink:href="bp-20231231.xsd#bp_BPTrinidadandTobagoMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPTrinidadandTobagoMember" xlink:to="lab_bp_BPTrinidadandTobagoMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_9acf0188-ec89-42cd-b99e-3b0a5efdc396_terseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 1 </link:label>
<link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Level 1 of fair value hierarchy [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers_d0ac9cc9-5c0f-41be-ba4f-44ebb3e1d4d0_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of companies employees serving as investment committee members (employee) </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Companies Employees Serving As Investment Committee Members </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Companies Employees Serving As Investment Committee Members </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers" xlink:to="lab_bp_DefinedBenefitPlansNumberOfCompaniesEmployeesServingAsInvestmentCommitteeMembers" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityWellKnownSeasonedIssuer_f6d4a1b5-a5c9-4f8b-8142-d19e40fa5e1f_terseLabel_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Well-known Seasoned Issuer </link:label>
<link:label id="lab_dei_EntityWellKnownSeasonedIssuer_label_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Well-known Seasoned Issuer </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ImpairmentOfAssetsAbstract_6e0ec4bc-0fd9-4ab0-bb3d-5c7092473352_terseLabel_en-US" xlink:label="lab_bp_ImpairmentOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment Of Assets [Abstract] </link:label>
<link:label id="lab_bp_ImpairmentOfAssetsAbstract_label_en-US" xlink:label="lab_bp_ImpairmentOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment Of Assets [Abstract] </link:label>
<link:label id="lab_bp_ImpairmentOfAssetsAbstract_documentation_en-US" xlink:label="lab_bp_ImpairmentOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Impairment Of Assets [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ImpairmentOfAssetsAbstract" xlink:href="bp-20231231.xsd#bp_ImpairmentOfAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ImpairmentOfAssetsAbstract" xlink:to="lab_bp_ImpairmentOfAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_b5a9b589-b570-441f-be44-d0118b41b6be_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> bp shareholders </link:label>
<link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_1a4b24e3-9ba0-4f00-aa08-836a34e08b90_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Profit for the year </link:label>
<link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss), attributable to owners of parent </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_a8cbc23a-e3c7-4bae-a921-d82ef54228b4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of subsidiaries [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of subsidiaries [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_a1e76764-0fbf-42a0-85fd-76cb66dc660e_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 5 to 10 years </link:label>
<link:label id="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than five years and not later than ten years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ImpactOfRosneftMember_14f0ce8e-7c2a-49bb-9972-c5e242529d11_terseLabel_en-US" xlink:label="lab_bp_ImpactOfRosneftMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impact of Rosneft </link:label>
<link:label id="lab_bp_ImpactOfRosneftMember_label_en-US" xlink:label="lab_bp_ImpactOfRosneftMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impact of Rosneft [Member] </link:label>
<link:label id="lab_bp_ImpactOfRosneftMember_documentation_en-US" xlink:label="lab_bp_ImpactOfRosneftMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Impact of Rosneft </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ImpactOfRosneftMember" xlink:href="bp-20231231.xsd#bp_ImpactOfRosneftMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ImpactOfRosneftMember" xlink:to="lab_bp_ImpactOfRosneftMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads_178631ab-f2c8-4396-98e5-3e14af34aaf4_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedging (including reclassifications), Pre-tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, change in value of foreign currency basis spreads </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComputerSoftwareMember_b51aeb06-5cd1-489e-9742-a62c7030512b_terseLabel_en-US" xlink:label="lab_ifrs-full_ComputerSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Computer software </link:label>
<link:label id="lab_ifrs-full_ComputerSoftwareMember_label_en-US" xlink:label="lab_ifrs-full_ComputerSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Computer software [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComputerSoftwareMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComputerSoftwareMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComputerSoftwareMember" xlink:to="lab_ifrs-full_ComputerSoftwareMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityIncorporationStateCountryCode_53f8c8fe-a47c-44ff-b444-ab4883e733ce_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Incorporation, State or Country Code </link:label>
<link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Incorporation, State or Country Code </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory_6223774f-b0ae-46dd-94cf-403d2fd42cae_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Business combinations and other significant transactions </link:label>
<link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of business combinations [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_country_DZ_e562bdd5-4403-4c9f-9870-79c286528cfc_terseLabel_en-US" xlink:label="lab_country_DZ" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> ALGERIA </link:label>
<link:label id="lab_country_DZ_label_en-US" xlink:label="lab_country_DZ" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> ALGERIA </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_DZ" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_DZ"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_DZ" xlink:to="lab_country_DZ" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AverageForeignExchangeRate_7ffc1ec5-0ae6-401b-8771-dacde9fa02ab_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageForeignExchangeRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Average foreign exchange rate (per USD) </link:label>
<link:label id="lab_ifrs-full_AverageForeignExchangeRate_label_en-US" xlink:label="lab_ifrs-full_AverageForeignExchangeRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Average foreign exchange rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageForeignExchangeRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AverageForeignExchangeRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageForeignExchangeRate" xlink:to="lab_ifrs-full_AverageForeignExchangeRate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NonadjustingEventsMember_c752ef51-2b09-4d9d-b54e-8d1b121436cd_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-adjusting events after reporting period [member] </link:label>
<link:label id="lab_ifrs-full_NonadjustingEventsMember_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-adjusting events after reporting period [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NonadjustingEventsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsMember" xlink:to="lab_ifrs-full_NonadjustingEventsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock_28f42400-cd52-4706-82b1-7e506edd92fb_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of major components of tax expense (income) </link:label>
<link:label id="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Major Components Of Tax Expense (Income) [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Major Components Of Tax Expense (Income) [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" xlink:to="lab_bp_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory_8678c302-0136-4e74-adf9-d55328fbb603_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Remuneration of senior management and non-executive directors </link:label>
<link:label id="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of related party [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CommercialPaper1Member_c5262ab5-8181-4fab-811d-bd6281ac26d7_terseLabel_en-US" xlink:label="lab_bp_CommercialPaper1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commercial Papers </link:label>
<link:label id="lab_bp_CommercialPaper1Member_label_en-US" xlink:label="lab_bp_CommercialPaper1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Paper 1 [Member] </link:label>
<link:label id="lab_bp_CommercialPaper1Member_documentation_en-US" xlink:label="lab_bp_CommercialPaper1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Commercial Paper 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CommercialPaper1Member" xlink:href="bp-20231231.xsd#bp_CommercialPaper1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CommercialPaper1Member" xlink:to="lab_bp_CommercialPaper1Member" xlink:type="arc" order="1"/>
<link:label id="lab_country_EG_64a17849-5452-4b5f-9695-8dcd68bbd376_terseLabel_en-US" xlink:label="lab_country_EG" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Egypt </link:label>
<link:label id="lab_country_EG_label_en-US" xlink:label="lab_country_EG" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> EGYPT </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_EG" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_EG"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_EG" xlink:to="lab_country_EG" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_82128871-3304-482a-9749-99273e1d9cc9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of quantitative information about right-of-use assets [text block] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of quantitative information about right-of-use assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialGuaranteeContractsMember_fc7c2c72-bc00-44cb-a919-cee036efe2b0_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialGuaranteeContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial guarantee contracts </link:label>
<link:label id="lab_ifrs-full_FinancialGuaranteeContractsMember_label_en-US" xlink:label="lab_ifrs-full_FinancialGuaranteeContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial guarantee contracts [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialGuaranteeContractsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialGuaranteeContractsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialGuaranteeContractsMember" xlink:to="lab_ifrs-full_FinancialGuaranteeContractsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AuditorsRemuneration_6fa09001-6805-4f3c-856e-6e64355a75b8_totalLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration </link:label>
<link:label id="lab_ifrs-full_AuditorsRemuneration_6bc6fcd1-58c5-4ae7-a940-db7268a9135a_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration </link:label>
<link:label id="lab_ifrs-full_AuditorsRemuneration_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemuneration" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AuditorsRemuneration"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemuneration" xlink:to="lab_ifrs-full_AuditorsRemuneration" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable_f6508270-268a-4063-96b9-d109b0003f24_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis of operating lease payments [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis of operating lease payments [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_USFuelsMember_fc393641-a8d4-40d3-8230-5fe632487ff7_terseLabel_en-US" xlink:label="lab_bp_USFuelsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> US fuels </link:label>
<link:label id="lab_bp_USFuelsMember_label_en-US" xlink:label="lab_bp_USFuelsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> US fuels [Member] </link:label>
<link:label id="lab_bp_USFuelsMember_documentation_en-US" xlink:label="lab_bp_USFuelsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> US fuels </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_USFuelsMember" xlink:href="bp-20231231.xsd#bp_USFuelsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_USFuelsMember" xlink:to="lab_bp_USFuelsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncomeTaxAuthority1Domain_eb2766e7-e3ed-45f0-ae85-3b54be1b45a1_terseLabel_en-US" xlink:label="lab_bp_IncomeTaxAuthority1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax Authority [Domain] </link:label>
<link:label id="lab_bp_IncomeTaxAuthority1Domain_label_en-US" xlink:label="lab_bp_IncomeTaxAuthority1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Authority 1 [Domain] </link:label>
<link:label id="lab_bp_IncomeTaxAuthority1Domain_documentation_en-US" xlink:label="lab_bp_IncomeTaxAuthority1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income Tax Authority 1 [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncomeTaxAuthority1Domain" xlink:href="bp-20231231.xsd#bp_IncomeTaxAuthority1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncomeTaxAuthority1Domain" xlink:to="lab_bp_IncomeTaxAuthority1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_dei_AuditorLocation_6f6d5c2e-2024-468e-bc57-c8d552b23634_terseLabel_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor Location </link:label>
<link:label id="lab_dei_AuditorLocation_label_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor Location </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_AuditorLocation" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorLocation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorLocation" xlink:to="lab_dei_AuditorLocation" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TenPercentagePointIncreaseMember_d892c698-07ad-47fa-9763-78417ef62db2_terseLabel_en-US" xlink:label="lab_bp_TenPercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ten Percentage Point Increase </link:label>
<link:label id="lab_bp_TenPercentagePointIncreaseMember_label_en-US" xlink:label="lab_bp_TenPercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ten Percentage Point Increase [Member] </link:label>
<link:label id="lab_bp_TenPercentagePointIncreaseMember_documentation_en-US" xlink:label="lab_bp_TenPercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Ten Percentage Point Increase </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TenPercentagePointIncreaseMember" xlink:href="bp-20231231.xsd#bp_TenPercentagePointIncreaseMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TenPercentagePointIncreaseMember" xlink:to="lab_bp_TenPercentagePointIncreaseMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock_e23cbaea-cacc-460d-9a4d-7d32d0df90d4_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disposals and impairment </link:label>
<link:label id="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Impairment Loss And Disposals Explanatory [Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Impairment Loss And Disposals Explanatory [Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock" xlink:to="lab_bp_DisclosureOfImpairmentLossAndDisposalsExplanatoryTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3119GuaranteedNotesDue2026Member_8d47e806-22ef-43d4-9e6e-6b96211d63b1_terseLabel_en-US" xlink:label="lab_bp_A3119GuaranteedNotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.119% Guaranteed Notes due 2026 </link:label>
<link:label id="lab_bp_A3119GuaranteedNotesDue2026Member_label_en-US" xlink:label="lab_bp_A3119GuaranteedNotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.119% Guaranteed Notes due 2026 [Member] </link:label>
<link:label id="lab_bp_A3119GuaranteedNotesDue2026Member_documentation_en-US" xlink:label="lab_bp_A3119GuaranteedNotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.119% Guaranteed Notes due 2026 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3119GuaranteedNotesDue2026Member" xlink:href="bp-20231231.xsd#bp_A3119GuaranteedNotesDue2026Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3119GuaranteedNotesDue2026Member" xlink:to="lab_bp_A3119GuaranteedNotesDue2026Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TreasurySharesHeldByParentMember_4413ed7d-c35c-4029-83cc-ca2862169903_terseLabel_en-US" xlink:label="lab_bp_TreasurySharesHeldByParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Shares held in treasury by BP </link:label>
<link:label id="lab_bp_TreasurySharesHeldByParentMember_label_en-US" xlink:label="lab_bp_TreasurySharesHeldByParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Shares Held By Parent [Member] </link:label>
<link:label id="lab_bp_TreasurySharesHeldByParentMember_documentation_en-US" xlink:label="lab_bp_TreasurySharesHeldByParentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Treasury Shares Held By Parent [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TreasurySharesHeldByParentMember" xlink:href="bp-20231231.xsd#bp_TreasurySharesHeldByParentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TreasurySharesHeldByParentMember" xlink:to="lab_bp_TreasurySharesHeldByParentMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory_590b3ca1-16a0-4c31-944e-b20a35909bfa_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for finance costs [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesMember_9e3221bd-4852-412a-9995-c87cddb20aeb_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reserve of cash flow hedges [member] </link:label>
<link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesMember_label_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reserve of cash flow hedges [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReserveOfCashFlowHedgesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_KGD6Member_3ee1e22c-cbab-48bc-aa8d-2a00e9f01cd2_terseLabel_en-US" xlink:label="lab_bp_KGD6Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> KGD6 </link:label>
<link:label id="lab_bp_KGD6Member_label_en-US" xlink:label="lab_bp_KGD6Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> KGD6 [Member] </link:label>
<link:label id="lab_bp_KGD6Member_documentation_en-US" xlink:label="lab_bp_KGD6Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> KGD6 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_KGD6Member" xlink:href="bp-20231231.xsd#bp_KGD6Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_KGD6Member" xlink:to="lab_bp_KGD6Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_bdc83813-3352-4392-bbc8-993a2d6c0a82_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Taxation </link:label>
<link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of income tax [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss_da963b14-9116-427b-adba-8261d46bb803_terseLabel_en-US" xlink:label="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net gain (loss) related to other assets and liabilities classified as measured at fair value </link:label>
<link:label id="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains (Losses) On Other Assets And Other Liabilities At Fair Value Through Profit Or Loss </link:label>
<link:label id="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss_documentation_en-US" xlink:label="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gains (Losses) On Other Assets And Other Liabilities At Fair Value Through Profit Or Loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss" xlink:href="bp-20231231.xsd#bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="lab_bp_GainsLossesOnOtherAssetsAndOtherLiabilitiesAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_81073f3f-4359-47f4-bbb7-e773641b7a3b_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of financial instruments [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of financial instruments [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Equity_840ca112-7ffe-4b48-985a-e3010861b6e2_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Equity outstanding, beginning of period </link:label>
<link:label id="lab_ifrs-full_Equity_220f864b-3006-4e61-b620-dab22cfa930c_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Equity outstanding, end of period </link:label>
<link:label id="lab_ifrs-full_Equity_cfcbdedb-a816-4729-9095-9452b6ea8479_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total equity </link:label>
<link:label id="lab_ifrs-full_Equity_5236148f-8c9d-4650-b925-ea2c0ffb2a1e_terseLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
<link:label id="lab_ifrs-full_Equity_label_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Equity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_UnusedTaxCreditsMember_39cab06b-a7a3-40cb-b66d-0338b43038fb_verboseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Tax credits </link:label>
<link:label id="lab_ifrs-full_UnusedTaxCreditsMember_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unused tax credits [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxCreditsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UnusedTaxCreditsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedTaxCreditsMember" xlink:to="lab_ifrs-full_UnusedTaxCreditsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfReportableSegments1_f255a7a8-1cb0-4bd0-9c2f-2d0b3f8d6c81_terseLabel_en-US" xlink:label="lab_bp_NumberOfReportableSegments1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of reportable segments (segment) </link:label>
<link:label id="lab_bp_NumberOfReportableSegments1_label_en-US" xlink:label="lab_bp_NumberOfReportableSegments1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Reportable Segments1 </link:label>
<link:label id="lab_bp_NumberOfReportableSegments1_documentation_en-US" xlink:label="lab_bp_NumberOfReportableSegments1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number Of Reportable Segments1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfReportableSegments1" xlink:href="bp-20231231.xsd#bp_NumberOfReportableSegments1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfReportableSegments1" xlink:to="lab_bp_NumberOfReportableSegments1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A10PercentagePointIncreaseMember_71f052db-47c7-4e55-8e77-f5417139b9c2_terseLabel_en-US" xlink:label="lab_bp_A10PercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 1.0 percentage point increase [Member] </link:label>
<link:label id="lab_bp_A10PercentagePointIncreaseMember_label_en-US" xlink:label="lab_bp_A10PercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 1.0 percentage point increase [Member] </link:label>
<link:label id="lab_bp_A10PercentagePointIncreaseMember_documentation_en-US" xlink:label="lab_bp_A10PercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 1.0 percentage point increase </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A10PercentagePointIncreaseMember" xlink:href="bp-20231231.xsd#bp_A10PercentagePointIncreaseMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A10PercentagePointIncreaseMember" xlink:to="lab_bp_A10PercentagePointIncreaseMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized_8f08bab8-7a71-4d56-a63c-7bebdd1d21be_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax not recognized </link:label>
<link:label id="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized_label_en-US" xlink:label="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect From Deferred Tax Not Recognized </link:label>
<link:label id="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized_documentation_en-US" xlink:label="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect From Deferred Tax Not Recognized </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxRateEffectFromDeferredTaxNotRecognized" xlink:href="bp-20231231.xsd#bp_TaxRateEffectFromDeferredTaxNotRecognized"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TaxRateEffectFromDeferredTaxNotRecognized" xlink:to="lab_bp_TaxRateEffectFromDeferredTaxNotRecognized" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract_03b9d173-0ba6-4307-8300-48385e4d6b74_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in fair value measurement, assets [abstract] </link:label>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in fair value measurement, assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_country_DE_d4d03355-1f4c-4a4f-8430-af6591cf37bf_terseLabel_en-US" xlink:label="lab_country_DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Germany </link:label>
<link:label id="lab_country_DE_label_en-US" xlink:label="lab_country_DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> GERMANY </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_DE" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_DE"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_DE" xlink:to="lab_country_DE" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EarningsPerShareLineItems_12b723b0-fb7c-4cb6-8075-bd6e673bdcee_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Earnings per share [line items] </link:label>
<link:label id="lab_ifrs-full_EarningsPerShareLineItems_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Earnings per share [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EarningsPerShareLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareLineItems" xlink:to="lab_ifrs-full_EarningsPerShareLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DerivativeFinancialAssets_ddadcbd0-ed27-4422-b0a0-58d20757cbfa_totalLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Fair value asset </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativeFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssets" xlink:to="lab_ifrs-full_DerivativeFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComponentsOfEquityAxis_01be6382-0fab-45f0-a057-53d8439da710_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Components of equity [axis] </link:label>
<link:label id="lab_ifrs-full_ComponentsOfEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Components of equity [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComponentsOfEquityAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IntangibleAssetsAbstract_9e215c76-cd6c-4e30-93b4-70db7b68539b_terseLabel_en-US" xlink:label="lab_bp_IntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible Assets [Abstract] </link:label>
<link:label id="lab_bp_IntangibleAssetsAbstract_label_en-US" xlink:label="lab_bp_IntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible Assets [Abstract] </link:label>
<link:label id="lab_bp_IntangibleAssetsAbstract_documentation_en-US" xlink:label="lab_bp_IntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Intangible Assets [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IntangibleAssetsAbstract" xlink:href="bp-20231231.xsd#bp_IntangibleAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IntangibleAssetsAbstract" xlink:to="lab_bp_IntangibleAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentShellCompanyReport_2a07ccd3-8db6-4eee-bbcc-5f0d9bfb4d16_terseLabel_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Shell Company Report </link:label>
<link:label id="lab_dei_DocumentShellCompanyReport_label_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Shell Company Report </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentShellCompanyReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentShellCompanyReport" xlink:to="lab_dei_DocumentShellCompanyReport" xlink:type="arc" order="1"/>
<link:label id="lab_country_BR_e9b903d5-eae1-46fe-aad6-6f5c3ec531c2_terseLabel_en-US" xlink:label="lab_country_BR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Brazil </link:label>
<link:label id="lab_country_BR_label_en-US" xlink:label="lab_country_BR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BRAZIL </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_BR" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_BR"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_BR" xlink:to="lab_country_BR" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CountryOfDomicileMember_07578e21-1509-4f8b-aee4-e441eae2cdf5_terseLabel_en-US" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> United Kingdom </link:label>
<link:label id="lab_ifrs-full_CountryOfDomicileMember_label_en-US" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Country of domicile [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CountryOfDomicileMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CountryOfDomicileMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CountryOfDomicileMember" xlink:to="lab_ifrs-full_CountryOfDomicileMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CreditRiskMember_2d3a5676-ff35-46a9-9b75-ca7b286ba2d7_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit risk </link:label>
<link:label id="lab_ifrs-full_CreditRiskMember_label_en-US" xlink:label="lab_ifrs-full_CreditRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit risk [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CreditRiskMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditRiskMember" xlink:to="lab_ifrs-full_CreditRiskMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_43e2dc07-90e2-4248-a05c-2cbd0361ed15_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Settlement </link:label>
<link:label id="lab_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from gains (losses) arising from settlements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_GainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_5e137c16-dd57-4750-b212-2b03083569de_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges marked to market </link:label>
<link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains (losses) on cash flow hedges, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_e06e3416-3ea0-4af5-988a-dd5bb8bbaba7_totalLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Other finance (income) expense </link:label>
<link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement_cb698d78-adfe-4830-91fd-c18b0919a3ad_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) future decommissioning expenditure, impact on income statement </link:label>
<link:label id="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement_label_en-US" xlink:label="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) future decommissioning expenditure, impact on income statement </link:label>
<link:label id="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (decrease) future decommissioning expenditure, impact on income statement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement" xlink:to="lab_bp_IncreaseDecreaseFutureDecommissioningExpenditureImpactOnIncomeStatement" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_43ac34c1-fab1-4913-9ecc-7e252cd5cd49_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Hedge ineffectiveness recognized in profit or (loss) </link:label>
<link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_cf334e8a-5cc1-4258-a979-940bbedc7eba_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gain (loss) on hedge ineffectiveness recognised in profit or loss </link:label>
<link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (loss) on hedge ineffectiveness recognised in profit or loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FixturesAndFittingsMember_212c4575-2dc5-49d1-95fd-22876cea6e7e_terseLabel_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixtures and fittings </link:label>
<link:label id="lab_ifrs-full_FixturesAndFittingsMember_label_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fixtures and fittings [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FixturesAndFittingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FixturesAndFittingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixturesAndFittingsMember" xlink:to="lab_ifrs-full_FixturesAndFittingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge_8fb4c822-c444-474e-b9a1-10d58f2f50fd_terseLabel_en-US" xlink:label="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amount of unjust profits directed to disgorge </link:label>
<link:label id="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge_label_en-US" xlink:label="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amount of unjust profits directed to disgorge </link:label>
<link:label id="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge_documentation_en-US" xlink:label="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of unjust profits directed to disgorge </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AmountOfUnjustProfitsDirectedToDisgorge" xlink:href="bp-20231231.xsd#bp_AmountOfUnjustProfitsDirectedToDisgorge"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AmountOfUnjustProfitsDirectedToDisgorge" xlink:to="lab_bp_AmountOfUnjustProfitsDirectedToDisgorge" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherBusinessAndCorporateNonSegmentMember_7ba2202e-6707-4414-9ccb-f00d607c32a8_verboseLabel_en-US" xlink:label="lab_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> other businesses & corporate </link:label>
<link:label id="lab_bp_OtherBusinessAndCorporateNonSegmentMember_a642b3cc-c54b-411b-8d07-4480d9351c05_terseLabel_en-US" xlink:label="lab_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Business And Corporate, Non-Segment [Member] </link:label>
<link:label id="lab_bp_OtherBusinessAndCorporateNonSegmentMember_label_en-US" xlink:label="lab_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Business And Corporate, Non-Segment [Member] </link:label>
<link:label id="lab_bp_OtherBusinessAndCorporateNonSegmentMember_documentation_en-US" xlink:label="lab_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Business And Corporate, Non-Segment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:href="bp-20231231.xsd#bp_OtherBusinessAndCorporateNonSegmentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:to="lab_bp_OtherBusinessAndCorporateNonSegmentMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesandReserveTypeDomain_408344ad-ea6b-43c7-82f3-5b8a45ba3550_terseLabel_en-US" xlink:label="lab_bp_ValuationAllowancesandReserveTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserve Type [Domain] </link:label>
<link:label id="lab_bp_ValuationAllowancesandReserveTypeDomain_label_en-US" xlink:label="lab_bp_ValuationAllowancesandReserveTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserve Type [Domain] </link:label>
<link:label id="lab_bp_ValuationAllowancesandReserveTypeDomain_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesandReserveTypeDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Valuation Allowances and Reserve Type [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValuationAllowancesandReserveTypeDomain" xlink:href="bp-20231231.xsd#bp_ValuationAllowancesandReserveTypeDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ValuationAllowancesandReserveTypeDomain" xlink:to="lab_bp_ValuationAllowancesandReserveTypeDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_29d72a23-0f89-4b7f-8013-934c6a551eb2_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 3 </link:label>
<link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Level 3 of fair value hierarchy [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment_8b638080-4123-45be-a136-5455c3ee321a_negatedLabel_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Deletions and disposals </link:label>
<link:label id="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disposals and retirements, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment"/>
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<link:label id="lab_country_CA_ca5cca9d-9266-417d-9fa6-8fe286315ef7_terseLabel_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Canada </link:label>
<link:label id="lab_country_CA_label_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> CANADA </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CA" xlink:to="lab_country_CA" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads_208f2f62-5ff1-43f9-a2a5-3f2e44ea0291_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges and cost of hedges (including reclassifications), pre-tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Before Tax, Cash Flow hedges And Change In Value Of Foreign Currency Basis Spreads </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Before Tax, Cash Flow hedges And Change In Value Of Foreign Currency Basis Spreads </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeBeforeTaxCashFlowhedgesAndChangeInValueOfForeignCurrencyBasisSpreads"/>
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<link:label id="lab_bp_CreditFacility1Domain_acfd35f9-6cc3-4a0c-bc9d-41c87510968f_terseLabel_en-US" xlink:label="lab_bp_CreditFacility1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility 1 [Domain] </link:label>
<link:label id="lab_bp_CreditFacility1Domain_label_en-US" xlink:label="lab_bp_CreditFacility1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility 1 [Domain] </link:label>
<link:label id="lab_bp_CreditFacility1Domain_documentation_en-US" xlink:label="lab_bp_CreditFacility1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Facility 1 [Domain] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CreditFacility1Domain" xlink:to="lab_bp_CreditFacility1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod_166bc35c-5f36-410d-af43-63912e9a91b5_terseLabel_en-US" xlink:label="lab_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Performance or restricted period </link:label>
<link:label id="lab_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod_label_en-US" xlink:label="lab_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-based Compensation Arrangement By Share-based Payment Award, Equity Instruments Other Than Options, Performance Period </link:label>
<link:label id="lab_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod_documentation_en-US" xlink:label="lab_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod" xlink:href="bp-20231231.xsd#bp_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformancePeriod"/>
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<link:label id="lab_ifrs-full_Liabilities_cf6be2bb-ba11-403f-be04-c0920d2d963c_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total liabilities </link:label>
<link:label id="lab_ifrs-full_Liabilities_73e88d23-738f-44e8-8db8-4f65de324a54_terseLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities </link:label>
<link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Liabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_de936806-65e0-4de1-8526-495791a471d3_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of shares issued and fully paid (in shares) </link:label>
<link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of shares issued and fully paid </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:to="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_fc6efa87-9c1f-4870-b642-9eb67df0fba8_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total items that may be reclassified subsequently to profit or loss </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income that will be reclassified to profit or loss, net of tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
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<link:label id="lab_bp_A4812GuaranteedNotesDue2033Member_22cdee78-1984-426f-bcbc-0834bc444064_terseLabel_en-US" xlink:label="lab_bp_A4812GuaranteedNotesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.812% Guaranteed Notes due 2033 </link:label>
<link:label id="lab_bp_A4812GuaranteedNotesDue2033Member_label_en-US" xlink:label="lab_bp_A4812GuaranteedNotesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.812% Guaranteed Notes due 2033 [Member] </link:label>
<link:label id="lab_bp_A4812GuaranteedNotesDue2033Member_documentation_en-US" xlink:label="lab_bp_A4812GuaranteedNotesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.812% Guaranteed Notes due 2033 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4812GuaranteedNotesDue2033Member" xlink:href="bp-20231231.xsd#bp_A4812GuaranteedNotesDue2033Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4812GuaranteedNotesDue2033Member" xlink:to="lab_bp_A4812GuaranteedNotesDue2033Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable_73d2a1b6-1a84-47b8-b642-c2a9f879fd24_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of impairment loss and reversal of impairment loss [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of impairment loss and reversal of impairment loss [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable"/>
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<link:label id="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities_f2a1fea7-b0c5-4590-88f3-ec1f82fe1b44_terseLabel_en-US" xlink:label="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate for plan liabilities </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities_label_en-US" xlink:label="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Discount Rates For Plan Liabilities </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities_documentation_en-US" xlink:label="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Discount Rates For Plan Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities" xlink:href="bp-20231231.xsd#bp_ActuarialAssumptionOfDiscountRatesForPlanLiabilities"/>
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<link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_155c4ca1-2c0e-497a-bab2-ba9cb9f2552f_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Later than one year and not later than five years [member] </link:label>
<link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than one year and not later than five years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
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<link:label id="lab_bp_A3796GuaranteedNotesDue2025Member_ac68db26-7285-4e3e-bfd8-fb3024b06fdb_terseLabel_en-US" xlink:label="lab_bp_A3796GuaranteedNotesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.796% Guaranteed Notes due 2025 </link:label>
<link:label id="lab_bp_A3796GuaranteedNotesDue2025Member_label_en-US" xlink:label="lab_bp_A3796GuaranteedNotesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.796% Guaranteed Notes due 2025 [Member] </link:label>
<link:label id="lab_bp_A3796GuaranteedNotesDue2025Member_documentation_en-US" xlink:label="lab_bp_A3796GuaranteedNotesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.796% Guaranteed Notes due 2025 </link:label>
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<link:label id="lab_ifrs-full_AggregatedMeasurementMember_8671b19e-4d76-4ada-bfdb-6f68b8595162_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Aggregated measurement [member] </link:label>
<link:label id="lab_ifrs-full_AggregatedMeasurementMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregated measurement [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedMeasurementMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AggregatedMeasurementMember"/>
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<link:label id="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_a375869d-4369-47b8-b4d4-134fd940d6c8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Master netting arrangements </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial assets </link:label>
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<link:label id="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_20b5bcf3-bc64-4461-802e-a3f4edd8a87c_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Net amount </link:label>
<link:label id="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_label_en-US" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements </link:label>
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<link:label id="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_49fc5051-5024-4cc6-a456-6e1ec9787549_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Charge (credit) for the year in equity </link:label>
<link:label id="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax relating to items credited (charged) directly to equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:to="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract_3c8f7b6b-3019-405a-a0e2-8a7606f458a8_terseLabel_en-US" xlink:label="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current </link:label>
<link:label id="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract_label_en-US" xlink:label="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables non financial assets [Abstract] </link:label>
<link:label id="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract_documentation_en-US" xlink:label="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables non financial assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract" xlink:href="bp-20231231.xsd#bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract" xlink:to="lab_bp_TradeandothernoncurrentreceivablesnonfinancialassetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_4a9ee568-a0de-437e-8ba3-664c957e64c5_verboseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated depreciation </link:label>
<link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_9d7dc7e9-7e2a-4038-9abc-5490a45795f0_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated depreciation and amortisation </link:label>
<link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated depreciation and amortisation [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AmericanDepositarySharesMember_6598473c-e0a3-428f-9c53-9afe2bf5022c_terseLabel_en-US" xlink:label="lab_bp_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> American Depositary Shares </link:label>
<link:label id="lab_bp_AmericanDepositarySharesMember_label_en-US" xlink:label="lab_bp_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> American Depositary Shares [Member] </link:label>
<link:label id="lab_bp_AmericanDepositarySharesMember_documentation_en-US" xlink:label="lab_bp_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> American Depositary Shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AmericanDepositarySharesMember" xlink:href="bp-20231231.xsd#bp_AmericanDepositarySharesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AmericanDepositarySharesMember" xlink:to="lab_bp_AmericanDepositarySharesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestExpense_866e225a-acd9-4f31-8055-5601d966a560_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:label id="lab_ifrs-full_InterestExpense_label_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpense" xlink:to="lab_ifrs-full_InterestExpense" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ShipsMember_70c36a74-629d-4109-9e17-e6af581716f5_terseLabel_en-US" xlink:label="lab_ifrs-full_ShipsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ships [member] </link:label>
<link:label id="lab_ifrs-full_ShipsMember_label_en-US" xlink:label="lab_ifrs-full_ShipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ships [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShipsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShipsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShipsMember" xlink:to="lab_ifrs-full_ShipsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember_a299765b-f8ff-471d-a62c-ee4271cef2b2_terseLabel_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset) [member] </link:label>
<link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember_label_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset) [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:to="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LeaseLiabilitiesMember_58cf835e-b239-42b3-9a69-5bb412f6497d_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lease liabilities </link:label>
<link:label id="lab_ifrs-full_LeaseLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lease liabilities [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilitiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LeaseLiabilitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilitiesMember" xlink:to="lab_ifrs-full_LeaseLiabilitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherCurrentFinancialAssets_238251ef-2a2e-49c4-b8a6-92fe9768e40e_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other investments </link:label>
<link:label id="lab_ifrs-full_OtherCurrentFinancialAssets_0f707f81-e2f0-4b1c-8c10-e8c2e0951b42_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other current investments </link:label>
<link:label id="lab_ifrs-full_OtherCurrentFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other current financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherCurrentFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentFinancialAssets" xlink:to="lab_ifrs-full_OtherCurrentFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance_d41a60a3-b9e9-4f14-a5e5-7b6ae471e323_terseLabel_en-US" xlink:label="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of ordinary shares outstanding (in shares) </link:label>
<link:label id="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance_label_en-US" xlink:label="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Shares Outstanding And Reserved For Future Issuance </link:label>
<link:label id="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance_documentation_en-US" xlink:label="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number Of Shares Outstanding And Reserved For Future Issuance </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance" xlink:href="bp-20231231.xsd#bp_NumberOfSharesOutstandingAndReservedForFutureIssuance"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance" xlink:to="lab_bp_NumberOfSharesOutstandingAndReservedForFutureIssuance" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SubsequentEventType1Axis_c3a7b333-3542-4f30-af07-bb10c521ffe2_terseLabel_en-US" xlink:label="lab_bp_SubsequentEventType1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type [Axis] </link:label>
<link:label id="lab_bp_SubsequentEventType1Axis_label_en-US" xlink:label="lab_bp_SubsequentEventType1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type1 [Axis] </link:label>
<link:label id="lab_bp_SubsequentEventType1Axis_documentation_en-US" xlink:label="lab_bp_SubsequentEventType1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SubsequentEventType1Axis" xlink:href="bp-20231231.xsd#bp_SubsequentEventType1Axis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SubsequentEventType1Axis" xlink:to="lab_bp_SubsequentEventType1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfProvisionsExplanatory_d96cabc2-e62c-4fe5-850d-ffefbaa25afd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provisions </link:label>
<link:label id="lab_ifrs-full_DisclosureOfProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of provisions [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfProvisionsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember_26a17605-d93a-4631-b293-0fd5b294d550_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets and liabilities classified as held for sale [member] </link:label>
<link:label id="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember_label_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets and liabilities classified as held for sale [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SegmentsMember_48ad6c6d-9ebc-4908-b922-4da683fe0ec7_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segments [member] </link:label>
<link:label id="lab_ifrs-full_SegmentsMember_label_en-US" xlink:label="lab_ifrs-full_SegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SegmentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsMember" xlink:to="lab_ifrs-full_SegmentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_37096e13-6371-4bde-8a3e-782f9de1788f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of derivative financial instruments [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmployeeBenefitsAbstract_8f777814-c9e6-4ee8-bd6f-8d8f6a97b82d_terseLabel_en-US" xlink:label="lab_bp_EmployeeBenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee Benefits [Abstract] </link:label>
<link:label id="lab_bp_EmployeeBenefitsAbstract_label_en-US" xlink:label="lab_bp_EmployeeBenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Employee Benefits [Abstract] </link:label>
<link:label id="lab_bp_EmployeeBenefitsAbstract_documentation_en-US" xlink:label="lab_bp_EmployeeBenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Employee Benefits [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmployeeBenefitsAbstract" xlink:href="bp-20231231.xsd#bp_EmployeeBenefitsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmployeeBenefitsAbstract" xlink:to="lab_bp_EmployeeBenefitsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_94e9b2d3-2eef-4a2a-9d77-51fefa585c3e_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash provided by (used in) financing activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_42c1a9c4-8466-4cd4-a8a2-548523f2a8a0_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash acquired in acquisition </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_a4b1c7bb-b949-494d-b028-b612b650f0cb_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets and liabilities classified as held for sale [axis] </link:label>
<link:label id="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_label_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets and liabilities classified as held for sale [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_c3e5e89d-bbf4-41e9-b45c-aaab2700c784_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about borrowings </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about borrowings [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentPayablesToRelatedParties_79732bf1-fa46-4ed4-8df6-8b67bc19a794_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current payables to related parties </link:label>
<link:label id="lab_ifrs-full_NoncurrentPayablesToRelatedParties_label_en-US" xlink:label="lab_ifrs-full_NoncurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current payables to related parties </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPayablesToRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentPayablesToRelatedParties"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentPayablesToRelatedParties" xlink:to="lab_ifrs-full_NoncurrentPayablesToRelatedParties" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable_1d4c7610-520f-48ee-869f-c97992452d1a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of plan assets [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of plan assets [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UnusedTaxLossesApplicableRate_6b02e682-3ab4-4207-8bbe-559bc8ee17d6_terseLabel_en-US" xlink:label="lab_bp_UnusedTaxLossesApplicableRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax rate computed at the weighted average statutory ratea </link:label>
<link:label id="lab_bp_UnusedTaxLossesApplicableRate_label_en-US" xlink:label="lab_bp_UnusedTaxLossesApplicableRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unused Tax Losses, Applicable Rate </link:label>
<link:label id="lab_bp_UnusedTaxLossesApplicableRate_documentation_en-US" xlink:label="lab_bp_UnusedTaxLossesApplicableRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unused Tax Losses, Applicable Rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UnusedTaxLossesApplicableRate" xlink:href="bp-20231231.xsd#bp_UnusedTaxLossesApplicableRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UnusedTaxLossesApplicableRate" xlink:to="lab_bp_UnusedTaxLossesApplicableRate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory_e816aa48-6a1f-4dc2-acbb-897322211117_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsidiaries, joint arrangements and associates </link:label>
<link:label id="lab_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of interests in other entities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal_2cf29921-97cc-4e59-9bde-19f84231afca_terseLabel_en-US" xlink:label="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate used to determine recoverable costs, fair value less costs of disposal </link:label>
<link:label id="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal_label_en-US" xlink:label="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Discount rate used in current measurement of fair value less costs of disposal </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:to="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember_e9da01b5-381c-4ce8-9d1c-b978b64817ab_terseLabel_en-US" xlink:label="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency forwards </link:label>
<link:label id="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember_label_en-US" xlink:label="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, Futures Contract, And Cylinders Contract [Member] </link:label>
<link:label id="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember_documentation_en-US" xlink:label="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, Futures Contract, And Cylinders Contract [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember" xlink:href="bp-20231231.xsd#bp_CurrencyForwardContractFuturesContractAndCylindersContractMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember" xlink:to="lab_bp_CurrencyForwardContractFuturesContractAndCylindersContractMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity_856fc892-7818-4424-8663-3df82843a206_terseLabel_en-US" xlink:label="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Payments on issue of perpetual hybrid bonds </link:label>
<link:label id="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity_label_en-US" xlink:label="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments on increase (decrease) though other changes, equity </link:label>
<link:label id="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity_documentation_en-US" xlink:label="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Payments on increase (decrease) though other changes, equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity" xlink:href="bp-20231231.xsd#bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity" xlink:to="lab_bp_PaymentsOnIncreaseDecreaseThoughOtherChangesEquity" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntitiesTable_2e3ba7ab-c192-4b12-aa69-d7ba96a774a8_terseLabel_en-US" xlink:label="lab_dei_EntitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entities [Table] </link:label>
<link:label id="lab_dei_EntitiesTable_label_en-US" xlink:label="lab_dei_EntitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entities [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntitiesTable" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitiesTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntitiesTable" xlink:to="lab_dei_EntitiesTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Netpartnerreceivablepayableforjointoperationleases_74a8cab9-1f3b-45f4-b6ea-131b5d2737b0_periodStartLabel_en-US" xlink:label="lab_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Net partner (receivable) payable for joint operation leases at beginning of year </link:label>
<link:label id="lab_bp_Netpartnerreceivablepayableforjointoperationleases_76567cb7-30b1-4df0-8858-6e245172033f_periodEndLabel_en-US" xlink:label="lab_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Net partner (receivable) payable for joint operation leases at end of year </link:label>
<link:label id="lab_bp_Netpartnerreceivablepayableforjointoperationleases_label_en-US" xlink:label="lab_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net partner (receivable) payable for joint operation leases </link:label>
<link:label id="lab_bp_Netpartnerreceivablepayableforjointoperationleases_documentation_en-US" xlink:label="lab_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Net partner (receivable) payable for joint operation leases </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:href="bp-20231231.xsd#bp_Netpartnerreceivablepayableforjointoperationleases"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:to="lab_bp_Netpartnerreceivablepayableforjointoperationleases" xlink:type="arc" order="1"/>
<link:label id="lab_country_IN_dbe79884-3157-4d70-be6c-1adb5a5a724f_terseLabel_en-US" xlink:label="lab_country_IN" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> India </link:label>
<link:label id="lab_country_IN_label_en-US" xlink:label="lab_country_IN" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> INDIA </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_IN" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_IN"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_IN" xlink:to="lab_country_IN" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_c329d8be-3e2a-4bf4-9114-f7327cd1a365_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Earnings from joint ventures and associates </link:label>
<link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_0cd838ae-b52a-4901-b409-f3df420de4c2_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Earnings from joint ventures and associates – after interest and tax </link:label>
<link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share of profit (loss) of associates and joint ventures accounted for using equity method </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PaymentsOfOtherEquityInstruments_e3d38fde-2c78-4434-92cf-419df5e0b64c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Payments of other equity instruments </link:label>
<link:label id="lab_ifrs-full_PaymentsOfOtherEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments of other equity instruments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfOtherEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PaymentsOfOtherEquityInstruments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfOtherEquityInstruments" xlink:to="lab_ifrs-full_PaymentsOfOtherEquityInstruments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract_edad9c05-e3f3-4345-a057-a0158f83fc9d_terseLabel_en-US" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] </link:label>
<link:label id="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract_label_en-US" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:to="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_country_IQ_cd066791-56b4-4154-a5ae-7da183dfcbc6_terseLabel_en-US" xlink:label="lab_country_IQ" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Iraq </link:label>
<link:label id="lab_country_IQ_label_en-US" xlink:label="lab_country_IQ" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> IRAQ </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_IQ" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_IQ"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_IQ" xlink:to="lab_country_IQ" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherCivilComplaintsPersonalInjuryMember_b33b4f9a-215f-4102-bbc6-afb8658e13cd_terseLabel_en-US" xlink:label="lab_bp_OtherCivilComplaintsPersonalInjuryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other civil complaints - personal injury </link:label>
<link:label id="lab_bp_OtherCivilComplaintsPersonalInjuryMember_label_en-US" xlink:label="lab_bp_OtherCivilComplaintsPersonalInjuryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other civil complaints - personal injury [Member] </link:label>
<link:label id="lab_bp_OtherCivilComplaintsPersonalInjuryMember_documentation_en-US" xlink:label="lab_bp_OtherCivilComplaintsPersonalInjuryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other civil complaints - personal injury </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherCivilComplaintsPersonalInjuryMember" xlink:href="bp-20231231.xsd#bp_OtherCivilComplaintsPersonalInjuryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherCivilComplaintsPersonalInjuryMember" xlink:to="lab_bp_OtherCivilComplaintsPersonalInjuryMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmployeeBenefitExpense_724767a8-e11e-4977-81e8-616bd642e487_terseLabel_en-US" xlink:label="lab_bp_EmployeeBenefitExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee Benefit, Expense </link:label>
<link:label id="lab_bp_EmployeeBenefitExpense_label_en-US" xlink:label="lab_bp_EmployeeBenefitExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Employee Benefit, Expense </link:label>
<link:label id="lab_bp_EmployeeBenefitExpense_documentation_en-US" xlink:label="lab_bp_EmployeeBenefitExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Employee Benefit, Expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmployeeBenefitExpense" xlink:href="bp-20231231.xsd#bp_EmployeeBenefitExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmployeeBenefitExpense" xlink:to="lab_bp_EmployeeBenefitExpense" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent_3b861deb-01ca-4092-ad9b-f485d486fc00_terseLabel_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred consideration relating to the disposals, receivable after one year </link:label>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent_label_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sale Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Receivable, Non-Current </link:label>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent_documentation_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sale Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Receivable, Non-Current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent" xlink:href="bp-20231231.xsd#bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent" xlink:to="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableNonCurrent" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_d1f158c8-c40d-494d-8fe3-b118f55be242_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Called-up share capital </link:label>
<link:label id="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_54f41ded-4a11-4611-8dcc-af55f2bbc90b_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Capital and reserves </link:label>
<link:label id="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of share capital, reserves and other equity interest [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AmericanDepositaryShareMember_1da3a0b1-25ca-4baf-be32-7fe51cd92dd0_terseLabel_en-US" xlink:label="lab_bp_AmericanDepositaryShareMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> American Depositary Share </link:label>
<link:label id="lab_bp_AmericanDepositaryShareMember_label_en-US" xlink:label="lab_bp_AmericanDepositaryShareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> American Depositary Share [Member] </link:label>
<link:label id="lab_bp_AmericanDepositaryShareMember_documentation_en-US" xlink:label="lab_bp_AmericanDepositaryShareMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> American Depositary Share [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AmericanDepositaryShareMember" xlink:href="bp-20231231.xsd#bp_AmericanDepositaryShareMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AmericanDepositaryShareMember" xlink:to="lab_bp_AmericanDepositaryShareMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LongtermBorrowings_634b73fa-1985-4051-9350-60e21836d3ac_terseLabel_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance debt </link:label>
<link:label id="lab_ifrs-full_LongtermBorrowings_1915b32c-febf-487d-98e3-e40d95c1bf03_verboseLabel_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Non-current finance debt </link:label>
<link:label id="lab_ifrs-full_LongtermBorrowings_label_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current portion of non-current borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LongtermBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LongtermBorrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LongtermBorrowings" xlink:to="lab_ifrs-full_LongtermBorrowings" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ScheduleOfGoodwillTableTextBlock_6eae93f1-359b-4df3-aa14-ea3ae4749ebc_terseLabel_en-US" xlink:label="lab_bp_ScheduleOfGoodwillTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of goodwill </link:label>
<link:label id="lab_bp_ScheduleOfGoodwillTableTextBlock_label_en-US" xlink:label="lab_bp_ScheduleOfGoodwillTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule Of Goodwill [Table Text Block] </link:label>
<link:label id="lab_bp_ScheduleOfGoodwillTableTextBlock_documentation_en-US" xlink:label="lab_bp_ScheduleOfGoodwillTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule Of Goodwill [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ScheduleOfGoodwillTableTextBlock" xlink:href="bp-20231231.xsd#bp_ScheduleOfGoodwillTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ScheduleOfGoodwillTableTextBlock" xlink:to="lab_bp_ScheduleOfGoodwillTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityInformationLineItems_8b94ead5-2a22-4470-8a97-874486a39d04_terseLabel_en-US" xlink:label="lab_dei_EntityInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Information [Line Items] </link:label>
<link:label id="lab_dei_EntityInformationLineItems_label_en-US" xlink:label="lab_dei_EntityInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Information [Line Items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInformationLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInformationLineItems" xlink:to="lab_dei_EntityInformationLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CreditFacility1Axis_f69a6d2e-ae3c-450e-8ba2-6a9213a9de6b_terseLabel_en-US" xlink:label="lab_bp_CreditFacility1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility [Axis] </link:label>
<link:label id="lab_bp_CreditFacility1Axis_label_en-US" xlink:label="lab_bp_CreditFacility1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility 1 [Axis] </link:label>
<link:label id="lab_bp_CreditFacility1Axis_documentation_en-US" xlink:label="lab_bp_CreditFacility1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Facility 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CreditFacility1Axis" xlink:href="bp-20231231.xsd#bp_CreditFacility1Axis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CreditFacility1Axis" xlink:to="lab_bp_CreditFacility1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CashAndCashEquivalents1Member_f3423276-1daa-40a6-b9b0-a161564086f7_terseLabel_en-US" xlink:label="lab_bp_CashAndCashEquivalents1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:label id="lab_bp_CashAndCashEquivalents1Member_label_en-US" xlink:label="lab_bp_CashAndCashEquivalents1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash And Cash Equivalents1 [Member] </link:label>
<link:label id="lab_bp_CashAndCashEquivalents1Member_documentation_en-US" xlink:label="lab_bp_CashAndCashEquivalents1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cash And Cash Equivalents1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CashAndCashEquivalents1Member" xlink:href="bp-20231231.xsd#bp_CashAndCashEquivalents1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CashAndCashEquivalents1Member" xlink:to="lab_bp_CashAndCashEquivalents1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DebtHedgesMember_74104185-7a70-42e0-89b9-ecbfd052b6e0_terseLabel_en-US" xlink:label="lab_bp_DebtHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Hedges </link:label>
<link:label id="lab_bp_DebtHedgesMember_label_en-US" xlink:label="lab_bp_DebtHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Hedges [Member] </link:label>
<link:label id="lab_bp_DebtHedgesMember_documentation_en-US" xlink:label="lab_bp_DebtHedgesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt Hedges [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DebtHedgesMember" xlink:href="bp-20231231.xsd#bp_DebtHedgesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DebtHedgesMember" xlink:to="lab_bp_DebtHedgesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_4375919b-4104-4b6f-8cd9-2b884662b227_terseLabel_en-US" xlink:label="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deductible temporary differences </link:label>
<link:label id="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_label_en-US" xlink:label="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deductible temporary differences for which no deferred tax asset is recognised </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:to="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation_e7f4a826-dfac-4e77-815d-478d036f1064_terseLabel_en-US" xlink:label="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Replacement cost profit (loss) before interest and taxation </link:label>
<link:label id="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation_label_en-US" xlink:label="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Replacement Cost Profit (Loss) Before Interest And Taxation </link:label>
<link:label id="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation_documentation_en-US" xlink:label="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Replacement Cost Profit (Loss) Before Interest And Taxation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ReplacementCostProfitLossBeforeInterestAndTaxation" xlink:href="bp-20231231.xsd#bp_ReplacementCostProfitLossBeforeInterestAndTaxation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ReplacementCostProfitLossBeforeInterestAndTaxation" xlink:to="lab_bp_ReplacementCostProfitLossBeforeInterestAndTaxation" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TaxEffectOfCapitalizedInterest_39d05cd0-3ac6-48f9-97d8-cd81aa7c1684_terseLabel_en-US" xlink:label="lab_bp_TaxEffectOfCapitalizedInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax relief on capitalized interest </link:label>
<link:label id="lab_bp_TaxEffectOfCapitalizedInterest_label_en-US" xlink:label="lab_bp_TaxEffectOfCapitalizedInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax Effect Of Capitalized Interest </link:label>
<link:label id="lab_bp_TaxEffectOfCapitalizedInterest_documentation_en-US" xlink:label="lab_bp_TaxEffectOfCapitalizedInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax Effect Of Capitalized Interest </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxEffectOfCapitalizedInterest" xlink:href="bp-20231231.xsd#bp_TaxEffectOfCapitalizedInterest"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TaxEffectOfCapitalizedInterest" xlink:to="lab_bp_TaxEffectOfCapitalizedInterest" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_89a30fc9-2eda-491c-8eb8-228a0e644ef5_terseLabel_en-US" xlink:label="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains (losses) on sale of businesses </link:label>
<link:label id="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (Loss) On Disposal Of Investments In Subsidiaries, Joint Ventures And Associates </link:label>
<link:label id="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_documentation_en-US" xlink:label="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gain (Loss) On Disposal Of Investments In Subsidiaries, Joint Ventures And Associates </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="bp-20231231.xsd#bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_bp_GainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_5dfc80a1-f1f5-4e1d-8135-46da76df3806_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest received </link:label>
<link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest received, classified as operating activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_24c84f55-ddee-4c02-8025-c55d1b8fcdc4_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of financial liabilities [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of financial liabilities [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3279GuaranteedNotesDue2027Member_260a8fde-cfcc-4c78-8868-b99ad303c93a_terseLabel_en-US" xlink:label="lab_bp_A3279GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.279% Guaranteed Notes due 2027 </link:label>
<link:label id="lab_bp_A3279GuaranteedNotesDue2027Member_label_en-US" xlink:label="lab_bp_A3279GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.279% Guaranteed Notes due 2027 [Member] </link:label>
<link:label id="lab_bp_A3279GuaranteedNotesDue2027Member_documentation_en-US" xlink:label="lab_bp_A3279GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.279% Guaranteed Notes due 2027 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3279GuaranteedNotesDue2027Member" xlink:href="bp-20231231.xsd#bp_A3279GuaranteedNotesDue2027Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3279GuaranteedNotesDue2027Member" xlink:to="lab_bp_A3279GuaranteedNotesDue2027Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset_12821f09-f19c-4f85-9abd-ba93523af9c1_terseLabel_en-US" xlink:label="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current portion of sales taxes and production taxes </link:label>
<link:label id="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset_label_en-US" xlink:label="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-Current Sales And Production Taxes, Non-Financial Asset </link:label>
<link:label id="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset_documentation_en-US" xlink:label="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-Current Sales And Production Taxes, Non-Financial Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset" xlink:href="bp-20231231.xsd#bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset" xlink:to="lab_bp_NonCurrentSalesAndProductionTaxesNonFinancialAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset_dedaa5c5-5bf6-4cf8-97d8-629e51dd23e5_terseLabel_en-US" xlink:label="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax benefit arising from the reversal of a previous write-down of deferred tax assets </link:label>
<link:label id="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset_label_en-US" xlink:label="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Tax Benefit Arising From The Reversal Of A Previous Write-Down Of Deferred Tax Asset </link:label>
<link:label id="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset_documentation_en-US" xlink:label="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Deferred Tax Benefit Arising From The Reversal Of A Previous Write-Down Of Deferred Tax Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset" xlink:href="bp-20231231.xsd#bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset" xlink:to="lab_bp_DeferredTaxBenefitArisingFromTheReversalOfAPreviousWriteDownOfDeferredTaxAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DeferredGainLossOnDerivatives_714b602e-c29d-48c0-8189-11e2f012a045_terseLabel_en-US" xlink:label="lab_bp_DeferredGainLossOnDerivatives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred day-one gains (losses) </link:label>
<link:label id="lab_bp_DeferredGainLossOnDerivatives_label_en-US" xlink:label="lab_bp_DeferredGainLossOnDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Gain (Loss) On Derivatives </link:label>
<link:label id="lab_bp_DeferredGainLossOnDerivatives_documentation_en-US" xlink:label="lab_bp_DeferredGainLossOnDerivatives" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Deferred Gain (Loss) On Derivatives </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DeferredGainLossOnDerivatives" xlink:href="bp-20231231.xsd#bp_DeferredGainLossOnDerivatives"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DeferredGainLossOnDerivatives" xlink:to="lab_bp_DeferredGainLossOnDerivatives" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ImpairmentLoss_8f42013e-2890-49ae-86f2-1cd8fde75de5_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment losses </link:label>
<link:label id="lab_ifrs-full_ImpairmentLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLoss" xlink:to="lab_ifrs-full_ImpairmentLoss" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax_35392424-276e-40a2-b3f3-1497b98faf14_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedges that will subsequently be transferred to the balance sheet </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax_b73842f3-de2a-46e1-ae05-ef07da0125e2_totalLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedges that will subsequently be transferred to the balance sheet </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Net Of Tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Net Of Tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:to="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetNetOfTax" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialLiabilitiesMember_ef98a5b2-bf97-4a27-a8d1-0fc6d9938ab3_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities, class [member] </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities, class [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods_0bb1ae7e-0f17-4615-8f81-06afe2b6a4e6_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustment in respect of prior years </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for deferred tax of prior periods </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:to="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems_ffb1db5e-a0ac-4df2-a153-09a323c972de_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of plan assets [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of plan assets [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_country_FR_157a62c6-4ac0-4ded-8ddc-6aa48fa2d1b7_terseLabel_en-US" xlink:label="lab_country_FR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> FRANCE </link:label>
<link:label id="lab_country_FR_label_en-US" xlink:label="lab_country_FR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> FRANCE </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_FR" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_FR"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_FR" xlink:to="lab_country_FR" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureofleasesAbstract_79029e40-84bb-4486-b4f4-1dfbf8c4db27_terseLabel_en-US" xlink:label="lab_bp_DisclosureofleasesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of leases [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofleasesAbstract_label_en-US" xlink:label="lab_bp_DisclosureofleasesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of leases [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofleasesAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureofleasesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of leases [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofleasesAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureofleasesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureofleasesAbstract" xlink:to="lab_bp_DisclosureofleasesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ScenarioAxis_9c9d7ac4-3ea2-447f-95f5-3576f56f9668_terseLabel_en-US" xlink:label="lab_bp_ScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Scenario [Axis] </link:label>
<link:label id="lab_bp_ScenarioAxis_label_en-US" xlink:label="lab_bp_ScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Scenario [Axis] </link:label>
<link:label id="lab_bp_ScenarioAxis_documentation_en-US" xlink:label="lab_bp_ScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Scenario [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ScenarioAxis" xlink:href="bp-20231231.xsd#bp_ScenarioAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ScenarioAxis" xlink:to="lab_bp_ScenarioAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities_e2ab8291-464b-4ee0-af8b-8789a64a17a1_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current payables non-financial liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities_label_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Payables, Non-Financial Liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities_documentation_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Payables, Non-Financial Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities" xlink:href="bp-20231231.xsd#bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities" xlink:to="lab_bp_TradeAndOtherCurrentPayablesNonFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory_46184309-ad34-4ac1-a3a3-3ee73df9879f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summarized financial information of associates </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of summarised financial information of associate accounted for using equity method to carrying amount of interest in associate [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncome_165be353-ab33-423e-8def-b4beb27fa35b_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncome_52bf07ca-665e-4957-823a-c6d9d9f7dbe8_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years_0e315ed1-185d-4564-ad93-3c6b0e775f13_terseLabel_en-US" xlink:label="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Estimated production volumes by which unit's recoverable amount exceeds its carrying amount for the next 15 years </link:label>
<link:label id="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years_label_en-US" xlink:label="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Estimated Production Volumes Used In Goodwill Impairment Testing For The Next 15 Years </link:label>
<link:label id="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years_documentation_en-US" xlink:label="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Estimated Production Volumes Used In Goodwill Impairment Testing For The Next 15 Years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years" xlink:href="bp-20231231.xsd#bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years" xlink:to="lab_bp_EstimatedProductionVolumesUsedInGoodwillImpairmentTestingForTheNext15Years" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DrillingrigsMember_e632244c-06c0-4868-a2ab-b7cd2a7ec550_terseLabel_en-US" xlink:label="lab_bp_DrillingrigsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Drilling rigs [Member] </link:label>
<link:label id="lab_bp_DrillingrigsMember_label_en-US" xlink:label="lab_bp_DrillingrigsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Drilling rigs [Member] </link:label>
<link:label id="lab_bp_DrillingrigsMember_documentation_en-US" xlink:label="lab_bp_DrillingrigsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Drilling rigs [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DrillingrigsMember" xlink:href="bp-20231231.xsd#bp_DrillingrigsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DrillingrigsMember" xlink:to="lab_bp_DrillingrigsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestRateRiskMember_b95d4aca-5954-4c18-99ca-a9f9a98acbc9_verboseLabel_en-US" xlink:label="lab_ifrs-full_InterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate risk </link:label>
<link:label id="lab_ifrs-full_InterestRateRiskMember_05a5b4e9-6298-46fe-9586-e03ee90fd054_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate risk on finance debt </link:label>
<link:label id="lab_ifrs-full_InterestRateRiskMember_label_en-US" xlink:label="lab_ifrs-full_InterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest rate risk [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRateRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestRateRiskMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateRiskMember" xlink:to="lab_ifrs-full_InterestRateRiskMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LoansandLeasesReceivableRelatedParties1_4f6a0b4a-a03a-4af7-98a0-999a212a2391_terseLabel_en-US" xlink:label="lab_bp_LoansandLeasesReceivableRelatedParties1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans made by group companies to associates </link:label>
<link:label id="lab_bp_LoansandLeasesReceivableRelatedParties1_label_en-US" xlink:label="lab_bp_LoansandLeasesReceivableRelatedParties1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Related Parties 1 </link:label>
<link:label id="lab_bp_LoansandLeasesReceivableRelatedParties1_documentation_en-US" xlink:label="lab_bp_LoansandLeasesReceivableRelatedParties1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Related Parties 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LoansandLeasesReceivableRelatedParties1" xlink:href="bp-20231231.xsd#bp_LoansandLeasesReceivableRelatedParties1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LoansandLeasesReceivableRelatedParties1" xlink:to="lab_bp_LoansandLeasesReceivableRelatedParties1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments_5ab0f632-3bbd-4513-9021-6cd80f92076a_negatedTerseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, gains (losses) on remeasurements of equity instruments, tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments" xlink:to="lab_bp_OtherComprehensiveIncomeGainsLossesOnRemeasurementsOfEquityInstruments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherRevenue_c8e5b395-0a70-4330-bd8a-94d56c73981e_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other revenue </link:label>
<link:label id="lab_ifrs-full_OtherRevenue_label_en-US" xlink:label="lab_ifrs-full_OtherRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other revenue </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherRevenue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherRevenue" xlink:to="lab_ifrs-full_OtherRevenue" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans_930f37f2-83b9-49f2-b071-ea627fec33ef_terseLabel_en-US" xlink:label="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating charge relating to defined benefit plans </link:label>
<link:label id="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans_d334cf07-2bbd-4a70-90a0-522ec2074cb3_verboseLabel_en-US" xlink:label="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Operating charge relating to defined benefit plans </link:label>
<link:label id="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans_label_en-US" xlink:label="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Post-employment benefit expense (income) in profit or loss, defined benefit plans </link:label>
<link:label id="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans_documentation_en-US" xlink:label="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Post-employment benefit expense (income) in profit or loss, defined benefit plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:href="bp-20231231.xsd#bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:to="lab_bp_PostEmploymentBenefitExpenseIncomeInProfitOrLossDefinedBenefitPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_d2927926-e3f2-4281-9ab5-55bd35a1460d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests </link:label>
<link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends paid to non-controlling interests, classified as financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_df2015c0-9567-4d1f-9265-915a332fb314_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current lease liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current lease liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentLeaseLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:to="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityEmergingGrowthCompany_b01700d4-298d-4ec5-947b-d341a9c75b0d_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
<link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
<link:label id="lab_country_GB_cc29947f-0fcb-47f2-98fc-c32eb31941fc_terseLabel_en-US" xlink:label="lab_country_GB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> UK </link:label>
<link:label id="lab_country_GB_label_en-US" xlink:label="lab_country_GB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> UNITED KINGDOM </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_GB" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_GB"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_GB" xlink:to="lab_country_GB" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SunriseOilSandsMember_166e6db1-6f1f-4ff0-9753-d1314a008dd8_terseLabel_en-US" xlink:label="lab_bp_SunriseOilSandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sunrise Oil Sands </link:label>
<link:label id="lab_bp_SunriseOilSandsMember_label_en-US" xlink:label="lab_bp_SunriseOilSandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sunrise Oil Sands [Member] </link:label>
<link:label id="lab_bp_SunriseOilSandsMember_documentation_en-US" xlink:label="lab_bp_SunriseOilSandsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sunrise Oil Sands </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SunriseOilSandsMember" xlink:href="bp-20231231.xsd#bp_SunriseOilSandsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SunriseOilSandsMember" xlink:to="lab_bp_SunriseOilSandsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccumulatedImpairmentMember_843a7860-215c-4a5d-81a4-3316f380e845_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated impairment </link:label>
<link:label id="lab_ifrs-full_AccumulatedImpairmentMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated impairment [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedImpairmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedImpairmentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedImpairmentMember" xlink:to="lab_ifrs-full_AccumulatedImpairmentMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentPortionOfReimbursementAsset_87a97865-5bd2-4abb-8050-bd228bfe62b8_terseLabel_en-US" xlink:label="lab_bp_CurrentPortionOfReimbursementAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current portion of reimbursement asset </link:label>
<link:label id="lab_bp_CurrentPortionOfReimbursementAsset_label_en-US" xlink:label="lab_bp_CurrentPortionOfReimbursementAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Portion Of Reimbursement Asset </link:label>
<link:label id="lab_bp_CurrentPortionOfReimbursementAsset_documentation_en-US" xlink:label="lab_bp_CurrentPortionOfReimbursementAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Portion Of Reimbursement Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentPortionOfReimbursementAsset" xlink:href="bp-20231231.xsd#bp_CurrentPortionOfReimbursementAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentPortionOfReimbursementAsset" xlink:to="lab_bp_CurrentPortionOfReimbursementAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OperatingSegmentsAbstract_fb2c4236-15c1-4a18-8cf4-d525bbc6ad35_terseLabel_en-US" xlink:label="lab_bp_OperatingSegmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating Segments [Abstract] </link:label>
<link:label id="lab_bp_OperatingSegmentsAbstract_label_en-US" xlink:label="lab_bp_OperatingSegmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Operating Segments [Abstract] </link:label>
<link:label id="lab_bp_OperatingSegmentsAbstract_documentation_en-US" xlink:label="lab_bp_OperatingSegmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Operating Segments [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OperatingSegmentsAbstract" xlink:href="bp-20231231.xsd#bp_OperatingSegmentsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OperatingSegmentsAbstract" xlink:to="lab_bp_OperatingSegmentsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory_3a85fafe-b7e3-4f8d-8e69-5760e6053476_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of sensitivity analysis for actuarial assumptions </link:label>
<link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of sensitivity analysis for actuarial assumptions [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsMaturityTerm_ace17403-5318-4f51-9314-bc04a7dbb879_terseLabel_en-US" xlink:label="lab_bp_BorrowingsMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings, maturity term </link:label>
<link:label id="lab_bp_BorrowingsMaturityTerm_label_en-US" xlink:label="lab_bp_BorrowingsMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, Maturity Term </link:label>
<link:label id="lab_bp_BorrowingsMaturityTerm_documentation_en-US" xlink:label="lab_bp_BorrowingsMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings, Maturity Term </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsMaturityTerm" xlink:href="bp-20231231.xsd#bp_BorrowingsMaturityTerm"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsMaturityTerm" xlink:to="lab_bp_BorrowingsMaturityTerm" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_e2ab662e-6034-4d08-94a1-7c3097295786_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges (including reclassifications), Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to cash flow hedges included in other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment_3adaff6f-c730-4f4f-b3ce-0ad8313e4b09_terseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reclassified as assets held for sale </link:label>
<link:label id="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease through classified as held for sale, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PurchaserOfDisposalGroupAxis_bd2d925b-80d9-44b7-9e60-bdc546af7954_terseLabel_en-US" xlink:label="lab_bp_PurchaserOfDisposalGroupAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchaser of disposal group [Axis] </link:label>
<link:label id="lab_bp_PurchaserOfDisposalGroupAxis_label_en-US" xlink:label="lab_bp_PurchaserOfDisposalGroupAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchaser of disposal group [Axis] </link:label>
<link:label id="lab_bp_PurchaserOfDisposalGroupAxis_documentation_en-US" xlink:label="lab_bp_PurchaserOfDisposalGroupAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Purchaser of disposal group </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PurchaserOfDisposalGroupAxis" xlink:href="bp-20231231.xsd#bp_PurchaserOfDisposalGroupAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PurchaserOfDisposalGroupAxis" xlink:to="lab_bp_PurchaserOfDisposalGroupAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_25a29966-f18c-442f-9eb0-cfd41aa94135_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement of financial position [abstract] </link:label>
<link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of financial position [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CostsOfDisposal_7fd29807-266c-4f56-a8e2-5783a080eaf6_terseLabel_en-US" xlink:label="lab_bp_CostsOfDisposal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Costs on disposal </link:label>
<link:label id="lab_bp_CostsOfDisposal_label_en-US" xlink:label="lab_bp_CostsOfDisposal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Costs Of Disposal </link:label>
<link:label id="lab_bp_CostsOfDisposal_documentation_en-US" xlink:label="lab_bp_CostsOfDisposal" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Costs Of Disposal </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CostsOfDisposal" xlink:href="bp-20231231.xsd#bp_CostsOfDisposal"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CostsOfDisposal" xlink:to="lab_bp_CostsOfDisposal" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TravelCentersOfAmericaMember_782a9556-84e3-46c8-93d0-d36f3ace8587_terseLabel_en-US" xlink:label="lab_bp_TravelCentersOfAmericaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> TravelCenters of America [Member] </link:label>
<link:label id="lab_bp_TravelCentersOfAmericaMember_label_en-US" xlink:label="lab_bp_TravelCentersOfAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> TravelCenters of America [Member] </link:label>
<link:label id="lab_bp_TravelCentersOfAmericaMember_documentation_en-US" xlink:label="lab_bp_TravelCentersOfAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> TravelCenters of America </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TravelCentersOfAmericaMember" xlink:href="bp-20231231.xsd#bp_TravelCentersOfAmericaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TravelCentersOfAmericaMember" xlink:to="lab_bp_TravelCentersOfAmericaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember_fd8edfb7-e507-4146-bbb3-9de46706d3be_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Aggregate continuing and discontinued operations </link:label>
<link:label id="lab_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember_label_en-US" xlink:label="lab_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregate continuing and discontinued operations [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:to="lab_ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeAbstract_75db2eaf-1f33-473b-b542-d4cfe68fcb10_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax </link:label>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncomeAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ScenarioDomain_4fd61a42-7c2a-4e13-9f04-bc3e23dd2177_terseLabel_en-US" xlink:label="lab_bp_ScenarioDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Scenario [Domain] </link:label>
<link:label id="lab_bp_ScenarioDomain_label_en-US" xlink:label="lab_bp_ScenarioDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Scenario [Domain] </link:label>
<link:label id="lab_bp_ScenarioDomain_documentation_en-US" xlink:label="lab_bp_ScenarioDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Scenario [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ScenarioDomain" xlink:href="bp-20231231.xsd#bp_ScenarioDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ScenarioDomain" xlink:to="lab_bp_ScenarioDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AverageRateOfHedgingInstrument_b0a7382b-ba5e-45be-a72c-98b99a91726b_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageRateOfHedgingInstrument" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Average rate of hedging instrument </link:label>
<link:label id="lab_ifrs-full_AverageRateOfHedgingInstrument_label_en-US" xlink:label="lab_ifrs-full_AverageRateOfHedgingInstrument" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Average rate of hedging instrument </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageRateOfHedgingInstrument" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AverageRateOfHedgingInstrument"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageRateOfHedgingInstrument" xlink:to="lab_ifrs-full_AverageRateOfHedgingInstrument" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory_5cb73341-3fe9-47cd-9beb-4749377bb4af_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summarized financial information relating to the group's share of joint ventures </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of summarised financial information of joint venture accounted for using equity method to carrying amount of interest in joint venture [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory_0236ecaf-73b8-4a2e-b3b0-8261e79469bc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of geographical areas </link:label>
<link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of geographical areas [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfGeographicalAreasExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:to="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_67d28b7b-bc30-4316-a9fe-0ae136b278c5_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of share capital [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of share capital [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfShareCapitalAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_2c64e9ed-a707-4eb0-b836-74a3b4d04642_terseLabel_en-US" xlink:label="lab_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recoverable amount of asset or cash-generating unit </link:label>
<link:label id="lab_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_label_en-US" xlink:label="lab_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Recoverable amount of asset or cash-generating unit </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:to="lab_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinanceIncomeCost_db1f6fdd-fe17-4332-80d3-863b883de6f0_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Finance income (cost) </link:label>
<link:label id="lab_ifrs-full_FinanceIncomeCost_label_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Finance income (cost) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinanceIncomeCost"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_430a0327-f3bc-4ef8-87c2-ddc8720bd5d3_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment losses </link:label>
<link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment loss recognised in profit or loss, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Inventories_d6c7b04c-ea40-4b3e-b3dd-f1315fcf5d2e_terseLabel_en-US" xlink:label="lab_ifrs-full_Inventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventories </link:label>
<link:label id="lab_ifrs-full_Inventories_181fc089-e057-4274-a9ee-467010072d98_totalLabel_en-US" xlink:label="lab_ifrs-full_Inventories" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total current inventories </link:label>
<link:label id="lab_ifrs-full_Inventories_label_en-US" xlink:label="lab_ifrs-full_Inventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current inventories </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Inventories" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Inventories"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Inventories" xlink:to="lab_ifrs-full_Inventories" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_b387e7f0-3282-4811-914f-a850eff59c71_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative hedging instruments </link:label>
<link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions_5e0adfb8-c1e7-474f-9ef5-fa6decc53f22_terseLabel_en-US" xlink:label="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Related party receivable </link:label>
<link:label id="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amounts receivable, related party transactions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentDerivativeFinancialAssets_5c914f98-482e-436f-bbcd-eda372f61f58_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_ifrs-full_CurrentDerivativeFinancialAssets_6bdf085d-5add-4f82-8526-61cbbbcb27a2_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Current derivatives, Fair value assets </link:label>
<link:label id="lab_ifrs-full_CurrentDerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current derivative financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentDerivativeFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDerivativeFinancialAssets" xlink:to="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_498dcb7f-6b93-4b89-92b7-f72720e5f669_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about intangible assets [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about intangible assets [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RangesMember_d8003d47-dc40-453d-a72c-e04c03c633d3_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ranges [member] </link:label>
<link:label id="lab_ifrs-full_RangesMember_label_en-US" xlink:label="lab_ifrs-full_RangesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ranges [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RangesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesMember" xlink:to="lab_ifrs-full_RangesMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressPostalZipCode_e9dc4bff-2690-4d54-bc8f-e0f2fd1507e2_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, Postal Zip Code </link:label>
<link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, Postal Zip Code </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ArchaeaEnergyIncMember_d88d9d21-df02-4a60-aa73-779fd7274e60_terseLabel_en-US" xlink:label="lab_bp_ArchaeaEnergyIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Archaea Energy Inc. </link:label>
<link:label id="lab_bp_ArchaeaEnergyIncMember_label_en-US" xlink:label="lab_bp_ArchaeaEnergyIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Archaea Energy Inc. [Member] </link:label>
<link:label id="lab_bp_ArchaeaEnergyIncMember_documentation_en-US" xlink:label="lab_bp_ArchaeaEnergyIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Archaea Energy Inc. </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ArchaeaEnergyIncMember" xlink:href="bp-20231231.xsd#bp_ArchaeaEnergyIncMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ArchaeaEnergyIncMember" xlink:to="lab_bp_ArchaeaEnergyIncMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_2a9ba9b6-d474-4a74-9691-563ce90bf7fa_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current payables to related parties </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current payables to related parties </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse_a27cbc53-027a-4cd5-89c4-00978c49592d_terseLabel_en-US" xlink:label="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recoverable amount of impaired cash-generating units based on value-in-use </link:label>
<link:label id="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse_label_en-US" xlink:label="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Recoverable amount of impaired cash-generating units based on value-in-use </link:label>
<link:label id="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse_documentation_en-US" xlink:label="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Recoverable amount of impaired cash-generating units based on value-in-use </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse" xlink:href="bp-20231231.xsd#bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse" xlink:to="lab_bp_RecoverableAmountOfImpairedCashGeneratingUnitsBasedOnValueInUse" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfRisksAxis_ee15586c-f3cf-4ecc-ac59-55330b9c3941_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Types of risks [axis] </link:label>
<link:label id="lab_ifrs-full_TypesOfRisksAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Types of risks [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfRisksAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksAxis" xlink:to="lab_ifrs-full_TypesOfRisksAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate_8f6b3eeb-f771-454d-9033-38a9835ccbdf_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date </link:label>
<link:label id="lab_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:to="lab_ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_BorrowingsByNameAxis_dfb04608-2992-4c12-b81a-cf513154e49d_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings by name [axis] </link:label>
<link:label id="lab_ifrs-full_BorrowingsByNameAxis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings by name [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsByNameAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameAxis" xlink:to="lab_ifrs-full_BorrowingsByNameAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock_9d7b36aa-a9f0-43ad-836f-44b367e5d5a4_terseLabel_en-US" xlink:label="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of assets and liabilities held for sale </link:label>
<link:label id="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of assets and liabilities held for sale [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of assets and liabilities held for sale [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock" xlink:to="lab_bp_DisclosureofassetsandliabilitiesheldforsaleTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_1a84d726-cc10-4bc3-8e26-929407e62a9b_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests </link:label>
<link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Comprehensive income, attributable to non-controlling interests </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases_1b2680bb-7d9f-488f-8f18-1cc86cc70b31_terseLabel_en-US" xlink:label="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains (losses) recognized in the income statement, excluding gains and losses on realized physical derivative contracts reflected in sales and purchases </link:label>
<link:label id="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases_label_en-US" xlink:label="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains (Losses) Recognised In Profit Or Loss, Fair Value Measurement Assets, Excluding Gain (Losses) On Realized Physical Derivatives Reflected In Sales And Purchases </link:label>
<link:label id="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases_documentation_en-US" xlink:label="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gains (Losses) Recognised In Profit Or Loss, Fair Value Measurement Assets, Excluding Gain (Losses) On Realized Physical Derivatives Reflected In Sales And Purchases </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases" xlink:href="bp-20231231.xsd#bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases" xlink:to="lab_bp_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssetsExcludingGainLossesOnRealizedPhysicalDerivativesReflectedInSalesAndPurchases" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities_67db49f9-53f0-46bd-a568-f4d627afec11_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current payables financial liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities_label_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Payables Financial Liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities_documentation_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Payables Financial Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherCurrentPayablesFinancialLiabilities" xlink:href="bp-20231231.xsd#bp_TradeAndOtherCurrentPayablesFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherCurrentPayablesFinancialLiabilities" xlink:to="lab_bp_TradeAndOtherCurrentPayablesFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncomeTaxAuthority1Axis_9975519b-22ee-428c-8734-d865022f1cea_terseLabel_en-US" xlink:label="lab_bp_IncomeTaxAuthority1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax Authority [Axis] </link:label>
<link:label id="lab_bp_IncomeTaxAuthority1Axis_label_en-US" xlink:label="lab_bp_IncomeTaxAuthority1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Authority 1 [Axis] </link:label>
<link:label id="lab_bp_IncomeTaxAuthority1Axis_documentation_en-US" xlink:label="lab_bp_IncomeTaxAuthority1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income Tax Authority 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncomeTaxAuthority1Axis" xlink:href="bp-20231231.xsd#bp_IncomeTaxAuthority1Axis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncomeTaxAuthority1Axis" xlink:to="lab_bp_IncomeTaxAuthority1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OilAndGasProperties1Member_66462799-3b20-4067-bda1-a9a84b6920d9_terseLabel_en-US" xlink:label="lab_bp_OilAndGasProperties1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Oil and gas properties </link:label>
<link:label id="lab_bp_OilAndGasProperties1Member_label_en-US" xlink:label="lab_bp_OilAndGasProperties1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Oil And Gas Properties 1 [Member] </link:label>
<link:label id="lab_bp_OilAndGasProperties1Member_documentation_en-US" xlink:label="lab_bp_OilAndGasProperties1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Oil And Gas Properties 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilAndGasProperties1Member" xlink:href="bp-20231231.xsd#bp_OilAndGasProperties1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilAndGasProperties1Member" xlink:to="lab_bp_OilAndGasProperties1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember_4f61774e-b7be-40e1-bc6b-b309a6afbcd2_terseLabel_en-US" xlink:label="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pension plan surplusesa </link:label>
<link:label id="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember_label_en-US" xlink:label="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pension Plan Surpluses Related Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:label id="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember_documentation_en-US" xlink:label="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Pension Plan Surpluses Related Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:href="bp-20231231.xsd#bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:to="lab_bp_PensionPlanSurplusesRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AggregatedTimeBandsMember_a3f4328c-a269-4f35-a174-7850e0fe74e7_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Aggregated time bands [member] </link:label>
<link:label id="lab_ifrs-full_AggregatedTimeBandsMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregated time bands [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedTimeBandsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AggregatedTimeBandsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedTimeBandsMember" xlink:to="lab_ifrs-full_AggregatedTimeBandsMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_BusinessContactMember_40dd6181-1d8e-4b74-8c6a-79ee737d9ed1_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Business Contact </link:label>
<link:label id="lab_dei_BusinessContactMember_label_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Business Contact [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_BusinessContactMember" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_BusinessContactMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_BusinessContactMember" xlink:to="lab_dei_BusinessContactMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_94a55b8e-e417-47ef-b3f1-8eede238ecae_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgingInstrumentsAxis_886ebefb-8875-42f3-a323-b1d4378c68d1_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedging instruments [axis] </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedging instruments [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgingInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgingInstrumentsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentsAxis" xlink:to="lab_ifrs-full_HedgingInstrumentsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities_0326652e-3956-4768-bee9-7f022b08caf9_negatedTerseLabel_en-US" xlink:label="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Settlements </link:label>
<link:label id="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities_label_en-US" xlink:label="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Settlements, fair value measurement, assets (liabilities) </link:label>
<link:label id="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities_documentation_en-US" xlink:label="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Settlements, fair value measurement, assets (liabilities) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SettlementsFairValueMeasurementAssetsLiabilities" xlink:href="bp-20231231.xsd#bp_SettlementsFairValueMeasurementAssetsLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SettlementsFairValueMeasurementAssetsLiabilities" xlink:to="lab_bp_SettlementsFairValueMeasurementAssetsLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets_a44439e8-034b-4408-8a6c-ee9861498162_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables financial assets </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets_label_en-US" xlink:label="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Receivables, Financial Assets </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets_documentation_en-US" xlink:label="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Receivables, Financial Assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherCurrentReceivablesFinancialAssets" xlink:href="bp-20231231.xsd#bp_TradeAndOtherCurrentReceivablesFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherCurrentReceivablesFinancialAssets" xlink:to="lab_bp_TradeAndOtherCurrentReceivablesFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_34c788ec-adcc-4f2f-b00f-47307ad5f7d5_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Receipts relating to transactions involving non-controlling interests (other) </link:label>
<link:label id="lab_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from contributions of non-controlling interests </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:to="lab_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OnePercentagePointIncreaseMember_4be3215a-2f0f-4fd7-9142-56efd51e32f1_terseLabel_en-US" xlink:label="lab_bp_OnePercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> One Percentage Point Increase </link:label>
<link:label id="lab_bp_OnePercentagePointIncreaseMember_label_en-US" xlink:label="lab_bp_OnePercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> One Percentage Point Increase [Member] </link:label>
<link:label id="lab_bp_OnePercentagePointIncreaseMember_documentation_en-US" xlink:label="lab_bp_OnePercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> One Percentage Point Increase </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OnePercentagePointIncreaseMember" xlink:href="bp-20231231.xsd#bp_OnePercentagePointIncreaseMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OnePercentagePointIncreaseMember" xlink:to="lab_bp_OnePercentagePointIncreaseMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DerivativesMember_c5c21c9f-b784-46a7-9341-b935e9c4f8a0_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Derivatives </link:label>
<link:label id="lab_ifrs-full_DerivativesMember_label_en-US" xlink:label="lab_ifrs-full_DerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivatives [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativesMember" xlink:to="lab_ifrs-full_DerivativesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_BuildingsMember_1af0f1e1-bf08-43b4-9e2e-a9e0dde8c59a_terseLabel_en-US" xlink:label="lab_ifrs-full_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Buildings </link:label>
<link:label id="lab_ifrs-full_BuildingsMember_label_en-US" xlink:label="lab_ifrs-full_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Buildings [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BuildingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BuildingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BuildingsMember" xlink:to="lab_ifrs-full_BuildingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions_318bd23b-0569-4299-afdb-b9338444ff43_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Change in discount rate </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions_282bbc0c-db74-46d3-a67c-f6fe4cc068af_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Reduction to provision through change in discount rate </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions_70184427-e28d-4e7f-8ad2-9c8dea9510dc_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in discount rate </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through change in discount rate, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EquityAbstract_56aad72e-efa6-4f0a-ad18-abbd56864eb8_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
<link:label id="lab_ifrs-full_EquityAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_country_MR_a0d07c32-b5b7-47d6-a43c-dd251ce2a8b2_terseLabel_en-US" xlink:label="lab_country_MR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mauritania </link:label>
<link:label id="lab_country_MR_label_en-US" xlink:label="lab_country_MR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> MAURITANIA </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_MR" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_MR"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_MR" xlink:to="lab_country_MR" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_dbfae12e-9239-477e-8cab-4999ddab4265_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Origination and reversal of temporary differences in the current yeara </link:label>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) relating to origination and reversal of temporary differences </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember_7cb7e4f3-ce61-43b0-9223-09254760e373_terseLabel_en-US" xlink:label="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 6.450% Perpetual Subordinated Fixed Rate Reset Notes </link:label>
<link:label id="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember_label_en-US" xlink:label="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 6.450% Perpetual Subordinated Fixed Rate Reset Notes [Member] </link:label>
<link:label id="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember_documentation_en-US" xlink:label="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 6.450% Perpetual Subordinated Fixed Rate Reset Notes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember" xlink:href="bp-20231231.xsd#bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember" xlink:to="lab_bp_A6.450PerpetualSubordinatedFixedRateResetNotesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RevenueFromInterest_0f95d26c-79c1-4302-b3f3-c71841204006_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:label id="lab_ifrs-full_RevenueFromInterest_label_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueFromInterest"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromInterest" xlink:to="lab_ifrs-full_RevenueFromInterest" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_7f31ce65-2969-4d83-b5f9-a459d16aa70b_terseLabel_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reversal of impairment loss recognised in profit or loss, intangible assets other than goodwill </link:label>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reversal of impairment loss recognised in profit or loss, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestAndOtherIncome1_0125e41e-0d3a-4e6d-a842-81576fc7fcd5_terseLabel_en-US" xlink:label="lab_bp_InterestAndOtherIncome1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest and other income </link:label>
<link:label id="lab_bp_InterestAndOtherIncome1_2d3912b7-6e7b-4c08-b703-bc2705632c62_totalLabel_en-US" xlink:label="lab_bp_InterestAndOtherIncome1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Finance income </link:label>
<link:label id="lab_bp_InterestAndOtherIncome1_label_en-US" xlink:label="lab_bp_InterestAndOtherIncome1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest And Other Income1 </link:label>
<link:label id="lab_bp_InterestAndOtherIncome1_documentation_en-US" xlink:label="lab_bp_InterestAndOtherIncome1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest And Other Income1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestAndOtherIncome1" xlink:href="bp-20231231.xsd#bp_InterestAndOtherIncome1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestAndOtherIncome1" xlink:to="lab_bp_InterestAndOtherIncome1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate_4c6e6ba3-2c66-425e-b0a1-d41fc51d204d_terseLabel_en-US" xlink:label="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments accounted for using equity method, recognised as of acquisition date </link:label>
<link:label id="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments accounted for using equity method, recognised as of acquisition date </link:label>
<link:label id="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Investments accounted for using equity method, recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate" xlink:href="bp-20231231.xsd#bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate" xlink:to="lab_bp_InvestmentsAccountedForUsingEquityMethodRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MovementInReserveOfCashflowHedgeAndChangeInValueOfForiegnCurrencyBasisSpreadsAbstract_f1fdbe75-ee57-4dc6-8dd5-595b8df77c49_terseLabel_en-US" xlink:label="lab_bp_MovementInReserveOfCashflowHedgeAndChangeInValueOfForiegnCurrencyBasisSpreadsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Movement in cash flow hedge and costs of hedging reserves </link:label>
<link:label id="lab_bp_MovementInReserveOfCashflowHedgeAndChangeInValueOfForiegnCurrencyBasisSpreadsAbstract_label_en-US" xlink:label="lab_bp_MovementInReserveOfCashflowHedgeAndChangeInValueOfForiegnCurrencyBasisSpreadsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Movement In Reserve Of Cash flow Hedge And Change In Value Of Foriegn Currency Basis Spreads [Abstract] </link:label>
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<link:label id="lab_ifrs-full_ExpectedCreditLossRate_label_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected credit loss rate </link:label>
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<link:label id="lab_ifrs-full_MachineryMember_41a2d767-648d-4dce-a433-f7cedbfa5fbe_terseLabel_en-US" xlink:label="lab_ifrs-full_MachineryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Plant, Machinery & Equipment </link:label>
<link:label id="lab_ifrs-full_MachineryMember_label_en-US" xlink:label="lab_ifrs-full_MachineryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Machinery [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MachineryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MachineryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MachineryMember" xlink:to="lab_ifrs-full_MachineryMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions_76045cc4-0c78-4cba-a204-bb6127fa3314_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expense due to unwinding of discount on provisions </link:label>
<link:label id="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions_label_en-US" xlink:label="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense arising from passage of time on other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions"/>
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<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories_e239f099-7924-49d6-a737-eff18d838f30_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventories </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for measuring inventories [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories"/>
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<link:label id="lab_bp_A3937GuaranteedNotesDue2028Member_6f7020e8-cb35-43fe-82b7-2284bbf45f4f_terseLabel_en-US" xlink:label="lab_bp_A3937GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.937% Guaranteed Notes due 2028 </link:label>
<link:label id="lab_bp_A3937GuaranteedNotesDue2028Member_label_en-US" xlink:label="lab_bp_A3937GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.937% Guaranteed Notes due 2028 [Member] </link:label>
<link:label id="lab_bp_A3937GuaranteedNotesDue2028Member_documentation_en-US" xlink:label="lab_bp_A3937GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.937% Guaranteed Notes due 2028 </link:label>
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<link:label id="lab_bp_InventoryValuationReserve_c5a44205-7f4b-42dd-a341-3d224b59a89e_terseLabel_en-US" xlink:label="lab_bp_InventoryValuationReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Write down provision to net realizable value </link:label>
<link:label id="lab_bp_InventoryValuationReserve_label_en-US" xlink:label="lab_bp_InventoryValuationReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory Valuation Reserve </link:label>
<link:label id="lab_bp_InventoryValuationReserve_documentation_en-US" xlink:label="lab_bp_InventoryValuationReserve" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Inventory Valuation Reserve </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InventoryValuationReserve" xlink:href="bp-20231231.xsd#bp_InventoryValuationReserve"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InventoryValuationReserve" xlink:to="lab_bp_InventoryValuationReserve" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SharebasedPaymentArrangementsMember_101285f2-e546-42b5-9347-93c71e77aa1d_terseLabel_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share-based payment arrangements [member] </link:label>
<link:label id="lab_ifrs-full_SharebasedPaymentArrangementsMember_label_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-based payment arrangements [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SharebasedPaymentArrangementsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings_43673f5b-b7a7-42f8-bda9-c84cff4839be_terseLabel_en-US" xlink:label="lab_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proportion of floating rate debt, net of interest rate swaps, to total finance debt </link:label>
<link:label id="lab_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings_label_en-US" xlink:label="lab_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Floating Rate Debt, Net Of Derivative Instruments Excluding Leases, As A Percent Of Total Borrowings </link:label>
<link:label id="lab_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings_documentation_en-US" xlink:label="lab_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Floating Rate Debt, Net Of Derivative Instruments Excluding Leases, As A Percent Of Total Borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings" xlink:href="bp-20231231.xsd#bp_FloatingRateDebtNetOfDerivativeInstrumentsExcludingLeasesAsAPercentOfTotalBorrowings"/>
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<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax_003aa0e9-b2d4-47d4-a150-ea6818e4090d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedging reclassified to the income statement </link:label>
<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reclassification adjustments on change in value of foreign currency basis spreads, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsExcludingLeasesNotHedged_b6e8ed2d-bef6-4a75-be5c-6bd4ed506468_terseLabel_en-US" xlink:label="lab_bp_BorrowingsExcludingLeasesNotHedged" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings not swapped </link:label>
<link:label id="lab_bp_BorrowingsExcludingLeasesNotHedged_label_en-US" xlink:label="lab_bp_BorrowingsExcludingLeasesNotHedged" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings Excluding Leases, Not Hedged </link:label>
<link:label id="lab_bp_BorrowingsExcludingLeasesNotHedged_documentation_en-US" xlink:label="lab_bp_BorrowingsExcludingLeasesNotHedged" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings Excluding Leases, Not Hedged </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsExcludingLeasesNotHedged" xlink:href="bp-20231231.xsd#bp_BorrowingsExcludingLeasesNotHedged"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsExcludingLeasesNotHedged" xlink:to="lab_bp_BorrowingsExcludingLeasesNotHedged" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Revenue_207b7d70-8dff-4bb5-8518-e923754e499b_totalLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total revenues and other income </link:label>
<link:label id="lab_ifrs-full_Revenue_eb231f86-cddb-40e0-af07-5f7de101115f_terseLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales and other operating revenues </link:label>
<link:label id="lab_ifrs-full_Revenue_label_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Revenue"/>
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<link:label id="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable_a6625e1d-68be-408c-9431-58b8cae62947_terseLabel_en-US" xlink:label="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest receivable </link:label>
<link:label id="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable_label_en-US" xlink:label="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments For Decrease (Increase In) Interest Receivable </link:label>
<link:label id="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable_documentation_en-US" xlink:label="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Adjustments For Decrease (Increase In) Interest Receivable </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable" xlink:href="bp-20231231.xsd#bp_AdjustmentsForDecreaseIncreaseInInterestReceivable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable" xlink:to="lab_bp_AdjustmentsForDecreaseIncreaseInInterestReceivable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory_69c894e1-2e75-4d98-b5f2-e7cfe4aa5f0c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedging instruments and items </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedges [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory"/>
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<link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsTable_c5ba63a4-7231-4317-9e2e-5d6567313ae9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of other provisions [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of other provisions [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOtherProvisionsTable"/>
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<link:label id="lab_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock_43a4b5b8-097d-4f20-8f95-8151084705a8_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Valuation and qualifying accounts </link:label>
<link:label id="lab_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Valuation And Qualifying Accounts [Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Valuation And Qualifying Accounts [Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfValuationAndQualifyingAccountsTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfValuationAndQualifyingAccountsTextBlock"/>
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<link:label id="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_76e55c99-8232-4e34-9f57-d1d9b2986443_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets </link:label>
<link:label id="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current assets other than financial instruments, deferred tax assets, post-employment benefit assets, and rights arising under insurance contracts </link:label>
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<link:label id="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans_742fc703-d941-46b2-9fef-67e4a0ec662a_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net finance (income) expense relating to pensions and other post-retirement benefits </link:label>
<link:label id="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest expense (income), defined benefit plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestExpenseIncomeDefinedBenefitPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:to="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasLineItems_f2883c75-b245-4fbf-b176-664dc8f0e5a9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of geographical areas [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of geographical areas [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfGeographicalAreasLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfGeographicalAreasLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfGeographicalAreasLineItems" xlink:to="lab_ifrs-full_DisclosureOfGeographicalAreasLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_abc28896-de68-41fc-ae59-3388675b95f0_terseLabel_en-US" xlink:label="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retrospective application and retrospective restatement [axis] </link:label>
<link:label id="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_label_en-US" xlink:label="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retrospective application and retrospective restatement [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UnfundedPlan1Member_5d9a1c57-5ec5-4be1-9979-505b62ae12cd_terseLabel_en-US" xlink:label="lab_bp_UnfundedPlan1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unfunded </link:label>
<link:label id="lab_bp_UnfundedPlan1Member_label_en-US" xlink:label="lab_bp_UnfundedPlan1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unfunded Plan 1 [Member] </link:label>
<link:label id="lab_bp_UnfundedPlan1Member_documentation_en-US" xlink:label="lab_bp_UnfundedPlan1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unfunded Plan 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UnfundedPlan1Member" xlink:href="bp-20231231.xsd#bp_UnfundedPlan1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UnfundedPlan1Member" xlink:to="lab_bp_UnfundedPlan1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities_869ab783-4e43-4a19-95bb-899c2dcee46a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities at beginning of year </link:label>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities_6974a3b5-4c54-42ea-a3c4-e176f88e881a_periodEndLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities at beginning of year </link:label>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset_20624071-21cd-4ca7-a308-1e35c7c700c5_negatedLabel_en-US" xlink:label="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Decrease Through Reclassification to Assets Held For Sale, Net Defined Benefit Liability (Asset) </link:label>
<link:label id="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease Through Reclassification to Assets Held For Sale, Net Defined Benefit Liability (Asset) </link:label>
<link:label id="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Decrease Through Reclassification to Assets Held For Sale, Net Defined Benefit Liability (Asset) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset" xlink:href="bp-20231231.xsd#bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset" xlink:to="lab_bp_DecreaseThroughReclassificationtoAssetsHeldForSaleNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset_9ab8cdf9-4c42-4c68-8ad4-7c807931bd23_terseLabel_en-US" xlink:label="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax expense arising from the write-down of a previously recognized deferred tax asset </link:label>
<link:label id="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset_label_en-US" xlink:label="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Tax Expense Arising From Write-down Of Deferred Tax Asset </link:label>
<link:label id="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset_documentation_en-US" xlink:label="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Deferred Tax Expense Arising From Write-down Of Deferred Tax Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset" xlink:href="bp-20231231.xsd#bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset" xlink:to="lab_bp_DeferredTaxExpenseArisingFromWritedownOfDeferredTaxAsset" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentTransitionReport_953d2ea7-4925-40f6-865d-f78814c7affd_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Transition Report </link:label>
<link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Transition Report </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentTransitionReport" xlink:to="lab_dei_DocumentTransitionReport" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_0bda2487-b82f-4f1f-ad22-047e3cda4321_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interests in joint arrangements and associates </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for investment in associates and joint ventures [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesMember_8b6ef434-fa7a-4625-ac86-fc7aa461845e_terseLabel_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other payables </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesMember_label_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Payables [Member] </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentPayablesMember_documentation_en-US" xlink:label="lab_bp_TradeAndOtherCurrentPayablesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Payables [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherCurrentPayablesMember" xlink:href="bp-20231231.xsd#bp_TradeAndOtherCurrentPayablesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherCurrentPayablesMember" xlink:to="lab_bp_TradeAndOtherCurrentPayablesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax_d7294f1e-9288-4897-89b7-2028dd311df7_terseLabel_en-US" xlink:label="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges marked to market </link:label>
<link:label id="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax_label_en-US" xlink:label="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains (Losses) On Cash Flow Hedges And Cash Flow Hedges, Before Tax </link:label>
<link:label id="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax_documentation_en-US" xlink:label="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gains (Losses) On Cash Flow Hedges And Cash Flow Hedges, Before Tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax" xlink:href="bp-20231231.xsd#bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax" xlink:to="lab_bp_GainsLossesOnCashFlowHedgesAndCashFlowHedgesBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember_34be583b-510d-4aaf-befd-ebe995d956b1_terseLabel_en-US" xlink:label="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Later than ten years and not later than twenty years </link:label>
<link:label id="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember_label_en-US" xlink:label="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than ten years and not later than twenty years [Member] </link:label>
<link:label id="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember_documentation_en-US" xlink:label="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Later than ten years and not later than twenty years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:href="bp-20231231.xsd#bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:to="lab_bp_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_494fd58f-cd10-4094-98da-adf177bc5fcf_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment [member] </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForRelatedPartiesMember_47959cb9-d65b-48c6-b90e-6add2de7d9d0_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for related parties [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForRelatedPartiesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for related parties [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentLoansAndReceivables_d2248585-9ac9-4fc6-baf5-63ea9d4a05bd_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:label id="lab_ifrs-full_NoncurrentLoansAndReceivables_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current loans and receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLoansAndReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentLoansAndReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLoansAndReceivables" xlink:to="lab_ifrs-full_NoncurrentLoansAndReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsTable_6a76ade0-507a-4b0a-8ea0-dc68f5abec2d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about intangible assets [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about intangible assets [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SharePremiumMember_77531350-4c8a-46c4-a5a2-c377e1637fda_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share premium [member] </link:label>
<link:label id="lab_ifrs-full_SharePremiumMember_label_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share premium [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SharePremiumMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentTradingInventories_9bfd21e2-d149-4484-abbc-c1a9e3af9fd9_terseLabel_en-US" xlink:label="lab_bp_CurrentTradingInventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading inventories </link:label>
<link:label id="lab_bp_CurrentTradingInventories_label_en-US" xlink:label="lab_bp_CurrentTradingInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Trading Inventories </link:label>
<link:label id="lab_bp_CurrentTradingInventories_documentation_en-US" xlink:label="lab_bp_CurrentTradingInventories" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Trading Inventories </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentTradingInventories" xlink:href="bp-20231231.xsd#bp_CurrentTradingInventories"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentTradingInventories" xlink:to="lab_bp_CurrentTradingInventories" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities_95689687-504a-489c-901f-d618978ce8af_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash used in operating activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) exploration for and evaluation of mineral resources, classified as operating activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities"/>
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<link:label id="lab_bp_DisclosureOfDetailedInformationOfProvisionsTableTextBlock_c88df953-c3b3-46cd-8341-6d8e30c3c4d5_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfProvisionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of movements in each class of provisions </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfProvisionsTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfProvisionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Provisions [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfProvisionsTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfProvisionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Provisions [Table Text Block] </link:label>
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<link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_cb92fd5f-4b24-4a62-b0b5-b67d2574b756_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charge for the year </link:label>
<link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current tax expense (income) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTaxExpenseIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_eb55005c-eb74-4bf1-ab1a-9117997b26e8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of non-current assets or disposal groups classified as held for sale [text block] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of non-current assets held for sale and discontinued operations [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfHedgesAxis_14c00d74-ba01-411e-9289-d210085855c0_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Types of hedges [axis] </link:label>
<link:label id="lab_ifrs-full_TypesOfHedgesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Types of hedges [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfHedgesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfHedgesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfHedgesAxis" xlink:to="lab_ifrs-full_TypesOfHedgesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LiquidityRiskMember_87237099-d60c-4922-8213-7c9c9543b86d_terseLabel_en-US" xlink:label="lab_ifrs-full_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liquidity risk </link:label>
<link:label id="lab_ifrs-full_LiquidityRiskMember_label_en-US" xlink:label="lab_ifrs-full_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liquidity risk [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiquidityRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiquidityRiskMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiquidityRiskMember" xlink:to="lab_ifrs-full_LiquidityRiskMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_d887e3c6-dd62-40b7-a6d6-a01aec66a08e_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Items that will not be reclassified to profit or loss </link:label>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
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<link:label id="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced_75d57264-e247-4749-8ed0-e7f8efc3f273_terseLabel_en-US" xlink:label="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Undiscounted operating lease payment for future commitments for leases not yet commenced </link:label>
<link:label id="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced_label_en-US" xlink:label="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Undiscounted lease payment for future commitments for leases not yet commenced </link:label>
<link:label id="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced_documentation_en-US" xlink:label="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Undiscounted lease payment for future commitments for leases not yet commenced </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced" xlink:href="bp-20231231.xsd#bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced" xlink:to="lab_bp_Undiscountedleasepaymentforfuturecommitmentsforleasesnotyetcommenced" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember_1693dd8b-32a2-4feb-bcb4-a4d4277c1add_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Not credit-impaired </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial instruments not credit-impaired [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialInstrumentsNotCreditimpairedMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:to="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressCountry_3d9969f8-0918-446b-a8f7-738cf8c81069_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, Country </link:label>
<link:label id="lab_dei_EntityAddressCountry_label_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, Country </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCountry" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCountry" xlink:to="lab_dei_EntityAddressCountry" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember_aac2212e-2853-41cf-a44b-0791b85de664_terseLabel_en-US" xlink:label="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pension plan and other post-retirement benefit plan deficits </link:label>
<link:label id="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember_label_en-US" xlink:label="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pension Plan And Other Post-Retirement Benefit Plan Deficits Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:label id="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember_documentation_en-US" xlink:label="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Pension Plan And Other Post-Retirement Benefit Plan Deficits Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:href="bp-20231231.xsd#bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:to="lab_bp_PensionPlanAndOtherPostRetirementBenefitPlanDeficitsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember_ca98fd27-cb75-4b7d-8a61-593675b14f09_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other associates </link:label>
<link:label id="lab_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregated individually immaterial associates [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember" xlink:to="lab_ifrs-full_AggregatedIndividuallyImmaterialAssociatesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_4454a90f-7672-4562-b12e-f4fa9b2ce397_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Diluted earnings (loss) per share (USD per share) </link:label>
<link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Diluted earnings (loss) per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_b3aa693c-02cc-4640-87d6-1eaae8868f49_terseLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Post-employment benefit expense, defined contribution plans </link:label>
<link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_label_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Post-employment benefit expense, defined contribution plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InventoryWritedown2011_3a9cd5e6-1afd-4487-a5e3-64f2ee4ea0c8_terseLabel_en-US" xlink:label="lab_ifrs-full_InventoryWritedown2011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net charge to income statement </link:label>
<link:label id="lab_ifrs-full_InventoryWritedown2011_label_en-US" xlink:label="lab_ifrs-full_InventoryWritedown2011" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory write-down </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoryWritedown2011" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InventoryWritedown2011"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InventoryWritedown2011" xlink:to="lab_ifrs-full_InventoryWritedown2011" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember_b31f68ef-bbf6-4d1c-bb2d-a0c660b8de1c_terseLabel_en-US" xlink:label="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities at fair value through profit or loss, category </link:label>
<link:label id="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember_label_en-US" xlink:label="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Liabilities At Fair Value Through Profit Or Loss, Mandatorily Measured At Fair Value [Member] </link:label>
<link:label id="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember_documentation_en-US" xlink:label="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financial Liabilities At Fair Value Through Profit Or Loss, Mandatorily Measured At Fair Value [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:href="bp-20231231.xsd#bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:to="lab_bp_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EarningsPerShareExplanatory_629ece37-3d52-4058-a36e-21cfe00fa640_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of earnings per share </link:label>
<link:label id="lab_ifrs-full_EarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Earnings per share [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EarningsPerShareExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareExplanatory" xlink:to="lab_ifrs-full_EarningsPerShareExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable_5d28ab41-d4d0-41d3-929c-6f8041974c30_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of changes in goodwill [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of changes in goodwill [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ListedEquityFundsDevelopedMarketsMember_9e08c935-8cb6-4fae-ac67-3796926e4130_terseLabel_en-US" xlink:label="lab_bp_ListedEquityFundsDevelopedMarketsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Listed equities – developed markets </link:label>
<link:label id="lab_bp_ListedEquityFundsDevelopedMarketsMember_label_en-US" xlink:label="lab_bp_ListedEquityFundsDevelopedMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Listed Equity Funds, Developed Markets [Member] </link:label>
<link:label id="lab_bp_ListedEquityFundsDevelopedMarketsMember_documentation_en-US" xlink:label="lab_bp_ListedEquityFundsDevelopedMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Listed Equity Funds, Developed Markets [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ListedEquityFundsDevelopedMarketsMember" xlink:href="bp-20231231.xsd#bp_ListedEquityFundsDevelopedMarketsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ListedEquityFundsDevelopedMarketsMember" xlink:to="lab_bp_ListedEquityFundsDevelopedMarketsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate_aa9030ac-a6be-48f0-a2d2-91df17b0a540_terseLabel_en-US" xlink:label="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provisions, discounted cash flow, nominal interest rate </link:label>
<link:label id="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate_label_en-US" xlink:label="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions, Discounted Cash Flow, Nominal Interest Rate </link:label>
<link:label id="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate_documentation_en-US" xlink:label="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisions, Discounted Cash Flow, Nominal Interest Rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionsDiscountedCashFlowNominalInterestRate" xlink:href="bp-20231231.xsd#bp_ProvisionsDiscountedCashFlowNominalInterestRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionsDiscountedCashFlowNominalInterestRate" xlink:to="lab_bp_ProvisionsDiscountedCashFlowNominalInterestRate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfMortalityRatesMember_6caf0854-889d-49e4-9dca-53bcd9b5a993_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfMortalityRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Actuarial assumption of mortality rates [member] </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfMortalityRatesMember_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfMortalityRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumption of mortality rates [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfMortalityRatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionOfMortalityRatesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfMortalityRatesMember" xlink:to="lab_ifrs-full_ActuarialAssumptionOfMortalityRatesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan_d48a3d9f-7ded-42de-99dd-29e1c3310c8a_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Defined benefit pension plan surpluses </link:label>
<link:label id="lab_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan_label_en-US" xlink:label="lab_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current net defined benefit asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan" xlink:to="lab_ifrs-full_NoncurrentRecognisedAssetsDefinedBenefitPlan" xlink:type="arc" order="1"/>
<link:label id="lab_country_RU_ba07e701-5ede-441a-8932-a95ec62ceec7_terseLabel_en-US" xlink:label="lab_country_RU" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> RUSSIAN FEDERATION </link:label>
<link:label id="lab_country_RU_label_en-US" xlink:label="lab_country_RU" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> RUSSIAN FEDERATION </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_RU" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_RU"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_RU" xlink:to="lab_country_RU" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AuditorsRemunerationAbstract_f280784e-d97d-49e9-a02e-35394f42a956_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration </link:label>
<link:label id="lab_ifrs-full_AuditorsRemunerationAbstract_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AuditorsRemunerationAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemunerationAbstract" xlink:to="lab_ifrs-full_AuditorsRemunerationAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_53066e6b-6fe9-4e9e-b2e2-709e5a8500c2_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustments </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through net exchange differences, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LitigationAndClaimsMember_6ad8c899-514a-4285-a242-e4504cf3fbb8_terseLabel_en-US" xlink:label="lab_bp_LitigationAndClaimsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation And Claims </link:label>
<link:label id="lab_bp_LitigationAndClaimsMember_label_en-US" xlink:label="lab_bp_LitigationAndClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation And Claims [Member] </link:label>
<link:label id="lab_bp_LitigationAndClaimsMember_documentation_en-US" xlink:label="lab_bp_LitigationAndClaimsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Litigation And Claims [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LitigationAndClaimsMember" xlink:href="bp-20231231.xsd#bp_LitigationAndClaimsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LitigationAndClaimsMember" xlink:to="lab_bp_LitigationAndClaimsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment_40804d17-b449-4f68-baf7-f054a923330f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through other changes, property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through other changes, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SignificantEventDomain_d75a01d5-569f-45f0-9030-d6550b3d9e30_terseLabel_en-US" xlink:label="lab_bp_SignificantEventDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Significant Event [Domain] </link:label>
<link:label id="lab_bp_SignificantEventDomain_label_en-US" xlink:label="lab_bp_SignificantEventDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Significant Event [Domain] </link:label>
<link:label id="lab_bp_SignificantEventDomain_documentation_en-US" xlink:label="lab_bp_SignificantEventDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Significant Event [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SignificantEventDomain" xlink:href="bp-20231231.xsd#bp_SignificantEventDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SignificantEventDomain" xlink:to="lab_bp_SignificantEventDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_7cdc9d06-fddf-42ce-8736-6148a2ea38c2_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisitions and other additions </link:label>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Acquisitions through business combinations, intangible assets and goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_a7ffe600-3b86-499a-a2c6-3283e8591f36_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of transactions between related parties [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of transactions between related parties [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_9641ed55-6add-42b7-8947-44d87c6c82ef_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Weighted average duration of defined benefit obligation </link:label>
<link:label id="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted average duration of defined benefit obligation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:to="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PurchasesfromjointventuresAbstract_33f4355b-1c06-4cb9-9b9f-e630a42a594c_terseLabel_en-US" xlink:label="lab_bp_PurchasesfromjointventuresAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchases from joint ventures [Abstract] </link:label>
<link:label id="lab_bp_PurchasesfromjointventuresAbstract_label_en-US" xlink:label="lab_bp_PurchasesfromjointventuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchases from joint ventures [Abstract] </link:label>
<link:label id="lab_bp_PurchasesfromjointventuresAbstract_documentation_en-US" xlink:label="lab_bp_PurchasesfromjointventuresAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Purchases from joint ventures [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PurchasesfromjointventuresAbstract" xlink:href="bp-20231231.xsd#bp_PurchasesfromjointventuresAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PurchasesfromjointventuresAbstract" xlink:to="lab_bp_PurchasesfromjointventuresAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_a6228f8b-eec3-4775-8ed1-41b44c63c375_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in financial assumptions underlying the present value of the plan liabilities </link:label>
<link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions </link:label>
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<link:label id="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract_04b1d162-5cc9-4270-9889-a3ba603864ec_terseLabel_en-US" xlink:label="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contingent liabilities and legal proceedings [Abstract] </link:label>
<link:label id="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract_label_en-US" xlink:label="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contingent liabilities and legal proceedings [Abstract] </link:label>
<link:label id="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract_documentation_en-US" xlink:label="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Contingent liabilities and legal proceedings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ContingentLiabilitiesAndLegalProceedingsAbstract" xlink:href="bp-20231231.xsd#bp_ContingentLiabilitiesAndLegalProceedingsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ContingentLiabilitiesAndLegalProceedingsAbstract" xlink:to="lab_bp_ContingentLiabilitiesAndLegalProceedingsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContingentConsiderationMember_669c9e36-7b64-45ed-8eae-e5a5550233c5_terseLabel_en-US" xlink:label="lab_ifrs-full_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contingent consideration [member] </link:label>
<link:label id="lab_ifrs-full_ContingentConsiderationMember_label_en-US" xlink:label="lab_ifrs-full_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contingent consideration [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContingentConsiderationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContingentConsiderationMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentConsiderationMember" xlink:to="lab_ifrs-full_ContingentConsiderationMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_c038231f-04d8-4598-83eb-729638d206c5_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Financial Statement Error Correction [Flag] </link:label>
<link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Financial Statement Error Correction [Flag] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_0976bfe4-a0a5-4c33-ad57-4e38f400c4df_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of operating segments [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of operating segments [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsNumberOfLenders_cd087c7f-c76c-4b6b-bec6-8d0f33a1b0a2_terseLabel_en-US" xlink:label="lab_bp_BorrowingsNumberOfLenders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of lenders, financial institutions (international bank) </link:label>
<link:label id="lab_bp_BorrowingsNumberOfLenders_label_en-US" xlink:label="lab_bp_BorrowingsNumberOfLenders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, Number Of Lenders </link:label>
<link:label id="lab_bp_BorrowingsNumberOfLenders_documentation_en-US" xlink:label="lab_bp_BorrowingsNumberOfLenders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings, Number Of Lenders </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsNumberOfLenders" xlink:href="bp-20231231.xsd#bp_BorrowingsNumberOfLenders"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsNumberOfLenders" xlink:to="lab_bp_BorrowingsNumberOfLenders" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis_a1750b14-eeef-449e-9d61-1df6decee641_terseLabel_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash-generating units [axis] </link:label>
<link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis_label_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash-generating units [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:to="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonUKCountriesMember_bd1012f4-6721-4595-b870-d993d529d6ce_terseLabel_en-US" xlink:label="lab_bp_NonUKCountriesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-UK Countries </link:label>
<link:label id="lab_bp_NonUKCountriesMember_label_en-US" xlink:label="lab_bp_NonUKCountriesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-UK Countries [Member] </link:label>
<link:label id="lab_bp_NonUKCountriesMember_documentation_en-US" xlink:label="lab_bp_NonUKCountriesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-UK Countries [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonUKCountriesMember" xlink:href="bp-20231231.xsd#bp_NonUKCountriesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonUKCountriesMember" xlink:to="lab_bp_NonUKCountriesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EuropeanFuelsMember_a2a3b057-5292-4741-9e6d-fcfabf695192_terseLabel_en-US" xlink:label="lab_bp_EuropeanFuelsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> European fuels </link:label>
<link:label id="lab_bp_EuropeanFuelsMember_label_en-US" xlink:label="lab_bp_EuropeanFuelsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> European fuels [Member] </link:label>
<link:label id="lab_bp_EuropeanFuelsMember_documentation_en-US" xlink:label="lab_bp_EuropeanFuelsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> European fuels </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EuropeanFuelsMember" xlink:href="bp-20231231.xsd#bp_EuropeanFuelsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EuropeanFuelsMember" xlink:to="lab_bp_EuropeanFuelsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture_14902f8b-9029-4ec8-b5c0-10f12035917e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in joint venture </link:label>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in joint venture </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProportionOfOwnershipInterestInJointVenture"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember_9aa93e7c-6ade-442f-95f8-2ece7b4b8313_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other joint ventures </link:label>
<link:label id="lab_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregated individually immaterial joint ventures [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember" xlink:to="lab_ifrs-full_AggregatedIndividuallyImmaterialJointVenturesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_78d074fd-fc57-4fd7-b531-92c8fd3f1310_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Derivatives held for trading, Fair value liabilities </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_b75550c6-0ee8-42a4-972c-f4b167622cd1_negatedLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Derivative liabilities held for trading </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative financial liabilities held for trading </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AssetsandliabilitiesheldforsaleTable_d4123351-ab05-4fc0-9e80-9bd05fcec10e_terseLabel_en-US" xlink:label="lab_bp_AssetsandliabilitiesheldforsaleTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets and liabilities held for sale [Table] </link:label>
<link:label id="lab_bp_AssetsandliabilitiesheldforsaleTable_label_en-US" xlink:label="lab_bp_AssetsandliabilitiesheldforsaleTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets and liabilities held for sale [Table] </link:label>
<link:label id="lab_bp_AssetsandliabilitiesheldforsaleTable_documentation_en-US" xlink:label="lab_bp_AssetsandliabilitiesheldforsaleTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Assets and liabilities held for sale [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AssetsandliabilitiesheldforsaleTable" xlink:href="bp-20231231.xsd#bp_AssetsandliabilitiesheldforsaleTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AssetsandliabilitiesheldforsaleTable" xlink:to="lab_bp_AssetsandliabilitiesheldforsaleTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RetirementPlanFundingStatus1Axis_0d56dd65-b7d4-4df3-9d8c-a743696ca6d5_terseLabel_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Axis] </link:label>
<link:label id="lab_bp_RetirementPlanFundingStatus1Axis_label_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Axis] </link:label>
<link:label id="lab_bp_RetirementPlanFundingStatus1Axis_documentation_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RetirementPlanFundingStatus1Axis" xlink:href="bp-20231231.xsd#bp_RetirementPlanFundingStatus1Axis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RetirementPlanFundingStatus1Axis" xlink:to="lab_bp_RetirementPlanFundingStatus1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_93709bd2-c9eb-4c59-a277-09f3522855a1_terseLabel_en-US" xlink:label="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrued benefit obligation </link:label>
<link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_label_en-US" xlink:label="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Present value of defined benefit obligation [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PresentValueOfDefinedBenefitObligationMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:to="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_a2b4cb64-de48-495c-ba84-be118a864252_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustments </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through net exchange differences, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_53188a19-5963-49aa-9665-c6ed5ff5e2e1_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill recognised as of acquisition date </link:label>
<link:label id="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Goodwill recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GoodwillRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareCapitalAndCapitalReserveMember_bef19e96-5cbc-4ac6-a46d-c39d4269922f_terseLabel_en-US" xlink:label="lab_bp_ShareCapitalAndCapitalReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share Capital And Capital Reserve [Member] </link:label>
<link:label id="lab_bp_ShareCapitalAndCapitalReserveMember_0d3889e0-dde0-47ce-a8c0-fc96100790d9_verboseLabel_en-US" xlink:label="lab_bp_ShareCapitalAndCapitalReserveMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Share Capital And Capital Reserve [Member] </link:label>
<link:label id="lab_bp_ShareCapitalAndCapitalReserveMember_label_en-US" xlink:label="lab_bp_ShareCapitalAndCapitalReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share Capital And Capital Reserve [Member] </link:label>
<link:label id="lab_bp_ShareCapitalAndCapitalReserveMember_documentation_en-US" xlink:label="lab_bp_ShareCapitalAndCapitalReserveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share Capital And Capital Reserve [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareCapitalAndCapitalReserveMember" xlink:href="bp-20231231.xsd#bp_ShareCapitalAndCapitalReserveMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ShareCapitalAndCapitalReserveMember" xlink:to="lab_bp_ShareCapitalAndCapitalReserveMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_5b304085-a405-497b-90df-a891077e5dbf_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments in joint ventures </link:label>
<link:label id="lab_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments in joint ventures accounted for using equity method </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SegmentsAxis_b732138f-03cc-447e-9bcc-e8fcfa37d861_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segments [axis] </link:label>
<link:label id="lab_ifrs-full_SegmentsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SegmentsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsAxis" xlink:to="lab_ifrs-full_SegmentsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProvisionsUndiscountedCashFlow_49cf6911-3c34-45d0-896b-8791313281c5_terseLabel_en-US" xlink:label="lab_bp_ProvisionsUndiscountedCashFlow" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provisions, undiscounted cash flow </link:label>
<link:label id="lab_bp_ProvisionsUndiscountedCashFlow_label_en-US" xlink:label="lab_bp_ProvisionsUndiscountedCashFlow" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions, undiscounted cash flow </link:label>
<link:label id="lab_bp_ProvisionsUndiscountedCashFlow_documentation_en-US" xlink:label="lab_bp_ProvisionsUndiscountedCashFlow" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisions, undiscounted cash flow </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionsUndiscountedCashFlow" xlink:href="bp-20231231.xsd#bp_ProvisionsUndiscountedCashFlow"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionsUndiscountedCashFlow" xlink:to="lab_bp_ProvisionsUndiscountedCashFlow" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_d44dd559-eead-4e04-a4e5-19ed832fe27e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for intangible assets other than goodwill [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FixedInterestRateMember_ff79cfa3-eabe-47c9-af8c-7ba7f990414e_terseLabel_en-US" xlink:label="lab_ifrs-full_FixedInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixed interest rate [member] </link:label>
<link:label id="lab_ifrs-full_FixedInterestRateMember_label_en-US" xlink:label="lab_ifrs-full_FixedInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fixed interest rate [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FixedInterestRateMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FixedInterestRateMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixedInterestRateMember" xlink:to="lab_ifrs-full_FixedInterestRateMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_80a3e69e-902a-4615-9d78-81691253bc1e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in associate </link:label>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in associate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions_22957236-49c0-4aee-9206-487f36f5199b_terseLabel_en-US" xlink:label="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current payables for capital expenditure and acquisitionsa </link:label>
<link:label id="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions_label_en-US" xlink:label="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-Current Payables For Capital Expenditures And Acquisitions </link:label>
<link:label id="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions_documentation_en-US" xlink:label="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-Current Payables For Capital Expenditures And Acquisitions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:href="bp-20231231.xsd#bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:to="lab_bp_NonCurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherIncomeStatementItemsAbstract_1772e3f2-6274-47d1-be28-d45c03e5158d_terseLabel_en-US" xlink:label="lab_bp_OtherIncomeStatementItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other income statement items </link:label>
<link:label id="lab_bp_OtherIncomeStatementItemsAbstract_label_en-US" xlink:label="lab_bp_OtherIncomeStatementItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Income Statement Items [Abstract] </link:label>
<link:label id="lab_bp_OtherIncomeStatementItemsAbstract_documentation_en-US" xlink:label="lab_bp_OtherIncomeStatementItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Income Statement Items [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherIncomeStatementItemsAbstract" xlink:href="bp-20231231.xsd#bp_OtherIncomeStatementItemsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherIncomeStatementItemsAbstract" xlink:to="lab_bp_OtherIncomeStatementItemsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UnwindingOfDiscountOtherProvisions_17e49de3-5a8f-4c2b-bd77-b2dc7a6980e6_terseLabel_en-US" xlink:label="lab_bp_UnwindingOfDiscountOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unwinding of discountb </link:label>
<link:label id="lab_bp_UnwindingOfDiscountOtherProvisions_label_en-US" xlink:label="lab_bp_UnwindingOfDiscountOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unwinding Of Discount, Other Provisions </link:label>
<link:label id="lab_bp_UnwindingOfDiscountOtherProvisions_documentation_en-US" xlink:label="lab_bp_UnwindingOfDiscountOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unwinding Of Discount, Other Provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UnwindingOfDiscountOtherProvisions" xlink:href="bp-20231231.xsd#bp_UnwindingOfDiscountOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UnwindingOfDiscountOtherProvisions" xlink:to="lab_bp_UnwindingOfDiscountOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentPeriodEndDate_ccef986d-6ef0-4afa-b645-e0f8a2620ce1_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Period End Date </link:label>
<link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Period End Date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock_820ab87a-a48e-4358-9ebb-d9730fde65c5_terseLabel_en-US" xlink:label="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of inventory </link:label>
<link:label id="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock_label_en-US" xlink:label="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule Of Inventory, Current 1 [Table Text Block] </link:label>
<link:label id="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock_documentation_en-US" xlink:label="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule Of Inventory, Current 1 [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ScheduleOfInventoryCurrent1TableTextBlock" xlink:href="bp-20231231.xsd#bp_ScheduleOfInventoryCurrent1TableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ScheduleOfInventoryCurrent1TableTextBlock" xlink:to="lab_bp_ScheduleOfInventoryCurrent1TableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_1d9fa3d9-e768-457a-9fa3-5f554d815a0f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Remuneration of directors and senior management </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of transactions between related parties [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NotLaterThanTenYearsMember_6290edc2-609f-426b-81d1-456dc7655bfa_terseLabel_en-US" xlink:label="lab_bp_NotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Within ten years </link:label>
<link:label id="lab_bp_NotLaterThanTenYearsMember_label_en-US" xlink:label="lab_bp_NotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Not later than ten years [Member] </link:label>
<link:label id="lab_bp_NotLaterThanTenYearsMember_documentation_en-US" xlink:label="lab_bp_NotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Not later than ten years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NotLaterThanTenYearsMember" xlink:href="bp-20231231.xsd#bp_NotLaterThanTenYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NotLaterThanTenYearsMember" xlink:to="lab_bp_NotLaterThanTenYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_2221b01b-fbed-4a3b-b73a-cc5000988878_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate used in current estimate of value in use </link:label>
<link:label id="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Discount rate used in current estimate of value in use </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:to="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_e89cfd66-2776-4cb4-bc05-df70d0963d67_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current receivables due from related parties </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current receivables due from related parties </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract_4cf86915-d77b-43fe-a320-821b51f09c30_terseLabel_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration and evaluation costs </link:label>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract_label_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense Arising From Exploration For And Evaluation Of Mineral Resources [Abstract] </link:label>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract_documentation_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expense Arising From Exploration For And Evaluation Of Mineral Resources [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:href="bp-20231231.xsd#bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:to="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InventoryTypeDomain_c16004dc-2ae1-4d13-8105-85bd04042e47_terseLabel_en-US" xlink:label="lab_bp_InventoryTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventory Type [Domain] </link:label>
<link:label id="lab_bp_InventoryTypeDomain_label_en-US" xlink:label="lab_bp_InventoryTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory Type [Domain] </link:label>
<link:label id="lab_bp_InventoryTypeDomain_documentation_en-US" xlink:label="lab_bp_InventoryTypeDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Inventory Type [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InventoryTypeDomain" xlink:href="bp-20231231.xsd#bp_InventoryTypeDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InventoryTypeDomain" xlink:to="lab_bp_InventoryTypeDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_84312076-b336-47ef-b038-415d736d8be1_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Weighted average exercise price of share options outstanding in share-based payment arrangement </link:label>
<link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted average exercise price of share options outstanding in share-based payment arrangement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory_0dcffe4c-9916-4057-b747-2f34c1bfda47_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment of property, plant and equipment, intangible assets, and goodwill </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for impairment of assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory"/>
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<link:label id="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_8b248c06-edb4-4f90-801c-da306a5dbd12_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unused tax losses for which no deferred tax asset recognised </link:label>
<link:label id="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unused tax losses for which no deferred tax asset recognised </link:label>
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<link:label id="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [table] </link:label>
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<link:label id="lab_bp_EnvironmentalCostsRecognizedWeightedAverageRecognitionPeriod_494a6bfa-ec77-4bcf-aaac-994d9914131e_terseLabel_en-US" xlink:label="lab_bp_EnvironmentalCostsRecognizedWeightedAverageRecognitionPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Environmental expenditures and liabilities, weighted average recognition period </link:label>
<link:label id="lab_bp_EnvironmentalCostsRecognizedWeightedAverageRecognitionPeriod_label_en-US" xlink:label="lab_bp_EnvironmentalCostsRecognizedWeightedAverageRecognitionPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Environmental Costs Recognized, Weighted Average Recognition Period </link:label>
<link:label id="lab_bp_EnvironmentalCostsRecognizedWeightedAverageRecognitionPeriod_documentation_en-US" xlink:label="lab_bp_EnvironmentalCostsRecognizedWeightedAverageRecognitionPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Environmental Costs Recognized, Weighted Average Recognition Period </link:label>
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<link:label id="lab_us-gaap_NonUsMember_06ef79ac-b615-4e15-ab89-fd376eeda4e1_terseLabel_en-US" xlink:label="lab_us-gaap_NonUsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-US </link:label>
<link:label id="lab_us-gaap_NonUsMember_label_en-US" xlink:label="lab_us-gaap_NonUsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-US [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonUsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonUsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NonUsMember" xlink:to="lab_us-gaap_NonUsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock_4c7530f7-f4ed-4017-8ade-c23a8026501b_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of antidilutive securities </link:label>
<link:label id="lab_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTableTextBlock"/>
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<link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems_14b17e8e-7650-4e57-9e73-72308916f30d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of quantitative information about right-of-use assets [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of quantitative information about right-of-use assets [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems"/>
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<link:label id="lab_bp_ProvisionsRecognisedAsOfAcquisitionDate_9e6509a1-d5ad-44d8-b821-260de4490441_negatedTerseLabel_en-US" xlink:label="lab_bp_ProvisionsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Provisions recognised as of acquisition date </link:label>
<link:label id="lab_bp_ProvisionsRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bp_ProvisionsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions recognised as of acquisition date </link:label>
<link:label id="lab_bp_ProvisionsRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bp_ProvisionsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisions recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionsRecognisedAsOfAcquisitionDate" xlink:href="bp-20231231.xsd#bp_ProvisionsRecognisedAsOfAcquisitionDate"/>
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<link:label id="lab_ifrs-full_BusinessCombinationsAxis_5716807d-1b69-4133-979e-9de327710d12_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Business combinations [axis] </link:label>
<link:label id="lab_ifrs-full_BusinessCombinationsAxis_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Business combinations [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BusinessCombinationsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsAxis" xlink:to="lab_ifrs-full_BusinessCombinationsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearFour_70f88149-96bb-4416-b8e2-95879801cb93_terseLabel_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Four </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearFour_label_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Four </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearFour_documentation_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearFour" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Four </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedFutureBenefitPaymentYearFour" xlink:href="bp-20231231.xsd#bp_ExpectedFutureBenefitPaymentYearFour"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpectedFutureBenefitPaymentYearFour" xlink:to="lab_bp_ExpectedFutureBenefitPaymentYearFour" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureofemployeebenefitsAbstract_f72b2836-49f8-4b42-a750-8ea859dc0f5b_terseLabel_en-US" xlink:label="lab_bp_DisclosureofemployeebenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of employee benefits [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofemployeebenefitsAbstract_label_en-US" xlink:label="lab_bp_DisclosureofemployeebenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of employee benefits [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofemployeebenefitsAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureofemployeebenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of employee benefits [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofemployeebenefitsAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureofemployeebenefitsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureofemployeebenefitsAbstract" xlink:to="lab_bp_DisclosureofemployeebenefitsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_db33fa46-e3fe-4a58-ac45-1458ab89485e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income statement analysis </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of finance income (cost) [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasTable_52ce958e-abd8-4c05-a8c3-358b85a1fd7b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of geographical areas [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of geographical areas [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfGeographicalAreasTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfGeographicalAreasTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfGeographicalAreasTable" xlink:to="lab_ifrs-full_DisclosureOfGeographicalAreasTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3379GuaranteedNotesDue2061Member_667a8b88-301c-4019-9d38-8a534d68876f_terseLabel_en-US" xlink:label="lab_bp_A3379GuaranteedNotesDue2061Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.379% Guaranteed Notes due 2061 </link:label>
<link:label id="lab_bp_A3379GuaranteedNotesDue2061Member_label_en-US" xlink:label="lab_bp_A3379GuaranteedNotesDue2061Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.379% Guaranteed Notes due 2061 [Member] </link:label>
<link:label id="lab_bp_A3379GuaranteedNotesDue2061Member_documentation_en-US" xlink:label="lab_bp_A3379GuaranteedNotesDue2061Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.379% Guaranteed Notes due 2061 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3379GuaranteedNotesDue2061Member" xlink:href="bp-20231231.xsd#bp_A3379GuaranteedNotesDue2061Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3379GuaranteedNotesDue2061Member" xlink:to="lab_bp_A3379GuaranteedNotesDue2061Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_ee353768-a356-466c-896a-c2c958467316_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments in associates </link:label>
<link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_a5b6b2df-7933-4d1d-9115-9c0d3603d1f3_verboseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Group investment in associates </link:label>
<link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments in associates accounted for using equity method </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod"/>
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<link:label id="lab_bp_A2772GuaranteedNotesDue2050Member_d5050426-a77b-468f-b215-2975a0cf2de8_terseLabel_en-US" xlink:label="lab_bp_A2772GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2.772% Guaranteed Notes due 2050 </link:label>
<link:label id="lab_bp_A2772GuaranteedNotesDue2050Member_label_en-US" xlink:label="lab_bp_A2772GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 2.772% Guaranteed Notes due 2050 [Member] </link:label>
<link:label id="lab_bp_A2772GuaranteedNotesDue2050Member_documentation_en-US" xlink:label="lab_bp_A2772GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 2.772% Guaranteed Notes due 2050 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A2772GuaranteedNotesDue2050Member" xlink:href="bp-20231231.xsd#bp_A2772GuaranteedNotesDue2050Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A2772GuaranteedNotesDue2050Member" xlink:to="lab_bp_A2772GuaranteedNotesDue2050Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PaymentsOfDividends1Abstract_67014db0-97c6-4b80-9c63-fb167b99379e_terseLabel_en-US" xlink:label="lab_bp_PaymentsOfDividends1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends paid </link:label>
<link:label id="lab_bp_PaymentsOfDividends1Abstract_label_en-US" xlink:label="lab_bp_PaymentsOfDividends1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments Of Dividends 1 [Abstract] </link:label>
<link:label id="lab_bp_PaymentsOfDividends1Abstract_documentation_en-US" xlink:label="lab_bp_PaymentsOfDividends1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Payments Of Dividends 1 [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PaymentsOfDividends1Abstract" xlink:href="bp-20231231.xsd#bp_PaymentsOfDividends1Abstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PaymentsOfDividends1Abstract" xlink:to="lab_bp_PaymentsOfDividends1Abstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipment_f9eb2a4e-d6b0-478d-83b3-bd783d005cda_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipment_c40c45a5-3c81-4721-b475-56305fdb1430_verboseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount of oil and gas properties </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipment_43e93d32-643c-43cb-9f54-5f38f2fd2e89_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Beginning balance, property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipment_7398365e-6f13-4c2a-b14d-68b6a7f33253_periodEndLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Ending balance, property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting_0dcb0c7a-1be8-447f-87e3-de15d5992fd3_terseLabel_en-US" xlink:label="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative assets held for trading, before netting </link:label>
<link:label id="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting_label_en-US" xlink:label="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Assets Held For Trading, Before Netting </link:label>
<link:label id="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting_documentation_en-US" xlink:label="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Financial Assets Held For Trading, Before Netting </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting" xlink:href="bp-20231231.xsd#bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting" xlink:to="lab_bp_DerivativeFinancialAssetsHeldForTradingBeforeNetting" xlink:type="arc" order="1"/>
<link:label id="lab_country_OM_a95020dc-d307-467c-8b05-8504a5838bbb_terseLabel_en-US" xlink:label="lab_country_OM" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Oman </link:label>
<link:label id="lab_country_OM_label_en-US" xlink:label="lab_country_OM" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> OMAN </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_OM" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_OM"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_OM" xlink:to="lab_country_OM" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentPayablesAbstract_a694523e-01bb-4c1d-9050-d13d70bdc7a7_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current </link:label>
<link:label id="lab_ifrs-full_NoncurrentPayablesAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other non-current payables [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPayablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentPayablesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentPayablesAbstract" xlink:to="lab_ifrs-full_NoncurrentPayablesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices_414a4dc3-9c86-4be3-b708-71e66937b8aa_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional fees for prior year services </link:label>
<link:label id="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices_label_en-US" xlink:label="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration, Additional Fees For Prior Year Services </link:label>
<link:label id="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration, Additional Fees For Prior Year Services </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationAdditionalFeesForPriorYearServices"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices" xlink:to="lab_bp_AuditorsRemunerationAdditionalFeesForPriorYearServices" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashOutflowForLeases_6a124b37-d332-48ca-9a8c-908d696d4a7c_terseLabel_en-US" xlink:label="lab_ifrs-full_CashOutflowForLeases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total cash outflow for amounts included in lease liabilities </link:label>
<link:label id="lab_ifrs-full_CashOutflowForLeases_label_en-US" xlink:label="lab_ifrs-full_CashOutflowForLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash outflow for leases </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashOutflowForLeases" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashOutflowForLeases"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashOutflowForLeases" xlink:to="lab_ifrs-full_CashOutflowForLeases" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForSubsidiariesMember_e1db44b4-5631-475a-9c8a-b842c5cf28dc_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for subsidiaries [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForSubsidiariesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for subsidiaries [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForSubsidiariesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement_1591eeeb-c195-4b33-9d5b-9675d9ec2bb8_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Inflation Rate, Provisions, Impact On Income Statement </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement_label_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Inflation Rate, Provisions, Impact On Income Statement </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Inflation Rate, Provisions, Impact On Income Statement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement" xlink:to="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisionsImpactOnIncomeStatement" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember_30243349-2e34-4251-b267-d436a5d52475_terseLabel_en-US" xlink:label="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Later than twenty years and not later than thirty years </link:label>
<link:label id="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember_label_en-US" xlink:label="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than twenty years and not later than thirty years [Member] </link:label>
<link:label id="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember_documentation_en-US" xlink:label="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Later than twenty years and not later than thirty years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:href="bp-20231231.xsd#bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:to="lab_bp_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_ba489bb6-9ef7-4267-b813-a2a8a79dfd39_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Emoluments and short-term employee benefits </link:label>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key management personnel compensation, short-term employee benefits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_3bc3bc7a-5e54-476d-bf10-b18cf7bb8f70_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other tax rate effects for reconciliation between accounting profit and tax expense (income) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:to="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RevenueAndOtherOperatingIncomeGross_3c4d226a-1f2e-4903-b8d2-7f906126e9cc_terseLabel_en-US" xlink:label="lab_bp_RevenueAndOtherOperatingIncomeGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales and other operating revenues </link:label>
<link:label id="lab_bp_RevenueAndOtherOperatingIncomeGross_label_en-US" xlink:label="lab_bp_RevenueAndOtherOperatingIncomeGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue And Other Operating Income, Gross </link:label>
<link:label id="lab_bp_RevenueAndOtherOperatingIncomeGross_documentation_en-US" xlink:label="lab_bp_RevenueAndOtherOperatingIncomeGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Revenue And Other Operating Income, Gross </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RevenueAndOtherOperatingIncomeGross" xlink:href="bp-20231231.xsd#bp_RevenueAndOtherOperatingIncomeGross"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RevenueAndOtherOperatingIncomeGross" xlink:to="lab_bp_RevenueAndOtherOperatingIncomeGross" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock_b7c622e6-a17a-448f-a5a5-ed7ec7aa9fd0_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of disposal proceeds and principal gains and losses on disposals by segment </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Disposal Proceeds Explanatory [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Disposal Proceeds Explanatory [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationAboutDisposalProceedsExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration_a9c1f9b2-d3ba-4432-b961-58b1bbb3f1e6_terseLabel_en-US" xlink:label="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains on disposal, relating to fair value movements on deferred and contingent consideration </link:label>
<link:label id="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration_label_en-US" xlink:label="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains on disposal, relating to fair value movements on deferred and contingent consideration </link:label>
<link:label id="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration_documentation_en-US" xlink:label="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gains on disposal, relating to fair value movements on deferred and contingent consideration </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration" xlink:href="bp-20231231.xsd#bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration" xlink:to="lab_bp_GainsOnDisposalRelatingToFairValueMovementsOnDeferredAndContingentConsideration" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MedicalBenefitsClassActionSettlementMember_f1630a05-1e0b-4a60-a882-9248732e73d3_terseLabel_en-US" xlink:label="lab_bp_MedicalBenefitsClassActionSettlementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Medical Benefits Class Action Settlement </link:label>
<link:label id="lab_bp_MedicalBenefitsClassActionSettlementMember_label_en-US" xlink:label="lab_bp_MedicalBenefitsClassActionSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Medical Benefits Class Action Settlement [Member] </link:label>
<link:label id="lab_bp_MedicalBenefitsClassActionSettlementMember_documentation_en-US" xlink:label="lab_bp_MedicalBenefitsClassActionSettlementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Medical Benefits Class Action Settlement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MedicalBenefitsClassActionSettlementMember" xlink:href="bp-20231231.xsd#bp_MedicalBenefitsClassActionSettlementMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_MedicalBenefitsClassActionSettlementMember" xlink:to="lab_bp_MedicalBenefitsClassActionSettlementMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis_d523ecf6-5dc2-4088-89e7-8f105489a4dc_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Associates [axis] </link:label>
<link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Associates [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MovementInReserveOFChangeInValueOfForeignCurrencyBasisSpreadsAbstract_4ea08fd8-9f5b-42d1-8d2a-36a6825a2849_terseLabel_en-US" xlink:label="lab_bp_MovementInReserveOFChangeInValueOfForeignCurrencyBasisSpreadsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Movement in costs of hedging reserve </link:label>
<link:label id="lab_bp_MovementInReserveOFChangeInValueOfForeignCurrencyBasisSpreadsAbstract_label_en-US" xlink:label="lab_bp_MovementInReserveOFChangeInValueOfForeignCurrencyBasisSpreadsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Movement In Reserve OF Change In Value Of Foreign Currency Basis Spreads [Abstract] </link:label>
<link:label id="lab_bp_MovementInReserveOFChangeInValueOfForeignCurrencyBasisSpreadsAbstract_documentation_en-US" xlink:label="lab_bp_MovementInReserveOFChangeInValueOfForeignCurrencyBasisSpreadsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Movement In Reserve OF Change In Value Of Foreign Currency Basis Spreads [Abstract] </link:label>
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<link:label id="lab_bp_PlanAssetCategories1Member_documentation_en-US" xlink:label="lab_bp_PlanAssetCategories1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Plan Asset Categories 1 [Member] </link:label>
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<link:label id="lab_bp_LongTermTaxableBondsMember_a41d625a-e008-4d39-b321-2a5dec0ecac1_terseLabel_en-US" xlink:label="lab_bp_LongTermTaxableBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-Term Taxable Bonds </link:label>
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<link:label id="lab_bp_LongTermTaxableBondsMember_documentation_en-US" xlink:label="lab_bp_LongTermTaxableBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long-Term Taxable Bonds [Member] </link:label>
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<link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_93274d12-53b1-41c4-8141-fdbc5f595bd1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of disaggregation of revenue from contracts with customers [line items] </link:label>
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<link:label id="lab_ifrs-full_VehiclesMember_ccdb20ba-58e4-43dd-8821-9271ab40e76a_terseLabel_en-US" xlink:label="lab_ifrs-full_VehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transportation </link:label>
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<link:label id="lab_ifrs-full_InterestCostsCapitalised_96132ed8-296f-4153-a363-76cc844b7086_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestCostsCapitalised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest costs capitalised </link:label>
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<link:label id="lab_ifrs-full_FinancialInstrumentsCreditimpairedMember_160547b6-8894-4896-9e38-31a3f915c09c_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit impaired </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsCreditimpairedMember_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial instruments credit-impaired [member] </link:label>
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<link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_dddc359a-9be1-4191-beb8-d8f435f9fc6e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities, at fair value </link:label>
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<link:label id="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_f2f1806d-c73e-4fdb-b465-db979679c142_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Pensions and other post-retirement benefits </link:label>
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<link:label id="lab_bp_BPExplorationOperatingCompanyMember_11e67b10-0be0-4fd9-886c-181e98dd2265_terseLabel_en-US" xlink:label="lab_bp_BPExplorationOperatingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Exploration Operating Company Limited </link:label>
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<link:label id="lab_bp_BPExplorationOperatingCompanyMember_documentation_en-US" xlink:label="lab_bp_BPExplorationOperatingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Exploration Operating Company [Member] </link:label>
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<link:label id="lab_bp_GainsLossesOnFinancialAssetsLiabiltiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_c7a75c07-3bc1-44a1-888d-015779c45e42_terseLabel_en-US" xlink:label="lab_bp_GainsLossesOnFinancialAssetsLiabiltiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains (losses) recognized in the income statement </link:label>
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<link:label id="lab_ifrs-full_ComprehensiveIncome_606da171-dd2b-40ea-9c70-21c7207c80ab_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total comprehensive income </link:label>
<link:label id="lab_ifrs-full_ComprehensiveIncome_a3799c56-8242-41ce-a21a-8c156bc7cd75_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total comprehensive income </link:label>
<link:label id="lab_ifrs-full_ComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComprehensiveIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashAndCashEquivalents_d9d6754a-53be-479f-aea5-b63ddd1293b0_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalents_a700e9dc-c242-47e6-a51e-5b6acba1173d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents at beginning of year </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalents_8b3996cf-a36e-42a3-bc3c-b719d41fd69d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents at end of year </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalents_66c40ccd-4b84-430e-bb61-762e3bedb302_totalLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total cash and cash equivalents </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalents_393c1941-530b-4197-b1f3-f49554d4f9e2_verboseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Less: cash and cash equivalents </link:label>
<link:label id="lab_ifrs-full_CashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashAndCashEquivalents"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting_b51ec26e-c969-4262-8d5a-e0979704ea3f_terseLabel_en-US" xlink:label="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term price assumptions used in value-in-use impairment testing </link:label>
<link:label id="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting_label_en-US" xlink:label="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term price assumptions used in value-in-use impairment testing </link:label>
<link:label id="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting_documentation_en-US" xlink:label="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long-term price assumptions used in value-in-use impairment testing </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:href="bp-20231231.xsd#bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:to="lab_bp_LongTermPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts_45949123-20a5-4d3e-a95d-c918a14058ea_terseLabel_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inflation for plan service costb </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts_label_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Expected Rates Of Inflation For Plan Service Costs </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts_documentation_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Expected Rates Of Inflation For Plan Service Costs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts" xlink:href="bp-20231231.xsd#bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts" xlink:to="lab_bp_ActuarialAssumptionOfExpectedRatesOfInflationForPlanServiceCosts" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentAnnualReport_7a1633cd-a857-448d-81c6-8a456eaf5f91_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Annual Report </link:label>
<link:label id="lab_dei_DocumentAnnualReport_label_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Annual Report </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAnnualReport" xlink:to="lab_dei_DocumentAnnualReport" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_1f334195-8945-40a3-9ef4-89019f1c364a_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners </link:label>
<link:label id="lab_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_label_en-US" xlink:label="lab_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="lab_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentLiabilities_944f01a2-ff04-405e-bb2b-3f50865f6ecb_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Non-current liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentLiabilities_6da07720-c5c9-4543-884f-7696cf7f8323_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Non-current liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentLiabilities_8ce882ac-0e6d-4ff8-933d-97f3b9c2e08a_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities" xlink:to="lab_ifrs-full_NoncurrentLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows_88e31db2-0e56-4c18-aba0-175a7313b610_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial liabilities, undiscounted cash flows </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative financial liabilities, undiscounted cash flows </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LoanCommitmentsMember_1c8f08cb-573e-49a6-889e-388e61c70887_terseLabel_en-US" xlink:label="lab_ifrs-full_LoanCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:label id="lab_ifrs-full_LoanCommitmentsMember_label_en-US" xlink:label="lab_ifrs-full_LoanCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loan commitments [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoanCommitmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LoanCommitmentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoanCommitmentsMember" xlink:to="lab_ifrs-full_LoanCommitmentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock_79b3d426-eb24-4847-9e21-d17ec6a97587_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Detailed information about exploration and evaluation assets </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Exploration And Evaluation Assets [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Exploration And Evaluation Assets [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RatioOfIndebtednessToNetCapital11_cff9f8ed-8720-4918-99c1-5be67e07619a_terseLabel_en-US" xlink:label="lab_bp_RatioOfIndebtednessToNetCapital11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gearing </link:label>
<link:label id="lab_bp_RatioOfIndebtednessToNetCapital11_label_en-US" xlink:label="lab_bp_RatioOfIndebtednessToNetCapital11" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ratio Of Indebtedness To Net Capital1 1 </link:label>
<link:label id="lab_bp_RatioOfIndebtednessToNetCapital11_documentation_en-US" xlink:label="lab_bp_RatioOfIndebtednessToNetCapital11" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Ratio Of Indebtedness To Net Capital1 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RatioOfIndebtednessToNetCapital11" xlink:href="bp-20231231.xsd#bp_RatioOfIndebtednessToNetCapital11"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RatioOfIndebtednessToNetCapital11" xlink:to="lab_bp_RatioOfIndebtednessToNetCapital11" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_MaterialReconcilingItemsMember_c7bab1e5-9802-4443-9be1-a121f4911056_terseLabel_en-US" xlink:label="lab_ifrs-full_MaterialReconcilingItemsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Material reconciling items [member] </link:label>
<link:label id="lab_ifrs-full_MaterialReconcilingItemsMember_label_en-US" xlink:label="lab_ifrs-full_MaterialReconcilingItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Material reconciling items [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaterialReconcilingItemsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MaterialReconcilingItemsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaterialReconcilingItemsMember" xlink:to="lab_ifrs-full_MaterialReconcilingItemsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Assets_e4604548-bbdf-4ca7-b8cb-51a4889ebf8d_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total assets </link:label>
<link:label id="lab_ifrs-full_Assets_538e1f1f-e5f0-483f-bdeb-24e4428172d8_terseLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Assets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
<link:label id="lab_country_US_240ac4d3-0eb8-489b-b04c-f926c4a286df_terseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> US </link:label>
<link:label id="lab_country_US_label_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> UNITED STATES </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_US" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_US"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US" xlink:to="lab_country_US" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_e9976226-327a-4740-9969-b551f47690d8_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfers from intangible assets </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through transfers and other changes, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_4ec1f682-d862-44fb-861d-5002e29fde05_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short term employee benefits, for loss of office </link:label>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key management personnel compensation, termination benefits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrencyAndInterestRateRiskMember_a826eca1-9ff6-45af-a697-448a4d85c542_verboseLabel_en-US" xlink:label="lab_bp_CurrencyAndInterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Currency and interest rate risk </link:label>
<link:label id="lab_bp_CurrencyAndInterestRateRiskMember_07c0e3a0-9341-43f2-91fb-5a777ca1bd50_terseLabel_en-US" xlink:label="lab_bp_CurrencyAndInterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate and foreign currency risk on finance debt </link:label>
<link:label id="lab_bp_CurrencyAndInterestRateRiskMember_label_en-US" xlink:label="lab_bp_CurrencyAndInterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency And Interest Rate Risk [Member] </link:label>
<link:label id="lab_bp_CurrencyAndInterestRateRiskMember_documentation_en-US" xlink:label="lab_bp_CurrencyAndInterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currency And Interest Rate Risk [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrencyAndInterestRateRiskMember" xlink:href="bp-20231231.xsd#bp_CurrencyAndInterestRateRiskMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrencyAndInterestRateRiskMember" xlink:to="lab_bp_CurrencyAndInterestRateRiskMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_3a9b2b03-d751-4066-ad2b-e91cb65706a8_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Production and similar taxes </link:label>
<link:label id="lab_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_label_en-US" xlink:label="lab_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax expense other than income tax expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:to="lab_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember_20fed548-584c-4a87-8ec5-023ccec9f409_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration and appraisal expenditure </link:label>
<link:label id="lab_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember_label_en-US" xlink:label="lab_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible exploration and evaluation assets [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleExplorationAndEvaluationAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember" xlink:to="lab_ifrs-full_IntangibleExplorationAndEvaluationAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares_41ffb156-8595-4252-aec8-4f3fc3b3a8d8_terseLabel_en-US" xlink:label="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Percentage of nominal cumulative preference shares </link:label>
<link:label id="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares_label_en-US" xlink:label="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Issued Capital, Percentage Of Nominal Cumulative Preference Shares </link:label>
<link:label id="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares_documentation_en-US" xlink:label="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Issued Capital, Percentage Of Nominal Cumulative Preference Shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares" xlink:href="bp-20231231.xsd#bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares" xlink:to="lab_bp_IssuedCapitalPercentageOfNominalCumulativePreferenceShares" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Surplusdeficitinplanliabilityrecognized_1f5d8292-ef1d-437c-9273-5f57366b35e6_terseLabel_en-US" xlink:label="lab_bp_Surplusdeficitinplanliabilityrecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan, liability recognized </link:label>
<link:label id="lab_bp_Surplusdeficitinplanliabilityrecognized_label_en-US" xlink:label="lab_bp_Surplusdeficitinplanliabilityrecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan, liability recognized </link:label>
<link:label id="lab_bp_Surplusdeficitinplanliabilityrecognized_documentation_en-US" xlink:label="lab_bp_Surplusdeficitinplanliabilityrecognized" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan, liability recognized </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Surplusdeficitinplanliabilityrecognized" xlink:href="bp-20231231.xsd#bp_Surplusdeficitinplanliabilityrecognized"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Surplusdeficitinplanliabilityrecognized" xlink:to="lab_bp_Surplusdeficitinplanliabilityrecognized" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff_eb09b568-f125-4b56-9fd2-4c5b08afe2c0_terseLabel_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration expenditure written off </link:label>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff_label_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense Arising From Exploration For And Evaluation Of Mineral Resources, Write-Off </link:label>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff_documentation_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expense Arising From Exploration For And Evaluation Of Mineral Resources, Write-Off </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff" xlink:href="bp-20231231.xsd#bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff" xlink:to="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesWriteOff" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied_386ed0dd-5c30-4f4e-b774-53f0e0c7b39f_negatedLabel_en-US" xlink:label="lab_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges transferred to the balance sheet </link:label>
<link:label id="lab_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied_label_en-US" xlink:label="lab_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amount removed from reserve of cash flow hedges and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied" xlink:to="lab_ifrs-full_AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_ecec5ae0-e2fc-4ed3-8f89-9e4bb37d7e44_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Current tax </link:label>
<link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current tax expense (income) and adjustments for current tax of prior periods </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_e9acd843-95e1-480e-bae5-69d654c54a3d_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reserve of exchange differences on translation [member] </link:label>
<link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reserve of exchange differences on translation [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NotionalAmount_dbf79661-0a10-4c34-b067-af8d2066f39c_terseLabel_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Notional amount </link:label>
<link:label id="lab_ifrs-full_NotionalAmount_b734c8b0-148a-4d66-a4ae-324ec0d9cec1_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Nominal amounts of hedging instruments </link:label>
<link:label id="lab_ifrs-full_NotionalAmount_label_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Notional amount </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotionalAmount" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NotionalAmount"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotionalAmount" xlink:to="lab_ifrs-full_NotionalAmount" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments_a001b230-1294-4882-9ac2-c751f7882e72_terseLabel_en-US" xlink:label="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Index linked bonds under liability driven investments </link:label>
<link:label id="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments_label_en-US" xlink:label="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Index Linked Bonds Under Liability Driven Investments </link:label>
<link:label id="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments_documentation_en-US" xlink:label="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Index Linked Bonds Under Liability Driven Investments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments" xlink:href="bp-20231231.xsd#bp_IndexLinkedBondsUnderLiabilityDrivenInvestments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments" xlink:to="lab_bp_IndexLinkedBondsUnderLiabilityDrivenInvestments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForJointOperationsMember_febf3cca-5c2b-4c23-a245-eb9b304e5919_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForJointOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for joint operations [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForJointOperationsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForJointOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for joint operations [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForJointOperationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForJointOperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForJointOperationsMember" xlink:to="lab_ifrs-full_EntitysTotalForJointOperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_436302f9-cf81-46a3-b791-d20c0e7e842a_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consideration transferred, acquisition-date fair value </link:label>
<link:label id="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_label_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consideration transferred, acquisition-date fair value </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_b2b2b1d5-350e-46b7-9805-a4685ef043f1_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) financing activities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax_31c5dd1d-f1a3-4381-980a-ffd939bf504b_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges that will subsequently be transferred to the balance sheet </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax_bfb875b8-58f8-4884-bcf4-05201055da0f_verboseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges that will subsequently be transferred to the balance sheet, Pre-tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Before Tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Before Tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:to="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet_2ca7b3ef-0e56-49fe-bfa6-3927764a8532_totalLabel_en-US" xlink:label="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net fair value </link:label>
<link:label id="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet_label_en-US" xlink:label="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Assets (Liabilities) Held For Trading, Net </link:label>
<link:label id="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet_documentation_en-US" xlink:label="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Financial Assets (Liabilities) Held For Trading, Net </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet" xlink:href="bp-20231231.xsd#bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet" xlink:to="lab_bp_DerivativeFinancialAssetsLiabilitiesHeldForTradingNet" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_ad538e5a-78cf-41dd-adf7-57db9c9a3e3a_terseLabel_en-US" xlink:label="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash collateral (received) pledged </link:label>
<link:label id="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory_2e3509bc-0012-474f-bb76-9d96df2dc941_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration for and evaluation of oil and natural gas resources </link:label>
<link:label id="lab_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of exploration and evaluation assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BondTypesDomain_c156a6a2-0aa8-4273-8d31-9cd9f9c1ccdb_terseLabel_en-US" xlink:label="lab_bp_BondTypesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Bond types [Domain] </link:label>
<link:label id="lab_bp_BondTypesDomain_label_en-US" xlink:label="lab_bp_BondTypesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Bond types [Domain] </link:label>
<link:label id="lab_bp_BondTypesDomain_documentation_en-US" xlink:label="lab_bp_BondTypesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Bond types </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BondTypesDomain" xlink:href="bp-20231231.xsd#bp_BondTypesDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BondTypesDomain" xlink:to="lab_bp_BondTypesDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill_800a2826-8321-4709-834c-bdde45feb844_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Reclassified as assets held for sale </link:label>
<link:label id="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease through classified as held for sale, intangible assets and goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_642a7374-6d07-4799-9eaf-1554323030b8_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charge for the year </link:label>
<link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesAbstract_fe5e4bbe-2a94-4f9a-9aba-fb2a66726729_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesAbstract_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other current payables [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentPayablesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayablesAbstract" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayablesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialAssets_85a9919a-420f-4d2c-a292-dfbe092d863a_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialAssets_932c9ccc-dfd7-4510-a6ab-1e1df17f9594_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Non-current derivatives, Fair value assets </link:label>
<link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current derivative financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentDerivativeFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:to="lab_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IssuedCapitalMember_abbfcfd6-7241-4b11-8305-556f919257ef_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issued capital [member] </link:label>
<link:label id="lab_ifrs-full_IssuedCapitalMember_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Issued capital [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IssuedCapitalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract_dd1d6766-55c3-49db-a111-de67477c6c23_terseLabel_en-US" xlink:label="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Analysis of the amount charged to profit or loss </link:label>
<link:label id="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract_label_en-US" xlink:label="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Employee Benefits Amount Charged To Profit (Loss) Before Interest And Taxation [Abstract] </link:label>
<link:label id="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract_documentation_en-US" xlink:label="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Employee Benefits Amount Charged To Profit (Loss) Before Interest And Taxation [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract" xlink:href="bp-20231231.xsd#bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract" xlink:to="lab_bp_EmployeeBenefitsAmountChargedToProfitLossBeforeInterestAndTaxationAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CleanWaterActPenaltiesMember_e0a75304-26da-4301-b33f-9182cbb4b5e4_terseLabel_en-US" xlink:label="lab_bp_CleanWaterActPenaltiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Clean Water Act Penalties </link:label>
<link:label id="lab_bp_CleanWaterActPenaltiesMember_label_en-US" xlink:label="lab_bp_CleanWaterActPenaltiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Clean Water Act Penalties [Member] </link:label>
<link:label id="lab_bp_CleanWaterActPenaltiesMember_documentation_en-US" xlink:label="lab_bp_CleanWaterActPenaltiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Clean Water Act Penalties [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CleanWaterActPenaltiesMember" xlink:href="bp-20231231.xsd#bp_CleanWaterActPenaltiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CleanWaterActPenaltiesMember" xlink:to="lab_bp_CleanWaterActPenaltiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract_37ae2c73-caee-4bb2-b682-1049f368e230_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdditionalInformationAbstract_73900cb1-a525-44b3-b819-29d36a941515_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionalInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional information [abstract] </link:label>
<link:label id="lab_ifrs-full_AdditionalInformationAbstract_label_en-US" xlink:label="lab_ifrs-full_AdditionalInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additional information [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionalInformationAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdditionalInformationAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionalInformationAbstract" xlink:to="lab_ifrs-full_AdditionalInformationAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_413dfc58-8795-4bc2-8870-f5848f7bf7b3_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2 to 3 years </link:label>
<link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_99553ca6-aca2-4618-8b72-123f3b635790_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> 2-3 years </link:label>
<link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than two years and not later than three years [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_country_TT_28783a19-cade-4517-a277-3e7a14128953_terseLabel_en-US" xlink:label="lab_country_TT" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trinidad and Tobago </link:label>
<link:label id="lab_country_TT_label_en-US" xlink:label="lab_country_TT" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> TRINIDAD AND TOBAGO </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_TT" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_TT"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_TT" xlink:to="lab_country_TT" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityCurrentReportingStatus_4caa9165-4ac5-4d36-9b91-98b6667a3ae7_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Current Reporting Status </link:label>
<link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Current Reporting Status </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherNoncurrentPayables_91164b83-a4f5-49a7-8b82-eb9f80697d84_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other non-current payables </link:label>
<link:label id="lab_ifrs-full_OtherNoncurrentPayables_label_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other non-current payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherNoncurrentPayables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNoncurrentPayables" xlink:to="lab_ifrs-full_OtherNoncurrentPayables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember_560417e4-7d95-43d7-8989-5e7f75d3f18f_terseLabel_en-US" xlink:label="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Oil depots, storage tanks and service stations </link:label>
<link:label id="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember_label_en-US" xlink:label="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Oil And Gas Assets, Depots, Tanks, And Service Stations [Member] </link:label>
<link:label id="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember_documentation_en-US" xlink:label="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Oil And Gas Assets, Depots, Tanks, And Service Stations [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember" xlink:href="bp-20231231.xsd#bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember" xlink:to="lab_bp_OilAndGasAssetsDepotsTanksAndServiceStationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany_248058b9-5f5c-4cf5-b756-cdc932debd81_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> The audit of accounts of subsidiaries of the company </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Audit Of Accounts Of Subsidiaries Of The Company </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Audit Of Accounts Of Subsidiaries Of The Company </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForAuditServicesAuditOfAccountsOfSubsidiariesOfTheCompany"/>
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<link:label id="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_d59d01c1-71b1-45c3-975a-7aa0d2069b8a_totalLabel_en-US" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net asset amount </link:label>
<link:label id="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_label_en-US" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements </link:label>
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<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_c45f2673-b18c-466d-aebc-dcf3a658d39c_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment recognised as of acquisition date </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock_1c603ca8-5e66-4f13-add3-fa19e175787d_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of revenue from contracts with customers, by product </link:label>
<link:label id="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of revenue from contracts with customers and other revenue [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of revenue from contracts with customers and other revenue </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock" xlink:to="lab_bp_DisclosureOfRevenueFromContractsWithCustomersAndOtherRevenueTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EventsAfterReportingPeriodAbstract_2ba46363-0749-499f-b3d4-aa457a9438fd_terseLabel_en-US" xlink:label="lab_bp_EventsAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Events after reporting period [Abstract] </link:label>
<link:label id="lab_bp_EventsAfterReportingPeriodAbstract_label_en-US" xlink:label="lab_bp_EventsAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Events after reporting period [Abstract] </link:label>
<link:label id="lab_bp_EventsAfterReportingPeriodAbstract_documentation_en-US" xlink:label="lab_bp_EventsAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Events after reporting period [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EventsAfterReportingPeriodAbstract" xlink:href="bp-20231231.xsd#bp_EventsAfterReportingPeriodAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EventsAfterReportingPeriodAbstract" xlink:to="lab_bp_EventsAfterReportingPeriodAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_WeightedAverageShares_810e7585-a23e-4c9b-84ac-d2af04c49aaf_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basic weighted average number of ordinary shares (in shares) </link:label>
<link:label id="lab_ifrs-full_WeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted average number of ordinary shares used in calculating basic earnings per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WeightedAverageShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageShares" xlink:to="lab_ifrs-full_WeightedAverageShares" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares_3ea06b67-8f80-48c2-a586-37c7ef010ad2_terseLabel_en-US" xlink:label="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Percentage of number of shares held in treasury </link:label>
<link:label id="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares_label_en-US" xlink:label="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Percentage Of Treasury Shares to Called-Up Ordinary Shares </link:label>
<link:label id="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares_documentation_en-US" xlink:label="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Percentage Of Treasury Shares to Called-Up Ordinary Shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares" xlink:href="bp-20231231.xsd#bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares" xlink:to="lab_bp_PercentageOfTreasurySharestoCalledUpOrdinaryShares" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherReceivablesMember_81d4f680-f18a-41ea-bcea-6ed88617ca4c_terseLabel_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables </link:label>
<link:label id="lab_bp_TradeAndOtherReceivablesMember_label_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Receivables [Member] </link:label>
<link:label id="lab_bp_TradeAndOtherReceivablesMember_documentation_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Receivables [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherReceivablesMember" xlink:href="bp-20231231.xsd#bp_TradeAndOtherReceivablesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherReceivablesMember" xlink:to="lab_bp_TradeAndOtherReceivablesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_UnusedTaxLossesMember_8843d8b9-c525-45a5-af80-d1de6739c1ff_verboseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Loss carry forward </link:label>
<link:label id="lab_ifrs-full_UnusedTaxLossesMember_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unused tax losses [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxLossesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UnusedTaxLossesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedTaxLossesMember" xlink:to="lab_ifrs-full_UnusedTaxLossesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock_ed32efe6-7386-435f-94a0-2744300c5d8f_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of the net debt ratio </link:label>
<link:label id="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of The Net Debt Ratio [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of The Net Debt Ratio [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfTheNetDebtRatioTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfTheNetDebtRatioTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfTheNetDebtRatioTableTextBlock" xlink:to="lab_bp_DisclosureOfTheNetDebtRatioTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory_5d8f2a2b-f0e0-409f-8624-85efc109fb56_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customs duties and sales taxes </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for taxes other than income tax [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_e949e9ae-7169-48b6-892c-ed75657f47c9_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_f6d896c1-ef41-40fe-b432-fd6a443e17cf_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Non-current derivatives, Fair value liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current derivative financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForProvisions_e04fd694-fe7b-4958-ac41-5bb18c3f11eb_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net charge for provisions, less payments </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForProvisions_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForProvisions" xlink:to="lab_ifrs-full_AdjustmentsForProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_b0795c9b-5b02-4165-acf0-9df0c83de8f9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of defined benefit plans </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of defined benefit plans [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_country_SN_eb8e083d-0140-4946-b63a-2be109fce57a_terseLabel_en-US" xlink:label="lab_country_SN" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senegal </link:label>
<link:label id="lab_country_SN_label_en-US" xlink:label="lab_country_SN" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> SENEGAL </link:label>
<link:loc xlink:type="locator" xlink:label="loc_country_SN" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_SN"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_SN" xlink:to="lab_country_SN" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems_c4e282e5-ae7b-49e2-8a7f-9e168de83f32_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of impairment loss and reversal of impairment loss [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of impairment loss and reversal of impairment loss [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:to="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CrossCurrencyInterestRateSwapsMember_49d9cca0-9521-4bcc-8b1c-d3ba63950527_terseLabel_en-US" xlink:label="lab_bp_CrossCurrencyInterestRateSwapsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cross-currency interest rate swaps </link:label>
<link:label id="lab_bp_CrossCurrencyInterestRateSwapsMember_label_en-US" xlink:label="lab_bp_CrossCurrencyInterestRateSwapsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cross-currency interest rate swaps [Member] </link:label>
<link:label id="lab_bp_CrossCurrencyInterestRateSwapsMember_documentation_en-US" xlink:label="lab_bp_CrossCurrencyInterestRateSwapsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cross-currency interest rate swaps </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CrossCurrencyInterestRateSwapsMember" xlink:href="bp-20231231.xsd#bp_CrossCurrencyInterestRateSwapsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CrossCurrencyInterestRateSwapsMember" xlink:to="lab_bp_CrossCurrencyInterestRateSwapsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EffectOfLeaseDiscounting_8c483cc2-3ecc-42fb-9880-ad1ede038889_negatedTerseLabel_en-US" xlink:label="lab_bp_EffectOfLeaseDiscounting" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Effect Of Lease Discounting </link:label>
<link:label id="lab_bp_EffectOfLeaseDiscounting_label_en-US" xlink:label="lab_bp_EffectOfLeaseDiscounting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Effect Of Lease Discounting </link:label>
<link:label id="lab_bp_EffectOfLeaseDiscounting_documentation_en-US" xlink:label="lab_bp_EffectOfLeaseDiscounting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Effect Of Lease Discounting </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EffectOfLeaseDiscounting" xlink:href="bp-20231231.xsd#bp_EffectOfLeaseDiscounting"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EffectOfLeaseDiscounting" xlink:to="lab_bp_EffectOfLeaseDiscounting" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_c60a392c-9644-4ef9-8c5a-6ac140cca592_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of terms and conditions of share-based payment arrangement [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of terms and conditions of share-based payment arrangement [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices_c53245db-ef7f-4e89-af17-9d8dea8f1afa_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Audit-related assurance services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices_9c6e8a32-161d-4589-8d36-932783387dc3_verboseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Interim audit-related assurance services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Interim And Other Services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Interim And Other Services </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:to="lab_bp_AuditorsRemunerationForAuditServicesInterimAndOtherServices" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgedItemLiabilities_e973017a-4e2d-409e-a1c5-d6cc403718bf_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_HedgedItemLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Hedged item, liabilities </link:label>
<link:label id="lab_ifrs-full_HedgedItemLiabilities_label_en-US" xlink:label="lab_ifrs-full_HedgedItemLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedged item, liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgedItemLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgedItemLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgedItemLiabilities" xlink:to="lab_ifrs-full_HedgedItemLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_d83cd24d-97a7-4b67-82fc-281fa2f0b993_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected aggregate contributions </link:label>
<link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_label_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Estimate of contributions expected to be paid to plan for next annual reporting period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DiscontinuedOperationsMember_69296158-f824-4638-8675-cc4f9c28eb41_terseLabel_en-US" xlink:label="lab_ifrs-full_DiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discontinued operations [member] </link:label>
<link:label id="lab_ifrs-full_DiscontinuedOperationsMember_label_en-US" xlink:label="lab_ifrs-full_DiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Discontinued operations [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DiscontinuedOperationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DiscontinuedOperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DiscontinuedOperationsMember" xlink:to="lab_ifrs-full_DiscontinuedOperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfExternalCreditExposuresTable_5563d0fc-3a33-46fe-9345-a1c1324c00ca_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of external credit grades [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfExternalCreditExposuresTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of external credit grades [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfExternalCreditExposuresTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:to="lab_ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents_66e77347-831d-4a02-970e-d7f09c038243_terseLabel_en-US" xlink:label="lab_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Triparty repos and term bank deposits </link:label>
<link:label id="lab_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term deposits, classified as cash equivalents </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:to="lab_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_4ff632aa-f298-495d-b3db-ab6a8b2b9d65_negatedLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges reclassified to the income statement </link:label>
<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_11166ea4-8b49-4588-ba20-05759323af96_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges reclassified to the income statement - hedged item affected profit or loss </link:label>
<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reclassification adjustments on cash flow hedges, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SubsequentEventType1Domain_371a90f4-a4ff-4bd5-94a2-9a3e602dcbdf_terseLabel_en-US" xlink:label="lab_bp_SubsequentEventType1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type [Domain] </link:label>
<link:label id="lab_bp_SubsequentEventType1Domain_label_en-US" xlink:label="lab_bp_SubsequentEventType1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type 1 [Domain] </link:label>
<link:label id="lab_bp_SubsequentEventType1Domain_documentation_en-US" xlink:label="lab_bp_SubsequentEventType1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Subsequent Event Type 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SubsequentEventType1Domain" xlink:href="bp-20231231.xsd#bp_SubsequentEventType1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SubsequentEventType1Domain" xlink:to="lab_bp_SubsequentEventType1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgedItemsAxis_d877fb34-4db8-479b-9ae4-d16d732aebff_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgedItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedged items [axis] </link:label>
<link:label id="lab_ifrs-full_HedgedItemsAxis_label_en-US" xlink:label="lab_ifrs-full_HedgedItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedged items [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgedItemsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgedItemsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgedItemsAxis" xlink:to="lab_ifrs-full_HedgedItemsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_2450c2b1-76ca-4c87-bb15-80a211adc545_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current liabilities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLiabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3001GuaranteedNotesDue2052Member_e24098e3-952e-4a1f-b7e2-794d626079c4_terseLabel_en-US" xlink:label="lab_bp_A3001GuaranteedNotesDue2052Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.001% Guaranteed Notes due 2052 </link:label>
<link:label id="lab_bp_A3001GuaranteedNotesDue2052Member_label_en-US" xlink:label="lab_bp_A3001GuaranteedNotesDue2052Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.001% Guaranteed Notes due 2052 [Member] </link:label>
<link:label id="lab_bp_A3001GuaranteedNotesDue2052Member_documentation_en-US" xlink:label="lab_bp_A3001GuaranteedNotesDue2052Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.001% Guaranteed Notes due 2052 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3001GuaranteedNotesDue2052Member" xlink:href="bp-20231231.xsd#bp_A3001GuaranteedNotesDue2052Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3001GuaranteedNotesDue2052Member" xlink:to="lab_bp_A3001GuaranteedNotesDue2052Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Borrowings1Member_e9e1f731-95af-4287-b085-843dbe0c6143_terseLabel_en-US" xlink:label="lab_bp_Borrowings1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:label id="lab_bp_Borrowings1Member_label_en-US" xlink:label="lab_bp_Borrowings1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings 1 [Member] </link:label>
<link:label id="lab_bp_Borrowings1Member_documentation_en-US" xlink:label="lab_bp_Borrowings1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Borrowings1Member" xlink:href="bp-20231231.xsd#bp_Borrowings1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Borrowings1Member" xlink:to="lab_bp_Borrowings1Member" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityVoluntaryFilers_b3880190-9746-4a6f-80c6-61495b416a33_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Voluntary Filers </link:label>
<link:label id="lab_dei_EntityVoluntaryFilers_label_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Voluntary Filers </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_3f806cdb-1e02-453e-b061-56d707e715f9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Significant accounting policies, judgements, estimates and assumptions </link:label>
<link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of material accounting policy information [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StatementTableLineItems_96f5695a-3059-4d86-84d4-c02fd0fb2d4d_terseLabel_en-US" xlink:label="lab_bp_StatementTableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement Table [Line Items] </link:label>
<link:label id="lab_bp_StatementTableLineItems_label_en-US" xlink:label="lab_bp_StatementTableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement Table [Line Items] </link:label>
<link:label id="lab_bp_StatementTableLineItems_documentation_en-US" xlink:label="lab_bp_StatementTableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Line Items] for Statement Table [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StatementTableLineItems" xlink:href="bp-20231231.xsd#bp_StatementTableLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StatementTableLineItems" xlink:to="lab_bp_StatementTableLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax_7e530a88-dba1-4aac-a0dc-84c347a4b26e_negatedTerseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges that will subsequently be transferred to the balance sheet, Tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax" xlink:to="lab_bp_OtherComprehensiveIncomeCashFlowHedgesToBeTransferredToBalanceSheetTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded_7c5d893b-cdc5-4154-8abc-3c82e0ee7ef1_terseLabel_en-US" xlink:label="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Period in which maximum value at risk was not exceeded </link:label>
<link:label id="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded_label_en-US" xlink:label="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Value At Risk, Period In Which Maximum Was Not Exceeded </link:label>
<link:label id="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded_documentation_en-US" xlink:label="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Value At Risk, Period In Which Maximum Was Not Exceeded </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded" xlink:href="bp-20231231.xsd#bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded" xlink:to="lab_bp_ValueAtRiskPeriodInWhichMaximumWasNotExceeded" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsPaidOtherShares_f9871769-7876-44b8-b865-c307fb71ac43_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOtherShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends paid, other than ordinary shares </link:label>
<link:label id="lab_ifrs-full_DividendsPaidOtherShares_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOtherShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends paid, other shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOtherShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsPaidOtherShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOtherShares" xlink:to="lab_ifrs-full_DividendsPaidOtherShares" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ConsiderationPaidReceived_d1e51330-4094-490e-ad92-0e6b499b83b1_terseLabel_en-US" xlink:label="lab_ifrs-full_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consideration paid (received) </link:label>
<link:label id="lab_ifrs-full_ConsiderationPaidReceived_3d10094d-c621-42af-a04f-a90d9ac7b4d7_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Total consideration </link:label>
<link:label id="lab_ifrs-full_ConsiderationPaidReceived_label_en-US" xlink:label="lab_ifrs-full_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consideration paid (received) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConsiderationPaidReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ConsiderationPaidReceived"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsiderationPaidReceived" xlink:to="lab_ifrs-full_ConsiderationPaidReceived" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments_89789f95-223e-472e-ae73-d3ff7cc0b00a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from issuing other equity instruments </link:label>
<link:label id="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from issuing other equity instruments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProceedsFromIssuingOtherEquityInstruments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:to="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NaturalResourceDamagesMember_f2c3c77a-6643-4787-aa4a-058718e787fe_terseLabel_en-US" xlink:label="lab_bp_NaturalResourceDamagesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Natural Resource Damages </link:label>
<link:label id="lab_bp_NaturalResourceDamagesMember_label_en-US" xlink:label="lab_bp_NaturalResourceDamagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Natural Resource Damages [Member] </link:label>
<link:label id="lab_bp_NaturalResourceDamagesMember_documentation_en-US" xlink:label="lab_bp_NaturalResourceDamagesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Natural Resource Damages [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NaturalResourceDamagesMember" xlink:href="bp-20231231.xsd#bp_NaturalResourceDamagesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NaturalResourceDamagesMember" xlink:to="lab_bp_NaturalResourceDamagesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestRateSwapContractMember_1615796f-02cb-4677-b3c2-50e88ce9cac6_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRateSwapContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate swaps </link:label>
<link:label id="lab_ifrs-full_InterestRateSwapContractMember_label_en-US" xlink:label="lab_ifrs-full_InterestRateSwapContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest rate swap contract [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRateSwapContractMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestRateSwapContractMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateSwapContractMember" xlink:to="lab_ifrs-full_InterestRateSwapContractMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherPayables_46aa647f-88a3-44db-b2f5-f51c86a1b60c_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other payables </link:label>
<link:label id="lab_ifrs-full_OtherPayables_label_en-US" xlink:label="lab_ifrs-full_OtherPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherPayables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherPayables" xlink:to="lab_ifrs-full_OtherPayables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherCurrentReceivablesNonFinancialAsset_ab3b6895-5ce2-46e9-b5a1-0efd1e271edc_terseLabel_en-US" xlink:label="lab_bp_OtherCurrentReceivablesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other current receivables non-financial asset </link:label>
<link:label id="lab_bp_OtherCurrentReceivablesNonFinancialAsset_label_en-US" xlink:label="lab_bp_OtherCurrentReceivablesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Current Receivables, Non-Financial Asset </link:label>
<link:label id="lab_bp_OtherCurrentReceivablesNonFinancialAsset_documentation_en-US" xlink:label="lab_bp_OtherCurrentReceivablesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Current Receivables, Non-Financial Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherCurrentReceivablesNonFinancialAsset" xlink:href="bp-20231231.xsd#bp_OtherCurrentReceivablesNonFinancialAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherCurrentReceivablesNonFinancialAsset" xlink:to="lab_bp_OtherCurrentReceivablesNonFinancialAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfShareCapitalMember_14e54d3b-2fa8-4ff6-ae4a-f66171ef70b1_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share capital [member] </link:label>
<link:label id="lab_ifrs-full_ClassesOfShareCapitalMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share capital [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfShareCapitalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalMember" xlink:to="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ChangesInOtherProvisions_43e75f54-4e3b-422d-a01f-34d0f78ea1a5_terseLabel_en-US" xlink:label="lab_ifrs-full_ChangesInOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charges for provisions, net of write-back of unused provisions, including change in discount rate </link:label>
<link:label id="lab_ifrs-full_ChangesInOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_ChangesInOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ChangesInOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ChangesInOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInOtherProvisions" xlink:to="lab_ifrs-full_ChangesInOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock_caa2ccce-115f-47bf-897e-26ca886b94a0_terseLabel_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Updates to significant accounting policies </link:label>
<link:label id="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock_label_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of Accounting Policy for New Accounting Pronouncements [Policy Text Block] </link:label>
<link:label id="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock_documentation_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Description of Accounting Policy for New Accounting Pronouncements [Policy Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock" xlink:href="bp-20231231.xsd#bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock" xlink:to="lab_bp_DescriptionOfAccountingPolicyForNewAccountingPronouncementsPolicyTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfLitigationCasesPending_6d00efb8-4afb-43a9-ab25-7c86e0d84573_terseLabel_en-US" xlink:label="lab_bp_NumberOfLitigationCasesPending" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of litigation cases pending </link:label>
<link:label id="lab_bp_NumberOfLitigationCasesPending_label_en-US" xlink:label="lab_bp_NumberOfLitigationCasesPending" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of litigation cases pending </link:label>
<link:label id="lab_bp_NumberOfLitigationCasesPending_documentation_en-US" xlink:label="lab_bp_NumberOfLitigationCasesPending" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of litigation cases pending </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfLitigationCasesPending" xlink:href="bp-20231231.xsd#bp_NumberOfLitigationCasesPending"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfLitigationCasesPending" xlink:to="lab_bp_NumberOfLitigationCasesPending" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_ed425bda-3e01-4d61-b35e-62551641d58d_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) before interest and taxation </link:label>
<link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_4328b8fc-3276-452c-aaad-eb5145557f9d_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) before interest and taxation </link:label>
<link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss) from operating activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_016b70e5-24a4-4fdc-83ba-8b499911c96a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions_60fcb7c4-49f0-4693-abef-101fc45c42ec_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through change in inflation rate, provisions </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions_label_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through change in inflation rate, provisions </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through change in inflation rate, provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseThroughChangeInInflationRateProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions" xlink:to="lab_bp_IncreaseDecreaseThroughChangeInInflationRateProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_fbf662b8-fe97-44cc-9ec5-50daef260c65_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charge for the year </link:label>
<link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amortisation, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis_87344053-9379-4599-97bf-df5018a96996_terseLabel_en-US" xlink:label="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Continuing and discontinued operations [axis] </link:label>
<link:label id="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis_label_en-US" xlink:label="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Continuing and discontinued operations [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:to="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod_09098348-eb47-462f-b50e-bad2687a8081_terseLabel_en-US" xlink:label="lab_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings excluding leases, weighted average maturity period </link:label>
<link:label id="lab_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod_label_en-US" xlink:label="lab_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings Excluding Leases, Weighted Average Maturity Period </link:label>
<link:label id="lab_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod_documentation_en-US" xlink:label="lab_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings Excluding Leases, Weighted Average Maturity Period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod" xlink:href="bp-20231231.xsd#bp_BorrowingsExcludingLeasesWeightedAverageMaturityPeriod"/>
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<link:label id="lab_bp_A3000GuaranteedNotesDue2050Member_documentation_en-US" xlink:label="lab_bp_A3000GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.000% Guaranteed Notes due 2050 </link:label>
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<link:label id="lab_bp_LongTermCarbonPriceAssumptionsUsedInValueInUseImpairmentTesting_documentation_en-US" xlink:label="lab_bp_LongTermCarbonPriceAssumptionsUsedInValueInUseImpairmentTesting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long-term carbon price assumptions used in value-in-use impairment testing </link:label>
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<link:label id="lab_ifrs-full_FinancialLiabilitiesTypeMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesTypeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities, type [member] </link:label>
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<link:label id="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax assets and liabilities [abstract] </link:label>
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<link:label id="lab_ifrs-full_NumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of shares outstanding </link:label>
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<link:label id="lab_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember_label_en-US" xlink:label="lab_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) due to corrections of prior period errors [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember"/>
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<link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax expense (income) </link:label>
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<link:label id="lab_ifrs-full_OtherFinanceIncome_5eab50c9-f5b0-4dcc-9d8b-c60ef3ea310b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherFinanceIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other income </link:label>
<link:label id="lab_ifrs-full_OtherFinanceIncome_label_en-US" xlink:label="lab_ifrs-full_OtherFinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other finance income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinanceIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherFinanceIncome"/>
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<link:label id="lab_bp_ScheduleOfCashAndCashEquivalents1TableTextBlock_1dc945f3-7c6c-4940-a43f-7240982f8533_terseLabel_en-US" xlink:label="lab_bp_ScheduleOfCashAndCashEquivalents1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of cash and cash equivalents </link:label>
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<link:label id="lab_bp_ScheduleOfCashAndCashEquivalents1TableTextBlock_documentation_en-US" xlink:label="lab_bp_ScheduleOfCashAndCashEquivalents1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule Of Cash And Cash Equivalents 1 [Table Text Block] </link:label>
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<link:label id="lab_ifrs-full_PlanAssetsAtFairValue_52edd376-43a9-46bf-9789-6b8758040bbd_totalLabel_en-US" xlink:label="lab_ifrs-full_PlanAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Asset recognized </link:label>
<link:label id="lab_ifrs-full_PlanAssetsAtFairValue_7f2127ed-f7a1-4679-83a2-b16c13abfef7_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PlanAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Plan assets, at fair value, beginning of period </link:label>
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<link:label id="lab_ifrs-full_PlanAssetsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_PlanAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Plan assets, at fair value </link:label>
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<link:label id="lab_ifrs-full_CurrentPrepayments_c7377dbe-bff7-4ff9-8659-8b6bf3ce3906_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Prepayments </link:label>
<link:label id="lab_ifrs-full_CurrentPrepayments_label_en-US" xlink:label="lab_ifrs-full_CurrentPrepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current prepayments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPrepayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentPrepayments"/>
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<link:label id="lab_bp_A4234GuaranteedNotesDue2028Member_a284b150-0322-44e0-ba2c-d50df02a79a4_terseLabel_en-US" xlink:label="lab_bp_A4234GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.234% Guaranteed Notes due 2028 </link:label>
<link:label id="lab_bp_A4234GuaranteedNotesDue2028Member_label_en-US" xlink:label="lab_bp_A4234GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.234% Guaranteed Notes due 2028 [Member] </link:label>
<link:label id="lab_bp_A4234GuaranteedNotesDue2028Member_documentation_en-US" xlink:label="lab_bp_A4234GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.234% Guaranteed Notes due 2028 </link:label>
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<link:label id="lab_bp_TradeAndOtherPayablesMember_6b0710b6-ae4a-4281-be38-b9879586d595_terseLabel_en-US" xlink:label="lab_bp_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other payables </link:label>
<link:label id="lab_bp_TradeAndOtherPayablesMember_label_en-US" xlink:label="lab_bp_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Payables [Member] </link:label>
<link:label id="lab_bp_TradeAndOtherPayablesMember_documentation_en-US" xlink:label="lab_bp_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Payables [Member] </link:label>
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<link:label id="lab_bp_CurrencyForwardContractFuturesContractAndSwapContractMember_d56465ca-d872-4510-9f21-10eb7d89c89a_terseLabel_en-US" xlink:label="lab_bp_CurrencyForwardContractFuturesContractAndSwapContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency swaps </link:label>
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<link:label id="lab_bp_CurrencyForwardContractFuturesContractAndSwapContractMember_documentation_en-US" xlink:label="lab_bp_CurrencyForwardContractFuturesContractAndSwapContractMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, Futures Contract, And Swap Contract [Member] </link:label>
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<link:label id="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_99b9be17-1971-4498-9091-1940207178ba_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reserve of change in value of foreign currency basis spreads [member] </link:label>
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<link:label id="lab_ifrs-full_ChangesInOtherProvisionsAbstract_55b405ca-1f2f-48ba-be7a-f539603318ce_terseLabel_en-US" xlink:label="lab_ifrs-full_ChangesInOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Changes in other provisions [abstract] </link:label>
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<link:label id="lab_bp_A3067GuaranteedNotesDue2050Member_ccfbc5e9-8e67-4d8d-9c7b-cdbba503a466_terseLabel_en-US" xlink:label="lab_bp_A3067GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.067% Guaranteed Notes due 2050 </link:label>
<link:label id="lab_bp_A3067GuaranteedNotesDue2050Member_label_en-US" xlink:label="lab_bp_A3067GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.067% Guaranteed Notes due 2050 [Member] </link:label>
<link:label id="lab_bp_A3067GuaranteedNotesDue2050Member_documentation_en-US" xlink:label="lab_bp_A3067GuaranteedNotesDue2050Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.067% Guaranteed Notes due 2050 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3067GuaranteedNotesDue2050Member" xlink:href="bp-20231231.xsd#bp_A3067GuaranteedNotesDue2050Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3067GuaranteedNotesDue2050Member" xlink:to="lab_bp_A3067GuaranteedNotesDue2050Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A6.45FixedRateUpTo2034Member_fd89c4c1-7c4f-4d78-a3b6-46df04b4ab30_terseLabel_en-US" xlink:label="lab_bp_A6.45FixedRateUpTo2034Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 6.45% fixed rate up to 2034 [Member] </link:label>
<link:label id="lab_bp_A6.45FixedRateUpTo2034Member_label_en-US" xlink:label="lab_bp_A6.45FixedRateUpTo2034Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 6.45% fixed rate up to 2034 [Member] </link:label>
<link:label id="lab_bp_A6.45FixedRateUpTo2034Member_documentation_en-US" xlink:label="lab_bp_A6.45FixedRateUpTo2034Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 6.45% fixed rate up to 2034 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A6.45FixedRateUpTo2034Member" xlink:href="bp-20231231.xsd#bp_A6.45FixedRateUpTo2034Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A6.45FixedRateUpTo2034Member" xlink:to="lab_bp_A6.45FixedRateUpTo2034Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareRepurchaseTransactionCosts_9e234c70-3252-4201-bd99-e7fa5e124833_terseLabel_en-US" xlink:label="lab_bp_ShareRepurchaseTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transaction costs for repurchase of ordinary shares </link:label>
<link:label id="lab_bp_ShareRepurchaseTransactionCosts_label_en-US" xlink:label="lab_bp_ShareRepurchaseTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share Repurchase, Transaction Costs </link:label>
<link:label id="lab_bp_ShareRepurchaseTransactionCosts_documentation_en-US" xlink:label="lab_bp_ShareRepurchaseTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share Repurchase, Transaction Costs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareRepurchaseTransactionCosts" xlink:href="bp-20231231.xsd#bp_ShareRepurchaseTransactionCosts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ShareRepurchaseTransactionCosts" xlink:to="lab_bp_ShareRepurchaseTransactionCosts" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_4a492bbb-9eb0-4bfb-8429-1eb0b0f9e401_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets </link:label>
<link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InventoryTypeAxis_2614100d-06ea-4697-878c-07dd8bcb86ec_terseLabel_en-US" xlink:label="lab_bp_InventoryTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventory Type [Axis] </link:label>
<link:label id="lab_bp_InventoryTypeAxis_label_en-US" xlink:label="lab_bp_InventoryTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory Type [Axis] </link:label>
<link:label id="lab_bp_InventoryTypeAxis_documentation_en-US" xlink:label="lab_bp_InventoryTypeAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Inventory Type [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InventoryTypeAxis" xlink:href="bp-20231231.xsd#bp_InventoryTypeAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InventoryTypeAxis" xlink:to="lab_bp_InventoryTypeAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContractualCapitalCommitments_77b66773-2a57-4265-9ee9-44b19183ef62_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contractual capital commitments </link:label>
<link:label id="lab_ifrs-full_ContractualCapitalCommitments_label_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contractual capital commitments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualCapitalCommitments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContractualCapitalCommitments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualCapitalCommitments" xlink:to="lab_ifrs-full_ContractualCapitalCommitments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_64b2dd82-c759-44f6-bd76-4b4fadf1365e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reserves and other equity interest </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reserves within equity [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract_86257718-0f41-49b5-8916-53e9ae7d4a9c_terseLabel_en-US" xlink:label="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] </link:label>
<link:label id="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract_label_en-US" xlink:label="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] </link:label>
<link:label id="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract_documentation_en-US" xlink:label="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:href="bp-20231231.xsd#bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:to="lab_bp_OtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentTradeReceivables_b1199c38-7753-4627-9bee-2c6b40374534_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current trade receivables </link:label>
<link:label id="lab_ifrs-full_NoncurrentTradeReceivables_label_en-US" xlink:label="lab_ifrs-full_NoncurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current trade receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentTradeReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentTradeReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentTradeReceivables" xlink:to="lab_ifrs-full_NoncurrentTradeReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NorthSeaMember_60b39598-f045-497c-a036-0c8b8f9fc97a_terseLabel_en-US" xlink:label="lab_bp_NorthSeaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> North Sea </link:label>
<link:label id="lab_bp_NorthSeaMember_label_en-US" xlink:label="lab_bp_NorthSeaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> North Sea [Member] </link:label>
<link:label id="lab_bp_NorthSeaMember_documentation_en-US" xlink:label="lab_bp_NorthSeaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> North Sea [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NorthSeaMember" xlink:href="bp-20231231.xsd#bp_NorthSeaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NorthSeaMember" xlink:to="lab_bp_NorthSeaMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RetirementPlanFundingStatus1Domain_9226fa0b-c64a-4c68-95a6-1aba433c045b_terseLabel_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Domain] </link:label>
<link:label id="lab_bp_RetirementPlanFundingStatus1Domain_label_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Domain] </link:label>
<link:label id="lab_bp_RetirementPlanFundingStatus1Domain_documentation_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RetirementPlanFundingStatus1Domain" xlink:href="bp-20231231.xsd#bp_RetirementPlanFundingStatus1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RetirementPlanFundingStatus1Domain" xlink:to="lab_bp_RetirementPlanFundingStatus1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_b3782d7f-9696-48f2-8265-74bd7d16b1d1_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Remeasurements of the net pension and other post-retirement benefit liability or asset </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_64564f5a-95db-401c-9ad6-3987eacf2d84_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Remeasurements of the net pension and other post-retirement benefit liability or asset, Pre-tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ThirdPartyArrangementMember_0aefd1f2-6e6d-4c1f-ae7f-4b88a92f421c_terseLabel_en-US" xlink:label="lab_bp_ThirdPartyArrangementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Third party arrangement </link:label>
<link:label id="lab_bp_ThirdPartyArrangementMember_label_en-US" xlink:label="lab_bp_ThirdPartyArrangementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Third Party Arrangement [Member] </link:label>
<link:label id="lab_bp_ThirdPartyArrangementMember_documentation_en-US" xlink:label="lab_bp_ThirdPartyArrangementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Third Party Arrangement [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ThirdPartyArrangementMember" xlink:href="bp-20231231.xsd#bp_ThirdPartyArrangementMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ThirdPartyArrangementMember" xlink:to="lab_bp_ThirdPartyArrangementMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentRestrictedCashAndCashEquivalents_e723592e-008f-43a6-b21e-380b885d6b7c_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Restricted cash and cash equivalents </link:label>
<link:label id="lab_ifrs-full_CurrentRestrictedCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current restricted cash and cash equivalents </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentRestrictedCashAndCashEquivalents"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:to="lab_ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract_65c7f7d0-dc9c-4300-b069-3f2c8e234b3c_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestRateTypesMember_d5ebca76-2ebd-479c-a84f-69301fa5ce73_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate types [member] </link:label>
<link:label id="lab_ifrs-full_InterestRateTypesMember_label_en-US" xlink:label="lab_ifrs-full_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest rate types [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRateTypesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestRateTypesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateTypesMember" xlink:to="lab_ifrs-full_InterestRateTypesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentProvisions_0d0b5635-a35f-41ec-98f8-e681171598ee_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provisions </link:label>
<link:label id="lab_ifrs-full_NoncurrentProvisions_c62569c9-3e75-4066-9cba-124c63baa4cc_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Non-current provisions </link:label>
<link:label id="lab_ifrs-full_NoncurrentProvisions_label_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentProvisions" xlink:to="lab_ifrs-full_NoncurrentProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources_de3ed9d2-c315-4879-9ef4-4b1e344b8b47_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration expense </link:label>
<link:label id="lab_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources_label_en-US" xlink:label="lab_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense arising from exploration for and evaluation of mineral resources </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:to="lab_ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AccrualToAcquireOrRedeemEntitysShares_72769f02-54e5-45e3-9537-b84d355cce17_terseLabel_en-US" xlink:label="lab_bp_AccrualToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrual to acquire or redeem entity's shares </link:label>
<link:label id="lab_bp_AccrualToAcquireOrRedeemEntitysShares_label_en-US" xlink:label="lab_bp_AccrualToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accrual to acquire or redeem entity's shares </link:label>
<link:label id="lab_bp_AccrualToAcquireOrRedeemEntitysShares_documentation_en-US" xlink:label="lab_bp_AccrualToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Accrual to acquire or redeem entity's shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AccrualToAcquireOrRedeemEntitysShares" xlink:href="bp-20231231.xsd#bp_AccrualToAcquireOrRedeemEntitysShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AccrualToAcquireOrRedeemEntitysShares" xlink:to="lab_bp_AccrualToAcquireOrRedeemEntitysShares" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_ded204d0-c349-46d7-8d0f-6de33220da42_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities at amortised cost, class [member] </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities at amortised cost, class [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard_e5a26f3d-b32d-4690-b754-90f9d3aeaaab_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of company-nominated independent chairman in trustee board (chairman) </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Company-Nominated Independent Chairman In Trustee Board </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Company-Nominated Independent Chairman In Trustee Board </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard" xlink:to="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentChairmanInTrusteeBoard" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentPayablesRelatedToSignificantEvent_448c9d4f-e73c-45e8-891b-2faeddf8eed5_terseLabel_en-US" xlink:label="lab_bp_CurrentPayablesRelatedToSignificantEvent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current payables related to the Gulf of Mexico oil spill </link:label>
<link:label id="lab_bp_CurrentPayablesRelatedToSignificantEvent_label_en-US" xlink:label="lab_bp_CurrentPayablesRelatedToSignificantEvent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Payables Related To Significant Event </link:label>
<link:label id="lab_bp_CurrentPayablesRelatedToSignificantEvent_documentation_en-US" xlink:label="lab_bp_CurrentPayablesRelatedToSignificantEvent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Payables Related To Significant Event </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentPayablesRelatedToSignificantEvent" xlink:href="bp-20231231.xsd#bp_CurrentPayablesRelatedToSignificantEvent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentPayablesRelatedToSignificantEvent" xlink:to="lab_bp_CurrentPayablesRelatedToSignificantEvent" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading_1c4ba63d-aab8-4f47-ae73-d4565d95299c_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Derivative assets held for trading </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading_8aee0403-7a37-416d-8087-0b05a858a062_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial assets held for trading </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative financial assets held for trading </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:to="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_608e1124-35f5-4f2f-b6c5-f90cab3fa08e_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_b06c260c-bb65-4448-a908-1e0f5e4f9591_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares_16a4b43f-9bfa-4806-b800-de6763f65b62_terseLabel_en-US" xlink:label="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issue of new shares for employee share-based payment plans (in shares) </link:label>
<link:label id="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares_label_en-US" xlink:label="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sale Or Issue Of Treasury Shares For Employee Share-based Payment Plans, In Shares </link:label>
<link:label id="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares_documentation_en-US" xlink:label="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sale Or Issue Of Treasury Shares For Employee Share-based Payment Plans, In Shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares" xlink:href="bp-20231231.xsd#bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares" xlink:to="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlansInShares" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AverageEffectiveTaxRate_e9453151-d002-4232-a22c-71deed5c9474_totalLabel_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Effective tax rate </link:label>
<link:label id="lab_ifrs-full_AverageEffectiveTaxRate_label_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Average effective tax rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageEffectiveTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AverageEffectiveTaxRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate" xlink:to="lab_ifrs-full_AverageEffectiveTaxRate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_b4dc716f-b269-4dbc-89db-6ef7cfaa6460_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Remeasurements of the net pension and other post-retirement benefit liability or asset, Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to remeasurements of defined benefit plans included in other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwillMember_e7275e0b-7e78-4f25-a2eb-6adc963a2131_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill [member] </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwillMember_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleAssetsAndGoodwillMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IssuedCapital_661af9c8-c2ca-4515-8801-83ecaff84885_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Balance, beginning of period </link:label>
<link:label id="lab_ifrs-full_IssuedCapital_d5a56bde-c213-4555-b1f8-a7942334fd6a_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Balance, end of period </link:label>
<link:label id="lab_ifrs-full_IssuedCapital_label_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Issued capital </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IssuedCapital"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_5c74aefa-13ab-4b56-b216-3e6b162e9c73_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Earnings per share </link:label>
<link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of earnings per share [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember_25767df1-05eb-4e46-b141-83480194dcbd_terseLabel_en-US" xlink:label="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision for decommissioning, restoration and rehabilitation costs, production facilities </link:label>
<link:label id="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember_label_en-US" xlink:label="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision for decommissioning, restoration and rehabilitation costs, production facilities [Member] </link:label>
<link:label id="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember_documentation_en-US" xlink:label="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provision for decommissioning, restoration and rehabilitation costs, production facilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember" xlink:href="bp-20231231.xsd#bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember" xlink:to="lab_bp_ProvisionForDecommissioningRestorationAndRehabilitationCostsProductionFacilitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GovernmentIssuedNominalBondsMember_4bf47fa2-c7f8-43c4-9a3e-eb539ce29c75_terseLabel_en-US" xlink:label="lab_bp_GovernmentIssuedNominalBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Government issued nominal bondsd </link:label>
<link:label id="lab_bp_GovernmentIssuedNominalBondsMember_label_en-US" xlink:label="lab_bp_GovernmentIssuedNominalBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Government Issued Nominal Bonds [Member] </link:label>
<link:label id="lab_bp_GovernmentIssuedNominalBondsMember_documentation_en-US" xlink:label="lab_bp_GovernmentIssuedNominalBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Government Issued Nominal Bonds [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GovernmentIssuedNominalBondsMember" xlink:href="bp-20231231.xsd#bp_GovernmentIssuedNominalBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GovernmentIssuedNominalBondsMember" xlink:to="lab_bp_GovernmentIssuedNominalBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ListedEquityFundsEmergingMarketsMember_f870442f-916f-4879-9c17-cd447830a38b_terseLabel_en-US" xlink:label="lab_bp_ListedEquityFundsEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Listed equities – emerging markets </link:label>
<link:label id="lab_bp_ListedEquityFundsEmergingMarketsMember_label_en-US" xlink:label="lab_bp_ListedEquityFundsEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Listed Equity Funds, Emerging Markets [Member] </link:label>
<link:label id="lab_bp_ListedEquityFundsEmergingMarketsMember_documentation_en-US" xlink:label="lab_bp_ListedEquityFundsEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Listed Equity Funds, Emerging Markets [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ListedEquityFundsEmergingMarketsMember" xlink:href="bp-20231231.xsd#bp_ListedEquityFundsEmergingMarketsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ListedEquityFundsEmergingMarketsMember" xlink:to="lab_bp_ListedEquityFundsEmergingMarketsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_ca789fb4-ffaf-461a-991b-a1478348cedc_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset), beginning of period </link:label>
<link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_71b5f239-8695-40ad-9260-0972aabacee3_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset), end of period </link:label>
<link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_6a4c2b95-57fa-4a0e-8496-6bd070aa611b_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset) </link:label>
<link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_4bd81bad-632f-4689-84b2-acb22ed5ca41_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current service cost </link:label>
<link:label id="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase in net defined benefit liability (asset) resulting from current service cost </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExternalCreditGradesAxis_46814d11-67a9-4c3a-b1f6-93c7f2b572e0_terseLabel_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> External credit grades [axis] </link:label>
<link:label id="lab_ifrs-full_ExternalCreditGradesAxis_label_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> External credit grades [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExternalCreditGradesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExternalCreditGradesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExternalCreditGradesAxis" xlink:to="lab_ifrs-full_ExternalCreditGradesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsExcludingFairValueAdjustmentMember_df8afa62-d2fa-4b08-9c1c-9c9fada68385_terseLabel_en-US" xlink:label="lab_bp_BorrowingsExcludingFairValueAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance debt </link:label>
<link:label id="lab_bp_BorrowingsExcludingFairValueAdjustmentMember_label_en-US" xlink:label="lab_bp_BorrowingsExcludingFairValueAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, Excluding Fair Value Adjustment [Member] </link:label>
<link:label id="lab_bp_BorrowingsExcludingFairValueAdjustmentMember_documentation_en-US" xlink:label="lab_bp_BorrowingsExcludingFairValueAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings, Excluding Fair Value Adjustment [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsExcludingFairValueAdjustmentMember" xlink:href="bp-20231231.xsd#bp_BorrowingsExcludingFairValueAdjustmentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsExcludingFairValueAdjustmentMember" xlink:to="lab_bp_BorrowingsExcludingFairValueAdjustmentMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_78a97ab1-32da-4d46-a71c-8c0301b8dd40_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Benefit payments (liabilities) assets </link:label>
<link:label id="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_899672d3-a476-4545-a0f2-38ad928022b4_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of other provisions [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of other provisions [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfProvisionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfProvisionsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfProvisionsAxis" xlink:to="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement_f1f3ab2e-73a5-4ec3-a5ca-a44812b3f6a1_negatedTerseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Discount Rate, Other Provisions, Impact On Income Statement </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement_label_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Discount Rate, Other Provisions, Impact On Income Statement </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Discount Rate, Other Provisions, Impact On Income Statement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement" xlink:to="lab_bp_IncreaseDecreaseThroughChangeInDiscountRateOtherProvisionsImpactOnIncomeStatement" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrencyForwardContractUSDAndSterlingMember_4c702725-bf2f-4d91-a3df-2c67d3a421f1_terseLabel_en-US" xlink:label="lab_bp_CurrencyForwardContractUSDAndSterlingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, USD And Sterling </link:label>
<link:label id="lab_bp_CurrencyForwardContractUSDAndSterlingMember_label_en-US" xlink:label="lab_bp_CurrencyForwardContractUSDAndSterlingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, USD And Sterling [Member] </link:label>
<link:label id="lab_bp_CurrencyForwardContractUSDAndSterlingMember_documentation_en-US" xlink:label="lab_bp_CurrencyForwardContractUSDAndSterlingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currency Forward Contract, USD And Sterling [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrencyForwardContractUSDAndSterlingMember" xlink:href="bp-20231231.xsd#bp_CurrencyForwardContractUSDAndSterlingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrencyForwardContractUSDAndSterlingMember" xlink:to="lab_bp_CurrencyForwardContractUSDAndSterlingMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_c987a8ce-e716-47d4-8f03-d93320cc946a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of transactions between related parties [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of transactions between related parties [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:to="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PensionAndOtherPostRetirementBenefitCosts_bf7cff1c-dcf3-4d75-80d8-7e298d45a5a2_terseLabel_en-US" xlink:label="lab_bp_PensionAndOtherPostRetirementBenefitCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pension and other post-retirement benefit costs </link:label>
<link:label id="lab_bp_PensionAndOtherPostRetirementBenefitCosts_label_en-US" xlink:label="lab_bp_PensionAndOtherPostRetirementBenefitCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pension And Other Post-Retirement Benefit Costs </link:label>
<link:label id="lab_bp_PensionAndOtherPostRetirementBenefitCosts_documentation_en-US" xlink:label="lab_bp_PensionAndOtherPostRetirementBenefitCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Pension And Other Post-Retirement Benefit Costs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PensionAndOtherPostRetirementBenefitCosts" xlink:href="bp-20231231.xsd#bp_PensionAndOtherPostRetirementBenefitCosts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PensionAndOtherPostRetirementBenefitCosts" xlink:to="lab_bp_PensionAndOtherPostRetirementBenefitCosts" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PreferenceSharesMember_00fef16a-ca79-4c7d-9080-68799051c914_terseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preference shares </link:label>
<link:label id="lab_ifrs-full_PreferenceSharesMember_label_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preference shares [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreferenceSharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PreferenceSharesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PreferenceSharesMember" xlink:to="lab_ifrs-full_PreferenceSharesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory_4e67a65e-1e63-431e-8e8f-2b60d811fc18_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Own equity instruments - treasury shares </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for treasury shares [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_b440be6e-d0b9-493b-ad2b-66d3588ce4b7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Income taxes paid </link:label>
<link:label id="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income taxes paid, classified as operating activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset_5ee48849-9b38-4e83-9146-b58c48a28d03_terseLabel_en-US" xlink:label="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current portion of sales taxes and production taxes </link:label>
<link:label id="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset_label_en-US" xlink:label="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Sales And Production Taxes, Non-Financial Asset </link:label>
<link:label id="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset_documentation_en-US" xlink:label="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Sales And Production Taxes, Non-Financial Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentSalesAndProductionTaxesNonFinancialAsset" xlink:href="bp-20231231.xsd#bp_CurrentSalesAndProductionTaxesNonFinancialAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentSalesAndProductionTaxesNonFinancialAsset" xlink:to="lab_bp_CurrentSalesAndProductionTaxesNonFinancialAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_8f31bdb0-2e8a-44f6-bbd8-1b1ee7fa940a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision used, other provisions </link:label>
<link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision used, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProvisionUsedOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:to="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_ae604c11-707c-486b-b5f6-b225502f3c9e_verboseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Debt instruments </link:label>
<link:label id="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt instruments, amount contributed to fair value of plan assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:to="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_7746ca66-99d5-4b12-a249-b342bcc2d09d_terseLabel_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accruals </link:label>
<link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_label_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accruals classified as current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccrualsClassifiedAsCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:to="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:type="arc" order="1"/>
<link:label id="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember_62790495-c713-44bd-98ec-63cf18f75e5a_terseLabel_en-US" xlink:label="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior management and non-executive directors </link:label>
<link:label id="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember_label_en-US" xlink:label="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key Management Personnel Of Entity Or Parent, Senior Management And Non-Executive Directors [Member] </link:label>
<link:label id="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember_documentation_en-US" xlink:label="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Key Management Personnel Of Entity Or Parent, Senior Management And Non-Executive Director [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember" xlink:href="bp-20231231.xsd#bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember" xlink:to="lab_bp_KeyManagementPersonnelOfEntityOrParentSeniorManagementAndNonExecutiveDirectorsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_337ee03e-d5be-4af9-b77d-42a5cbd8888c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of classes of share capital </link:label>
<link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of classes of share capital [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock_9dbecf93-6422-446f-a249-534e2970d5fd_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of interests in subsidiaries, joint arrangements, and associates </link:label>
<link:label id="lab_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Interest In Subsidiaries, Joint Arrangements, And Associates [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Interest In Subsidiaries, Joint Arrangements, And Associates [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfInterestInSubsidiariesJointArrangementsAndAssociatesTableTextBlock"/>
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<link:label id="lab_bp_OtherCurrentPayablesNonFinancialLiabilities_5b8fc73a-957d-4f60-b7b1-28786395a1d9_terseLabel_en-US" xlink:label="lab_bp_OtherCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other current payables non-financial liabilities </link:label>
<link:label id="lab_bp_OtherCurrentPayablesNonFinancialLiabilities_label_en-US" xlink:label="lab_bp_OtherCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Current Payables Non-Financial Liabilities </link:label>
<link:label id="lab_bp_OtherCurrentPayablesNonFinancialLiabilities_documentation_en-US" xlink:label="lab_bp_OtherCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Current Payables Non-Financial Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherCurrentPayablesNonFinancialLiabilities" xlink:href="bp-20231231.xsd#bp_OtherCurrentPayablesNonFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherCurrentPayablesNonFinancialLiabilities" xlink:to="lab_bp_OtherCurrentPayablesNonFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_MergerReserveMember_0f1a6bcd-fc31-4d12-8cea-63f57e0693d3_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Merger reserve [member] </link:label>
<link:label id="lab_ifrs-full_MergerReserveMember_label_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Merger reserve [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserveMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MergerReserveMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserveMember" xlink:to="lab_ifrs-full_MergerReserveMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TaxRateEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_2632d19c-bff4-4dc3-bde3-86873b5d0411_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Items not deductible for tax purposes </link:label>
<link:label id="lab_ifrs-full_TaxRateEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_label_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax rate effect of expense not deductible in determining taxable profit (tax loss) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TaxRateEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss"/>
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<link:label id="lab_bp_OilRelatedDerivativeMember_19198dec-c306-4ff3-b363-9b47d79d92da_terseLabel_en-US" xlink:label="lab_bp_OilRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Oil price derivatives </link:label>
<link:label id="lab_bp_OilRelatedDerivativeMember_label_en-US" xlink:label="lab_bp_OilRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Oil Related Derivative [Member] </link:label>
<link:label id="lab_bp_OilRelatedDerivativeMember_documentation_en-US" xlink:label="lab_bp_OilRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Oil Related Derivative [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilRelatedDerivativeMember" xlink:href="bp-20231231.xsd#bp_OilRelatedDerivativeMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilRelatedDerivativeMember" xlink:to="lab_bp_OilRelatedDerivativeMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member_69de7cb1-400b-4dcd-ae5d-fbe4dc961c49_terseLabel_en-US" xlink:label="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Life expectancy at age 60 for a male currently aged 40 </link:label>
<link:label id="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member_label_en-US" xlink:label="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Male At 60 For Individuals Currently At Age 40 [Member] </link:label>
<link:label id="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member_documentation_en-US" xlink:label="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Male At 60 For Individuals Currently At Age 40 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:href="bp-20231231.xsd#bp_MaleAt60ForIndividualsCurrentlyAtAge40Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:to="lab_bp_MaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_e9133631-c595-436f-be8b-22f116f44154_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Expenditure on property, plant and equipment, intangible and other assets </link:label>
<link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember_7012b530-6482-4596-89e3-0a3e86619787_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for external credit grades [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for external credit grades [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForExternalCreditGradesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:to="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_BasicEarningsLossPerShare_3a1cebaf-9d49-4f24-8fac-15eadea2aae2_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basic earnings (loss) per share (USD per share) </link:label>
<link:label id="lab_ifrs-full_BasicEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Basic earnings (loss) per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BasicEarningsLossPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_ifrs-full_BasicEarningsLossPerShare" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_f12aeea0-ffbd-4589-a158-05f5af0cdb88_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Remeasurements of the net pension and other post-retirement benefit liability or asset </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_c565ff6c-04f7-478e-9db5-bef99c0c0f31_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Remeasurements of the net pension and other post-retirement benefit liability or asset, Net of tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearThree_3d12c9e1-af48-4eaa-b125-f76a0b81d7e1_terseLabel_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Three </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearThree_label_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Three </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearThree_documentation_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearThree" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Three </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedFutureBenefitPaymentYearThree" xlink:href="bp-20231231.xsd#bp_ExpectedFutureBenefitPaymentYearThree"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpectedFutureBenefitPaymentYearThree" xlink:to="lab_bp_ExpectedFutureBenefitPaymentYearThree" xlink:type="arc" order="1"/>
<link:label id="lab_dei_ContactPersonnelFaxNumber_75685606-fea9-42f7-8a52-605808b89ccd_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelFaxNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contact Personnel Fax Number </link:label>
<link:label id="lab_dei_ContactPersonnelFaxNumber_label_en-US" xlink:label="lab_dei_ContactPersonnelFaxNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contact Personnel Fax Number </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelFaxNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_ContactPersonnelFaxNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelFaxNumber" xlink:to="lab_dei_ContactPersonnelFaxNumber" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3588GuaranteedNotesDue2027Member_ae3a985d-0b1e-4984-9fe8-d8590e110205_terseLabel_en-US" xlink:label="lab_bp_A3588GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.588% Guaranteed Notes due 2027 </link:label>
<link:label id="lab_bp_A3588GuaranteedNotesDue2027Member_label_en-US" xlink:label="lab_bp_A3588GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.588% Guaranteed Notes due 2027 [Member] </link:label>
<link:label id="lab_bp_A3588GuaranteedNotesDue2027Member_documentation_en-US" xlink:label="lab_bp_A3588GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.588% Guaranteed Notes due 2027 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3588GuaranteedNotesDue2027Member" xlink:href="bp-20231231.xsd#bp_A3588GuaranteedNotesDue2027Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3588GuaranteedNotesDue2027Member" xlink:to="lab_bp_A3588GuaranteedNotesDue2027Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember_9b4ca8ed-fe88-437e-90e2-26a0f25d8cbd_terseLabel_en-US" xlink:label="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Directors </link:label>
<link:label id="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember_label_en-US" xlink:label="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key Management Personnel Of Entity Or Parent, Director [Member] </link:label>
<link:label id="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember_documentation_en-US" xlink:label="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Key Management Personnel Of Entity Or Parent, Director [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember" xlink:href="bp-20231231.xsd#bp_KeyManagementPersonnelOfEntityOrParentDirectorMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember" xlink:to="lab_bp_KeyManagementPersonnelOfEntityOrParentDirectorMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_45812306-8026-4fda-8164-ef4517b9c761_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate used in current estimate of value in use </link:label>
<link:label id="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Discount rate applied to cash flow projections </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:to="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems_c25466c7-31c0-4c72-ac02-e5c93e244f35_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of changes in goodwill [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of changes in goodwill [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_687c76b6-29a1-406b-891f-f622907972a1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of goodwill </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of changes in goodwill [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_WeightedAverageLesseesRemainingLeaseTerm_0afb49b9-56e3-454a-adf5-60e582e8d770_terseLabel_en-US" xlink:label="lab_bp_WeightedAverageLesseesRemainingLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Weighted-average remaining lease term (years) </link:label>
<link:label id="lab_bp_WeightedAverageLesseesRemainingLeaseTerm_label_en-US" xlink:label="lab_bp_WeightedAverageLesseesRemainingLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted Average Lessee's Remaining Lease Term </link:label>
<link:label id="lab_bp_WeightedAverageLesseesRemainingLeaseTerm_documentation_en-US" xlink:label="lab_bp_WeightedAverageLesseesRemainingLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Weighted Average Lessee's Remaining Lease Term </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_WeightedAverageLesseesRemainingLeaseTerm" xlink:href="bp-20231231.xsd#bp_WeightedAverageLesseesRemainingLeaseTerm"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_WeightedAverageLesseesRemainingLeaseTerm" xlink:to="lab_bp_WeightedAverageLesseesRemainingLeaseTerm" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentPayablesToTradeSuppliers_cb8f31c2-cc63-49ab-b392-5a35219b941f_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current trade payables </link:label>
<link:label id="lab_ifrs-full_NoncurrentPayablesToTradeSuppliers_label_en-US" xlink:label="lab_ifrs-full_NoncurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current trade payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPayablesToTradeSuppliers" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentPayablesToTradeSuppliers"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentPayablesToTradeSuppliers" xlink:to="lab_ifrs-full_NoncurrentPayablesToTradeSuppliers" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_8ece90bf-98c9-41f6-bc35-baabf8833027_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from long-term financing </link:label>
<link:label id="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from non-current borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProceedsFromNoncurrentBorrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:to="lab_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract_45cf1d62-6d18-48b6-8545-c486867534ee_terseLabel_en-US" xlink:label="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Related amounts not set off in the balance sheet </link:label>
<link:label id="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract" xlink:to="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPGammaHoldingsLimitedMember_3dcc2e4f-975d-4ae5-8b0a-4644ab229090_terseLabel_en-US" xlink:label="lab_bp_BPGammaHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Gamma Holdings Limited [Member] </link:label>
<link:label id="lab_bp_BPGammaHoldingsLimitedMember_label_en-US" xlink:label="lab_bp_BPGammaHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Gamma Holdings Limited [Member] </link:label>
<link:label id="lab_bp_BPGammaHoldingsLimitedMember_documentation_en-US" xlink:label="lab_bp_BPGammaHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Gamma Holdings Limited </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPGammaHoldingsLimitedMember" xlink:href="bp-20231231.xsd#bp_BPGammaHoldingsLimitedMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPGammaHoldingsLimitedMember" xlink:to="lab_bp_BPGammaHoldingsLimitedMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions_bcf0bcd5-3f88-4b50-a356-f2afd42b8f90_terseLabel_en-US" xlink:label="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nominal Inflation Rate Used in Determining Price Assumptions </link:label>
<link:label id="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions_label_en-US" xlink:label="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nominal Inflation Rate Used in Determining Price Assumptions </link:label>
<link:label id="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions_documentation_en-US" xlink:label="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Nominal Inflation Rate Used in Determining Price Assumptions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NominalInflationRateUsedInDeterminingPriceAssumptions" xlink:href="bp-20231231.xsd#bp_NominalInflationRateUsedInDeterminingPriceAssumptions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NominalInflationRateUsedInDeterminingPriceAssumptions" xlink:to="lab_bp_NominalInflationRateUsedInDeterminingPriceAssumptions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3410GuaranteedNotesDue2026Member_9a8b7c41-85d4-4d0d-9fc2-27690ef817fe_terseLabel_en-US" xlink:label="lab_bp_A3410GuaranteedNotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.410% Guaranteed Notes due 2026 </link:label>
<link:label id="lab_bp_A3410GuaranteedNotesDue2026Member_label_en-US" xlink:label="lab_bp_A3410GuaranteedNotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.410% Guaranteed Notes due 2026 [Member] </link:label>
<link:label id="lab_bp_A3410GuaranteedNotesDue2026Member_documentation_en-US" xlink:label="lab_bp_A3410GuaranteedNotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.410% Guaranteed Notes due 2026 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3410GuaranteedNotesDue2026Member" xlink:href="bp-20231231.xsd#bp_A3410GuaranteedNotesDue2026Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3410GuaranteedNotesDue2026Member" xlink:to="lab_bp_A3410GuaranteedNotesDue2026Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_4f997dde-2c31-4d56-b5a9-67a1142ae341_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Fair value liability </link:label>
<link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativeFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestOnBorrowingsMember_21a29c41-f327-4a60-967a-beb512baec32_terseLabel_en-US" xlink:label="lab_bp_InterestOnBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest on finance debt </link:label>
<link:label id="lab_bp_InterestOnBorrowingsMember_label_en-US" xlink:label="lab_bp_InterestOnBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest On Borrowings [Member] </link:label>
<link:label id="lab_bp_InterestOnBorrowingsMember_documentation_en-US" xlink:label="lab_bp_InterestOnBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest On Borrowings [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestOnBorrowingsMember" xlink:href="bp-20231231.xsd#bp_InterestOnBorrowingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestOnBorrowingsMember" xlink:to="lab_bp_InterestOnBorrowingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember_25c3c65f-af1c-4054-9797-80488ca45a98_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for cash-generating units [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for cash-generating units [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForCashgeneratingUnitsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:to="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_fb47941d-87a5-4994-bf82-ed49a9d25737_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share-based payments </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for share-based payments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForSharebasedPayments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract_2d241729-1163-46c9-9578-27b0fe4765b4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about financial instruments [abstract] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about financial instruments [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialInstrumentsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ChangeInTimingOfFutureExpenditureMember_59a48406-a3d7-4307-88a6-bff099b6ccd1_terseLabel_en-US" xlink:label="lab_bp_ChangeInTimingOfFutureExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in timing of future expenditure [Member] </link:label>
<link:label id="lab_bp_ChangeInTimingOfFutureExpenditureMember_label_en-US" xlink:label="lab_bp_ChangeInTimingOfFutureExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Change in timing of future expenditure [Member] </link:label>
<link:label id="lab_bp_ChangeInTimingOfFutureExpenditureMember_documentation_en-US" xlink:label="lab_bp_ChangeInTimingOfFutureExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Change in timing of future expenditure </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ChangeInTimingOfFutureExpenditureMember" xlink:href="bp-20231231.xsd#bp_ChangeInTimingOfFutureExpenditureMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ChangeInTimingOfFutureExpenditureMember" xlink:to="lab_bp_ChangeInTimingOfFutureExpenditureMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StateClaimsMember_3592dbe6-3c2e-48a4-8b38-c0b07f757c83_terseLabel_en-US" xlink:label="lab_bp_StateClaimsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> State Claims </link:label>
<link:label id="lab_bp_StateClaimsMember_label_en-US" xlink:label="lab_bp_StateClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> State Claims [Member] </link:label>
<link:label id="lab_bp_StateClaimsMember_documentation_en-US" xlink:label="lab_bp_StateClaimsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> State Claims [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StateClaimsMember" xlink:href="bp-20231231.xsd#bp_StateClaimsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StateClaimsMember" xlink:to="lab_bp_StateClaimsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GrossLeaseLiabilities_b3d0383f-8e92-4310-b3b1-464d5b46b65e_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gross lease liabilities </link:label>
<link:label id="lab_ifrs-full_GrossLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_GrossLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gross lease liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GrossLeaseLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossLeaseLiabilities" xlink:to="lab_ifrs-full_GrossLeaseLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract_2e1c95d9-2819-48c5-9438-dbb3fe71ab5a_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure Of Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] </link:label>
<link:label id="lab_bp_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract_label_en-US" xlink:label="lab_bp_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] </link:label>
<link:label id="lab_bp_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] </link:label>
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<link:label id="lab_bp_EstimatedIncreaseInExistingProvisionsDecommissioning_label_en-US" xlink:label="lab_bp_EstimatedIncreaseInExistingProvisionsDecommissioning" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Estimated increase in existing provisions, decommissioning </link:label>
<link:label id="lab_bp_EstimatedIncreaseInExistingProvisionsDecommissioning_documentation_en-US" xlink:label="lab_bp_EstimatedIncreaseInExistingProvisionsDecommissioning" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Estimated increase in existing provisions, decommissioning </link:label>
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<link:label id="lab_bp_IncreaseDecreaseThroughOtherTransactionsEquity_label_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughOtherTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Other Transactions, Equity </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughOtherTransactionsEquity_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughOtherTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Other Transactions, Equity </link:label>
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<link:label id="lab_bp_TermOfReceivablesRelatedPartyTransactions_3bc88114-5013-4793-abe1-6d61b099364a_terseLabel_en-US" xlink:label="lab_bp_TermOfReceivablesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Term of receivables </link:label>
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<link:label id="lab_bp_TermOfReceivablesRelatedPartyTransactions_documentation_en-US" xlink:label="lab_bp_TermOfReceivablesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Term Of Receivables, Related Party Transactions </link:label>
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<link:label id="lab_bp_LossOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_9b79299f-7d91-4d0b-8b4a-a763265250cf_terseLabel_en-US" xlink:label="lab_bp_LossOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Losses on sale of businesses and fixed assets, and closures </link:label>
<link:label id="lab_bp_LossOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_bp_LossOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loss On Disposals, Property, Plant And Equipment And Disposal Of Investments In Subsidiaries, Joint Ventures And Associates </link:label>
<link:label id="lab_bp_LossOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_documentation_en-US" xlink:label="lab_bp_LossOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loss On Disposals, Property, Plant And Equipment And Disposal Of Investments In Subsidiaries, Joint Ventures And Associates </link:label>
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<link:label id="lab_bp_TaxRateEffectOfForeignExchangeRates_8bfdcef6-ce92-40a9-81b4-60eaed8772eb_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectOfForeignExchangeRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Foreign exchange </link:label>
<link:label id="lab_bp_TaxRateEffectOfForeignExchangeRates_label_en-US" xlink:label="lab_bp_TaxRateEffectOfForeignExchangeRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect Of Foreign Exchange Rates </link:label>
<link:label id="lab_bp_TaxRateEffectOfForeignExchangeRates_documentation_en-US" xlink:label="lab_bp_TaxRateEffectOfForeignExchangeRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect Of Foreign Exchange Rates </link:label>
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<link:label id="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_00b3e397-9fe4-44ee-b0f6-6e27cd597d18_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets or disposal groups classified as held for sale or as held for distribution to owners </link:label>
<link:label id="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current assets or disposal groups classified as held for sale or as held for distribution to owners </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
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<link:label id="lab_bp_FormationOfJointVentureMember_94f52881-76cc-4634-8c78-b9e6ca58a56a_terseLabel_en-US" xlink:label="lab_bp_FormationOfJointVentureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Formation of joint venture [Member] </link:label>
<link:label id="lab_bp_FormationOfJointVentureMember_label_en-US" xlink:label="lab_bp_FormationOfJointVentureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Formation of joint venture [Member] </link:label>
<link:label id="lab_bp_FormationOfJointVentureMember_documentation_en-US" xlink:label="lab_bp_FormationOfJointVentureMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Formation of joint venture </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FormationOfJointVentureMember" xlink:to="lab_bp_FormationOfJointVentureMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_74b0490c-fb91-416f-b6e3-a52be8b0a259_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Types of interest rates [axis] </link:label>
<link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Types of interest rates [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfInterestRatesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:to="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments_12ac4f17-8271-43f7-b722-654359f1721f_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments_4c2c7ba3-2660-4353-8c5f-1d17f77f987f_totalLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, gains (losses) on remeasurements of equity instruments </link:label>
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<link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_42f8253e-1d63-4aec-a0c8-c52aac316e4b_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Rate of increase for pensions in payment </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumption of expected rates of pension increases </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:to="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentCrudeOil_0bc3beff-0b1e-4f03-94d8-6f67cb7c2b19_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentCrudeOil" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Crude oil </link:label>
<link:label id="lab_ifrs-full_CurrentCrudeOil_label_en-US" xlink:label="lab_ifrs-full_CurrentCrudeOil" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current crude oil </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentCrudeOil" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentCrudeOil"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentCrudeOil" xlink:to="lab_ifrs-full_CurrentCrudeOil" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_3ece64c6-c8ae-4785-8acd-f769ad9efdd2_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share of items relating to equity-accounted entities, net of tax, Pre-tax </link:label>
<link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
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<link:label id="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract_405b3d17-1cf5-4108-b722-8fdbc2a80aae_terseLabel_en-US" xlink:label="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share Capital, Reserves And Other Equity Interest [Abstract] </link:label>
<link:label id="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract_label_en-US" xlink:label="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share Capital, Reserves And Other Equity Interest [Abstract] </link:label>
<link:label id="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract_documentation_en-US" xlink:label="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share Capital, Reserves And Other Equity Interest [Abstract] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ShareCapitalReservesAndOtherEquityInterestAbstract" xlink:to="lab_bp_ShareCapitalReservesAndOtherEquityInterestAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesandReserveTypeAxis_e831fb08-89d9-4167-80f3-ab058a0388b6_terseLabel_en-US" xlink:label="lab_bp_ValuationAllowancesandReserveTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserve Type [Axis] </link:label>
<link:label id="lab_bp_ValuationAllowancesandReserveTypeAxis_label_en-US" xlink:label="lab_bp_ValuationAllowancesandReserveTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserve Type [Axis] </link:label>
<link:label id="lab_bp_ValuationAllowancesandReserveTypeAxis_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesandReserveTypeAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserve Type [Axis] </link:label>
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<link:label id="lab_bp_IncreaseDecreaseThroughBusinessCombinationsAndLossOfControlOfSubsidiaryDeferredTaxLiabilityAssets_a79fd75d-5f64-4793-8c44-fda14d769dfa_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughBusinessCombinationsAndLossOfControlOfSubsidiaryDeferredTaxLiabilityAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisitions and disposalsb </link:label>
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<link:label id="lab_bp_LawsuitsFiledAgainstOilAndGasCompanies_ec08cb31-b10b-4f03-9c71-e1bd279bcdf9_terseLabel_en-US" xlink:label="lab_bp_LawsuitsFiledAgainstOilAndGasCompanies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lawsuits filed against oil and gas companies </link:label>
<link:label id="lab_bp_LawsuitsFiledAgainstOilAndGasCompanies_label_en-US" xlink:label="lab_bp_LawsuitsFiledAgainstOilAndGasCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lawsuits filed against oil and gas companies </link:label>
<link:label id="lab_bp_LawsuitsFiledAgainstOilAndGasCompanies_documentation_en-US" xlink:label="lab_bp_LawsuitsFiledAgainstOilAndGasCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Lawsuits filed against oil and gas companies </link:label>
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<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_eb80914a-3402-407d-9567-70817e598169_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Business combinations and goodwill </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for business combinations and goodwill [text block] </link:label>
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<link:label id="lab_bp_CurrencyDerivativesMember_61832b01-6dd0-4b0b-ad68-9f171a0fcc0d_terseLabel_en-US" xlink:label="lab_bp_CurrencyDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency derivatives [Member] </link:label>
<link:label id="lab_bp_CurrencyDerivativesMember_label_en-US" xlink:label="lab_bp_CurrencyDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency derivatives [Member] </link:label>
<link:label id="lab_bp_CurrencyDerivativesMember_documentation_en-US" xlink:label="lab_bp_CurrencyDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currency derivatives </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrencyDerivativesMember" xlink:to="lab_bp_CurrencyDerivativesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialAssumptionsMember_53c5f2eb-ccda-4551-bf1e-8733df1cca76_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Actuarial assumptions [member] </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionsMember_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumptions [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionsMember"/>
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<link:label id="lab_bp_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock_f7b5b9c2-be4c-4e7c-92ef-f5e6a35d1a27_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of items affected by overall tax credit </link:label>
<link:label id="lab_bp_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Reconciliation Of Accounting Profit Multiplied By Applicable Tax Rates And Average Effective Tax Rate [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Reconciliation Of Accounting Profit Multiplied By Applicable Tax Rates And Average Effective Tax Rate [Table Text Block] </link:label>
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<link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_8472a32b-71b2-455b-9126-fae123b190b6_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recycling of foreign exchange on disposal </link:label>
<link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_fbd11765-ea07-4da5-b8e2-c6164b1c52fa_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Currency exchange losses charged to the income statementa </link:label>
<link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Foreign exchange gain (loss) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
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<link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_577c15c3-a2cd-4807-a017-9aa13e2a2e8c_terseLabel_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Individual assets or cash-generating units [axis] </link:label>
<link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_label_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Individual assets or cash-generating units [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:to="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInGoodwillAbstract_1a391071-ac02-4599-b56c-6b539bab5a6d_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in goodwill [abstract] </link:label>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInGoodwillAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in goodwill [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReconciliationOfChangesInGoodwillAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CenovusEnergyIncMember_e9e55a25-1db6-4a1b-a9bf-36d7f74f5b12_terseLabel_en-US" xlink:label="lab_bp_CenovusEnergyIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cenovus Energy Inc. </link:label>
<link:label id="lab_bp_CenovusEnergyIncMember_label_en-US" xlink:label="lab_bp_CenovusEnergyIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cenovus Energy Inc. [Member] </link:label>
<link:label id="lab_bp_CenovusEnergyIncMember_documentation_en-US" xlink:label="lab_bp_CenovusEnergyIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cenovus Energy Inc. </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CenovusEnergyIncMember" xlink:href="bp-20231231.xsd#bp_CenovusEnergyIncMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CenovusEnergyIncMember" xlink:to="lab_bp_CenovusEnergyIncMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract_fc9daece-215f-4acc-969f-2947d96e79f2_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in property, plant and equipment [abstract] </link:label>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in property, plant and equipment [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill_f85151ce-abfe-48da-b809-bc13916e098e_terseLabel_en-US" xlink:label="lab_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revaluation increase (decrease), intangible assets other than goodwill </link:label>
<link:label id="lab_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revaluation increase (decrease), intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_bp_APlusToAMinusRatingMember_b60a50fd-ec9d-47d6-b804-37d9bcb94ae1_terseLabel_en-US" xlink:label="lab_bp_APlusToAMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> A+ to A- </link:label>
<link:label id="lab_bp_APlusToAMinusRatingMember_label_en-US" xlink:label="lab_bp_APlusToAMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> A Plus To A Minus Rating [Member] </link:label>
<link:label id="lab_bp_APlusToAMinusRatingMember_documentation_en-US" xlink:label="lab_bp_APlusToAMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> A Plus To A Minus Rating [Member] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_APlusToAMinusRatingMember" xlink:to="lab_bp_APlusToAMinusRatingMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OilandGasOilProductsMember_9eef3540-187f-4544-a57e-45be45a35115_terseLabel_en-US" xlink:label="lab_bp_OilandGasOilProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Oil products </link:label>
<link:label id="lab_bp_OilandGasOilProductsMember_label_en-US" xlink:label="lab_bp_OilandGasOilProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Oil and Gas, Oil Products [Member] </link:label>
<link:label id="lab_bp_OilandGasOilProductsMember_documentation_en-US" xlink:label="lab_bp_OilandGasOilProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Oil and Gas, Oil Products [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilandGasOilProductsMember" xlink:href="bp-20231231.xsd#bp_OilandGasOilProductsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilandGasOilProductsMember" xlink:to="lab_bp_OilandGasOilProductsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfJointVenturesLineItems_84bb238f-1220-456b-b02e-5a8584686517_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfJointVenturesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of joint ventures [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfJointVenturesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfJointVenturesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of joint ventures [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfJointVenturesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfJointVenturesLineItems"/>
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<link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_41573328-c547-413d-a13f-7a982899b6e4_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share-based payments </link:label>
<link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense from share-based payment transactions with employees </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
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<link:label id="lab_ifrs-full_CurrentAssetsAbstract_7ec7d0d2-66c3-4154-a06c-dad7e7d4cb8a_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current assets </link:label>
<link:label id="lab_ifrs-full_CurrentAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssetsAbstract" xlink:to="lab_ifrs-full_CurrentAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember_8ef1df7e-5748-4b98-bd5e-f0239dbe0cc1_terseLabel_en-US" xlink:label="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other deductible temporary differencesc </link:label>
<link:label id="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember_label_en-US" xlink:label="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:label id="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember_documentation_en-US" xlink:label="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherTemporaryDifferencesDeferredTaxAssetMember" xlink:href="bp-20231231.xsd#bp_OtherTemporaryDifferencesDeferredTaxAssetMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherTemporaryDifferencesDeferredTaxAssetMember" xlink:to="lab_bp_OtherTemporaryDifferencesDeferredTaxAssetMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting_b59aca75-3d72-4035-aae3-d8f7169e9377_negatedTerseLabel_en-US" xlink:label="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial liabilities held for trading, before netting </link:label>
<link:label id="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting_label_en-US" xlink:label="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Liabilities Held For Trading, Before Netting </link:label>
<link:label id="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting_documentation_en-US" xlink:label="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Financial Liabilities Held For Trading, Before Netting </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting" xlink:href="bp-20231231.xsd#bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting" xlink:to="lab_bp_DerivativeFinancialLiabilitiesHeldForTradingBeforeNetting" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_9e1778cd-e141-44ec-ab8a-a5ee788d5074_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Categories of related parties [axis] </link:label>
<link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Categories of related parties [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherCurrentPayables_2c351a1d-754f-46c4-9d8a-e9bbe6b6ac5b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other current payables </link:label>
<link:label id="lab_ifrs-full_OtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other current payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherCurrentPayables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentPayables" xlink:to="lab_ifrs-full_OtherCurrentPayables" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract_eb7b7da1-d471-4f56-8d61-3eeeefdee8e2_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in deferred tax liability (asset) [abstract] </link:label>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in deferred tax liability (asset) [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EarningsPerShareTable_fc918df8-732c-4d4a-9064-0666d80c6c61_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Earnings per share [table] </link:label>
<link:label id="lab_ifrs-full_EarningsPerShareTable_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Earnings per share [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EarningsPerShareTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareTable" xlink:to="lab_ifrs-full_EarningsPerShareTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OilAndGasCrudeOilMember_f1296517-7d61-4cce-80bb-b073fd28e040_terseLabel_en-US" xlink:label="lab_bp_OilAndGasCrudeOilMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Crude oil </link:label>
<link:label id="lab_bp_OilAndGasCrudeOilMember_label_en-US" xlink:label="lab_bp_OilAndGasCrudeOilMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Oil And Gas, Crude Oil [Member] </link:label>
<link:label id="lab_bp_OilAndGasCrudeOilMember_documentation_en-US" xlink:label="lab_bp_OilAndGasCrudeOilMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Oil And Gas, Crude Oil [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilAndGasCrudeOilMember" xlink:href="bp-20231231.xsd#bp_OilAndGasCrudeOilMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilAndGasCrudeOilMember" xlink:to="lab_bp_OilAndGasCrudeOilMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TypesOfBondAxis_cb13c748-fa84-4e00-b3a7-684ad67f4691_terseLabel_en-US" xlink:label="lab_bp_TypesOfBondAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Types of bond [Axis] </link:label>
<link:label id="lab_bp_TypesOfBondAxis_label_en-US" xlink:label="lab_bp_TypesOfBondAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Types of bond [Axis] </link:label>
<link:label id="lab_bp_TypesOfBondAxis_documentation_en-US" xlink:label="lab_bp_TypesOfBondAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Types of bond </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TypesOfBondAxis" xlink:href="bp-20231231.xsd#bp_TypesOfBondAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TypesOfBondAxis" xlink:to="lab_bp_TypesOfBondAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FERCAndCFTCMattersMember_e38c89e3-2467-4f66-a536-71a95a5c222d_terseLabel_en-US" xlink:label="lab_bp_FERCAndCFTCMattersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> FERC and CFTC matters </link:label>
<link:label id="lab_bp_FERCAndCFTCMattersMember_label_en-US" xlink:label="lab_bp_FERCAndCFTCMattersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> FERC and CFTC matters [Member] </link:label>
<link:label id="lab_bp_FERCAndCFTCMattersMember_documentation_en-US" xlink:label="lab_bp_FERCAndCFTCMattersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> FERC and CFTC matters </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FERCAndCFTCMattersMember" xlink:href="bp-20231231.xsd#bp_FERCAndCFTCMattersMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FERCAndCFTCMattersMember" xlink:to="lab_bp_FERCAndCFTCMattersMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OutflowsOfCashFromInvestingActivities_86c1a84b-a7a9-4eab-bb80-f91a8b1f9aa1_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Total cash capital expenditure </link:label>
<link:label id="lab_ifrs-full_OutflowsOfCashFromInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Outflows of cash from investing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentPayables_737ceb21-cfea-4cb9-ba57-95ca035e81d4_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other payables </link:label>
<link:label id="lab_ifrs-full_NoncurrentPayables_05bd7e84-1466-4712-9e6e-45d7fa79fb40_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other non-current payables </link:label>
<link:label id="lab_ifrs-full_NoncurrentPayables_label_en-US" xlink:label="lab_ifrs-full_NoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other non-current payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentPayables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentPayables" xlink:to="lab_ifrs-full_NoncurrentPayables" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_7c33c0d1-173e-409e-b1ca-276e896eed33_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Cash collateral (received) pledged </link:label>
<link:label id="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:to="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccrualsClassifiedAsNoncurrent_60a6d390-c575-417c-b477-e93bf1ff7862_terseLabel_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accruals </link:label>
<link:label id="lab_ifrs-full_AccrualsClassifiedAsNoncurrent_label_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accruals classified as non-current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccrualsClassifiedAsNoncurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccrualsClassifiedAsNoncurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccrualsClassifiedAsNoncurrent" xlink:to="lab_ifrs-full_AccrualsClassifiedAsNoncurrent" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_3af6c344-b39c-47b6-9dcf-88cf62cb104c_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement of changes in equity [line items] </link:label>
<link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of changes in equity [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfChangesInEquityLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_017c0406-fe6f-4063-9d58-237412b5a05a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Income tax relating to items that may be reclassified </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to components of other comprehensive income that will be reclassified to profit or loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForAssociatesMember_08d8e8f4-9b6f-4b8d-b0c8-2bb4a249509f_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for associates [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForAssociatesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for associates [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForAssociatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForAssociatesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForAssociatesMember" xlink:to="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ValueAtRisk_afa4b789-8107-4a05-a392-c3661e4c7d86_terseLabel_en-US" xlink:label="lab_ifrs-full_ValueAtRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Value at risk </link:label>
<link:label id="lab_ifrs-full_ValueAtRisk_label_en-US" xlink:label="lab_ifrs-full_ValueAtRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Value at risk </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValueAtRisk" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ValueAtRisk"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValueAtRisk" xlink:to="lab_ifrs-full_ValueAtRisk" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_ce922442-8983-4f26-85da-2e4110879538_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of financial assets [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of financial assets [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfFinancialAssetsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLossAbstract_a2cbdc0b-3f6b-4ea2-8572-09db37cfe2cd_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) [abstract] </link:label>
<link:label id="lab_ifrs-full_ProfitLossAbstract_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss) [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAbstract" xlink:to="lab_ifrs-full_ProfitLossAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_fd2dd535-f766-4be7-a50a-484bc3a769c2_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through other changes, liabilities arising from financing activities </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through other changes, liabilities arising from financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset_2f082e90-8730-4354-a262-2208d3ab4c6b_terseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Payments in respect of settlements, net defined benefit liability (asset) </link:label>
<link:label id="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AssetsAbstract_62272062-1d92-408c-a6cf-d54b75b7f64f_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment assets </link:label>
<link:label id="lab_ifrs-full_AssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPProductsNorthAmericaMember_74ad6e1a-50ea-495e-8313-6c68c579215a_terseLabel_en-US" xlink:label="lab_bp_BPProductsNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Products North America Inc. </link:label>
<link:label id="lab_bp_BPProductsNorthAmericaMember_label_en-US" xlink:label="lab_bp_BPProductsNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Products North America [Member] </link:label>
<link:label id="lab_bp_BPProductsNorthAmericaMember_documentation_en-US" xlink:label="lab_bp_BPProductsNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Products North America [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPProductsNorthAmericaMember" xlink:href="bp-20231231.xsd#bp_BPProductsNorthAmericaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPProductsNorthAmericaMember" xlink:to="lab_bp_BPProductsNorthAmericaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_9ba0d138-2bf6-4fbb-9fe1-df28eae45cc3_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges (including reclassifications), pre-tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, cash flow hedges </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_4919f9a8-a555-4599-88af-07380d273d8f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of net defined benefit liability (asset) </link:label>
<link:label id="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of net defined benefit liability (asset) [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_04fc2cde-7023-49a7-a04f-74d72b037bf5_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Income tax relating to items that will not be reclassified </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FloatingInterestRateMember_52dd08bb-8120-45ca-be3c-dcb9a21dbffa_terseLabel_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Floating interest rate </link:label>
<link:label id="lab_ifrs-full_FloatingInterestRateMember_label_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Floating interest rate [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FloatingInterestRateMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FloatingInterestRateMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FloatingInterestRateMember" xlink:to="lab_ifrs-full_FloatingInterestRateMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Surplusdeficitinplanassetrecognized_6696f403-40d4-4d75-8a8b-4d1cb321896f_terseLabel_en-US" xlink:label="lab_bp_Surplusdeficitinplanassetrecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan, asset recognized </link:label>
<link:label id="lab_bp_Surplusdeficitinplanassetrecognized_label_en-US" xlink:label="lab_bp_Surplusdeficitinplanassetrecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan, asset recognized </link:label>
<link:label id="lab_bp_Surplusdeficitinplanassetrecognized_documentation_en-US" xlink:label="lab_bp_Surplusdeficitinplanassetrecognized" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Surplus (deficit) in plan, asset recognized </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Surplusdeficitinplanassetrecognized" xlink:href="bp-20231231.xsd#bp_Surplusdeficitinplanassetrecognized"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Surplusdeficitinplanassetrecognized" xlink:to="lab_bp_Surplusdeficitinplanassetrecognized" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityFileNumber_1cc719b2-36bd-44b8-86ea-fc5c5dea7391_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity File Number </link:label>
<link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity File Number </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmissionsMember_92b62a31-8224-4d8c-adb4-18bd292d8717_terseLabel_en-US" xlink:label="lab_bp_EmissionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Emissions </link:label>
<link:label id="lab_bp_EmissionsMember_label_en-US" xlink:label="lab_bp_EmissionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Emissions [Member] </link:label>
<link:label id="lab_bp_EmissionsMember_documentation_en-US" xlink:label="lab_bp_EmissionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Emissions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmissionsMember" xlink:href="bp-20231231.xsd#bp_EmissionsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmissionsMember" xlink:to="lab_bp_EmissionsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfTradeAndOtherReceivablesTable_48e2b096-a0fa-44aa-be74-520dc1f9f2fb_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfTradeAndOtherReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other receivables [Table] </link:label>
<link:label id="lab_bp_DisclosureOfTradeAndOtherReceivablesTable_label_en-US" xlink:label="lab_bp_DisclosureOfTradeAndOtherReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other receivables [Table] </link:label>
<link:label id="lab_bp_DisclosureOfTradeAndOtherReceivablesTable_documentation_en-US" xlink:label="lab_bp_DisclosureOfTradeAndOtherReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfTradeAndOtherReceivablesTable" xlink:href="bp-20231231.xsd#bp_DisclosureOfTradeAndOtherReceivablesTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfTradeAndOtherReceivablesTable" xlink:to="lab_bp_DisclosureOfTradeAndOtherReceivablesTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProvisionsforDecommissioningMember_6aaf84b2-30d1-4285-8a7b-fcf7fd59a50c_terseLabel_en-US" xlink:label="lab_bp_ProvisionsforDecommissioningMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Decommissioning </link:label>
<link:label id="lab_bp_ProvisionsforDecommissioningMember_label_en-US" xlink:label="lab_bp_ProvisionsforDecommissioningMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions for Decommissioning [Member] </link:label>
<link:label id="lab_bp_ProvisionsforDecommissioningMember_documentation_en-US" xlink:label="lab_bp_ProvisionsforDecommissioningMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisions for Decommissioning [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionsforDecommissioningMember" xlink:href="bp-20231231.xsd#bp_ProvisionsforDecommissioningMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionsforDecommissioningMember" xlink:to="lab_bp_ProvisionsforDecommissioningMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory_cd98b7df-b4ea-47ac-b02e-39910a8c502b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of offsetting of financial liabilities </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of offsetting of financial liabilities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherNoncurrentFinancialAssets_53a419b9-0e83-44aa-8930-a64c0a492588_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other investments </link:label>
<link:label id="lab_ifrs-full_OtherNoncurrentFinancialAssets_b18abad6-c9a6-4815-b02b-bec89fbb3b8e_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other non-current investments </link:label>
<link:label id="lab_ifrs-full_OtherNoncurrentFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other non-current financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherNoncurrentFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNoncurrentFinancialAssets" xlink:to="lab_ifrs-full_OtherNoncurrentFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_fac58566-04f9-4bb9-bc80-68e7091de63e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets at fair value, class [member] </link:label>
<link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial assets at fair value, class [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsAtFairValueMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged_1c9932fc-ffdf-40c1-ba43-a3ddcbb187ad_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial assets, undiscounted cash flows </link:label>
<link:label id="lab_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged_label_en-US" xlink:label="lab_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contractual amounts to be exchanged in derivative financial instrument for which gross cash flows are exchanged </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged" xlink:to="lab_ifrs-full_ContractualAmountsToBeExchangedInDerivativeFinancialInstrumentForWhichGrossCashFlowsAreExchanged" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_44499107-2ba4-4867-979f-37ae68a5a31b_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investing activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) investing activities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_ace09347-a8e8-42ec-b93f-975af0055eb8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Fair value of derivative liabilities </link:label>
<link:label id="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_label_en-US" xlink:label="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProductAndServiceOther1Member_eab0be9c-a2fe-47e0-8de7-f70ae0067578_terseLabel_en-US" xlink:label="lab_bp_ProductAndServiceOther1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-oil products and other revenues from contracts with customers </link:label>
<link:label id="lab_bp_ProductAndServiceOther1Member_label_en-US" xlink:label="lab_bp_ProductAndServiceOther1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Product And Service Other 1 [Member] </link:label>
<link:label id="lab_bp_ProductAndServiceOther1Member_documentation_en-US" xlink:label="lab_bp_ProductAndServiceOther1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Product And Service Other 1 [Member] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProductAndServiceOther1Member" xlink:to="lab_bp_ProductAndServiceOther1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLoss_813e9011-bc6d-4ab5-92db-4bd56c74007e_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) for the year </link:label>
<link:label id="lab_ifrs-full_ProfitLoss_189616ed-81d3-42a1-84e0-d370082476b2_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) for the year </link:label>
<link:label id="lab_ifrs-full_ProfitLoss_label_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ParValuePerShare_346abedf-2d4d-4cb9-84f4-2936694d3541_terseLabel_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Par value per share </link:label>
<link:label id="lab_ifrs-full_ParValuePerShare_label_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Par value per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ParValuePerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ParValuePerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ParValuePerShare" xlink:to="lab_ifrs-full_ParValuePerShare" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed_f28dcfe4-a1dd-4964-a62b-dcf313b91e4e_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short-term lease expense </link:label>
<link:label id="lab_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed_label_en-US" xlink:label="lab_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense relating to short-term leases for which recognition exemption has been used </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:to="lab_ifrs-full_ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract_04ec11cb-993f-49ef-967d-dc738dc92ca3_terseLabel_en-US" xlink:label="lab_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Movements in benefit obligation and fair value of plan assets during the year </link:label>
<link:label id="lab_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Changes in net defined benefit liability (asset) [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:to="lab_ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_dei_AuditorFirmId_8a5f765b-7503-45bb-96ad-60a00d8f0006_terseLabel_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor Firm ID </link:label>
<link:label id="lab_dei_AuditorFirmId_label_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor Firm ID </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorFirmId"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorFirmId" xlink:to="lab_dei_AuditorFirmId" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityShellCompany_bf4a0563-c8f5-43e5-9072-9addf376b1b4_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Shell Company </link:label>
<link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Shell Company </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PensionPlansDefinedBenefit1Member_8cc8fdef-eb1a-405d-9ae4-762dcce17b64_terseLabel_en-US" xlink:label="lab_bp_PensionPlansDefinedBenefit1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pension plans defined benefit </link:label>
<link:label id="lab_bp_PensionPlansDefinedBenefit1Member_label_en-US" xlink:label="lab_bp_PensionPlansDefinedBenefit1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pension Plans Defined Benefit 1 [Member] </link:label>
<link:label id="lab_bp_PensionPlansDefinedBenefit1Member_documentation_en-US" xlink:label="lab_bp_PensionPlansDefinedBenefit1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Pension Plans Defined Benefit 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PensionPlansDefinedBenefit1Member" xlink:href="bp-20231231.xsd#bp_PensionPlansDefinedBenefit1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PensionPlansDefinedBenefit1Member" xlink:to="lab_bp_PensionPlansDefinedBenefit1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans_b2325597-ca92-4cba-8541-0c6591042141_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Services relating to BP pension plans </link:label>
<link:label id="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Services Relating Defined Benefit Plans </link:label>
<link:label id="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Services Relating Defined Benefit Plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans" xlink:to="lab_bp_AuditorsRemunerationForServicesRelatingDefinedBenefitPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_3bb1ce3c-4704-4bec-8f5b-347b33a83329_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfers to property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through transfers, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentReceivablesDueFromRelatedParties_f0350fcc-3eba-4182-8143-452eeb440ea9_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current receivables due from related parties </link:label>
<link:label id="lab_ifrs-full_NoncurrentReceivablesDueFromRelatedParties_label_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current receivables due from related parties </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentReceivablesDueFromRelatedParties"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:to="lab_ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentLoansAndReceivables_83eed1a1-ea5a-4e9b-bce2-3f01c0c53a05_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:label id="lab_ifrs-full_CurrentLoansAndReceivables_label_en-US" xlink:label="lab_ifrs-full_CurrentLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current loans and receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLoansAndReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLoansAndReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLoansAndReceivables" xlink:to="lab_ifrs-full_CurrentLoansAndReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_99a679f8-4c1c-48b3-a798-58ee55414bf3_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income taxes </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for income tax [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity_0168cd01-a720-4e82-9508-f12de668b72e_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issue of new shares for employee share-based payment plans </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Issuance For Employee Share-Based Payment Plans, Equity </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Issuance For Employee Share-Based Payment Plans, Equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlansEquity"/>
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<link:label id="lab_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory_f4579c4d-95f1-4af5-af78-9f53ae046ff4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments in joint ventures </link:label>
<link:label id="lab_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of interests in joint arrangements [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory"/>
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<link:label id="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_8f074f85-19a3-4bc4-9c5e-dad323a2e6a3_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities included in disposal groups classified as held for sale </link:label>
<link:label id="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_8b612e92-2eaf-4d63-98e6-4690ba1ed636_negatedLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Liabilities included in disposal groups classified as held for sale </link:label>
<link:label id="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities included in disposal groups classified as held for sale </link:label>
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<link:label id="lab_bp_A3017GuaranteedNotesDue2027Member_75c71043-3f35-4fc1-a7ee-313949d5c642_terseLabel_en-US" xlink:label="lab_bp_A3017GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.017% Guaranteed Notes due 2027 </link:label>
<link:label id="lab_bp_A3017GuaranteedNotesDue2027Member_label_en-US" xlink:label="lab_bp_A3017GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.017% Guaranteed Notes due 2027 [Member] </link:label>
<link:label id="lab_bp_A3017GuaranteedNotesDue2027Member_documentation_en-US" xlink:label="lab_bp_A3017GuaranteedNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.017% Guaranteed Notes due 2027 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3017GuaranteedNotesDue2027Member" xlink:href="bp-20231231.xsd#bp_A3017GuaranteedNotesDue2027Member"/>
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<link:label id="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability_45239365-f8c0-4431-8364-95d490054f12_terseLabel_en-US" xlink:label="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current sales taxes, customs duties, production taxes and social security </link:label>
<link:label id="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability_label_en-US" xlink:label="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-Current Sales And Production Taxes, Customs Duties, And Social Securities Payable, Non-Financial Liability </link:label>
<link:label id="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability_documentation_en-US" xlink:label="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-Current Sales And Production Taxes, Customs Duties, And Social Securities Payable, Non-Financial Liability </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:href="bp-20231231.xsd#bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:to="lab_bp_NonCurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree_d7dd268d-d14c-411f-84fd-2261a0527bba_terseLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of equity instruments other than options, expected to vest within three years (in shares) </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree_label_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Three </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Three </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree" xlink:href="bp-20231231.xsd#bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree"/>
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<link:label id="lab_ifrs-full_CommodityPriceRiskMember_ac8db458-c72b-411d-b7e8-f9ff845f67df_terseLabel_en-US" xlink:label="lab_ifrs-full_CommodityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commodity price risk </link:label>
<link:label id="lab_ifrs-full_CommodityPriceRiskMember_label_en-US" xlink:label="lab_ifrs-full_CommodityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commodity price risk [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CommodityPriceRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CommodityPriceRiskMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommodityPriceRiskMember" xlink:to="lab_ifrs-full_CommodityPriceRiskMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_1bc631be-e666-4356-abbf-ab3b985921e9_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement of changes in equity [abstract] </link:label>
<link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of changes in equity [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonControllingInterestsHybridBondsMember_abdb3699-28d2-43f1-8825-1609a7939766_terseLabel_en-US" xlink:label="lab_bp_NonControllingInterestsHybridBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests, hybrid bonds [Member] </link:label>
<link:label id="lab_bp_NonControllingInterestsHybridBondsMember_label_en-US" xlink:label="lab_bp_NonControllingInterestsHybridBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-controlling interests, hybrid bonds [Member] </link:label>
<link:label id="lab_bp_NonControllingInterestsHybridBondsMember_documentation_en-US" xlink:label="lab_bp_NonControllingInterestsHybridBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-controlling interests, hybrid bonds </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonControllingInterestsHybridBondsMember" xlink:href="bp-20231231.xsd#bp_NonControllingInterestsHybridBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonControllingInterestsHybridBondsMember" xlink:to="lab_bp_NonControllingInterestsHybridBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EuroBondsMember_ab097aa6-72ea-45c1-bf2b-d834d99e63e7_terseLabel_en-US" xlink:label="lab_bp_EuroBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Euro bonds [Member] </link:label>
<link:label id="lab_bp_EuroBondsMember_label_en-US" xlink:label="lab_bp_EuroBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Euro bonds [Member] </link:label>
<link:label id="lab_bp_EuroBondsMember_documentation_en-US" xlink:label="lab_bp_EuroBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Euro bonds </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EuroBondsMember" xlink:href="bp-20231231.xsd#bp_EuroBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EuroBondsMember" xlink:to="lab_bp_EuroBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities_217d61d5-f0c5-4f24-b4b4-59d9bff4aa70_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest payable on other liabilities measured at amortized cost </link:label>
<link:label id="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest expense on other financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgingInstrumentLiabilities_83667b92-81ea-4943-8c3f-9fac0c599f51_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Hedges, Fair value liability </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentLiabilities_6c35c190-98d3-4c2f-a499-f890459063ad_negatedLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Hedging instrument, liabilities </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentLiabilities_0295cdb3-ad2f-43bb-8238-4c6234855e5e_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedging instrument, liabilities </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentLiabilities_label_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedging instrument, liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgingInstrumentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgingInstrumentLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentLiabilities" xlink:to="lab_ifrs-full_HedgingInstrumentLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_375cb5e9-fcb3-433e-aeb8-be71cc2339da_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Experience gains and losses arising on the plan liabilities </link:label>
<link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset"/>
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<link:label id="lab_bp_MaleCurrentlyAtAge60Member_4ccdd7d3-dcdc-44cc-9b69-4ae034d03bf1_terseLabel_en-US" xlink:label="lab_bp_MaleCurrentlyAtAge60Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Life expectancy at age 60 for a male currently aged 60 </link:label>
<link:label id="lab_bp_MaleCurrentlyAtAge60Member_label_en-US" xlink:label="lab_bp_MaleCurrentlyAtAge60Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Male Currently At Age 60 [Member] </link:label>
<link:label id="lab_bp_MaleCurrentlyAtAge60Member_documentation_en-US" xlink:label="lab_bp_MaleCurrentlyAtAge60Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Male Currently At Age 60 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MaleCurrentlyAtAge60Member" xlink:href="bp-20231231.xsd#bp_MaleCurrentlyAtAge60Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_MaleCurrentlyAtAge60Member" xlink:to="lab_bp_MaleCurrentlyAtAge60Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost_c76692d3-c642-4713-a632-8273f534e700_terseLabel_en-US" xlink:label="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expense Due To Unwinding Of Other Payables Measured At Amortized Cost </link:label>
<link:label id="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost_label_en-US" xlink:label="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense Due To Unwinding Of Other Payables Measured At Amortized Cost </link:label>
<link:label id="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost_documentation_en-US" xlink:label="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expense Due To Unwinding Of Other Payables Measured At Amortized Cost </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost" xlink:href="bp-20231231.xsd#bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost" xlink:to="lab_bp_ExpenseDueToUnwindingOfOtherPayablesMeasuredAtAmortizedCost" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts_0dab04a1-03c9-460e-afcf-1577ba0c53b9_terseLabel_en-US" xlink:label="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate for plan service costb </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts_label_en-US" xlink:label="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Discount Rates For Plan Service Costs </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts_documentation_en-US" xlink:label="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Discount Rates For Plan Service Costs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts" xlink:href="bp-20231231.xsd#bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts" xlink:to="lab_bp_ActuarialAssumptionOfDiscountRatesForPlanServiceCosts" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember_0c9a6c5f-8c0f-494f-90d9-4d798676fb98_terseLabel_en-US" xlink:label="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Futures, Options, Swaps, and Forward Derivative Contracts </link:label>
<link:label id="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember_label_en-US" xlink:label="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Futures, Options, Swaps, And Forward Derivative Contracts [Member] </link:label>
<link:label id="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember_documentation_en-US" xlink:label="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Futures, Options, Swaps, And Forward Derivative Contracts [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember" xlink:href="bp-20231231.xsd#bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember" xlink:to="lab_bp_FuturesOptionsSwapsAndForwardDerivativeContractsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember_67ebe7e5-176a-46b2-a45f-e3dbc87e2505_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumption of discount rates [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionOfDiscountRatesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:to="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_ContactPersonnelName_9d861c4e-f1de-42f0-b14b-5932c75c83b1_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contact Personnel Name </link:label>
<link:label id="lab_dei_ContactPersonnelName_label_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contact Personnel Name </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_ContactPersonnelName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelName" xlink:to="lab_dei_ContactPersonnelName" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestIncomeNetDefinedBenefitAsset_9d77e559-2263-4d67-b615-6ac232b4ce95_negatedTerseLabel_en-US" xlink:label="lab_bp_InterestIncomeNetDefinedBenefitAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Interest income on plan assets </link:label>
<link:label id="lab_bp_InterestIncomeNetDefinedBenefitAsset_label_en-US" xlink:label="lab_bp_InterestIncomeNetDefinedBenefitAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income, Net Defined Benefit Asset </link:label>
<link:label id="lab_bp_InterestIncomeNetDefinedBenefitAsset_documentation_en-US" xlink:label="lab_bp_InterestIncomeNetDefinedBenefitAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest Income, Net Defined Benefit Asset </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestIncomeNetDefinedBenefitAsset" xlink:href="bp-20231231.xsd#bp_InterestIncomeNetDefinedBenefitAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestIncomeNetDefinedBenefitAsset" xlink:to="lab_bp_InterestIncomeNetDefinedBenefitAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestsInOtherEntitiesAbstract_a50e9c0a-d26a-4ab2-a5b8-4a934c01156b_terseLabel_en-US" xlink:label="lab_bp_InterestsInOtherEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interests In Other Entities [Abstract] </link:label>
<link:label id="lab_bp_InterestsInOtherEntitiesAbstract_label_en-US" xlink:label="lab_bp_InterestsInOtherEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interests In Other Entities [Abstract] </link:label>
<link:label id="lab_bp_InterestsInOtherEntitiesAbstract_documentation_en-US" xlink:label="lab_bp_InterestsInOtherEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interests In Other Entities [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestsInOtherEntitiesAbstract" xlink:href="bp-20231231.xsd#bp_InterestsInOtherEntitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestsInOtherEntitiesAbstract" xlink:to="lab_bp_InterestsInOtherEntitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ApplicableTaxRate_9332c1d3-ea3a-437d-a270-55c30f26e432_terseLabel_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax rate computed at the weighted average statutory rate </link:label>
<link:label id="lab_ifrs-full_ApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Applicable tax rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ApplicableTaxRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ApplicableTaxRate" xlink:to="lab_ifrs-full_ApplicableTaxRate" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentRegistrationStatement_aa681272-6aeb-453d-96af-ca73bb19e0a6_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Registration Statement </link:label>
<link:label id="lab_dei_DocumentRegistrationStatement_label_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Registration Statement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentRegistrationStatement" xlink:to="lab_dei_DocumentRegistrationStatement" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory_832fc26e-dc5d-45fc-9df6-47ce755b4a97_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of plan assets </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of plan assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressAddressLine1_8cbb7ecc-4208-48e4-9d4f-5cda1c7169f4_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, Address Line One </link:label>
<link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, Address Line One </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_f5b7e32b-fefb-4cd8-934c-fa7b99edb5ba_totalLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total audit and audit-related assurance services </link:label>
<link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration for audit services </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AuditorsRemunerationForAuditServices"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:to="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember_91ccaa77-68a1-4bfc-bc04-29d5b589802f_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measured at amortized cost </link:label>
<link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial assets at amortised cost, class [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsAtAmortisedCostMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MovementInCashFlowHedgeReserveAbstract_97246d51-78e7-4a9a-ac5d-92c5de89dd37_terseLabel_en-US" xlink:label="lab_bp_MovementInCashFlowHedgeReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Movement in cash flow hedge reserve </link:label>
<link:label id="lab_bp_MovementInCashFlowHedgeReserveAbstract_label_en-US" xlink:label="lab_bp_MovementInCashFlowHedgeReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Movement In Cash Flow Hedge Reserve [Abstract] </link:label>
<link:label id="lab_bp_MovementInCashFlowHedgeReserveAbstract_documentation_en-US" xlink:label="lab_bp_MovementInCashFlowHedgeReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Movement In Cash Flow Hedge Reserve [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MovementInCashFlowHedgeReserveAbstract" xlink:href="bp-20231231.xsd#bp_MovementInCashFlowHedgeReserveAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_MovementInCashFlowHedgeReserveAbstract" xlink:to="lab_bp_MovementInCashFlowHedgeReserveAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_b4070986-55d7-427e-a249-2438a6bd3e8c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Repurchase of shares </link:label>
<link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_ee2fe6f5-52a6-484a-8dfa-88b01f7cbdbe_terseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Payments to acquire or redeem entity's shares </link:label>
<link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_label_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments to acquire or redeem entity's shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:to="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RetirementPlanFundingStatus1Member_a5eb597e-cc95-4869-975b-0c73dde78fa8_terseLabel_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Member] </link:label>
<link:label id="lab_bp_RetirementPlanFundingStatus1Member_label_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Member] </link:label>
<link:label id="lab_bp_RetirementPlanFundingStatus1Member_documentation_en-US" xlink:label="lab_bp_RetirementPlanFundingStatus1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retirement Plan Funding Status 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RetirementPlanFundingStatus1Member" xlink:href="bp-20231231.xsd#bp_RetirementPlanFundingStatus1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RetirementPlanFundingStatus1Member" xlink:to="lab_bp_RetirementPlanFundingStatus1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock_3ca37b56-3368-4b66-afe9-8f1c518b708e_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of fair value of derivative instruments </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Fair Value of Derivative Instruments Explanatory [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information About Fair Value of Derivative Instruments Explanatory [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationAboutFairValueofDerivativeInstrumentsExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_8252e37c-5c95-46d0-90f4-84c846997a71_verboseLabel_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Aggregate contributions </link:label>
<link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_4b27d12b-908a-44cf-ad31-6764b124d4f8_terseLabel_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contributions to plan by employer, net defined benefit liability (asset) </link:label>
<link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from resulting from contributions to plan by employer </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPCapitalMarketsMember_3ad6fffd-9184-4e88-af46-71326eb8c893_terseLabel_en-US" xlink:label="lab_bp_BPCapitalMarketsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Capital Markets p.l.c. </link:label>
<link:label id="lab_bp_BPCapitalMarketsMember_label_en-US" xlink:label="lab_bp_BPCapitalMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Capital Markets [Member] </link:label>
<link:label id="lab_bp_BPCapitalMarketsMember_documentation_en-US" xlink:label="lab_bp_BPCapitalMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Capital Markets [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPCapitalMarketsMember" xlink:href="bp-20231231.xsd#bp_BPCapitalMarketsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPCapitalMarketsMember" xlink:to="lab_bp_BPCapitalMarketsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EliminationOfIntersegmentAmountsMember_dbeb4493-5992-42ae-b3df-62516fa5885e_terseLabel_en-US" xlink:label="lab_ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation adjustment and eliminations </link:label>
<link:label id="lab_ifrs-full_EliminationOfIntersegmentAmountsMember_label_en-US" xlink:label="lab_ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Elimination of intersegment amounts [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember"/>
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<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_86fc1231-b519-4baa-9fe9-a9e7cace846f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about intangible assets </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of changes in intangible assets and goodwill [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory"/>
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<link:label id="lab_bp_SharePrice1_8417efc7-6b0e-41f2-ae93-586ec69d237b_terseLabel_en-US" xlink:label="lab_bp_SharePrice1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Quoted market price (gbp per share) </link:label>
<link:label id="lab_bp_SharePrice1_label_en-US" xlink:label="lab_bp_SharePrice1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share Price1 </link:label>
<link:label id="lab_bp_SharePrice1_documentation_en-US" xlink:label="lab_bp_SharePrice1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share Price1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SharePrice1" xlink:href="bp-20231231.xsd#bp_SharePrice1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SharePrice1" xlink:to="lab_bp_SharePrice1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases_47312e8f-c091-47de-ad7f-9e84a272fa5f_terseLabel_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Rate of increase in deferred pensions </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases_label_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Expected Rates Of Deferred Pension Increases </link:label>
<link:label id="lab_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases_documentation_en-US" xlink:label="lab_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Actuarial Assumption Of Expected Rates Of Deferred Pension Increases </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases" xlink:href="bp-20231231.xsd#bp_ActuarialAssumptionOfExpectedRatesOfDeferredPensionIncreases"/>
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<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_3e525b9b-3e0a-4b85-9857-2a678b2ee38c_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for financial assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentLeaseLiabilities_b6bafa56-0829-4fa1-b7f7-ce413051cba7_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current lease liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current lease liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLeaseLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLeaseLiabilities" xlink:to="lab_ifrs-full_CurrentLeaseLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance_c122daf2-1f23-48cd-a3c5-6bdc03cd5adf_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration for corporate finance, services related to defined benefit plants, and non-audit and other assurance </link:label>
<link:label id="lab_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Corporate Finance, Services Related To Defined Benefit Plants, And Non-audit And Other Assurance </link:label>
<link:label id="lab_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Corporate Finance, Services Related To Defined Benefit Plants, And Non-audit And Other Assurance </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForCorporateFinanceServicesRelatedToDefinedBenefitPlantsAndNonauditAndOtherAssurance"/>
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<link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_1ce3b84f-1011-4d0b-831c-e673abfd8499_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share-based payments, net of tax </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through share-based payment transactions, equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_2e95ed06-f927-472e-8a2a-62d8c052ca27_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about borrowings [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about borrowings [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo_453ae4fa-4b7c-425e-b473-e44c1fccd162_terseLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of equity instruments other than options, expected to vest within two years (in shares) </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo_label_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Two </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest In Year Two </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo" xlink:href="bp-20231231.xsd#bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo" xlink:to="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract_18eaf1c6-0365-411c-9d1b-c38ef5ae9e30_terseLabel_en-US" xlink:label="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract_label_en-US" xlink:label="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other current payables non-financial liabilities [Abstract] </link:label>
<link:label id="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract_documentation_en-US" xlink:label="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade and other current payables non-financial liabilities [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract" xlink:href="bp-20231231.xsd#bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract" xlink:to="lab_bp_TradeandothercurrentpayablesnonfinancialliabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentFinancialLiabilities_955339a7-ecd2-45f6-97f1-b53d490cbc8c_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current financial liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_455aa3f2-5f12-42a6-bae1-b564094ebd43_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Attributable to </link:label>
<link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss), attributable to [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation_0088b27d-9fae-480c-94f8-4fe347cfb633_terseLabel_en-US" xlink:label="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision For Costs Other Than Decommissioning, Nominal Rate Of Inflation </link:label>
<link:label id="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation_label_en-US" xlink:label="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision For Costs Other Than Decommissioning, Nominal Rate Of Inflation </link:label>
<link:label id="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation_documentation_en-US" xlink:label="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provision For Costs Other Than Decommissioning, Nominal Rate Of Inflation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation" xlink:href="bp-20231231.xsd#bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation" xlink:to="lab_bp_ProvisionForCostsOtherThanDecommissioningNominalRateOfInflation" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends_20627040-c159-495d-87e9-641037ee8a14_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less: dividend requirements on preference shares </link:label>
<link:label id="lab_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends_label_en-US" xlink:label="lab_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustment to profit (loss) for preference share dividends </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:to="lab_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses_792a62a2-c675-41d3-b5b7-9c954c623806_terseLabel_en-US" xlink:label="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents disposed of </link:label>
<link:label id="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses_label_en-US" xlink:label="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash And Cash Equivalents, Divested From Disposals Of Investments In Subsidiaries Or Other Businesses </link:label>
<link:label id="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses_documentation_en-US" xlink:label="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cash And Cash Equivalents, Divested From Disposals Of Investments In Subsidiaries Or Other Businesses </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses" xlink:href="bp-20231231.xsd#bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses" xlink:to="lab_bp_CashAndCashEquivalentsDivestedFromDisposalsOfInvestmentsInSubsidiariesOrOtherBusinesses" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_7d484d01-9041-4f65-9c66-198d12080df0_terseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision for decommissioning </link:label>
<link:label id="lab_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_label_en-US" xlink:label="lab_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision for decommissioning, restoration and rehabilitation costs [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:to="lab_ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_5d04212a-414c-4e24-ac8d-669339fc6d06_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) operating activities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A4.893GuaranteedNotesDue2033Member_a2e3b8eb-723c-4134-9d0b-90ec90a3209d_terseLabel_en-US" xlink:label="lab_bp_A4.893GuaranteedNotesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.893% Guaranteed Notes due 2033 </link:label>
<link:label id="lab_bp_A4.893GuaranteedNotesDue2033Member_label_en-US" xlink:label="lab_bp_A4.893GuaranteedNotesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.893% Guaranteed Notes due 2033 [Member] </link:label>
<link:label id="lab_bp_A4.893GuaranteedNotesDue2033Member_documentation_en-US" xlink:label="lab_bp_A4.893GuaranteedNotesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.893% Guaranteed Notes due 2033 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4.893GuaranteedNotesDue2033Member" xlink:href="bp-20231231.xsd#bp_A4.893GuaranteedNotesDue2033Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4.893GuaranteedNotesDue2033Member" xlink:to="lab_bp_A4.893GuaranteedNotesDue2033Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NotLaterThanOneYearMember_4e732861-ae5f-4d95-a918-a4e22ed2ca8d_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Within one year </link:label>
<link:label id="lab_ifrs-full_NotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Not later than one year [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NotLaterThanOneYearMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonUSDollarBorrowingsMember_d07f2a42-63c7-4b72-bb03-99a1565266e4_terseLabel_en-US" xlink:label="lab_bp_NonUSDollarBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other currencies </link:label>
<link:label id="lab_bp_NonUSDollarBorrowingsMember_label_en-US" xlink:label="lab_bp_NonUSDollarBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-US Dollar Borrowings [Member] </link:label>
<link:label id="lab_bp_NonUSDollarBorrowingsMember_documentation_en-US" xlink:label="lab_bp_NonUSDollarBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-US Dollar Borrowings [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonUSDollarBorrowingsMember" xlink:href="bp-20231231.xsd#bp_NonUSDollarBorrowingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonUSDollarBorrowingsMember" xlink:to="lab_bp_NonUSDollarBorrowingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_aecc552b-9cbe-43e6-8530-3acb3985d0c5_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Leases </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for leases [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PowerRelatedDerivativeMember_b51660a1-26be-4055-8616-fd39029b6e46_terseLabel_en-US" xlink:label="lab_bp_PowerRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Power price derivatives </link:label>
<link:label id="lab_bp_PowerRelatedDerivativeMember_label_en-US" xlink:label="lab_bp_PowerRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Power Related Derivative [Member] </link:label>
<link:label id="lab_bp_PowerRelatedDerivativeMember_documentation_en-US" xlink:label="lab_bp_PowerRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Power Related Derivative [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PowerRelatedDerivativeMember" xlink:href="bp-20231231.xsd#bp_PowerRelatedDerivativeMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PowerRelatedDerivativeMember" xlink:to="lab_bp_PowerRelatedDerivativeMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LaterThanOneYearMember_3d027f9f-e311-4e38-8293-a2d049421849_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Later than one year [member] </link:label>
<link:label id="lab_ifrs-full_LaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than one year [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanOneYearMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanOneYearMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember_eec164bc-0406-45a6-982c-5d876b0f2bc9_terseLabel_en-US" xlink:label="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Later than one year and not later than six years [Member] </link:label>
<link:label id="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember_label_en-US" xlink:label="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than one year and not later than six years [Member] </link:label>
<link:label id="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember_documentation_en-US" xlink:label="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Later than one year and not later than six years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LaterThanOneYearAndNotLaterThanSixYearsMember" xlink:href="bp-20231231.xsd#bp_LaterThanOneYearAndNotLaterThanSixYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LaterThanOneYearAndNotLaterThanSixYearsMember" xlink:to="lab_bp_LaterThanOneYearAndNotLaterThanSixYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions_20149edf-9c36-44a8-a6ba-841c9240e7b9_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> New and increase in existing provisionsa </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase in existing provisions, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:to="lab_ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory_6e597180-b50d-45d6-9ab9-acd8e78fa0b3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of liabilities arising from financing activities </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reconciliation of liabilities arising from financing activities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LouisianaCoastalRestorationMember_bf997cf4-b3fd-4056-90ed-8f5d0215fcd5_terseLabel_en-US" xlink:label="lab_bp_LouisianaCoastalRestorationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Louisiana Coastal Restoration </link:label>
<link:label id="lab_bp_LouisianaCoastalRestorationMember_label_en-US" xlink:label="lab_bp_LouisianaCoastalRestorationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Louisiana Coastal Restoration [Member] </link:label>
<link:label id="lab_bp_LouisianaCoastalRestorationMember_documentation_en-US" xlink:label="lab_bp_LouisianaCoastalRestorationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Louisiana Coastal Restoration </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LouisianaCoastalRestorationMember" xlink:href="bp-20231231.xsd#bp_LouisianaCoastalRestorationMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LouisianaCoastalRestorationMember" xlink:to="lab_bp_LouisianaCoastalRestorationMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TerminationBenefitsExpense_eb4974cc-3d6a-42d9-aea5-63e9bead2a7a_terseLabel_en-US" xlink:label="lab_ifrs-full_TerminationBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Termination payments </link:label>
<link:label id="lab_ifrs-full_TerminationBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_TerminationBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Termination benefits expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TerminationBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TerminationBenefitsExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TerminationBenefitsExpense" xlink:to="lab_ifrs-full_TerminationBenefitsExpense" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets_64c15ca6-2b03-4597-8673-82cd76052e28_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables financial assets </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets_label_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Receivables Financial Assets </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets_documentation_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Receivables Financial Assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets" xlink:href="bp-20231231.xsd#bp_TradeAndOtherNonCurrentReceivablesFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets" xlink:to="lab_bp_TradeAndOtherNonCurrentReceivablesFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers_2afd7fa0-2b53-41dc-b0fd-3e931a08c324_verboseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Trade payables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers_4ccc844e-472d-4555-86c9-2e200a34b969_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade payables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade payables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:to="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_e543c39a-c15a-45e1-b1f2-322c86f68b73_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pre-tax </link:label>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments_16bf1a0e-9766-4c77-ac6d-6d5f0b3a37f3_terseLabel_en-US" xlink:label="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill impairment related to expected divestments </link:label>
<link:label id="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments_label_en-US" xlink:label="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Goodwill impairment related to expected divestments </link:label>
<link:label id="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments_documentation_en-US" xlink:label="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Goodwill impairment related to expected divestments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Goodwillimpairmentrelatedtoexpecteddivestments" xlink:href="bp-20231231.xsd#bp_Goodwillimpairmentrelatedtoexpecteddivestments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Goodwillimpairmentrelatedtoexpecteddivestments" xlink:to="lab_bp_Goodwillimpairmentrelatedtoexpecteddivestments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentAssets_89a1abeb-4288-4113-b655-42b192f3152d_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Current assets </link:label>
<link:label id="lab_ifrs-full_CurrentAssets_6952534f-8528-4719-80da-07295bb68b6b_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current assets </link:label>
<link:label id="lab_ifrs-full_CurrentAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="lab_ifrs-full_CurrentAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_3d050cb2-7bec-44c6-83be-59bf221a677e_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Items that may be reclassified subsequently to profit or loss </link:label>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices_bfaeab28-dd77-4e1e-9df2-e1df05ed2ad5_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Taxation compliance services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditors Remuneration For Tax Services, Taxation Compliance Services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditors Remuneration For Tax Services, Taxation Compliance Services </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices" xlink:to="lab_bp_AuditorsRemunerationForTaxServicesTaxationComplianceServices" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation_0031b964-ac56-412d-945e-f054d665863c_terseLabel_en-US" xlink:label="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision For Decommissioning Costs, Nominal Rate Of Inflation </link:label>
<link:label id="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation_label_en-US" xlink:label="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision For Decommissioning Costs, Nominal Rate Of Inflation </link:label>
<link:label id="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation_documentation_en-US" xlink:label="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provision For Decommissioning Costs, Nominal Rate Of Inflation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionForDecommissioningCostsNominalRateOfInflation" xlink:href="bp-20231231.xsd#bp_ProvisionForDecommissioningCostsNominalRateOfInflation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionForDecommissioningCostsNominalRateOfInflation" xlink:to="lab_bp_ProvisionForDecommissioningCostsNominalRateOfInflation" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember_42fd0b6a-d701-434a-bffe-e791c1f15d31_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inflation rate </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumption of expected rates of inflation [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:to="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment_c9c039ec-d6f5-44a7-a9ed-3c4b881402ac_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax incentives for investment </link:label>
<link:label id="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment_label_en-US" xlink:label="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect Of Tax Incentives For Investment </link:label>
<link:label id="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment_documentation_en-US" xlink:label="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect Of Tax Incentives For Investment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxRateEffectOfTaxIncentivesForInvestment" xlink:href="bp-20231231.xsd#bp_TaxRateEffectOfTaxIncentivesForInvestment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TaxRateEffectOfTaxIncentivesForInvestment" xlink:to="lab_bp_TaxRateEffectOfTaxIncentivesForInvestment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UsefulLivesPropertyPlantAndEquipment_4e3bd651-469e-4b79-8a26-6ee53c5afa37_terseLabel_en-US" xlink:label="lab_bp_UsefulLivesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Useful lives of property, plant and equipment </link:label>
<link:label id="lab_bp_UsefulLivesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_bp_UsefulLivesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Useful Lives, Property, Plant And Equipment </link:label>
<link:label id="lab_bp_UsefulLivesPropertyPlantAndEquipment_documentation_en-US" xlink:label="lab_bp_UsefulLivesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Useful Lives, Property, Plant And Equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UsefulLivesPropertyPlantAndEquipment" xlink:href="bp-20231231.xsd#bp_UsefulLivesPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UsefulLivesPropertyPlantAndEquipment" xlink:to="lab_bp_UsefulLivesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_srt_ArithmeticAverageMember_b866c5af-d2b8-436e-b864-ef1fe139b628_terseLabel_en-US" xlink:label="lab_srt_ArithmeticAverageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Arithmetic Average [Member] </link:label>
<link:label id="lab_srt_ArithmeticAverageMember_label_en-US" xlink:label="lab_srt_ArithmeticAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Arithmetic Average [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_srt_ArithmeticAverageMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ArithmeticAverageMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ArithmeticAverageMember" xlink:to="lab_srt_ArithmeticAverageMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax_e4f8fd7f-fbf5-4561-8ef6-dd24b8dad1c4_terseLabel_en-US" xlink:label="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Costs relating to Gulf of Mexico oil spill, pre-interest and tax </link:label>
<link:label id="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax_label_en-US" xlink:label="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Costs relating to Gulf of Mexico oil spill, pre-interest and tax </link:label>
<link:label id="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax_documentation_en-US" xlink:label="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Costs relating to Gulf of Mexico oil spill, pre-interest and tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax" xlink:href="bp-20231231.xsd#bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax" xlink:to="lab_bp_CostsrelatingtoGulfofMexicooilspillpreinterestandtax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TenToTwentyYearsMember_5a18ac9c-f200-48de-8942-8fc2b9ad1f4d_terseLabel_en-US" xlink:label="lab_bp_TenToTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ten to twenty years </link:label>
<link:label id="lab_bp_TenToTwentyYearsMember_label_en-US" xlink:label="lab_bp_TenToTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ten to twenty years [Member] </link:label>
<link:label id="lab_bp_TenToTwentyYearsMember_documentation_en-US" xlink:label="lab_bp_TenToTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Ten to twenty years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TenToTwentyYearsMember" xlink:href="bp-20231231.xsd#bp_TenToTwentyYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TenToTwentyYearsMember" xlink:to="lab_bp_TenToTwentyYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_80034bb6-0565-4be5-b8a0-b1a0e4c19a92_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Net amounts presented on the balance sheet </link:label>
<link:label id="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_label_en-US" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:to="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction_3a32bf6c-f6a2-40fc-ba35-5dd6637d59c9_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Doubtful debt provision, expense </link:label>
<link:label id="lab_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction_label_en-US" xlink:label="lab_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense recognised during period for bad and doubtful debts for related party transaction </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction" xlink:to="lab_ifrs-full_ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsNetOfRelatedHedgingInstruments_55491f4c-6744-4d0a-9127-9a0bd82a39a5_terseLabel_en-US" xlink:label="lab_bp_BorrowingsNetOfRelatedHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt, net of hedging instruments </link:label>
<link:label id="lab_bp_BorrowingsNetOfRelatedHedgingInstruments_label_en-US" xlink:label="lab_bp_BorrowingsNetOfRelatedHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, Net Of Related Hedging Instruments </link:label>
<link:label id="lab_bp_BorrowingsNetOfRelatedHedgingInstruments_documentation_en-US" xlink:label="lab_bp_BorrowingsNetOfRelatedHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings, Net Of Related Hedging Instruments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsNetOfRelatedHedgingInstruments" xlink:href="bp-20231231.xsd#bp_BorrowingsNetOfRelatedHedgingInstruments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsNetOfRelatedHedgingInstruments" xlink:to="lab_bp_BorrowingsNetOfRelatedHedgingInstruments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis_36d32f13-71bd-4015-958b-6dbbc13e5d0b_terseLabel_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset) [axis] </link:label>
<link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis_label_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net defined benefit liability (asset) [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:to="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SwissRetailMember_19a78c76-e982-4a71-adfe-b1e60f5fcf61_terseLabel_en-US" xlink:label="lab_bp_SwissRetailMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Swiss retail [Member] </link:label>
<link:label id="lab_bp_SwissRetailMember_label_en-US" xlink:label="lab_bp_SwissRetailMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Swiss retail [Member] </link:label>
<link:label id="lab_bp_SwissRetailMember_documentation_en-US" xlink:label="lab_bp_SwissRetailMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Swiss retail </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SwissRetailMember" xlink:href="bp-20231231.xsd#bp_SwissRetailMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SwissRetailMember" xlink:to="lab_bp_SwissRetailMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember_877f4c28-5ff4-4ae8-a98c-bddf513b80ff_verboseLabel_en-US" xlink:label="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Total Reserve Of Available-For-Sale Securities And Cash Flow Hedges [Member] </link:label>
<link:label id="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember_7c39f221-8ed8-451a-acac-2f43343826bc_terseLabel_en-US" xlink:label="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total Reserve Of Available-For-Sale Securities And Cash Flow Hedges [Member] </link:label>
<link:label id="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember_label_en-US" xlink:label="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Total Reserve Of Available-For-Sale Securities And Cash Flow Hedges [Member] </link:label>
<link:label id="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember_documentation_en-US" xlink:label="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Total Reserve Of Available-For-Sale Securities And Cash Flow Hedges [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:href="bp-20231231.xsd#bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:to="lab_bp_TotalReserveOfAvailableForSaleSecuritiesAndCashFlowHedgesMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressesAddressTypeAxis_f8135d8b-96bc-49d3-ad4a-23c85cf893e1_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Addresses, Address Type [Axis] </link:label>
<link:label id="lab_dei_EntityAddressesAddressTypeAxis_label_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Addresses, Address Type [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressesAddressTypeAxis" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressesAddressTypeAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressesAddressTypeAxis" xlink:to="lab_dei_EntityAddressesAddressTypeAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxAssetMember_75dce343-6c90-43df-b4e0-cf47af411f08_terseLabel_en-US" xlink:label="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation </link:label>
<link:label id="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxAssetMember_label_en-US" xlink:label="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:label id="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxAssetMember_documentation_en-US" xlink:label="lab_bp_DepreciationRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Depreciation Related Temporary Differences, Deferred Tax Asset </link:label>
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<link:label id="lab_ifrs-full_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss_c7de207c-b445-4860-afb0-f93e514183d7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Share of items relating to equity-accounted entities, net of tax, Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss </link:label>
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<link:label id="lab_dei_EntityCommonStockSharesOutstanding_5aa56069-c72d-45fd-8265-f60724a3a8a7_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Common Stock, Shares Outstanding </link:label>
<link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Common Stock, Shares Outstanding </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld_5c46fe7a-78ff-40dc-bdb3-99baba0df41f_terseLabel_en-US" xlink:label="lab_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of shareholder votes per each 5 pounds in nominal amount held (vote) </link:label>
<link:label id="lab_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld_label_en-US" xlink:label="lab_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Shareholder Votes Per Each 5 Pounds In Nominal Amount Held </link:label>
<link:label id="lab_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld_documentation_en-US" xlink:label="lab_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number Of Shareholder Votes Per Each 5 Pounds In Nominal Amount Held </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld" xlink:href="bp-20231231.xsd#bp_NumberOfShareholderVotesPerEach5PoundsInNominalAmountHeld"/>
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<link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable_c2a40490-7b3b-46f3-b511-85c3ac6da509_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of classes of share capital [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of classes of share capital [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable"/>
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<link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_27570b8c-39b6-4ada-86e9-f4fc818b98cb_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of intangible assets other than goodwill [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of intangible assets other than goodwill [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
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<link:label id="lab_ifrs-full_SocialSecurityContributions_7131e040-75ee-4577-ba6e-ccb2808d12fb_terseLabel_en-US" xlink:label="lab_ifrs-full_SocialSecurityContributions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Social security costs </link:label>
<link:label id="lab_ifrs-full_SocialSecurityContributions_label_en-US" xlink:label="lab_ifrs-full_SocialSecurityContributions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Social security contributions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SocialSecurityContributions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SocialSecurityContributions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SocialSecurityContributions" xlink:to="lab_ifrs-full_SocialSecurityContributions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherProvisionsMember_b6ddd6d7-30be-4051-9d7a-88c60a6d4a18_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other provisions [member] </link:label>
<link:label id="lab_ifrs-full_OtherProvisionsMember_label_en-US" xlink:label="lab_ifrs-full_OtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other provisions [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherProvisionsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherProvisionsMember" xlink:to="lab_ifrs-full_OtherProvisionsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities_74e1a4a2-bdb0-40e4-a908-b2baed2f2f18_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information of maturities of trade and other payables, accrued expenses, finance debt, and Interest </link:label>
<link:label id="lab_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis for non-derivative financial liabilities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities"/>
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<link:label id="lab_ifrs-full_NoncurrentAssetsHeldForSaleMember_5a320f0d-91ce-4c66-880d-547b8bc3a208_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current assets held for sale [member] </link:label>
<link:label id="lab_ifrs-full_NoncurrentAssetsHeldForSaleMember_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current assets held for sale [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentAssetsHeldForSaleMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:to="lab_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_92f3182e-93fe-4157-8610-04fd9b9457f3_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisitions </link:label>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Acquisitions through business combinations, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_JointVenturesAxis_18d70790-2e10-4d22-ade3-d66e5cb6cb5c_terseLabel_en-US" xlink:label="lab_ifrs-full_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint ventures [axis] </link:label>
<link:label id="lab_ifrs-full_JointVenturesAxis_label_en-US" xlink:label="lab_ifrs-full_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint ventures [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointVenturesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_JointVenturesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesAxis" xlink:to="lab_ifrs-full_JointVenturesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock_9941ecfb-9a7e-4094-aa34-4666eedda665_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of trade and other payables </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Trade And Other Payables [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Trade And Other Payables [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationOfTradeAndOtherPayablesTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate_c869e416-a6b4-46a3-aa40-22a4a58813a7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings recognised as of acquisition date </link:label>
<link:label id="lab_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate"/>
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<link:label id="lab_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities_394fd94e-78a9-4854-ba56-09a869e737f1_terseLabel_en-US" xlink:label="lab_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfers out of Level 3 of fair value hierarchy, (assets) liabilities </link:label>
<link:label id="lab_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities_label_en-US" xlink:label="lab_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfers out of Level 3 of fair value hierarchy, (assets) liabilities </link:label>
<link:label id="lab_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities_documentation_en-US" xlink:label="lab_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Transfers out of Level 3 of fair value hierarchy, (assets) liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities" xlink:href="bp-20231231.xsd#bp_TransfersOutOfLevel3OfFairValueHierarchyAssetsLiabilities"/>
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<link:label id="lab_bp_RelatedPartyAbstract_412be754-8bae-4637-8681-a622d45e9295_terseLabel_en-US" xlink:label="lab_bp_RelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Related Party [Abstract] </link:label>
<link:label id="lab_bp_RelatedPartyAbstract_label_en-US" xlink:label="lab_bp_RelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Related Party [Abstract] </link:label>
<link:label id="lab_bp_RelatedPartyAbstract_documentation_en-US" xlink:label="lab_bp_RelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Related Party [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RelatedPartyAbstract" xlink:href="bp-20231231.xsd#bp_RelatedPartyAbstract"/>
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<link:label id="lab_bp_BPCorporationNorthAmericaMember_693e20d7-92f2-418e-a4fe-cf63095bc3cf_terseLabel_en-US" xlink:label="lab_bp_BPCorporationNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Corporation North America Inc. </link:label>
<link:label id="lab_bp_BPCorporationNorthAmericaMember_label_en-US" xlink:label="lab_bp_BPCorporationNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Corporation North America [Member] </link:label>
<link:label id="lab_bp_BPCorporationNorthAmericaMember_documentation_en-US" xlink:label="lab_bp_BPCorporationNorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Corporation North America [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPCorporationNorthAmericaMember" xlink:href="bp-20231231.xsd#bp_BPCorporationNorthAmericaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPCorporationNorthAmericaMember" xlink:to="lab_bp_BPCorporationNorthAmericaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashTransferred_e2bca6e4-5a3d-4a0a-9a52-0ffb9f549bfc_terseLabel_en-US" xlink:label="lab_ifrs-full_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash transferred </link:label>
<link:label id="lab_ifrs-full_CashTransferred_label_en-US" xlink:label="lab_ifrs-full_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash transferred </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashTransferred"/>
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<link:label id="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate_6155c9d2-1277-4c27-b16b-9501a4d38722_terseLabel_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables recognised as of acquisition date </link:label>
<link:label id="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other receivables recognised as of acquisition date </link:label>
<link:label id="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade and other receivables recognised as of acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" xlink:href="bp-20231231.xsd#bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" xlink:to="lab_bp_TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_51cd55cb-c01e-4e87-a073-e81597578771_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Exchange (gains) losses on translation of foreign operations reclassified to gain or loss on sale of businesses and fixed assets </link:label>
<link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reclassification adjustments on exchange differences on translation of foreign operations, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
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<link:label id="lab_bp_SignificantEventAxis_ad03568f-ac85-4044-b544-bebaf9a78bf8_terseLabel_en-US" xlink:label="lab_bp_SignificantEventAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Significant Event [Axis] </link:label>
<link:label id="lab_bp_SignificantEventAxis_label_en-US" xlink:label="lab_bp_SignificantEventAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Significant Event [Axis] </link:label>
<link:label id="lab_bp_SignificantEventAxis_documentation_en-US" xlink:label="lab_bp_SignificantEventAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Significant Event [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SignificantEventAxis" xlink:href="bp-20231231.xsd#bp_SignificantEventAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SignificantEventAxis" xlink:to="lab_bp_SignificantEventAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_4d28129a-b499-4a73-b14a-be641b9a1b77_terseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Decrease through loss of control of subsidiary, other provisions </link:label>
<link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease through loss of control of subsidiary, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:to="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_5c09c8d3-a4b7-450d-86ff-52c58920b2b4_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency translation differences </link:label>
<link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gains (losses) on exchange differences on translation of foreign operations, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter_067832bd-9d4d-460a-8fd4-5c0f2a84d634_terseLabel_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Years Thereafter </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter_label_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Years Thereafter </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter_documentation_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Years Thereafter </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedFutureBenefitPaymentYearsThereafter" xlink:href="bp-20231231.xsd#bp_ExpectedFutureBenefitPaymentYearsThereafter"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpectedFutureBenefitPaymentYearsThereafter" xlink:to="lab_bp_ExpectedFutureBenefitPaymentYearsThereafter" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ClassesOfOtherPayablesAxis_522754b0-ee27-4d84-b541-7cf942e5b768_terseLabel_en-US" xlink:label="lab_bp_ClassesOfOtherPayablesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes Of Other Payables [Axis] </link:label>
<link:label id="lab_bp_ClassesOfOtherPayablesAxis_label_en-US" xlink:label="lab_bp_ClassesOfOtherPayablesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes Of Other Payables [Axis] </link:label>
<link:label id="lab_bp_ClassesOfOtherPayablesAxis_documentation_en-US" xlink:label="lab_bp_ClassesOfOtherPayablesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Classes Of Other Payables [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ClassesOfOtherPayablesAxis" xlink:href="bp-20231231.xsd#bp_ClassesOfOtherPayablesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ClassesOfOtherPayablesAxis" xlink:to="lab_bp_ClassesOfOtherPayablesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans_cb28333c-831f-48a1-a7cc-42538f4a8a01_terseLabel_en-US" xlink:label="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issue of new shares for employee share-based payment plans </link:label>
<link:label id="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans_label_en-US" xlink:label="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sale Or Issue Of Treasury Shares For Employee Share-based Payment Plans </link:label>
<link:label id="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans_documentation_en-US" xlink:label="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sale Or Issue Of Treasury Shares For Employee Share-based Payment Plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans" xlink:href="bp-20231231.xsd#bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans" xlink:to="lab_bp_SaleOrIssueOfTreasurySharesForEmployeeSharebasedPaymentPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities_071b1979-7a0a-4cb6-8f6a-b7bfb8805082_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, discontinued hedges </link:label>
<link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities_label_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities"/>
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<link:label id="lab_ifrs-full_BorrowingsInterestRate_57c0c7b5-2ac6-463b-8c6b-82eca178489a_verboseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Weighted average interest rate </link:label>
<link:label id="lab_ifrs-full_BorrowingsInterestRate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, interest rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsInterestRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DefinedBenefitPlansContributionCoveragePeriod_661d54ed-eaae-4417-9a7d-91259447561b_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansContributionCoveragePeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contribution coverage period </link:label>
<link:label id="lab_bp_DefinedBenefitPlansContributionCoveragePeriod_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansContributionCoveragePeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Contribution Coverage Period </link:label>
<link:label id="lab_bp_DefinedBenefitPlansContributionCoveragePeriod_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansContributionCoveragePeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Contribution Coverage Period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansContributionCoveragePeriod" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansContributionCoveragePeriod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlansContributionCoveragePeriod" xlink:to="lab_bp_DefinedBenefitPlansContributionCoveragePeriod" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfHedgesMember_8f3e4c32-b408-4113-8476-a0dd95189257_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedges [member] </link:label>
<link:label id="lab_ifrs-full_TypesOfHedgesMember_label_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedges [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfHedgesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfHedgesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfHedgesMember" xlink:to="lab_ifrs-full_TypesOfHedgesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_7ddcf04a-a38f-443c-9414-9153bd021c27_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Categories of financial assets [axis] </link:label>
<link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Categories of financial assets [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember_2bb09560-24a0-41b4-80e4-e158a7100cfb_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities [member] </link:label>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DecreaseThroughTransferToLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOtherProvisions_6d02c95c-be9b-42f3-9b77-c9703e1bc08f_terseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughTransferToLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Decrease through transfer to liabilities included in disposal groups classified as held for sale, other provisions </link:label>
<link:label id="lab_ifrs-full_DecreaseThroughTransferToLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughTransferToLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease through transfer to liabilities included in disposal groups classified as held for sale, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughTransferToLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DecreaseThroughTransferToLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOtherProvisions"/>
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<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_e2d52d68-965a-4b0e-8ca3-c70bbd63cb59_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pre-tax </link:label>
<link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Components of other comprehensive income that will not be reclassified to profit or loss, before tax [abstract] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfInterestsInAssociatesExplanatory_4701dffa-4ba5-4bac-aa5f-18a34ce9683a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of interests in associates </link:label>
<link:label id="lab_ifrs-full_DisclosureOfInterestsInAssociatesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of interests in associates [text block] </link:label>
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<link:label id="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets_01b9892b-8787-407f-ad08-913a8a962cf4_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property </link:label>
<link:label id="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real estate, amount contributed to fair value of plan assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets"/>
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<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable_2011328e-a5e3-474b-9d92-57b965750bc1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about financial instruments [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about financial instruments [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable"/>
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<link:label id="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits_d9014dd9-5a92-4e2d-ab02-3179e13355d4_negatedLabel_en-US" xlink:label="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Net finance expense relating to pensions and other post-retirement benefits </link:label>
<link:label id="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits_f09cf5b1-fee8-4849-a901-57d5e9530a43_terseLabel_en-US" xlink:label="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net finance expense relating to pensions and other post-retirement benefits </link:label>
<link:label id="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits_label_en-US" xlink:label="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income (Expense) Relating To Pensions And Other Post-Retirement Benefits </link:label>
<link:label id="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits_documentation_en-US" xlink:label="lab_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest Income (Expense) Relating To Pensions And Other Post-Retirement Benefits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits" xlink:href="bp-20231231.xsd#bp_InterestIncomeExpenseRelatingToPensionsAndOtherPostRetirementBenefits"/>
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<link:label id="lab_bp_TaxRateEffectFromEntitiesAccountedForUsingEquityMethod_a0c83ac0-41f9-4549-a57b-3674e9e143af_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectFromEntitiesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax reported in equity-accounted entitiesd </link:label>
<link:label id="lab_bp_TaxRateEffectFromEntitiesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_bp_TaxRateEffectFromEntitiesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect From Entities Accounted For Using Equity Method </link:label>
<link:label id="lab_bp_TaxRateEffectFromEntitiesAccountedForUsingEquityMethod_documentation_en-US" xlink:label="lab_bp_TaxRateEffectFromEntitiesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax Rate Effect From Entities Accounted For Using Equity Method </link:label>
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<link:label id="lab_ifrs-full_TradeReceivablesMember_62960f93-27ef-4091-9d69-5ec3a377ff35_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables </link:label>
<link:label id="lab_ifrs-full_TradeReceivablesMember_label_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade receivables [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeReceivablesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeReceivablesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeReceivablesMember" xlink:to="lab_ifrs-full_TradeReceivablesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_91b09ba4-9d12-4f82-a312-c40baf653fff_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets </link:label>
<link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_label_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets"/>
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<link:label id="lab_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage_c40201f1-4c65-4c35-ab53-9bdc04989e4f_terseLabel_en-US" xlink:label="lab_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total equity (including private equity) </link:label>
<link:label id="lab_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage_label_en-US" xlink:label="lab_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Instruments, Amount Contributed To Fair Value Of Plan Assets, Allocation Percentage </link:label>
<link:label id="lab_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage_documentation_en-US" xlink:label="lab_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Equity Instruments, Amount Contributed To Fair Value Of Plan Assets, Allocation Percentage </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:href="bp-20231231.xsd#bp_EquityInstrumentsAmountContributedToFairValueOfPlanAssetsAllocationPercentage"/>
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<link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_2785e67a-42ae-4fad-b924-ffc1e8203917_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total items that will not be reclassified to profit or loss </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income that will not be reclassified to profit or loss, net of tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureofNonfinancialAssetsAbstract_e9b86b9c-72ad-426b-b63a-20c232390e51_terseLabel_en-US" xlink:label="lab_bp_DisclosureofNonfinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-financial assets </link:label>
<link:label id="lab_bp_DisclosureofNonfinancialAssetsAbstract_label_en-US" xlink:label="lab_bp_DisclosureofNonfinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of Nonfinancial Assets [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofNonfinancialAssetsAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureofNonfinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of nonfinancial assets [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofNonfinancialAssetsAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureofNonfinancialAssetsAbstract"/>
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<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions_0d6dbd7c-2f3c-49b3-ae77-03e3f95c9ef8_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisitions </link:label>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Acquisitions through business combinations, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StandardOilCompanyMember_9bab1102-e52a-4c50-8d9c-381b657b73d8_terseLabel_en-US" xlink:label="lab_bp_StandardOilCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> The Standard Oil Company </link:label>
<link:label id="lab_bp_StandardOilCompanyMember_label_en-US" xlink:label="lab_bp_StandardOilCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Standard Oil Company [Member] </link:label>
<link:label id="lab_bp_StandardOilCompanyMember_documentation_en-US" xlink:label="lab_bp_StandardOilCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Standard Oil Company [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StandardOilCompanyMember" xlink:href="bp-20231231.xsd#bp_StandardOilCompanyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StandardOilCompanyMember" xlink:to="lab_bp_StandardOilCompanyMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital_f5b633b1-a42a-4fc1-9c78-22d444d05650_terseLabel_en-US" xlink:label="lab_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Movement in shares held in treasury to ordinary share capital, percent </link:label>
<link:label id="lab_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital_label_en-US" xlink:label="lab_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Percentage Of Movement Of Shares Held In Treasury To Called-Up Ordinary Share Capital </link:label>
<link:label id="lab_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital_documentation_en-US" xlink:label="lab_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Percentage Of Movement Of Shares Held In Treasury To Called-Up Ordinary Share Capital </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital" xlink:href="bp-20231231.xsd#bp_PercentageOfMovementOfSharesHeldInTreasuryToCalledUpOrdinaryShareCapital"/>
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<link:label id="lab_bp_DerivativeInstrumentRisk1Axis_e7cf93c0-b67f-48f7-ab0d-9d0465d64872_terseLabel_en-US" xlink:label="lab_bp_DerivativeInstrumentRisk1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Instrument 1 [Axis] </link:label>
<link:label id="lab_bp_DerivativeInstrumentRisk1Axis_label_en-US" xlink:label="lab_bp_DerivativeInstrumentRisk1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Instrument Risk 1 [Axis] </link:label>
<link:label id="lab_bp_DerivativeInstrumentRisk1Axis_documentation_en-US" xlink:label="lab_bp_DerivativeInstrumentRisk1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Instrument Risk 1 [Axis] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeInstrumentRisk1Axis" xlink:to="lab_bp_DerivativeInstrumentRisk1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPOilInternationalMember_bdba3247-5147-4f54-9149-27cf9560c6a5_terseLabel_en-US" xlink:label="lab_bp_BPOilInternationalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Oil International Limited </link:label>
<link:label id="lab_bp_BPOilInternationalMember_label_en-US" xlink:label="lab_bp_BPOilInternationalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Oil International [Member] </link:label>
<link:label id="lab_bp_BPOilInternationalMember_documentation_en-US" xlink:label="lab_bp_BPOilInternationalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Oil International [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPOilInternationalMember" xlink:href="bp-20231231.xsd#bp_BPOilInternationalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPOilInternationalMember" xlink:to="lab_bp_BPOilInternationalMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EuropeExceptUnitedKingdomMember_8bfd6bfb-9742-4976-8a58-000057d3bfe1_terseLabel_en-US" xlink:label="lab_bp_EuropeExceptUnitedKingdomMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Eurozone </link:label>
<link:label id="lab_bp_EuropeExceptUnitedKingdomMember_label_en-US" xlink:label="lab_bp_EuropeExceptUnitedKingdomMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Europe, Except United Kingdom [Member] </link:label>
<link:label id="lab_bp_EuropeExceptUnitedKingdomMember_documentation_en-US" xlink:label="lab_bp_EuropeExceptUnitedKingdomMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Europe, Except United Kingdom [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EuropeExceptUnitedKingdomMember" xlink:href="bp-20231231.xsd#bp_EuropeExceptUnitedKingdomMember"/>
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<link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_5ee2c7de-16a3-4861-bb3d-6e89e258ba2f_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current tax </link:label>
<link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current tax expense (income) and adjustments for current tax of prior periods [abstract] </link:label>
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<link:label id="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_0d8dfacc-861a-48d6-afc7-897427c643fd_terseLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Identifiable intangible assets recognised as of acquisition date </link:label>
<link:label id="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Identifiable intangible assets recognised as of acquisition date </link:label>
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<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_5c4d80eb-d908-4c71-90e5-1a283554a2d9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial liabilities [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesTable"/>
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<link:label id="lab_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities_bdeb5133-39ee-499a-9bee-c5407d4e8f5e_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis for derivative financial liabilities </link:label>
<link:label id="lab_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities_815bfa01-3978-4010-bf6c-09f989effa87_verboseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Derivative liabilities held for trading, fair value and maturities </link:label>
<link:label id="lab_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis for derivative financial liabilities [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities"/>
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<link:label id="lab_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate_26de2b5e-2dfb-488f-ba82-94cd3ee32c54_terseLabel_en-US" xlink:label="lab_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nominal discount rate </link:label>
<link:label id="lab_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate_label_en-US" xlink:label="lab_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Major Assumptions Made Concerning Future Events, Provisions, Nominal Discount Rate </link:label>
<link:label id="lab_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate_documentation_en-US" xlink:label="lab_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Major Assumptions Made Concerning Future Events, Provisions, Nominal Discount Rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate" xlink:href="bp-20231231.xsd#bp_MajorAssumptionsMadeConcerningFutureEventsProvisionsNominalDiscountRate"/>
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<link:label id="lab_bp_A1749GuaranteedNotesDue2030Member_dd57b665-e642-4d00-8145-51ee6e09f6ed_terseLabel_en-US" xlink:label="lab_bp_A1749GuaranteedNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 1.749% Guaranteed Notes due 2030 </link:label>
<link:label id="lab_bp_A1749GuaranteedNotesDue2030Member_label_en-US" xlink:label="lab_bp_A1749GuaranteedNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 1.749% Guaranteed Notes due 2030 [Member] </link:label>
<link:label id="lab_bp_A1749GuaranteedNotesDue2030Member_documentation_en-US" xlink:label="lab_bp_A1749GuaranteedNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 1.749% Guaranteed Notes due 2030 </link:label>
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<link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_550754f8-52a9-4c8b-aa14-34b8bfa224cd_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> bp shareholders </link:label>
<link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Comprehensive income, attributable to owners of parent </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
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<link:label id="lab_bp_CashEquivalentsExcludingShortTermDeposits_11b89c32-a83b-4c8d-a9f6-78a1e1c360b1_terseLabel_en-US" xlink:label="lab_bp_CashEquivalentsExcludingShortTermDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other cash equivalents </link:label>
<link:label id="lab_bp_CashEquivalentsExcludingShortTermDeposits_label_en-US" xlink:label="lab_bp_CashEquivalentsExcludingShortTermDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash Equivalents, Excluding Short-Term Deposits </link:label>
<link:label id="lab_bp_CashEquivalentsExcludingShortTermDeposits_documentation_en-US" xlink:label="lab_bp_CashEquivalentsExcludingShortTermDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cash Equivalents, Excluding Short-Term Deposits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CashEquivalentsExcludingShortTermDeposits" xlink:href="bp-20231231.xsd#bp_CashEquivalentsExcludingShortTermDeposits"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CashEquivalentsExcludingShortTermDeposits" xlink:to="lab_bp_CashEquivalentsExcludingShortTermDeposits" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_a94cda04-0aa4-4833-9d2b-96ac04c98840_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less: netting by counterparty </link:label>
<link:label id="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_label_en-US" xlink:label="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
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<link:label id="lab_bp_EquitySettledShareBasedPaymentArrangementMember_b673f055-6805-42cc-a318-297689318990_terseLabel_en-US" xlink:label="lab_bp_EquitySettledShareBasedPaymentArrangementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity-Settled Share-Based Payment Arrangement </link:label>
<link:label id="lab_bp_EquitySettledShareBasedPaymentArrangementMember_label_en-US" xlink:label="lab_bp_EquitySettledShareBasedPaymentArrangementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity-Settled Share-Based Payment Arrangement [Member] </link:label>
<link:label id="lab_bp_EquitySettledShareBasedPaymentArrangementMember_documentation_en-US" xlink:label="lab_bp_EquitySettledShareBasedPaymentArrangementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Equity-Settled Share-Based Payment Arrangement [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EquitySettledShareBasedPaymentArrangementMember" xlink:href="bp-20231231.xsd#bp_EquitySettledShareBasedPaymentArrangementMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EquitySettledShareBasedPaymentArrangementMember" xlink:to="lab_bp_EquitySettledShareBasedPaymentArrangementMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BeforeOffsetAmountMember_beaeeb63-3ff8-4a5c-a1d9-dde0c9bed431_terseLabel_en-US" xlink:label="lab_bp_BeforeOffsetAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Before Offset Amount </link:label>
<link:label id="lab_bp_BeforeOffsetAmountMember_label_en-US" xlink:label="lab_bp_BeforeOffsetAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Before Offset Amount [Member] </link:label>
<link:label id="lab_bp_BeforeOffsetAmountMember_documentation_en-US" xlink:label="lab_bp_BeforeOffsetAmountMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Before Offset Amount [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BeforeOffsetAmountMember" xlink:href="bp-20231231.xsd#bp_BeforeOffsetAmountMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BeforeOffsetAmountMember" xlink:to="lab_bp_BeforeOffsetAmountMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IssueOfEquity_e005442e-2098-4d58-b7bf-22354f66c313_terseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issued capital, ordinary shares </link:label>
<link:label id="lab_ifrs-full_IssueOfEquity_label_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Issue of equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssueOfEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IssueOfEquity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssueOfEquity" xlink:to="lab_ifrs-full_IssueOfEquity" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_4b5cfc53-81ad-4977-9452-55adde3ae55a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, liabilities </link:label>
<link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_label_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:to="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_d42e5177-42fe-4052-acd5-258288cfda78_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of defined benefit plans [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of defined benefit plans [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansLineItems"/>
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<link:label id="lab_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock_0fbffc42-41e9-4e9c-b875-d6f4db2633f1_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Capital disclosures and analysis of changes in net debt </link:label>
<link:label id="lab_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Capital Disclosures And Analysis Of Changes In Net Debt [Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Capital Disclosures And Analysis Of Changes In Net Debt [Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfCapitalDisclosuresAndAnalysisOfChangesInNetDebtTextBlock"/>
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<link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityTable_1d575a6a-6480-4da6-ad8b-ea76c59ea645_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of reserves within equity [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of reserves within equity [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfReservesWithinEquityTable"/>
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<link:label id="lab_bp_ProvisionsForEnvironmentalMember_5d6df77a-0937-4a73-b8bf-5eaa413b1087_terseLabel_en-US" xlink:label="lab_bp_ProvisionsForEnvironmentalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Environmental </link:label>
<link:label id="lab_bp_ProvisionsForEnvironmentalMember_label_en-US" xlink:label="lab_bp_ProvisionsForEnvironmentalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions For Environmental [Member] </link:label>
<link:label id="lab_bp_ProvisionsForEnvironmentalMember_documentation_en-US" xlink:label="lab_bp_ProvisionsForEnvironmentalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provisions For Environmental [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProvisionsForEnvironmentalMember" xlink:href="bp-20231231.xsd#bp_ProvisionsForEnvironmentalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProvisionsForEnvironmentalMember" xlink:to="lab_bp_ProvisionsForEnvironmentalMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_30616860-e36f-4dc2-865b-02da4d4eaf30_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance debt </link:label>
<link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of borrowings [text block] </link:label>
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<link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_dcbd825a-033a-47d5-bc0a-bf75dbbdfb95_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) </link:label>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_MeasurementAxis_95d5c82a-e904-456f-bb74-26d3f8040d21_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measurement [axis] </link:label>
<link:label id="lab_ifrs-full_MeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MeasurementAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis" xlink:to="lab_ifrs-full_MeasurementAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesAndReservesBalance1_cdc5792d-7976-42d0-bfc1-5f7ed483f17d_periodStartLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesBalance1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Valuation allowances and reserves, beginning of period </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesBalance1_15cea787-00e4-4e23-9661-8bedeeedfacc_periodEndLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesBalance1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Valuation allowances and reserves, end of period </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesBalance1_b05e8c56-cc85-4ffd-b85c-d17c50dda089_terseLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesBalance1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Balance 1 </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesBalance1_label_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesBalance1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Balance 1 </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesBalance1_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesBalance1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Balance 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValuationAllowancesAndReservesBalance1" xlink:href="bp-20231231.xsd#bp_ValuationAllowancesAndReservesBalance1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ValuationAllowancesAndReservesBalance1" xlink:to="lab_bp_ValuationAllowancesAndReservesBalance1" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfJointVenturesTable_509a20f3-01fe-4b50-a29b-ad36648dac72_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfJointVenturesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of joint ventures [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfJointVenturesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfJointVenturesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of joint ventures [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfJointVenturesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfJointVenturesTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfJointVenturesTable" xlink:to="lab_ifrs-full_DisclosureOfJointVenturesTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgingInstrumentAssets_3e53f188-fd1e-4a9d-9c20-95a0de83c8ee_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedges, Fair value asset </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentAssets_352089ca-1bea-423f-9eb8-3c0e7b722a06_verboseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Hedging instrument, assets </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentAssets_label_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedging instrument, assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgingInstrumentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgingInstrumentAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentAssets" xlink:to="lab_ifrs-full_HedgingInstrumentAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_USDollarBondsMember_e2d8757b-b136-4415-b392-af0dcc8321af_terseLabel_en-US" xlink:label="lab_bp_USDollarBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> US dollar bonds [Member] </link:label>
<link:label id="lab_bp_USDollarBondsMember_label_en-US" xlink:label="lab_bp_USDollarBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> US dollar bonds [Member] </link:label>
<link:label id="lab_bp_USDollarBondsMember_documentation_en-US" xlink:label="lab_bp_USDollarBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> US dollar bonds </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_USDollarBondsMember" xlink:href="bp-20231231.xsd#bp_USDollarBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_USDollarBondsMember" xlink:to="lab_bp_USDollarBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_HighlyProbableForecastCapitalExpenditureMember_60e5ad92-0c79-48cc-be94-e5dcd6f112e8_terseLabel_en-US" xlink:label="lab_bp_HighlyProbableForecastCapitalExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Highly probable forecast capital expenditure </link:label>
<link:label id="lab_bp_HighlyProbableForecastCapitalExpenditureMember_label_en-US" xlink:label="lab_bp_HighlyProbableForecastCapitalExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Highly Probable Forecast Capital Expenditure [Member] </link:label>
<link:label id="lab_bp_HighlyProbableForecastCapitalExpenditureMember_documentation_en-US" xlink:label="lab_bp_HighlyProbableForecastCapitalExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Highly Probable Forecast Capital Expenditure [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_HighlyProbableForecastCapitalExpenditureMember" xlink:href="bp-20231231.xsd#bp_HighlyProbableForecastCapitalExpenditureMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_HighlyProbableForecastCapitalExpenditureMember" xlink:to="lab_bp_HighlyProbableForecastCapitalExpenditureMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock_a355f8e0-7c4b-4183-bfb6-abacfbe90919_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of amounts recognized in the income statement in respect of disposals and impairments </link:label>
<link:label id="lab_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Impairment Losses, Impairment Reversals, And Disposals Recognized In Income Statement [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Impairment Losses, Impairment Reversals, And Disposals Recognized In Income Statement [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfImpairmentLossesImpairmentReversalsAndDisposalsRecognizedInIncomeStatementTableTextBlock"/>
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<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_e214c977-10bc-440b-913d-4e9402dfeca0_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for property, plant and equipment [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness_5e4fdd5d-3369-4431-8dfb-9dbd53611013_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in fair value of hedged item used to calculate ineffectiveness </link:label>
<link:label id="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness_label_en-US" xlink:label="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness"/>
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<link:label id="lab_bp_InterestExpenseRepaymentOfBorrowings_a5b27478-c985-4af0-b075-ddfe389736a7_terseLabel_en-US" xlink:label="lab_bp_InterestExpenseRepaymentOfBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Expense, Repayment Of Borrowings </link:label>
<link:label id="lab_bp_InterestExpenseRepaymentOfBorrowings_label_en-US" xlink:label="lab_bp_InterestExpenseRepaymentOfBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Repayment Of Borrowings </link:label>
<link:label id="lab_bp_InterestExpenseRepaymentOfBorrowings_documentation_en-US" xlink:label="lab_bp_InterestExpenseRepaymentOfBorrowings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest Expense, Repayment Of Borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestExpenseRepaymentOfBorrowings" xlink:href="bp-20231231.xsd#bp_InterestExpenseRepaymentOfBorrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestExpenseRepaymentOfBorrowings" xlink:to="lab_bp_InterestExpenseRepaymentOfBorrowings" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxLiabilities_8f040f94-c221-4d46-8021-7f181a15101e_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax liabilities </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilities_dbdb2e8c-67c0-4d27-a671-11c1a61772cd_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax liabilities </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilities_56102ccd-30f1-4e7d-8058-2b77923bbf5f_verboseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax liability </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilities_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_ifrs-full_DeferredTaxLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax_7158574e-7eeb-4ee6-a4ed-f61151f94a3c_negatedTerseLabel_en-US" xlink:label="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges transferred to the balance sheet, net of tax </link:label>
<link:label id="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax_9fa5c74c-b5a8-41fc-99aa-37ebad66cfe6_negatedLabel_en-US" xlink:label="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges transferred to the balance sheet </link:label>
<link:label id="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax_d38059e5-ba63-464a-a194-c6ade7cb63c6_terseLabel_en-US" xlink:label="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges transferred to the balance sheet, net of tax </link:label>
<link:label id="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax_label_en-US" xlink:label="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flow hedges transferred to the balance sheet, net of tax </link:label>
<link:label id="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax_documentation_en-US" xlink:label="lab_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cash flow hedges transferred to the balance sheet, net of tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax" xlink:href="bp-20231231.xsd#bp_CashFlowHedgesTransferredToTheBalanceSheetNetOfTax"/>
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<link:label id="lab_bp_AppealsFileToTheFifthCircuit_f812f5dd-57fa-4947-8b08-725a73baf6d4_terseLabel_en-US" xlink:label="lab_bp_AppealsFileToTheFifthCircuit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Appeals file to the Fifth Circuit </link:label>
<link:label id="lab_bp_AppealsFileToTheFifthCircuit_label_en-US" xlink:label="lab_bp_AppealsFileToTheFifthCircuit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Appeals file to the Fifth Circuit </link:label>
<link:label id="lab_bp_AppealsFileToTheFifthCircuit_documentation_en-US" xlink:label="lab_bp_AppealsFileToTheFifthCircuit" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Appeals file to the Fifth Circuit </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AppealsFileToTheFifthCircuit" xlink:href="bp-20231231.xsd#bp_AppealsFileToTheFifthCircuit"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AppealsFileToTheFifthCircuit" xlink:to="lab_bp_AppealsFileToTheFifthCircuit" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding_811bf0a6-367d-4f92-b445-437919366026_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net increase in the number of ordinary shares outstanding (in shares) </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in number of shares outstanding </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:to="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_4ffcac24-0da9-4088-96b4-5288d285c7f0_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisitions </link:label>
<link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Acquisitions through business combinations, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Subsegments1Axis_e9f14f86-d1ef-4100-83e1-fb8f92a93ed3_terseLabel_en-US" xlink:label="lab_bp_Subsegments1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsegments 1 [Axis] </link:label>
<link:label id="lab_bp_Subsegments1Axis_label_en-US" xlink:label="lab_bp_Subsegments1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsegments 1 [Axis] </link:label>
<link:label id="lab_bp_Subsegments1Axis_documentation_en-US" xlink:label="lab_bp_Subsegments1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Subsegments 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Subsegments1Axis" xlink:href="bp-20231231.xsd#bp_Subsegments1Axis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Subsegments1Axis" xlink:to="lab_bp_Subsegments1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts_bee30592-4e4c-403a-a94c-87e568e894a0_terseLabel_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustments </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts_label_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Valuation Allowances And Reserves, Additions For Charges To Other Accounts </link:label>
<link:label id="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts_documentation_en-US" xlink:label="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Valuation Allowances and Reserves, Additions For Charges To Other Accounts </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts" xlink:href="bp-20231231.xsd#bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts" xlink:to="lab_bp_ValuationAllowancesAndReservesAdditionsForChargesToOtherAccounts" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AccruedInterestMember_b2bf9f2c-5439-433f-b6ff-8e051aaa13ed_terseLabel_en-US" xlink:label="lab_bp_AccruedInterestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrued interest [Member] </link:label>
<link:label id="lab_bp_AccruedInterestMember_label_en-US" xlink:label="lab_bp_AccruedInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accrued interest [Member] </link:label>
<link:label id="lab_bp_AccruedInterestMember_documentation_en-US" xlink:label="lab_bp_AccruedInterestMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Accrued interest </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AccruedInterestMember" xlink:href="bp-20231231.xsd#bp_AccruedInterestMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AccruedInterestMember" xlink:to="lab_bp_AccruedInterestMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_039be272-0c05-4067-8619-6dad16fbc320_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment by operating lease status [axis] </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment by operating lease status [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LowCarbonEnergyAssetsMember_816c289c-19aa-4934-b6b6-8599b4b8b5b2_terseLabel_en-US" xlink:label="lab_bp_LowCarbonEnergyAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Low carbon energy assets </link:label>
<link:label id="lab_bp_LowCarbonEnergyAssetsMember_label_en-US" xlink:label="lab_bp_LowCarbonEnergyAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Low carbon energy assets [Member] </link:label>
<link:label id="lab_bp_LowCarbonEnergyAssetsMember_documentation_en-US" xlink:label="lab_bp_LowCarbonEnergyAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Low carbon energy assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LowCarbonEnergyAssetsMember" xlink:href="bp-20231231.xsd#bp_LowCarbonEnergyAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LowCarbonEnergyAssetsMember" xlink:to="lab_bp_LowCarbonEnergyAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract_386df302-356b-49c7-8563-8161426dbe9b_terseLabel_en-US" xlink:label="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of non-current assets held for sale and discontinued operations [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract_label_en-US" xlink:label="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of non-current assets held for sale and discontinued operations [Abstract] </link:label>
<link:label id="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract_documentation_en-US" xlink:label="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of non-current assets held for sale and discontinued operations [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract" xlink:href="bp-20231231.xsd#bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract" xlink:to="lab_bp_DisclosureofnoncurrentassetsheldforsaleanddiscontinuedoperationsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfClassActionsFiled_a1ad2b19-c0e7-4ad8-8877-065fcd0f60b6_terseLabel_en-US" xlink:label="lab_bp_NumberOfClassActionsFiled" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of class actions filed </link:label>
<link:label id="lab_bp_NumberOfClassActionsFiled_label_en-US" xlink:label="lab_bp_NumberOfClassActionsFiled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of class actions filed </link:label>
<link:label id="lab_bp_NumberOfClassActionsFiled_documentation_en-US" xlink:label="lab_bp_NumberOfClassActionsFiled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of class actions filed </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfClassActionsFiled" xlink:href="bp-20231231.xsd#bp_NumberOfClassActionsFiled"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfClassActionsFiled" xlink:to="lab_bp_NumberOfClassActionsFiled" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RefineriesMember_63acf0a8-ab53-43ed-b212-4e2771c77611_terseLabel_en-US" xlink:label="lab_bp_RefineriesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Refineries </link:label>
<link:label id="lab_bp_RefineriesMember_label_en-US" xlink:label="lab_bp_RefineriesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Refineries [Member] </link:label>
<link:label id="lab_bp_RefineriesMember_documentation_en-US" xlink:label="lab_bp_RefineriesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Refineries [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RefineriesMember" xlink:href="bp-20231231.xsd#bp_RefineriesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RefineriesMember" xlink:to="lab_bp_RefineriesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_541e85ca-eb7a-4ac9-8f90-eb81cc5e4b36_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Types of share-based payment arrangements [axis] </link:label>
<link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Types of share-based payment arrangements [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_0fe398a5-2b9e-437f-bfcf-5c75479247b0_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax charge related to UK Energy Profit Levy </link:label>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) relating to tax rate changes or imposition of new taxes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RevenueFromContractsWithCustomers_52f1d719-828f-4ecb-89fa-3a68556a4310_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenue from contracts with customers </link:label>
<link:label id="lab_ifrs-full_RevenueFromContractsWithCustomers_label_en-US" xlink:label="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue from contracts with customers </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueFromContractsWithCustomers"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:to="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PlanAssetsMember_c3f83ac2-36e3-44ee-bcdd-a3222dbb3f4f_terseLabel_en-US" xlink:label="lab_ifrs-full_PlanAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair value of plan assets </link:label>
<link:label id="lab_ifrs-full_PlanAssetsMember_label_en-US" xlink:label="lab_ifrs-full_PlanAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Plan assets [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PlanAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PlanAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PlanAssetsMember" xlink:to="lab_ifrs-full_PlanAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_BottomOfRangeMember_e665a6c2-5087-4e24-b3f2-b3f2d309d52c_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Bottom of range [member] </link:label>
<link:label id="lab_ifrs-full_BottomOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Bottom of range [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BottomOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BottomOfRangeMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_6f5eadff-c8f2-4526-a485-9cbde564d004_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Lease liability payments </link:label>
<link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments of lease liabilities, classified as financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_daaff11e-1f0a-4dcd-bb5c-ddb7f3a2c0f4_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair value of derivative assets </link:label>
<link:label id="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_label_en-US" xlink:label="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonUSGovernmentLawsuitsMember_9a2c979b-23ab-4176-a017-df70bd695168_terseLabel_en-US" xlink:label="lab_bp_NonUSGovernmentLawsuitsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-US government lawsuits </link:label>
<link:label id="lab_bp_NonUSGovernmentLawsuitsMember_label_en-US" xlink:label="lab_bp_NonUSGovernmentLawsuitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-US government lawsuits [Member] </link:label>
<link:label id="lab_bp_NonUSGovernmentLawsuitsMember_documentation_en-US" xlink:label="lab_bp_NonUSGovernmentLawsuitsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-US government lawsuits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonUSGovernmentLawsuitsMember" xlink:href="bp-20231231.xsd#bp_NonUSGovernmentLawsuitsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonUSGovernmentLawsuitsMember" xlink:to="lab_bp_NonUSGovernmentLawsuitsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges_6fa72820-be0a-4026-8d67-624bf9f10abc_periodStartLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Reserve of cash flow hedges, period start </link:label>
<link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges_e73d4200-e15e-4b21-b965-037479f0cf06_periodEndLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Reserve of cash flow hedges, period end </link:label>
<link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges_label_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reserve of cash flow hedges, continuing hedges </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReserveOfCashFlowHedgesContinuingHedges"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:to="lab_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage_6339af5a-5e3d-4fef-a8bd-b935208ae027_terseLabel_en-US" xlink:label="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property/real estate </link:label>
<link:label id="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage_label_en-US" xlink:label="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real Estate, Amount Contributed To Fair Value Of Plan Assets, Allocation Percentage </link:label>
<link:label id="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage_documentation_en-US" xlink:label="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Real Estate, Amount Contributed To Fair Value Of Plan Assets, Allocation Percentage </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:href="bp-20231231.xsd#bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:to="lab_bp_RealEstateAmountContributedToFairValueOfPlanAssetsAllocationPercentage" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FemaleCurrentlyAtAge60Member_d1f03f80-874d-4697-b734-bbafe26d33df_terseLabel_en-US" xlink:label="lab_bp_FemaleCurrentlyAtAge60Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Life expectancy at age 60 for a female currently aged 60 </link:label>
<link:label id="lab_bp_FemaleCurrentlyAtAge60Member_label_en-US" xlink:label="lab_bp_FemaleCurrentlyAtAge60Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Female Currently At Age 60 [Member] </link:label>
<link:label id="lab_bp_FemaleCurrentlyAtAge60Member_documentation_en-US" xlink:label="lab_bp_FemaleCurrentlyAtAge60Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Female Currently At Age 60 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FemaleCurrentlyAtAge60Member" xlink:href="bp-20231231.xsd#bp_FemaleCurrentlyAtAge60Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FemaleCurrentlyAtAge60Member" xlink:to="lab_bp_FemaleCurrentlyAtAge60Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DepartmentsAxis_58e224c7-f89a-4f45-a7f7-282958b5cfc1_terseLabel_en-US" xlink:label="lab_bp_DepartmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Departments [Axis] </link:label>
<link:label id="lab_bp_DepartmentsAxis_label_en-US" xlink:label="lab_bp_DepartmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Departments [Axis] </link:label>
<link:label id="lab_bp_DepartmentsAxis_documentation_en-US" xlink:label="lab_bp_DepartmentsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Departments [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DepartmentsAxis" xlink:href="bp-20231231.xsd#bp_DepartmentsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DepartmentsAxis" xlink:to="lab_bp_DepartmentsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLoss_41d7622d-291a-4a21-84f4-940e88653d26_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Impairment reversals </link:label>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLoss_4bbb4319-d0cd-4ab5-a1bf-ae3ca19addb7_terseLabel_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reversal of impairment loss </link:label>
<link:label id="lab_ifrs-full_ReversalOfImpairmentLoss_label_en-US" xlink:label="lab_ifrs-full_ReversalOfImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reversal of impairment loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReversalOfImpairmentLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReversalOfImpairmentLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReversalOfImpairmentLoss" xlink:to="lab_ifrs-full_ReversalOfImpairmentLoss" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember_a4e9943e-db81-4358-a03b-c5a23d12c9a1_terseLabel_en-US" xlink:label="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Shares held by BP’s US share plan administratorb </link:label>
<link:label id="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember_label_en-US" xlink:label="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Shares Held In Employee Share-based Payment Plans [Member] </link:label>
<link:label id="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember_documentation_en-US" xlink:label="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Treasury Shares Held In Employee Share-based Payment Plans [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember" xlink:href="bp-20231231.xsd#bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember" xlink:to="lab_bp_TreasurySharesHeldInEmployeeSharebasedPaymentPlansMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_7e6e20d7-c89b-471e-b43d-3d5b582e915f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Currency translation differences (including reclassifications), Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to exchange differences on translation of foreign operations included in other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_05cc4888-ea37-48cc-814e-7a2251164e3d_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase through new leases, liabilities arising from financing activities </link:label>
<link:label id="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase through new leases, liabilities arising from financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock_819d772b-09c0-4082-991a-97a71928bee9_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of finance income and finance costs </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Finance Income And Finance Cost [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Detailed Information Of Finance Income And Finance Cost [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock" xlink:to="lab_bp_DisclosureOfDetailedInformationOfFinanceIncomeAndFinanceCostTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_88a624d2-4127-421e-9903-6ad254720563_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through effect of changes in foreign exchange rates, liabilities arising from financing activities </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through effect of changes in foreign exchange rates, liabilities arising from financing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_srt_LitigationCaseTypeDomain_b42a4f0e-3f19-4865-9b34-2751e3f33bb0_terseLabel_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation Case [Domain] </link:label>
<link:label id="lab_srt_LitigationCaseTypeDomain_label_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation Case [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseTypeDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_LitigationCaseTypeDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_LitigationCaseTypeDomain" xlink:to="lab_srt_LitigationCaseTypeDomain" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityFilerCategory_ad0a3673-051f-4387-a99f-39e4994e43d4_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Filer Category </link:label>
<link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Filer Category </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OrdinarySharesMember_f44950b0-cf24-47db-890c-46a002edfeb6_terseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ordinary Shares </link:label>
<link:label id="lab_ifrs-full_OrdinarySharesMember_label_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ordinary shares [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OrdinarySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OrdinarySharesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OrdinarySharesMember" xlink:to="lab_ifrs-full_OrdinarySharesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_1e9125db-e2ba-4b19-99ca-3b2de668df9b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Repayments of long-term financing </link:label>
<link:label id="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of non-current borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RepaymentsOfNoncurrentBorrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:to="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:type="arc" order="1"/>
<link:label id="lab_dei_CurrentFiscalYearEndDate_626060ec-18fd-4cb0-bc7a-ca3883c2d779_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current Fiscal Year End Date </link:label>
<link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Fiscal Year End Date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest_20951536-898e-44ed-99f8-f34134e2bb8f_totalLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Number of equity instruments other than options, expected to vest (in shares) </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest_label_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest" xlink:href="bp-20231231.xsd#bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest" xlink:to="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_20eb8b87-2f08-4569-9472-ef324bacea62_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contingent liabilities and legal proceedings </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of other provisions, contingent liabilities and contingent assets [text block] </link:label>
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<link:label id="lab_bp_TradeAndOtherNonCurrentReceivablesNonFinancialAssets_aacdb67c-ca85-40c4-9bdc-2d6a83422740_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentReceivablesNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables non-financial assets </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentReceivablesNonFinancialAssets_label_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentReceivablesNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Receivables Non-Financial Assets </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentReceivablesNonFinancialAssets_documentation_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentReceivablesNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Receivables Non-Financial Assets </link:label>
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<link:label id="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill_eaf21f91-f51c-4c77-b293-8e3a21ffaf23_terseLabel_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deletions and disposals </link:label>
<link:label id="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disposals and retirements, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill"/>
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<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_dca0cb7f-497d-48ad-aaa8-b32e9bd2814d_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment subject to operating leases [member] </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment subject to operating leases [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
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<link:label id="lab_dei_AddressTypeDomain_28b53ed6-8f94-4dfb-b212-156b41c3af4b_terseLabel_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Address Type [Domain] </link:label>
<link:label id="lab_dei_AddressTypeDomain_label_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Address Type [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_AddressTypeDomain" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AddressTypeDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AddressTypeDomain" xlink:to="lab_dei_AddressTypeDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RetainedEarningsMember_dffc0541-645f-41d5-a950-6b0926c9a0e7_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained earnings [member] </link:label>
<link:label id="lab_ifrs-full_RetainedEarningsMember_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained earnings [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RetainedEarningsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember" xlink:to="lab_ifrs-full_RetainedEarningsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems_700fe8e5-0d1e-4c18-9e6b-1848234f1463_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems"/>
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<link:label id="lab_ifrs-full_ProductsAndServicesAxis_97c40501-0c8c-462e-a053-cf71fa4ecd16_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Products and services [axis] </link:label>
<link:label id="lab_ifrs-full_ProductsAndServicesAxis_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Products and services [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProductsAndServicesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesAxis" xlink:to="lab_ifrs-full_ProductsAndServicesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_9eeefd7e-59e4-45a5-9119-9246514e40ba_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of property, plant and equipment [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of property, plant and equipment [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_def1c5ec-298e-439c-a1f4-8db7244005fd_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments to reconcile profit before taxation to net cash provided by operating activities </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments to reconcile profit (loss) [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects_20df5a2f-871f-4242-af55-6e02feefa56f_verboseLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Dilutive effect (in shares) </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects_label_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Dilutive Effects </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Dilutive Effects </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects" xlink:href="bp-20231231.xsd#bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects" xlink:to="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDilutiveEffects" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToChangeInValueOfForeignCurrencyBasisSpreadsOfOtherComprehensiveIncome_c092967e-4005-44cc-b553-415615b14605_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToChangeInValueOfForeignCurrencyBasisSpreadsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedging (including reclassifications), Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToChangeInValueOfForeignCurrencyBasisSpreadsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToChangeInValueOfForeignCurrencyBasisSpreadsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to change in value of foreign currency basis spreads included in other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToChangeInValueOfForeignCurrencyBasisSpreadsOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToChangeInValueOfForeignCurrencyBasisSpreadsOfOtherComprehensiveIncome"/>
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<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard_1f100a60-dd35-4996-b268-39346b8b5640_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of company-nominated directors In trustee board (director) </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Company-Nominated Directors In Trustee Board </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Company-Nominated Directors In Trustee Board </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansNumberOfCompanyNominatedDirectorsInTrusteeBoard"/>
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<link:label id="lab_bp_CastrolMember_7c0a1382-e374-48aa-b5e2-a044e9a85658_terseLabel_en-US" xlink:label="lab_bp_CastrolMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Castrol </link:label>
<link:label id="lab_bp_CastrolMember_label_en-US" xlink:label="lab_bp_CastrolMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Castrol [Member] </link:label>
<link:label id="lab_bp_CastrolMember_documentation_en-US" xlink:label="lab_bp_CastrolMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Lubricants [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CastrolMember" xlink:href="bp-20231231.xsd#bp_CastrolMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CastrolMember" xlink:to="lab_bp_CastrolMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPAmericaProductionCompanyMember_60b95be7-027c-4c29-9e02-d5cb8abfde26_terseLabel_en-US" xlink:label="lab_bp_BPAmericaProductionCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP America Production Company </link:label>
<link:label id="lab_bp_BPAmericaProductionCompanyMember_label_en-US" xlink:label="lab_bp_BPAmericaProductionCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP America Production Company [Member] </link:label>
<link:label id="lab_bp_BPAmericaProductionCompanyMember_documentation_en-US" xlink:label="lab_bp_BPAmericaProductionCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP America Production Company [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPAmericaProductionCompanyMember" xlink:href="bp-20231231.xsd#bp_BPAmericaProductionCompanyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPAmericaProductionCompanyMember" xlink:to="lab_bp_BPAmericaProductionCompanyMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncomeTaxAuthorityName1Axis_3e415e74-d4b3-4c50-a343-7149f60266a5_terseLabel_en-US" xlink:label="lab_bp_IncomeTaxAuthorityName1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax Authority, Name 1 [Axis] </link:label>
<link:label id="lab_bp_IncomeTaxAuthorityName1Axis_label_en-US" xlink:label="lab_bp_IncomeTaxAuthorityName1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Authority, Name 1 [Axis] </link:label>
<link:label id="lab_bp_IncomeTaxAuthorityName1Axis_documentation_en-US" xlink:label="lab_bp_IncomeTaxAuthorityName1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income Tax Authority, Name 1 [Axis] </link:label>
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<link:label id="lab_bp_LaterThanTwentyYearsMember_f6ca7ae7-25e5-4f6c-b19b-9945c4468ff3_terseLabel_en-US" xlink:label="lab_bp_LaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Later than twenty years </link:label>
<link:label id="lab_bp_LaterThanTwentyYearsMember_label_en-US" xlink:label="lab_bp_LaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Later than twenty years [Member] </link:label>
<link:label id="lab_bp_LaterThanTwentyYearsMember_documentation_en-US" xlink:label="lab_bp_LaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Later than twenty years </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LaterThanTwentyYearsMember" xlink:href="bp-20231231.xsd#bp_LaterThanTwentyYearsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LaterThanTwentyYearsMember" xlink:to="lab_bp_LaterThanTwentyYearsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_7df1f706-03b8-488c-914e-0e799c784d50_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Investments in associates </link:label>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of associates [text block] </link:label>
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<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTax_305e7b88-02fb-48fc-bed4-995328f36668_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, Pre-tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTax"/>
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<link:label id="lab_bp_HawkvilleMember_76394165-1564-4466-a409-157d738b1b73_terseLabel_en-US" xlink:label="lab_bp_HawkvilleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hawkville [Member] </link:label>
<link:label id="lab_bp_HawkvilleMember_label_en-US" xlink:label="lab_bp_HawkvilleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hawkville [Member] </link:label>
<link:label id="lab_bp_HawkvilleMember_documentation_en-US" xlink:label="lab_bp_HawkvilleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Hawkville </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_HawkvilleMember" xlink:to="lab_bp_HawkvilleMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SensitivityAnalysisEffectOfChangeInPriceAssumptionsAndOrProductionVolumesUsedToEstimateRevenueCashFlows_ee1de321-7ac2-4983-aa4d-5fc7ea614cd1_terseLabel_en-US" xlink:label="lab_bp_SensitivityAnalysisEffectOfChangeInPriceAssumptionsAndOrProductionVolumesUsedToEstimateRevenueCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sensitivity Analysis, Effect Of Change In Price Assumptions And/Or Production Volumes Used To Estimate Revenue Cash Flows </link:label>
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<link:label id="lab_bp_SensitivityAnalysisEffectOfChangeInPriceAssumptionsAndOrProductionVolumesUsedToEstimateRevenueCashFlows_documentation_en-US" xlink:label="lab_bp_SensitivityAnalysisEffectOfChangeInPriceAssumptionsAndOrProductionVolumesUsedToEstimateRevenueCashFlows" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sensitivity Analysis, Effect Of Change In Price Assumptions And/Or Production Volumes Used To Estimate Revenue Cash Flows </link:label>
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<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_07fe6737-3079-4868-b33c-0e288c42cc23_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges (including reclassifications), Net of tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, cash flow hedges </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges"/>
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<link:label id="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember_3914eda3-5bc3-4c91-b0fd-d7304d7c5c78_terseLabel_en-US" xlink:label="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Oil and gas properties with headroom equal to or less than 20% of carrying value </link:label>
<link:label id="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember_label_en-US" xlink:label="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Oil And Gas Properties, Portion With Headroom Equal To Or Less Than Twenty Percent Of Carrying Value [Member] </link:label>
<link:label id="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember_documentation_en-US" xlink:label="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Oil And Gas Properties, Portion With Headroom Equal To Or Less Than Twenty Percent Of Carrying Value [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember" xlink:href="bp-20231231.xsd#bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember" xlink:to="lab_bp_OilAndGasPropertiesPortionWithHeadroomEqualToOrLessThanTwentyPercentOfCarryingValueMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard_74a41f76-cc62-42cc-862a-43d5d457d75f_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of company-nominated independent directors in trustee board (director) </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Company-Nominated Independent Directors In Trustee Board </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Company-Nominated Independent Directors In Trustee Board </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard" xlink:to="lab_bp_DefinedBenefitPlansNumberOfCompanyNominatedIndependentDirectorsInTrusteeBoard" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExcludingImpactOfRosneftMember_d8b61c0f-e7d1-4e15-b1b5-760c81c6657a_terseLabel_en-US" xlink:label="lab_bp_ExcludingImpactOfRosneftMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Excluding impact of Rosneft </link:label>
<link:label id="lab_bp_ExcludingImpactOfRosneftMember_label_en-US" xlink:label="lab_bp_ExcludingImpactOfRosneftMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Excluding impact of Rosneft [Member] </link:label>
<link:label id="lab_bp_ExcludingImpactOfRosneftMember_documentation_en-US" xlink:label="lab_bp_ExcludingImpactOfRosneftMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Excluding impact of Rosneft </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExcludingImpactOfRosneftMember" xlink:href="bp-20231231.xsd#bp_ExcludingImpactOfRosneftMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExcludingImpactOfRosneftMember" xlink:to="lab_bp_ExcludingImpactOfRosneftMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_6aef328f-659e-4c8d-bca9-9b4ae2279c0e_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additions </link:label>
<link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additions other than through business combinations, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_7c6e2003-d3be-4a2a-bce7-e2d3cef36906_terseLabel_en-US" xlink:label="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected reclassification adjustments on exchange differences on translation before tax </link:label>
<link:label id="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected reclassification adjustments on exchange differences on translation before tax </link:label>
<link:label id="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_documentation_en-US" xlink:label="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected reclassification adjustments on exchange differences on translation before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="bp-20231231.xsd#bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_bp_ExpectedReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_0aee755b-858a-489b-944f-b4e6ae57ad1a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Investment in associates </link:label>
<link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchase of interests in associates </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchaseOfInterestsInAssociates"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:to="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod_3ccee62a-8258-473b-8f4e-b40e10beaae2_verboseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Investments in joint ventures and associates </link:label>
<link:label id="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments accounted for using equity method </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss_affc7a9b-8d3a-4b9b-bfb2-88daa5637faf_terseLabel_en-US" xlink:label="lab_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends recognised for investments in equity instruments designated as measured at fair value through profit or loss </link:label>
<link:label id="lab_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends Recognised For Investments In Equity Instruments Designated As Measured At Fair Value Through Profit Or Loss </link:label>
<link:label id="lab_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss_documentation_en-US" xlink:label="lab_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Dividends Recognised For Investments In Equity Instruments Designated As Measured At Fair Value Through Profit Or Loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss" xlink:href="bp-20231231.xsd#bp_DividendsRecognisedForInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughProfitOrLoss"/>
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<link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_e87225f6-407e-4253-90bb-619c343a92d6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of operating segments [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of operating segments [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NaturalGasRelatedDerivativeMember_00eba28b-3227-4544-8ce3-e4965403891b_terseLabel_en-US" xlink:label="lab_bp_NaturalGasRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Natural gas price derivatives </link:label>
<link:label id="lab_bp_NaturalGasRelatedDerivativeMember_label_en-US" xlink:label="lab_bp_NaturalGasRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Natural Gas Related Derivative [Member] </link:label>
<link:label id="lab_bp_NaturalGasRelatedDerivativeMember_documentation_en-US" xlink:label="lab_bp_NaturalGasRelatedDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Natural Gas Related Derivative [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NaturalGasRelatedDerivativeMember" xlink:href="bp-20231231.xsd#bp_NaturalGasRelatedDerivativeMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NaturalGasRelatedDerivativeMember" xlink:to="lab_bp_NaturalGasRelatedDerivativeMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans_3e87c2ed-6668-48d7-99ee-9336c82a7677_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issue of new shares for employee share-based payment plans (in shares) </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Issuance For Employee Share-Based Payment Plans </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Issuance For Employee Share-Based Payment Plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareIssuanceForEmployeeShareBasedPaymentPlans"/>
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<link:label id="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet_dc6565fb-51e4-4b54-8ad1-53adb53c6f4a_totalLabel_en-US" xlink:label="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net assets </link:label>
<link:label id="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet_label_en-US" xlink:label="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets (Liabilities) Arising From Exploration For And Evaluation Of Mineral Resources, Net </link:label>
<link:label id="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet_documentation_en-US" xlink:label="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Assets (Liabilities) Arising From Exploration For And Evaluation Of Mineral Resources, Net </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet" xlink:href="bp-20231231.xsd#bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet" xlink:to="lab_bp_AssetsLiabilitiesArisingFromExplorationForAndEvaluationOfMineralResourcesNet" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_d3f3d24e-8ab0-4e95-b4e7-1903d971d938_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration, appraisal, and development expenditure </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for exploration and evaluation expenditures [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_8a47e5dc-2d70-4a20-84de-ca2f6cdb7339_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets other than goodwill [member] </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible assets other than goodwill [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EarningsPerShareAbstract_5d790a41-7acb-4f85-b91f-f6aec854e764_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) for the year attributable to bp shareholders </link:label>
<link:label id="lab_ifrs-full_EarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Earnings per share [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EarningsPerShareAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_ifrs-full_EarningsPerShareAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1_c563edea-468a-466e-8bd0-9ccc209b4072_negatedTerseLabel_en-US" xlink:label="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Shares re-issued for employee share-based payment plans (in shares) </link:label>
<link:label id="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1_label_en-US" xlink:label="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stock Issued During Period, Shares, Treasury Stock Reissued 1 </link:label>
<link:label id="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1_documentation_en-US" xlink:label="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Stock Issued During Period, Shares, Treasury Stock Reissued 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1" xlink:href="bp-20231231.xsd#bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1" xlink:to="lab_bp_StockIssuedDuringPeriodSharesTreasuryStockReissued1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherProductsMember_a5b52615-ade0-44d9-9fd4-718323e753cf_terseLabel_en-US" xlink:label="lab_bp_OtherProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Products [Member] </link:label>
<link:label id="lab_bp_OtherProductsMember_label_en-US" xlink:label="lab_bp_OtherProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Products [Member] </link:label>
<link:label id="lab_bp_OtherProductsMember_documentation_en-US" xlink:label="lab_bp_OtherProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Products [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherProductsMember" xlink:href="bp-20231231.xsd#bp_OtherProductsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherProductsMember" xlink:to="lab_bp_OtherProductsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RevenueAndOtherOperatingIncomeIntersegment_c2610c3a-7cfd-4ea2-84f2-c6a081b3c71a_terseLabel_en-US" xlink:label="lab_bp_RevenueAndOtherOperatingIncomeIntersegment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less: sales and other operating revenues between segments </link:label>
<link:label id="lab_bp_RevenueAndOtherOperatingIncomeIntersegment_label_en-US" xlink:label="lab_bp_RevenueAndOtherOperatingIncomeIntersegment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue And Other Operating Income, Intersegment </link:label>
<link:label id="lab_bp_RevenueAndOtherOperatingIncomeIntersegment_documentation_en-US" xlink:label="lab_bp_RevenueAndOtherOperatingIncomeIntersegment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Revenue And Other Operating Income, Intersegment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RevenueAndOtherOperatingIncomeIntersegment" xlink:href="bp-20231231.xsd#bp_RevenueAndOtherOperatingIncomeIntersegment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RevenueAndOtherOperatingIncomeIntersegment" xlink:to="lab_bp_RevenueAndOtherOperatingIncomeIntersegment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_fbf8c8c9-aa70-4890-89f2-d47729781a26_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor's remuneration </link:label>
<link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of auditors' remuneration [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfAuditorsRemunerationExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures_4625495f-db52-4984-b693-35fa03860d73_terseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repayments of bonds, notes and debentures </link:label>
<link:label id="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of bonds, notes and debentures </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:to="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges_88957c65-5246-4733-9ecf-e7a4147d9e61_terseLabel_en-US" xlink:label="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sensitivity Analysis For Types Of Market Risk, Effect Of Change In Discount Rate Used To Estimate Impairment Charges </link:label>
<link:label id="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges_label_en-US" xlink:label="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sensitivity Analysis For Types Of Market Risk, Effect Of Change In Discount Rate Used To Estimate Impairment Charges </link:label>
<link:label id="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges_documentation_en-US" xlink:label="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sensitivity Analysis For Types Of Market Risk, Effect Of Change In Discount Rate Used To Estimate Impairment Charges </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges" xlink:href="bp-20231231.xsd#bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges" xlink:to="lab_bp_SensitivityAnalysisForTypesOfMarketRiskEffectOfChangeInDiscountRateUsedToEstimateImpairmentCharges" xlink:type="arc" order="1"/>
<link:label id="lab_us-gaap_MiddleEastMember_ebd8082c-21b7-4bd6-90eb-3efa53d61cae_terseLabel_en-US" xlink:label="lab_us-gaap_MiddleEastMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Middle East </link:label>
<link:label id="lab_us-gaap_MiddleEastMember_label_en-US" xlink:label="lab_us-gaap_MiddleEastMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Middle East [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_MiddleEastMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MiddleEastMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MiddleEastMember" xlink:to="lab_us-gaap_MiddleEastMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions_6ed21858-23fb-479f-a0db-1d6d5a6aa5fc_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reclassified to other payables </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through transfers and other changes, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForFinanceCosts_db6a40f4-490c-4a66-9462-c1384386fbc6_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForFinanceCosts_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for finance costs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForFinanceCosts" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForFinanceCosts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForFinanceCosts" xlink:to="lab_ifrs-full_AdjustmentsForFinanceCosts" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate_9dea37f8-a820-45a4-8bf9-919e237491cc_terseLabel_en-US" xlink:label="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Premium added to discount rate </link:label>
<link:label id="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate_label_en-US" xlink:label="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Discount Rate Used In Current Estimate Of Value In Use, Premium Rate </link:label>
<link:label id="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate_documentation_en-US" xlink:label="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Discount Rate Used In Current Estimate Of Value In Use, Premium Rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate" xlink:href="bp-20231231.xsd#bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate" xlink:to="lab_bp_DiscountRateUsedInCurrentEstimateOfValueInUsePremiumRate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_d2b0bd2b-3094-4fee-9038-db11b4f9c05a_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Levels of fair value hierarchy [axis] </link:label>
<link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Levels of fair value hierarchy [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherCurrentReceivables_0f25d30f-f9b3-436e-9344-c5636c240b14_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other current receivables </link:label>
<link:label id="lab_ifrs-full_OtherCurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other current receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherCurrentReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentReceivables" xlink:to="lab_ifrs-full_OtherCurrentReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_d77ec0d6-c772-4200-9d1d-8b39041215a6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about financial instruments [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about financial instruments [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradingMember_d82b0e87-bdc0-46f7-bea2-58b2279423fe_terseLabel_en-US" xlink:label="lab_bp_TradingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading [Member] </link:label>
<link:label id="lab_bp_TradingMember_label_en-US" xlink:label="lab_bp_TradingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trading [Member] </link:label>
<link:label id="lab_bp_TradingMember_documentation_en-US" xlink:label="lab_bp_TradingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trading </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradingMember" xlink:href="bp-20231231.xsd#bp_TradingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradingMember" xlink:to="lab_bp_TradingMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_2495d262-5980-4d26-9f02-7f8cfb5b49dd_totalLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) recognised in profit or loss </link:label>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_dedd4958-5c6a-4aa8-ae79-199a47cfa66c_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Charge (credit) for the year in the income statement </link:label>
<link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax expense (income) recognised in profit or loss </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems_1833de20-6279-48e4-8a4b-58e8ef621ed8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedged items [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about hedged items [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember_662edc6e-ca2c-4fe8-aefe-ca9eaa436f4c_terseLabel_en-US" xlink:label="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember_label_en-US" xlink:label="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments Related Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:label id="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember_documentation_en-US" xlink:label="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments Related Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:href="bp-20231231.xsd#bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:to="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxLiabilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncontrollingInterests_e8cc4d77-17b1-44de-8b3a-c72f70962e5c_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests </link:label>
<link:label id="lab_ifrs-full_NoncontrollingInterests_5b890dd0-2619-4e6b-856a-617d0e5c74bd_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests </link:label>
<link:label id="lab_ifrs-full_NoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-controlling interests </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncontrollingInterests"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_b3f3e667-cf49-404c-8e9e-a5f8ce0b7ac3_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement of changes in equity [table] </link:label>
<link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of changes in equity [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GoodwillMember_9a9a27b4-55b3-4dc2-a43a-8a281ee5c5bb_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill </link:label>
<link:label id="lab_ifrs-full_GoodwillMember_label_en-US" xlink:label="lab_ifrs-full_GoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Goodwill [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodwillMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GoodwillMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GoodwillMember" xlink:to="lab_ifrs-full_GoodwillMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearTwo_cf981280-a3af-42d6-93c2-5d650e2ca428_terseLabel_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Two </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearTwo_label_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Two </link:label>
<link:label id="lab_bp_ExpectedFutureBenefitPaymentYearTwo_documentation_en-US" xlink:label="lab_bp_ExpectedFutureBenefitPaymentYearTwo" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected Future Benefit Payment, Year Two </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpectedFutureBenefitPaymentYearTwo" xlink:href="bp-20231231.xsd#bp_ExpectedFutureBenefitPaymentYearTwo"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpectedFutureBenefitPaymentYearTwo" xlink:to="lab_bp_ExpectedFutureBenefitPaymentYearTwo" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill_282ec009-fbde-473a-b232-91b5134f5c01_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Disposals and retirements, intangible assets and goodwill </link:label>
<link:label id="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disposals and retirements, intangible assets and goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads_a5dbe8cb-303f-49b4-8a78-4df96b455920_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flow hedges and costs of hedging (including reclassifications) </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Net Of Tax, Cash Flow Hedges and Reserve Of Change In Value Of Foreign Currency Basis Spreads </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Net Of Tax, Cash Flow Hedges and Reserve Of Change In Value Of Foreign Currency Basis Spreads </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:to="lab_bp_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesandReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_7e9bd297-de9d-4457-878b-5c38a5a2a0e3_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Master netting arrangements </link:label>
<link:label id="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_ab56183c-363c-45ef-9f7e-a5c1c5c8634e_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) operating activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) operating activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentFiscalPeriodFocus_a35df6c7-7705-414a-b7d6-b15b997275d8_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Fiscal Period Focus </link:label>
<link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Fiscal Period Focus </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_a2a9807e-8f01-45ce-9eaa-abd6bfbb93c2_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> (Increase) decrease in other current and non-current assets </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for decrease (increase) in other assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems_238da1c5-20a3-46cf-be83-c32da5ce22c1_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems_c7c33762-d748-43d5-b1ad-f780d3065630_totalLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Other, Net of tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Net Of Tax, Other Items </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Net Of Tax, Other Items </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeNetOfTaxOtherItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:to="lab_bp_OtherComprehensiveIncomeNetOfTaxOtherItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfMortalityRates_f10964f7-62ce-4a4a-b829-3d0bcdc4e681_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfMortalityRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortality assumptions </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionOfMortalityRates_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfMortalityRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumption of mortality rates </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfMortalityRates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionOfMortalityRates"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfMortalityRates" xlink:to="lab_ifrs-full_ActuarialAssumptionOfMortalityRates" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract_e28cce84-3901-4835-9dae-503f68ba8382_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialAssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived_dab90390-0359-4e1b-a843-267fb03753ce_terseLabel_en-US" xlink:label="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Period over which cash flows for cash generating unit is derived </link:label>
<link:label id="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived_label_en-US" xlink:label="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Period Over Which Cash Flows For Cash Generating Unit Is Derived </link:label>
<link:label id="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived_documentation_en-US" xlink:label="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Period Over Which Cash Flows For Cash Generating Unit Is Derived </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived" xlink:href="bp-20231231.xsd#bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived" xlink:to="lab_bp_PeriodOverWhichCashFlowsForCashGeneratingUnitIsDerived" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract_6d969dba-8069-4c6a-a8df-95d90f0edb27_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in other provisions [abstract] </link:label>
<link:label id="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in other provisions [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_7ed12b70-36d3-466b-9300-0cec99a44c7a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenue and other income </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for recognition of revenue [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:type="arc" order="1"/>
<link:label id="lab_dei_CityAreaCode_02384d4b-5d2a-4ef7-b875-6b9cb91ca20d_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> City Area Code </link:label>
<link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> City Area Code </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PeriodUsedInDeterminingGoodwillImpairment_32165cd1-4890-429f-ad21-649782245a67_terseLabel_en-US" xlink:label="lab_bp_PeriodUsedInDeterminingGoodwillImpairment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Period used in testing for goodwill impairment </link:label>
<link:label id="lab_bp_PeriodUsedInDeterminingGoodwillImpairment_label_en-US" xlink:label="lab_bp_PeriodUsedInDeterminingGoodwillImpairment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Period Used In Determining Goodwill Impairment </link:label>
<link:label id="lab_bp_PeriodUsedInDeterminingGoodwillImpairment_documentation_en-US" xlink:label="lab_bp_PeriodUsedInDeterminingGoodwillImpairment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Period Used In Determining Goodwill Impairment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PeriodUsedInDeterminingGoodwillImpairment" xlink:href="bp-20231231.xsd#bp_PeriodUsedInDeterminingGoodwillImpairment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PeriodUsedInDeterminingGoodwillImpairment" xlink:to="lab_bp_PeriodUsedInDeterminingGoodwillImpairment" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TenPercentagePointDecreaseMember_a890919b-eb2d-49ec-a4eb-7659530d878e_terseLabel_en-US" xlink:label="lab_bp_TenPercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ten Percentage Point Decrease </link:label>
<link:label id="lab_bp_TenPercentagePointDecreaseMember_label_en-US" xlink:label="lab_bp_TenPercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Ten Percentage Point Decrease [Member] </link:label>
<link:label id="lab_bp_TenPercentagePointDecreaseMember_documentation_en-US" xlink:label="lab_bp_TenPercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Ten Percentage Point Decrease </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TenPercentagePointDecreaseMember" xlink:href="bp-20231231.xsd#bp_TenPercentagePointDecreaseMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TenPercentagePointDecreaseMember" xlink:to="lab_bp_TenPercentagePointDecreaseMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DistributionAndAdministrativeExpense_3820216b-990a-4c22-9c86-ad1ab1c2550e_terseLabel_en-US" xlink:label="lab_ifrs-full_DistributionAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Distribution and administration expenses </link:label>
<link:label id="lab_ifrs-full_DistributionAndAdministrativeExpense_label_en-US" xlink:label="lab_ifrs-full_DistributionAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Distribution and administrative expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DistributionAndAdministrativeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DistributionAndAdministrativeExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DistributionAndAdministrativeExpense" xlink:to="lab_ifrs-full_DistributionAndAdministrativeExpense" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_6d7fcd63-bf8d-449c-bf2a-968a143cfc45_periodStartLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Net deferred tax liability, beginning of period </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_5cdb6e09-e927-4445-8ae2-ab01029c5949_periodEndLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Net deferred tax liability, end of period </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_e4fe64f8-5429-4aba-919b-0133ee061624_totalLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Deferred tax liability (asset) </link:label>
<link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred tax liability (asset) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilityAsset" xlink:to="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_d0105b36-4418-4827-9e37-445e97e80e98_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interest in acquiree recognised at acquisition date </link:label>
<link:label id="lab_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-controlling interest in acquiree recognised at acquisition date </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:to="lab_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BiogasRightsAgreementMember_c74ad8c2-41ca-42b5-a39e-d7257a324387_terseLabel_en-US" xlink:label="lab_bp_BiogasRightsAgreementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Biogas rights agreement </link:label>
<link:label id="lab_bp_BiogasRightsAgreementMember_label_en-US" xlink:label="lab_bp_BiogasRightsAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Biogas rights agreement [Member] </link:label>
<link:label id="lab_bp_BiogasRightsAgreementMember_documentation_en-US" xlink:label="lab_bp_BiogasRightsAgreementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Biogas rights agreement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BiogasRightsAgreementMember" xlink:href="bp-20231231.xsd#bp_BiogasRightsAgreementMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BiogasRightsAgreementMember" xlink:to="lab_bp_BiogasRightsAgreementMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsMaximumBorrowingCapacity_da567cf9-761e-407c-84e7-274fcb03a926_terseLabel_en-US" xlink:label="lab_bp_BorrowingsMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum borrowing capacity </link:label>
<link:label id="lab_bp_BorrowingsMaximumBorrowingCapacity_label_en-US" xlink:label="lab_bp_BorrowingsMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, Maximum Borrowing Capacity </link:label>
<link:label id="lab_bp_BorrowingsMaximumBorrowingCapacity_documentation_en-US" xlink:label="lab_bp_BorrowingsMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings, Maximum Borrowing Capacity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsMaximumBorrowingCapacity" xlink:href="bp-20231231.xsd#bp_BorrowingsMaximumBorrowingCapacity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsMaximumBorrowingCapacity" xlink:to="lab_bp_BorrowingsMaximumBorrowingCapacity" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard_1f19f319-ea5f-43f0-adc9-516a9f76ca3f_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of member-nominated directors in trustee board (director) </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard_label_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Member-Nominated Directors In Trustee Board </link:label>
<link:label id="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plans, Number Of Member-Nominated Directors In Trustee Board </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard" xlink:to="lab_bp_DefinedBenefitPlansNumberOfMemberNominatedDirectorsInTrusteeBoard" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentFinancialLiabilities_cbe4a34a-e328-43f0-b98a-b200a00141cc_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current financial liabilities </link:label>
<link:label id="lab_ifrs-full_NoncurrentFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinancialLiabilities" xlink:to="lab_ifrs-full_NoncurrentFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings_859bb216-77dc-4cbe-9856-5835fecf29c8_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net increase (decrease) in short-term debt </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) increase (decrease) in current borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:to="lab_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentFiscalYearFocus_68f36e39-9c86-4144-ae95-37fd819b38ca_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Fiscal Year Focus </link:label>
<link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Fiscal Year Focus </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag_c02557c3-a7a2-47f7-80c6-6f28c1b6f099_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Financial Statement Restatement Recovery Analysis [Flag] </link:label>
<link:label id="lab_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Financial Statement Restatement Recovery Analysis [Flag] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFinStmtRestatementRecoveryAnalysisFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:to="lab_dei_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Subsegments1Domain_1eb1141b-3a98-48fc-a692-1b9d91eae3d2_terseLabel_en-US" xlink:label="lab_bp_Subsegments1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsegments 1 [Domain] </link:label>
<link:label id="lab_bp_Subsegments1Domain_label_en-US" xlink:label="lab_bp_Subsegments1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsegments 1 [Domain] </link:label>
<link:label id="lab_bp_Subsegments1Domain_documentation_en-US" xlink:label="lab_bp_Subsegments1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Subsegments 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Subsegments1Domain" xlink:href="bp-20231231.xsd#bp_Subsegments1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Subsegments1Domain" xlink:to="lab_bp_Subsegments1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonCurrentFixedAssets_2a8f5015-b9fd-4840-a008-1e41427abe8f_totalLabel_en-US" xlink:label="lab_bp_NonCurrentFixedAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Fixed assets </link:label>
<link:label id="lab_bp_NonCurrentFixedAssets_label_en-US" xlink:label="lab_bp_NonCurrentFixedAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-Current, Fixed Assets </link:label>
<link:label id="lab_bp_NonCurrentFixedAssets_documentation_en-US" xlink:label="lab_bp_NonCurrentFixedAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-Current, Fixed Assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonCurrentFixedAssets" xlink:href="bp-20231231.xsd#bp_NonCurrentFixedAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonCurrentFixedAssets" xlink:to="lab_bp_NonCurrentFixedAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StandbyCreditFacilityMember_9910e5ab-0231-4ce2-800c-c80de5ddb656_terseLabel_en-US" xlink:label="lab_bp_StandbyCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Standby Credit Facility </link:label>
<link:label id="lab_bp_StandbyCreditFacilityMember_label_en-US" xlink:label="lab_bp_StandbyCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Standby Credit Facility [Member] </link:label>
<link:label id="lab_bp_StandbyCreditFacilityMember_documentation_en-US" xlink:label="lab_bp_StandbyCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Standby Credit Facility [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StandbyCreditFacilityMember" xlink:href="bp-20231231.xsd#bp_StandbyCreditFacilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StandbyCreditFacilityMember" xlink:to="lab_bp_StandbyCreditFacilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentInventoriesArisingFromExtractiveActivities_6e4a515e-c4ae-4fb0-9794-5b064c9a5ee5_totalLabel_en-US" xlink:label="lab_bp_CurrentInventoriesArisingFromExtractiveActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total current inventories </link:label>
<link:label id="lab_bp_CurrentInventoriesArisingFromExtractiveActivities_label_en-US" xlink:label="lab_bp_CurrentInventoriesArisingFromExtractiveActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Inventories Arising From Extractive Activities </link:label>
<link:label id="lab_bp_CurrentInventoriesArisingFromExtractiveActivities_documentation_en-US" xlink:label="lab_bp_CurrentInventoriesArisingFromExtractiveActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Inventories Arising From Extractive Activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentInventoriesArisingFromExtractiveActivities" xlink:href="bp-20231231.xsd#bp_CurrentInventoriesArisingFromExtractiveActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentInventoriesArisingFromExtractiveActivities" xlink:to="lab_bp_CurrentInventoriesArisingFromExtractiveActivities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrencyRiskMember_b0281d99-9ae0-4c0c-a6a9-c597842a1018_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Currency risk </link:label>
<link:label id="lab_ifrs-full_CurrencyRiskMember_83bf2cc9-b184-4ce8-a723-ca595d83a2db_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Foreign exchange risk </link:label>
<link:label id="lab_ifrs-full_CurrencyRiskMember_label_en-US" xlink:label="lab_ifrs-full_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency risk [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrencyRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrencyRiskMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrencyRiskMember" xlink:to="lab_ifrs-full_CurrencyRiskMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GelsenkirchenRefineryMember_45910d65-2a5a-415c-bf11-8bcc7f0fc3d8_terseLabel_en-US" xlink:label="lab_bp_GelsenkirchenRefineryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gelsenkirchen refinery </link:label>
<link:label id="lab_bp_GelsenkirchenRefineryMember_label_en-US" xlink:label="lab_bp_GelsenkirchenRefineryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gelsenkirchen refinery [Member] </link:label>
<link:label id="lab_bp_GelsenkirchenRefineryMember_documentation_en-US" xlink:label="lab_bp_GelsenkirchenRefineryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gelsenkirchen refinery </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GelsenkirchenRefineryMember" xlink:href="bp-20231231.xsd#bp_GelsenkirchenRefineryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GelsenkirchenRefineryMember" xlink:to="lab_bp_GelsenkirchenRefineryMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract_6804279c-337a-407e-8c50-6563189581ea_terseLabel_en-US" xlink:label="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exploration For And Evaluation Of Mineral Resources [Abstract] </link:label>
<link:label id="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract_label_en-US" xlink:label="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Exploration For And Evaluation Of Mineral Resources [Abstract] </link:label>
<link:label id="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract_documentation_en-US" xlink:label="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Exploration For And Evaluation Of Mineral Resources [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:href="bp-20231231.xsd#bp_ExplorationForAndEvaluationOfMineralResourcesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:to="lab_bp_ExplorationForAndEvaluationOfMineralResourcesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TreasuryShares_853bddc6-7949-4849-8e53-e8f500a5969e_periodStartLabel_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Treasury shares outstanding, beginning of period </link:label>
<link:label id="lab_ifrs-full_TreasuryShares_a8857f82-b8a7-4e1f-8efb-4c3924082b82_periodEndLabel_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Treasury shares outstanding, end of period </link:label>
<link:label id="lab_ifrs-full_TreasuryShares_label_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TreasuryShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasuryShares" xlink:to="lab_ifrs-full_TreasuryShares" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember_637b0ee5-d925-4ba7-91ff-68e6ec3b6944_terseLabel_en-US" xlink:label="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-Term Borrowings, Excluding Finance Lease Liabilities </link:label>
<link:label id="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember_label_en-US" xlink:label="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-Term Borrowings, Excluding Finance Lease Liabilities [Member] </link:label>
<link:label id="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember_documentation_en-US" xlink:label="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long-Term Borrowings, Excluding Finance Lease Liabilities [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember" xlink:href="bp-20231231.xsd#bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember" xlink:to="lab_bp_LongTermBorrowingsExcludingFinanceLeaseLiabilitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_51e0116a-0ab5-4b5a-9594-efa670905774_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_120be4a0-52bd-41ab-b93d-bb78d676fddc_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Current derivatives, Fair value liabilities </link:label>
<link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current derivative financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_dei_SecurityReportingObligation_fcd09e4f-3299-4400-af10-d1aeed9d1019_terseLabel_en-US" xlink:label="lab_dei_SecurityReportingObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Security Reporting Obligation </link:label>
<link:label id="lab_dei_SecurityReportingObligation_label_en-US" xlink:label="lab_dei_SecurityReportingObligation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Security Reporting Obligation </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityReportingObligation" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityReportingObligation" xlink:to="lab_dei_SecurityReportingObligation" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CorporateDebtSecurities1Member_01ad59d0-a047-4ec8-be75-72037b6d298a_terseLabel_en-US" xlink:label="lab_bp_CorporateDebtSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate bondsd </link:label>
<link:label id="lab_bp_CorporateDebtSecurities1Member_label_en-US" xlink:label="lab_bp_CorporateDebtSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Corporate Debt Securities1 [Member] </link:label>
<link:label id="lab_bp_CorporateDebtSecurities1Member_documentation_en-US" xlink:label="lab_bp_CorporateDebtSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Corporate Debt Securities1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CorporateDebtSecurities1Member" xlink:href="bp-20231231.xsd#bp_CorporateDebtSecurities1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CorporateDebtSecurities1Member" xlink:to="lab_bp_CorporateDebtSecurities1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_6103965b-209c-4442-9eb2-23d8e420cbfe_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issue of perpetual hybrid bonds </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through other changes, equity </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans_c7def69c-c926-4620-b9f7-9a96fd8118cb_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase in number of ordinary shares outstanding (in shares) </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Potential Ordinary Shares, Employee Share-Based Payment Plans </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Potential Ordinary Shares, Employee Share-Based Payment Plans </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans" xlink:to="lab_bp_IncreaseDecreaseInNumberOfPotentialOrdinarySharesEmployeeShareBasedPaymentPlans" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OperatingSegmentsMember_261120fd-f42f-464c-bd47-199931be0529_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating segments </link:label>
<link:label id="lab_ifrs-full_OperatingSegmentsMember_label_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Operating segments [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingSegmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OperatingSegmentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingSegmentsMember" xlink:to="lab_ifrs-full_OperatingSegmentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonCurrentPayablesRelatedToSignificantEvent_3eaedb82-cbf4-49d6-963d-89446678a3be_terseLabel_en-US" xlink:label="lab_bp_NonCurrentPayablesRelatedToSignificantEvent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current payables related to the Gulf of Mexico oil spill </link:label>
<link:label id="lab_bp_NonCurrentPayablesRelatedToSignificantEvent_label_en-US" xlink:label="lab_bp_NonCurrentPayablesRelatedToSignificantEvent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-Current Payables Related To Significant Event </link:label>
<link:label id="lab_bp_NonCurrentPayablesRelatedToSignificantEvent_documentation_en-US" xlink:label="lab_bp_NonCurrentPayablesRelatedToSignificantEvent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-Current Payables Related To Significant Event </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonCurrentPayablesRelatedToSignificantEvent" xlink:href="bp-20231231.xsd#bp_NonCurrentPayablesRelatedToSignificantEvent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonCurrentPayablesRelatedToSignificantEvent" xlink:to="lab_bp_NonCurrentPayablesRelatedToSignificantEvent" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ServiceStationsMember_36ab9910-61be-4017-80c6-81d88276f2b7_terseLabel_en-US" xlink:label="lab_bp_ServiceStationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Service stations </link:label>
<link:label id="lab_bp_ServiceStationsMember_label_en-US" xlink:label="lab_bp_ServiceStationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Service Stations [Member] </link:label>
<link:label id="lab_bp_ServiceStationsMember_documentation_en-US" xlink:label="lab_bp_ServiceStationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Service Stations [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ServiceStationsMember" xlink:href="bp-20231231.xsd#bp_ServiceStationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ServiceStationsMember" xlink:to="lab_bp_ServiceStationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsPaid_9be1e7c0-468d-4d43-a118-8bc56d72bc2e_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaid" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Dividends </link:label>
<link:label id="lab_ifrs-full_DividendsPaid_label_en-US" xlink:label="lab_ifrs-full_DividendsPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends recognised as distributions to owners </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaid" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsPaid"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid" xlink:to="lab_ifrs-full_DividendsPaid" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_54abc717-c8a7-4134-a5c2-2e56dce1bcde_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialAssetsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_9f09c44a-ee4b-4b97-9afd-e7631c095a14_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Less: netting by counterparty </link:label>
<link:label id="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_label_en-US" xlink:label="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
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<link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_9acbb183-5d0a-4bd6-9d2b-3e2493fb902c_terseLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expenditure on research and development </link:label>
<link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_label_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Research and development expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ResearchAndDevelopmentExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:to="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_22a7946a-58c8-4ebc-bc50-bbd46f9ef62f_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property plant and equipment not subject to operating leases </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment not subject to operating leases [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BpHuskyToledoRefineryMember_2f0c36e7-78d6-4486-a467-791c97329ce8_terseLabel_en-US" xlink:label="lab_bp_BpHuskyToledoRefineryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> bp-Husky Toledo refinery </link:label>
<link:label id="lab_bp_BpHuskyToledoRefineryMember_label_en-US" xlink:label="lab_bp_BpHuskyToledoRefineryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> bp-Husky Toledo refinery [Member] </link:label>
<link:label id="lab_bp_BpHuskyToledoRefineryMember_documentation_en-US" xlink:label="lab_bp_BpHuskyToledoRefineryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> bp-Husky Toledo refinery </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BpHuskyToledoRefineryMember" xlink:href="bp-20231231.xsd#bp_BpHuskyToledoRefineryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BpHuskyToledoRefineryMember" xlink:to="lab_bp_BpHuskyToledoRefineryMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CapitalRedemptionReserveMember_84e9f24f-9dfe-474d-aa2e-20a1a1238150_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Capital redemption reserve [member] </link:label>
<link:label id="lab_ifrs-full_CapitalRedemptionReserveMember_label_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital redemption reserve [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CapitalRedemptionReserveMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CapitalRedemptionReserveMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CapitalRedemptionReserveMember" xlink:to="lab_ifrs-full_CapitalRedemptionReserveMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate_f14a7c04-84fa-418b-90bf-0b6be1370420_terseLabel_en-US" xlink:label="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax rate effect from decision to exit shareholding in associate </link:label>
<link:label id="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate_label_en-US" xlink:label="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tax rate effect from decision to exit shareholding in associate </link:label>
<link:label id="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate_documentation_en-US" xlink:label="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tax rate effect from decision to exit shareholding in associate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate" xlink:href="bp-20231231.xsd#bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate" xlink:to="lab_bp_TaxRateEffectFromDecisionToExitShareholdingInAssociate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_d44bceba-df18-4344-be02-0206bc3f9570_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Purchases, fair value measurement, assets </link:label>
<link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchases, fair value measurement, assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchasesFairValueMeasurementAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_ca0519af-f128-42b9-8f64-a593eb242ad5_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation, depletion and amortization </link:label>
<link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation and amortisation expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod_01f44436-f985-4d23-a9f8-270a151862ab_terseLabel_en-US" xlink:label="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchases </link:label>
<link:label id="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod_2b225723-326d-444c-9a7e-10f69ca8f28d_verboseLabel_en-US" xlink:label="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Cost of inventories expensed in the income statement </link:label>
<link:label id="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod_label_en-US" xlink:label="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cost of inventories recognised as expense during period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:to="lab_ifrs-full_CostOfInventoriesRecognisedAsExpenseDuringPeriod" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock_6f741b1f-6f32-4821-afb5-a40e965df847_terseLabel_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Use of judgements, estimates and assumptions </link:label>
<link:label id="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock_label_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description Of Accounting Policy For Use Of Judgements, Estimates, And Assumptions [Policy Text Block] </link:label>
<link:label id="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock_documentation_en-US" xlink:label="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Description Of Accounting Policy For Use Of Judgements, Estimates, And Assumptions [Policy Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock" xlink:href="bp-20231231.xsd#bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock" xlink:to="lab_bp_DescriptionOfAccountingPolicyForUseOfJudgementsEstimatesAndAssumptionsPolicyTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialLiabilitiesCategoryMember_af10f064-a6d0-4d19-aca6-86441fc31c8e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities, category [member] </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilitiesCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities, category [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesCategoryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_0f934329-ac41-4e9d-b988-cf472725814f_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current finance debt </link:label>
<link:label id="lab_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current borrowings and current portion of non-current borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="lab_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory_3da82dbc-b279-4cae-9bdd-e38b842fae9c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other investments </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory_97a73e15-64da-40d6-8de1-f64a1ece7932_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_6b79d0d8-00cd-428c-b64d-5d730fee3e3b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency translation differences (including reclassifications) </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_707932e4-125a-411a-8425-b10807b05d88_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Currency translation differences (including reclassifications), Net of tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, exchange differences on translation of foreign operations </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_BorrowingsByNameMember_f2d20a57-5286-4564-baf5-1ce343998930_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings by name [member] </link:label>
<link:label id="lab_ifrs-full_BorrowingsByNameMember_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings by name [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsByNameMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameMember" xlink:to="lab_ifrs-full_BorrowingsByNameMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_f6cbe357-e148-42ba-be01-253768636926_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchases of goods, related party </link:label>
<link:label id="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchases of goods, related party transactions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchasesOfGoodsRelatedPartyTransactions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:to="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DocumentInformationAbstract_2ad036cc-9994-4ec4-97c0-3a482b7b732b_terseLabel_en-US" xlink:label="lab_bp_DocumentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Information [Abstract] </link:label>
<link:label id="lab_bp_DocumentInformationAbstract_label_en-US" xlink:label="lab_bp_DocumentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Information [Abstract] </link:label>
<link:label id="lab_bp_DocumentInformationAbstract_documentation_en-US" xlink:label="lab_bp_DocumentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Document Information [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DocumentInformationAbstract" xlink:href="bp-20231231.xsd#bp_DocumentInformationAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DocumentInformationAbstract" xlink:to="lab_bp_DocumentInformationAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPCapitalMarketsAmericaMember_9fc0561e-a760-426f-9425-287e7c12e556_terseLabel_en-US" xlink:label="lab_bp_BPCapitalMarketsAmericaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Capital Markets America Inc. </link:label>
<link:label id="lab_bp_BPCapitalMarketsAmericaMember_label_en-US" xlink:label="lab_bp_BPCapitalMarketsAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Capital Markets America [Member] </link:label>
<link:label id="lab_bp_BPCapitalMarketsAmericaMember_documentation_en-US" xlink:label="lab_bp_BPCapitalMarketsAmericaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Capital Markets America [Member] </link:label>
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<link:label id="lab_bp_DisclosureOfEmployeeCostsAndAverageNumberofEmployeesTableTextBlock_83f7615d-c347-4fce-b6f8-14cdc4ba253d_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfEmployeeCostsAndAverageNumberofEmployeesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee costs and average number of employees </link:label>
<link:label id="lab_bp_DisclosureOfEmployeeCostsAndAverageNumberofEmployeesTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfEmployeeCostsAndAverageNumberofEmployeesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Employee Costs And Average Number of Employees [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfEmployeeCostsAndAverageNumberofEmployeesTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfEmployeeCostsAndAverageNumberofEmployeesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Employee Costs And Average Number of Employees [Table Text Block] </link:label>
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<link:label id="lab_ifrs-full_ActuarialAssumptionsAxis_61beb7cc-d7fe-48ee-9085-0f19119d45c7_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Actuarial assumptions [axis] </link:label>
<link:label id="lab_ifrs-full_ActuarialAssumptionsAxis_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Actuarial assumptions [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ActuarialAssumptionsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionsAxis" xlink:to="lab_ifrs-full_ActuarialAssumptionsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NetDebt_c42913d2-f3cd-45c5-9ba6-1a625c687c3d_totalLabel_en-US" xlink:label="lab_ifrs-full_NetDebt" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net debt </link:label>
<link:label id="lab_ifrs-full_NetDebt_label_en-US" xlink:label="lab_ifrs-full_NetDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net debt </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDebt" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetDebt"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDebt" xlink:to="lab_ifrs-full_NetDebt" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract_c903840d-b0c9-448e-ad19-65fe659846ca_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) resulting from </link:label>
<link:label id="lab_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract_label_en-US" xlink:label="lab_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Between Average Effective Rate And Applicable Tax Rate [Abstract] </link:label>
<link:label id="lab_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Between Average Effective Rate And Applicable Tax Rate [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseBetweenAverageEffectiveRateAndApplicableTaxRateAbstract"/>
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<link:label id="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_38e6b3a2-1892-4e3f-b69a-33bb1488e5ac_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Acquisitions, net of cash acquired </link:label>
<link:label id="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities </link:label>
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<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments_c02f8c51-f580-46c0-a52d-3bc6ce697da2_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, gains (losses) on remeasurements of equity instruments </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, before tax, gains (losses) on remeasurements of equity instruments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfEquityInstruments"/>
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<link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_b466b3f3-9dc6-4fcf-8f88-3b57ae855ca6_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Remeasurements recognized in other comprehensive income (liabilities) assets </link:label>
<link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset"/>
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<link:label id="lab_ifrs-full_DisclosureOfRevenueExplanatory_c4caefbe-8704-4765-b9d6-b01881824807_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales and other operating revenues </link:label>
<link:label id="lab_ifrs-full_DisclosureOfRevenueExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of revenue [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRevenueExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRevenueExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRevenueExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare_85642de7-d351-4e9d-83b5-e471a6a7ccc9_terseLabel_en-US" xlink:label="lab_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of ordinary share equivalents per American Depositary Share (in shares) </link:label>
<link:label id="lab_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare_label_en-US" xlink:label="lab_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Equivalent Ordinary Shares Per American Depositary Share </link:label>
<link:label id="lab_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare_documentation_en-US" xlink:label="lab_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number Of Equivalent Ordinary Shares Per American Depositary Share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare" xlink:href="bp-20231231.xsd#bp_NumberOfEquivalentOrdinarySharesPerAmericanDepositaryShare"/>
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<link:label id="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock_558eaedd-c4d4-4c26-8096-0147e985487f_terseLabel_en-US" xlink:label="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of other investments </link:label>
<link:label id="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock_label_en-US" xlink:label="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule Of Other Investments [Table Text Block] </link:label>
<link:label id="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock_documentation_en-US" xlink:label="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule Of Other Investments [Table Text Block] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ScheduleOfOtherInvestmentsTableTextBlock" xlink:to="lab_bp_ScheduleOfOtherInvestmentsTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressCityOrTown_6e602e7a-63ca-447b-a153-5c844bc660f5_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, City or Town </link:label>
<link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, City or Town </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits_77f3de56-658e-4b2d-a355-30c8e6bd7c03_terseLabel_en-US" xlink:label="lab_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Period used in determining value in use for cash-generating units </link:label>
<link:label id="lab_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits_label_en-US" xlink:label="lab_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Period Used In Determining Value In Use For Cash-Generating Units </link:label>
<link:label id="lab_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits_documentation_en-US" xlink:label="lab_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Period Used In Determining Value In Use For Cash-Generating Units </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits" xlink:href="bp-20231231.xsd#bp_PeriodUsedInDeterminingValueInUseForCashGeneratingUnits"/>
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<link:label id="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction_37a21cd3-a7a8-485e-a631-919cd402e22f_terseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision for doubtful debts </link:label>
<link:label id="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction_label_en-US" xlink:label="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions for doubtful debts related to outstanding balances of related party transaction </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction"/>
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<link:label id="lab_ifrs-full_ReconciliationOfChangesInIntangibleAssetsOtherThanGoodwillAbstract_4efc1946-b410-4e64-ba67-cc011a5a0889_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInIntangibleAssetsOtherThanGoodwillAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of changes in intangible assets other than goodwill [abstract] </link:label>
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<link:label id="lab_ifrs-full_RestatedMember_972cfd67-f99b-4603-99b7-dc0e177a8acf_terseLabel_en-US" xlink:label="lab_ifrs-full_RestatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currently stated [member] </link:label>
<link:label id="lab_ifrs-full_RestatedMember_label_en-US" xlink:label="lab_ifrs-full_RestatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currently stated [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestatedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RestatedMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestatedMember" xlink:to="lab_ifrs-full_RestatedMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_82707a70-9962-4f73-b017-e30ad9d65a39_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-adjusting events after reporting period [axis] </link:label>
<link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-adjusting events after reporting period [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
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<link:label id="lab_ifrs-full_LeaseLiabilities_7514bc32-1663-4a54-a7b0-ae36edc43fd8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Lease liabilities </link:label>
<link:label id="lab_ifrs-full_LeaseLiabilities_ffd40905-93bd-44a4-8e2f-c52fec3d0b63_periodStartLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Lease liabilities </link:label>
<link:label id="lab_ifrs-full_LeaseLiabilities_7d6aceca-12a0-454d-b1eb-9c85d4fbdf88_periodEndLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Lease liabilities </link:label>
<link:label id="lab_ifrs-full_LeaseLiabilities_708d4640-308a-49fc-9f78-1eb25da381fe_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lease liabilities </link:label>
<link:label id="lab_ifrs-full_LeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lease liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LeaseLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities" xlink:to="lab_ifrs-full_LeaseLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CommittedLetterOfCreditFacilitiesMember_7a27dd0c-d572-458a-ae2e-38dc24d866d8_terseLabel_en-US" xlink:label="lab_bp_CommittedLetterOfCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Committed Letter Of Credit Facilities [Member] </link:label>
<link:label id="lab_bp_CommittedLetterOfCreditFacilitiesMember_label_en-US" xlink:label="lab_bp_CommittedLetterOfCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Committed Letter Of Credit Facilities [Member] </link:label>
<link:label id="lab_bp_CommittedLetterOfCreditFacilitiesMember_documentation_en-US" xlink:label="lab_bp_CommittedLetterOfCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Committed Letter Of Credit Facilities [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CommittedLetterOfCreditFacilitiesMember" xlink:href="bp-20231231.xsd#bp_CommittedLetterOfCreditFacilitiesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CommittedLetterOfCreditFacilitiesMember" xlink:to="lab_bp_CommittedLetterOfCreditFacilitiesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CCCPlusAndBelowRatingMember_738c0c4d-5f99-4a0e-91c4-0747d32b50b2_terseLabel_en-US" xlink:label="lab_bp_CCCPlusAndBelowRatingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CCC+ and below </link:label>
<link:label id="lab_bp_CCCPlusAndBelowRatingMember_label_en-US" xlink:label="lab_bp_CCCPlusAndBelowRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> CCC Plus And Below Rating [Member] </link:label>
<link:label id="lab_bp_CCCPlusAndBelowRatingMember_documentation_en-US" xlink:label="lab_bp_CCCPlusAndBelowRatingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> CCC Plus And Below Rating [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CCCPlusAndBelowRatingMember" xlink:href="bp-20231231.xsd#bp_CCCPlusAndBelowRatingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CCCPlusAndBelowRatingMember" xlink:to="lab_bp_CCCPlusAndBelowRatingMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SalesRevenueAbstract_5496dfed-e45b-4447-bf2d-42acba28b308_terseLabel_en-US" xlink:label="lab_bp_SalesRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment revenues </link:label>
<link:label id="lab_bp_SalesRevenueAbstract_label_en-US" xlink:label="lab_bp_SalesRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sales Revenue [Abstract] </link:label>
<link:label id="lab_bp_SalesRevenueAbstract_documentation_en-US" xlink:label="lab_bp_SalesRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sales Revenue [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SalesRevenueAbstract" xlink:href="bp-20231231.xsd#bp_SalesRevenueAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SalesRevenueAbstract" xlink:to="lab_bp_SalesRevenueAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PurchaserOfDisposalGroupDomain_d541d935-0c29-4825-a019-c658b23ce88b_terseLabel_en-US" xlink:label="lab_bp_PurchaserOfDisposalGroupDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchaser of disposal group [Domain] </link:label>
<link:label id="lab_bp_PurchaserOfDisposalGroupDomain_label_en-US" xlink:label="lab_bp_PurchaserOfDisposalGroupDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Purchaser of disposal group [Domain] </link:label>
<link:label id="lab_bp_PurchaserOfDisposalGroupDomain_documentation_en-US" xlink:label="lab_bp_PurchaserOfDisposalGroupDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Purchaser of disposal group </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PurchaserOfDisposalGroupDomain" xlink:href="bp-20231231.xsd#bp_PurchaserOfDisposalGroupDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PurchaserOfDisposalGroupDomain" xlink:to="lab_bp_PurchaserOfDisposalGroupDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialLiabilities_75f50120-021a-44ab-93d1-d376e4230ec5_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilities_60552f2c-0499-460d-919c-e22aeb521efe_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Financial liabilities </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilities" xlink:to="lab_ifrs-full_FinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RestOfWorldReportedThroughUKMember_b4d4c27d-4a15-42cd-8a68-404946253a88_terseLabel_en-US" xlink:label="lab_bp_RestOfWorldReportedThroughUKMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Rest of world reported through UK [Member] </link:label>
<link:label id="lab_bp_RestOfWorldReportedThroughUKMember_label_en-US" xlink:label="lab_bp_RestOfWorldReportedThroughUKMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Rest of world reported through UK [Member] </link:label>
<link:label id="lab_bp_RestOfWorldReportedThroughUKMember_documentation_en-US" xlink:label="lab_bp_RestOfWorldReportedThroughUKMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Rest of world reported through UK </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RestOfWorldReportedThroughUKMember" xlink:href="bp-20231231.xsd#bp_RestOfWorldReportedThroughUKMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RestOfWorldReportedThroughUKMember" xlink:to="lab_bp_RestOfWorldReportedThroughUKMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsReceived_6475a792-4aa0-4c20-9467-9e55f7acfbc9_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends received </link:label>
<link:label id="lab_ifrs-full_DividendsReceived_label_en-US" xlink:label="lab_ifrs-full_DividendsReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends received </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsReceived"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsReceived" xlink:to="lab_ifrs-full_DividendsReceived" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_RevenueAbstract_f77880aa-d5da-425c-abf0-e01a1bb82ccd_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenue [abstract] </link:label>
<link:label id="lab_ifrs-full_RevenueAbstract_label_en-US" xlink:label="lab_ifrs-full_RevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAbstract" xlink:to="lab_ifrs-full_RevenueAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SecondPreferenceSharesMember_d208b658-ed8d-4dcb-9a04-1defb05abe63_terseLabel_en-US" xlink:label="lab_bp_SecondPreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Second Preference Shares </link:label>
<link:label id="lab_bp_SecondPreferenceSharesMember_label_en-US" xlink:label="lab_bp_SecondPreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Second Preference Shares [Member] </link:label>
<link:label id="lab_bp_SecondPreferenceSharesMember_documentation_en-US" xlink:label="lab_bp_SecondPreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Second Preference Shares [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SecondPreferenceSharesMember" xlink:href="bp-20231231.xsd#bp_SecondPreferenceSharesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SecondPreferenceSharesMember" xlink:to="lab_bp_SecondPreferenceSharesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AAAToAAMinusRatingMember_35a06702-1fdd-43d3-92b9-4df577f4adfd_terseLabel_en-US" xlink:label="lab_bp_AAAToAAMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AAA to AA- </link:label>
<link:label id="lab_bp_AAAToAAMinusRatingMember_label_en-US" xlink:label="lab_bp_AAAToAAMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AAA To AA Minus Rating [Member] </link:label>
<link:label id="lab_bp_AAAToAAMinusRatingMember_documentation_en-US" xlink:label="lab_bp_AAAToAAMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> AAA To AA Minus Rating [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AAAToAAMinusRatingMember" xlink:href="bp-20231231.xsd#bp_AAAToAAMinusRatingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AAAToAAMinusRatingMember" xlink:to="lab_bp_AAAToAAMinusRatingMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_34ba82ae-8ab7-4d4e-b0c6-c2b02ca56cac_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current tax payable </link:label>
<link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current tax liabilities, current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinanceCostsAbstract_d5e0ed41-cbd0-44aa-b6a2-0379713f23ba_terseLabel_en-US" xlink:label="lab_bp_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance costs </link:label>
<link:label id="lab_bp_FinanceCostsAbstract_label_en-US" xlink:label="lab_bp_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Finance Costs [Abstract] </link:label>
<link:label id="lab_bp_FinanceCostsAbstract_documentation_en-US" xlink:label="lab_bp_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Finance Costs [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinanceCostsAbstract" xlink:href="bp-20231231.xsd#bp_FinanceCostsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinanceCostsAbstract" xlink:to="lab_bp_FinanceCostsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RosneftMember_91128076-543c-406c-a77a-e5052427eb48_terseLabel_en-US" xlink:label="lab_bp_RosneftMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Rosneft </link:label>
<link:label id="lab_bp_RosneftMember_label_en-US" xlink:label="lab_bp_RosneftMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Rosneft [Member] </link:label>
<link:label id="lab_bp_RosneftMember_documentation_en-US" xlink:label="lab_bp_RosneftMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Rosneft [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RosneftMember" xlink:href="bp-20231231.xsd#bp_RosneftMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RosneftMember" xlink:to="lab_bp_RosneftMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AverageNumberOfEmployees_dbd69940-b3f8-4a82-b3eb-655fc3aa386b_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Average number of employees (employee) </link:label>
<link:label id="lab_ifrs-full_AverageNumberOfEmployees_label_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Average number of employees </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageNumberOfEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AverageNumberOfEmployees"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageNumberOfEmployees" xlink:to="lab_ifrs-full_AverageNumberOfEmployees" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember_a7bf4c1e-085a-41e2-9a7a-4e699f5f4e3e_terseLabel_en-US" xlink:label="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net partner payable for leases entered into on behalf of joint operations </link:label>
<link:label id="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember_label_en-US" xlink:label="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net partner payable for leases entered into on behalf of joint operations [Member] </link:label>
<link:label id="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember_documentation_en-US" xlink:label="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Net partner payable for leases entered into on behalf of joint operations [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember" xlink:href="bp-20231231.xsd#bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember" xlink:to="lab_bp_NetpartnerpayableforleasesenteredintoonbehalfofjointoperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A3723GuaranteedNotesDue2028Member_ca76a5ff-ded1-401c-8282-461d35d2dab9_terseLabel_en-US" xlink:label="lab_bp_A3723GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3.723% Guaranteed Notes due 2028 </link:label>
<link:label id="lab_bp_A3723GuaranteedNotesDue2028Member_label_en-US" xlink:label="lab_bp_A3723GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 3.723% Guaranteed Notes due 2028 [Member] </link:label>
<link:label id="lab_bp_A3723GuaranteedNotesDue2028Member_documentation_en-US" xlink:label="lab_bp_A3723GuaranteedNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 3.723% Guaranteed Notes due 2028 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A3723GuaranteedNotesDue2028Member" xlink:href="bp-20231231.xsd#bp_A3723GuaranteedNotesDue2028Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A3723GuaranteedNotesDue2028Member" xlink:to="lab_bp_A3723GuaranteedNotesDue2028Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member_92449b62-8dc7-4163-bc2e-997ddbf0f02c_terseLabel_en-US" xlink:label="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets which are subject to review for impairment under IFRS 9 </link:label>
<link:label id="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member_label_en-US" xlink:label="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Assets Which Are Subject To Review For Impairment Under IFRS 9 [Member] </link:label>
<link:label id="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member_documentation_en-US" xlink:label="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financial Assets Which Are Subject To Review For Impairment Under IFRS 9 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member" xlink:href="bp-20231231.xsd#bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member" xlink:to="lab_bp_FinancialAssetsWhichAreSubjectToReviewForImpairmentUnderIFRS9Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BorrowingsInterestRatePeriod_5fea6974-0b3a-47c1-8932-cef6d5814cf2_terseLabel_en-US" xlink:label="lab_bp_BorrowingsInterestRatePeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Weighted average time for which rate is fixed Years </link:label>
<link:label id="lab_bp_BorrowingsInterestRatePeriod_label_en-US" xlink:label="lab_bp_BorrowingsInterestRatePeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings, Interest Rate, Period </link:label>
<link:label id="lab_bp_BorrowingsInterestRatePeriod_documentation_en-US" xlink:label="lab_bp_BorrowingsInterestRatePeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Borrowings, Interest Rate, Period </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BorrowingsInterestRatePeriod" xlink:href="bp-20231231.xsd#bp_BorrowingsInterestRatePeriod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BorrowingsInterestRatePeriod" xlink:to="lab_bp_BorrowingsInterestRatePeriod" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember_05dbde1b-9633-40f0-9ace-7619f6e482b9_terseLabel_en-US" xlink:label="lab_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Changes in tax rates or tax laws enacted or announced [member] </link:label>
<link:label id="lab_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember_label_en-US" xlink:label="lab_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Changes in tax rates or tax laws enacted or announced [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:to="lab_ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AssetsPreviouslySoldMember_14568e73-4fc6-442e-bc79-720495133ccb_terseLabel_en-US" xlink:label="lab_bp_AssetsPreviouslySoldMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets previously sold </link:label>
<link:label id="lab_bp_AssetsPreviouslySoldMember_label_en-US" xlink:label="lab_bp_AssetsPreviouslySoldMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets previously sold [Member] </link:label>
<link:label id="lab_bp_AssetsPreviouslySoldMember_documentation_en-US" xlink:label="lab_bp_AssetsPreviouslySoldMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Assets previously sold </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AssetsPreviouslySoldMember" xlink:href="bp-20231231.xsd#bp_AssetsPreviouslySoldMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AssetsPreviouslySoldMember" xlink:to="lab_bp_AssetsPreviouslySoldMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember_6bf7a25e-e1fb-431e-bd1f-6292d94efad0_terseLabel_en-US" xlink:label="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Decommissioning, environmental and other provisions </link:label>
<link:label id="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember_label_en-US" xlink:label="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decommissioning, Environmental And Other Provisions Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:label id="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember_documentation_en-US" xlink:label="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Decommissioning, Environmental And Other Provisions Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:href="bp-20231231.xsd#bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:to="lab_bp_DecommissioningEnvironmentalAndOtherProvisionsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts_ba8c1dbb-ac8d-46e6-bacf-5031d60528b7_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> The audit of the company annual accounts </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Audit Of The Company Annual Accounts </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Audit Of The Company Annual Accounts </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts" xlink:to="lab_bp_AuditorsRemunerationForAuditServicesAuditOfTheCompanyAnnualAccounts" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherReceivablesLineItems_9ece18c8-9cba-48cf-b297-dc9c4331a0a0_terseLabel_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables [Line Items] </link:label>
<link:label id="lab_bp_TradeAndOtherReceivablesLineItems_label_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other receivables [Line Items] </link:label>
<link:label id="lab_bp_TradeAndOtherReceivablesLineItems_documentation_en-US" xlink:label="lab_bp_TradeAndOtherReceivablesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade and other receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherReceivablesLineItems" xlink:href="bp-20231231.xsd#bp_TradeAndOtherReceivablesLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherReceivablesLineItems" xlink:to="lab_bp_TradeAndOtherReceivablesLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems_69ec26d6-5b7f-4bc1-b70e-d1e453a51553_negatedTerseLabel_en-US" xlink:label="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Other, Tax </link:label>
<link:label id="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems_label_en-US" xlink:label="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Relating To Other Comprehensive Income, Other Items </link:label>
<link:label id="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems_documentation_en-US" xlink:label="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income Tax Relating To Other Comprehensive Income, Other Items </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems" xlink:href="bp-20231231.xsd#bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems" xlink:to="lab_bp_IncomeTaxRelatingToOtherComprehensiveIncomeOtherItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_4385be7d-a86c-4131-847b-e09cc55bd075_terseLabel_en-US" xlink:label="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment and (gain) loss on sale of businesses and fixed assets </link:label>
<link:label id="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments For Impairment Loss (Reversal Of Impairment Loss) Recognised In Profit Or Loss, And Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries, Joint Ventures, And Associates </link:label>
<link:label id="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_documentation_en-US" xlink:label="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Adjustments For Impairment Loss (Reversal Of Impairment Loss) Recognised In Profit Or Loss, And Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries, Joint Ventures, And Associates </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="bp-20231231.xsd#bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_bp_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAndAdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems_7a794d85-2ef3-42c4-9c02-534d5830917e_terseLabel_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other, Pre-tax </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems_label_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Before Tax, Other Items </link:label>
<link:label id="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems_documentation_en-US" xlink:label="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income, Before Tax, Other Items </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherComprehensiveIncomeBeforeTaxOtherItems" xlink:href="bp-20231231.xsd#bp_OtherComprehensiveIncomeBeforeTaxOtherItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherComprehensiveIncomeBeforeTaxOtherItems" xlink:to="lab_bp_OtherComprehensiveIncomeBeforeTaxOtherItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPlusToBMinusRatingMember_e8eb3f21-6230-48fa-81e3-0126c4002457_terseLabel_en-US" xlink:label="lab_bp_BPlusToBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> B+ to B- </link:label>
<link:label id="lab_bp_BPlusToBMinusRatingMember_label_en-US" xlink:label="lab_bp_BPlusToBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> B Plus To B Minus Rating [Member] </link:label>
<link:label id="lab_bp_BPlusToBMinusRatingMember_documentation_en-US" xlink:label="lab_bp_BPlusToBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> B Plus To B Minus Rating [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPlusToBMinusRatingMember" xlink:href="bp-20231231.xsd#bp_BPlusToBMinusRatingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPlusToBMinusRatingMember" xlink:to="lab_bp_BPlusToBMinusRatingMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentInformationTable_72867446-571e-4225-8d2f-1dedf4d5eb66_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Information [Table] </link:label>
<link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Information [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_5f406088-79ba-4c1a-930e-6ba737e2e297_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Growth rate used to extrapolate cash flow projections </link:label>
<link:label id="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Growth rate used to extrapolate cash flow projections </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPExplorationAzerbaijanMember_3d72213a-5af4-4529-901e-3d5769668f20_terseLabel_en-US" xlink:label="lab_bp_BPExplorationAzerbaijanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Exploration (Azerbaijan) Limited </link:label>
<link:label id="lab_bp_BPExplorationAzerbaijanMember_label_en-US" xlink:label="lab_bp_BPExplorationAzerbaijanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Exploration (Azerbaijan) [Member] </link:label>
<link:label id="lab_bp_BPExplorationAzerbaijanMember_documentation_en-US" xlink:label="lab_bp_BPExplorationAzerbaijanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Exploration (Azerbaijan) [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPExplorationAzerbaijanMember" xlink:href="bp-20231231.xsd#bp_BPExplorationAzerbaijanMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPExplorationAzerbaijanMember" xlink:to="lab_bp_BPExplorationAzerbaijanMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EquityInvestmentsMember_26406ea3-d01c-4666-bbc7-cd87947b9a2b_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other investments </link:label>
<link:label id="lab_ifrs-full_EquityInvestmentsMember_label_en-US" xlink:label="lab_ifrs-full_EquityInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity investments [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInvestmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityInvestmentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityInvestmentsMember" xlink:to="lab_ifrs-full_EquityInvestmentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_cc345843-17e5-4363-8819-066e5203f74b_terseLabel_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contributions by plan participants (liabilities) assets </link:label>
<link:label id="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in net defined benefit liability (asset) resulting from contributions to plan by plan participants </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices_e758aafa-7c8c-4d54-98e5-524594192877_totalLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total audit </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices_b01c9af9-26f8-4116-be14-3e649a680395_terseLabel_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total audit expenses, excluding interim services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices_label_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Excluding Interim And Other Services </link:label>
<link:label id="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices_documentation_en-US" xlink:label="lab_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Auditor's Remuneration For Audit Services, Excluding Interim And Other Services </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices" xlink:href="bp-20231231.xsd#bp_AuditorsRemunerationForAuditServicesExcludingInterimAndOtherServices"/>
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<link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_b225a32c-0e32-496e-bfd3-2d72630d3ba0_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additions </link:label>
<link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additions other than through business combinations, property, plant and equipment </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_92435b2a-0ff7-44bb-8d40-808191d8cf95_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity attributable to owners of parent [member] </link:label>
<link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity attributable to owners of parent [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InternalRevenueServiceIRS1Member_57d00f4f-8682-474b-8b79-33de68201329_terseLabel_en-US" xlink:label="lab_bp_InternalRevenueServiceIRS1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Internal Revenue Service (IRS) </link:label>
<link:label id="lab_bp_InternalRevenueServiceIRS1Member_label_en-US" xlink:label="lab_bp_InternalRevenueServiceIRS1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Revenue Service (IRS) 1 [Member] </link:label>
<link:label id="lab_bp_InternalRevenueServiceIRS1Member_documentation_en-US" xlink:label="lab_bp_InternalRevenueServiceIRS1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Internal Revenue Service (IRS) 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InternalRevenueServiceIRS1Member" xlink:href="bp-20231231.xsd#bp_InternalRevenueServiceIRS1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InternalRevenueServiceIRS1Member" xlink:to="lab_bp_InternalRevenueServiceIRS1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_42d27f1f-c904-47ae-999f-18dc9084f9b3_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 2 </link:label>
<link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Level 2 of fair value hierarchy [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Level2OfFairValueHierarchyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrencySwapContractMember_5a33a809-48f9-489c-906b-3b937371b674_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrencySwapContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Currency derivatives </link:label>
<link:label id="lab_ifrs-full_CurrencySwapContractMember_label_en-US" xlink:label="lab_ifrs-full_CurrencySwapContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currency swap contract [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrencySwapContractMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrencySwapContractMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrencySwapContractMember" xlink:to="lab_ifrs-full_CurrencySwapContractMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A4.699GuaranteedNotesDue2029Member_801de42e-0c66-4bf6-a952-2e4142f22518_terseLabel_en-US" xlink:label="lab_bp_A4.699GuaranteedNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.699% Guaranteed Notes due 2029 </link:label>
<link:label id="lab_bp_A4.699GuaranteedNotesDue2029Member_label_en-US" xlink:label="lab_bp_A4.699GuaranteedNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.699% Guaranteed Notes due 2029 [Member] </link:label>
<link:label id="lab_bp_A4.699GuaranteedNotesDue2029Member_documentation_en-US" xlink:label="lab_bp_A4.699GuaranteedNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.699% Guaranteed Notes due 2029 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4.699GuaranteedNotesDue2029Member" xlink:href="bp-20231231.xsd#bp_A4.699GuaranteedNotesDue2029Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4.699GuaranteedNotesDue2029Member" xlink:to="lab_bp_A4.699GuaranteedNotesDue2029Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract_ce3c734d-5f29-4c10-b38d-745ef3ee8753_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to components of other comprehensive income that will be reclassified to profit or loss [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1_5980612c-f115-40f6-8841-f27fb454c07b_negatedTerseLabel_en-US" xlink:label="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Embedded derivative, Fair value liabilities </link:label>
<link:label id="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1_label_en-US" xlink:label="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Embedded Derivative, Fair Value Of Embedded Derivative Liability 1 </link:label>
<link:label id="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1_documentation_en-US" xlink:label="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Embedded Derivative, Fair Value Of Embedded Derivative Liability 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1" xlink:href="bp-20231231.xsd#bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1" xlink:to="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability1" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_32f7cdd5-3f5b-4163-b33a-f8eed86a1831_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities [axis] </link:label>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities arising from financing activities [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_6d76747a-f1db-4dc7-9370-3a4201f31c6e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provisions and contingencies, Decommissioning, Environmental expenditures and liabilities </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for provisions [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentPrepayments_31bfcf29-a395-4691-933f-4ee83a5c9dca_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPrepayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Prepayments </link:label>
<link:label id="lab_ifrs-full_NoncurrentPrepayments_label_en-US" xlink:label="lab_ifrs-full_NoncurrentPrepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-current prepayments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPrepayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentPrepayments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentPrepayments" xlink:to="lab_ifrs-full_NoncurrentPrepayments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_UnusedProvisionReversedOtherProvisions_cad68f48-47ca-4fca-956d-e74b3f3660d4_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unused provision reversed, other provisions </link:label>
<link:label id="lab_ifrs-full_UnusedProvisionReversedOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unused provision reversed, other provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UnusedProvisionReversedOtherProvisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:to="lab_ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1_97456375-6731-465b-aef9-c14911f118a0_terseLabel_en-US" xlink:label="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Embedded derivatives, Fair value assets </link:label>
<link:label id="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1_label_en-US" xlink:label="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Embedded Derivative, Fair Value Of Embedded Derivative Asset 1 </link:label>
<link:label id="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1_documentation_en-US" xlink:label="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Embedded Derivative, Fair Value Of Embedded Derivative Asset 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1" xlink:href="bp-20231231.xsd#bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1" xlink:to="lab_bp_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset1" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems_b8792acb-21d7-43c2-adbc-dfce2d0cd9f0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of temporary difference, unused tax losses and unused tax credits [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of temporary difference, unused tax losses and unused tax credits [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems"/>
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<link:label id="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract_8254ea37-102e-4289-8cd7-99c2b7ec9132_terseLabel_en-US" xlink:label="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract_label_en-US" xlink:label="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables non financial assets [Abstract] </link:label>
<link:label id="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract_documentation_en-US" xlink:label="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables non financial assets [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract" xlink:href="bp-20231231.xsd#bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract" xlink:to="lab_bp_TradeandothercurrentreceivablesnonfinancialassetsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RumailaMember_4220efd0-c5c2-46f2-9b74-a2b7addaabbe_terseLabel_en-US" xlink:label="lab_bp_RumailaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Rumaila [Member] </link:label>
<link:label id="lab_bp_RumailaMember_label_en-US" xlink:label="lab_bp_RumailaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Rumaila [Member] </link:label>
<link:label id="lab_bp_RumailaMember_documentation_en-US" xlink:label="lab_bp_RumailaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Rumaila </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RumailaMember" xlink:href="bp-20231231.xsd#bp_RumailaMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RumailaMember" xlink:to="lab_bp_RumailaMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_ff2101b2-b3b4-455d-936b-670fcce51b90_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Leases </link:label>
<link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of leases [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfLeasesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_ae7f71ba-3c33-4e42-b409-4261fc9744ef_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment consolidation items [axis] </link:label>
<link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment consolidation items [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SegmentConsolidationItemsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:to="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember_9455ed9a-9f39-415d-8f6e-179025791ce5_terseLabel_en-US" xlink:label="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative financial instruments </link:label>
<link:label id="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember_label_en-US" xlink:label="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:label id="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember_documentation_en-US" xlink:label="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:href="bp-20231231.xsd#bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:to="lab_bp_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BPEuropaSEMember_dde29cbd-7cdb-4173-80e2-ec648321cae6_terseLabel_en-US" xlink:label="lab_bp_BPEuropaSEMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BP Europa SE </link:label>
<link:label id="lab_bp_BPEuropaSEMember_label_en-US" xlink:label="lab_bp_BPEuropaSEMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BP Europa SE [Member] </link:label>
<link:label id="lab_bp_BPEuropaSEMember_documentation_en-US" xlink:label="lab_bp_BPEuropaSEMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BP Europa SE [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BPEuropaSEMember" xlink:href="bp-20231231.xsd#bp_BPEuropaSEMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BPEuropaSEMember" xlink:to="lab_bp_BPEuropaSEMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract_927a569b-e48d-4045-8ad1-1fb61951f8ec_terseLabel_en-US" xlink:label="lab_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subclassifications of assets, liabilities and equities [abstract] </link:label>
<link:label id="lab_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subclassifications of assets, liabilities and equities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:to="lab_ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract_2cfccef3-3695-43f7-9ea0-eac9a040e97a_terseLabel_en-US" xlink:label="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate Information And Statement Of IFRS Compliance [Abstract] </link:label>
<link:label id="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract_label_en-US" xlink:label="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Corporate information and statement of IFRS compliance [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:to="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_e18bc80d-7349-483b-99cc-9aa9980101c3_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment losses </link:label>
<link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment loss recognised in profit or loss, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_a87d01b6-07ce-4f10-b578-4e10162b414f_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impairment loss recognised in profit or loss, goodwill </link:label>
<link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impairment loss recognised in profit or loss, goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentInformationLineItems_cbfd6974-79d0-4c49-9c5e-0aea12c4587e_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Information [Line Items] </link:label>
<link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Information [Line Items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NonControllingInterestsOtherInterestMember_320ceeae-6e34-48c9-a4b9-b8437084dd06_terseLabel_en-US" xlink:label="lab_bp_NonControllingInterestsOtherInterestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling interests, other interest [Member] </link:label>
<link:label id="lab_bp_NonControllingInterestsOtherInterestMember_label_en-US" xlink:label="lab_bp_NonControllingInterestsOtherInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Non-controlling interests, other interest [Member] </link:label>
<link:label id="lab_bp_NonControllingInterestsOtherInterestMember_documentation_en-US" xlink:label="lab_bp_NonControllingInterestsOtherInterestMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Non-controlling interests, other interest </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NonControllingInterestsOtherInterestMember" xlink:href="bp-20231231.xsd#bp_NonControllingInterestsOtherInterestMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NonControllingInterestsOtherInterestMember" xlink:to="lab_bp_NonControllingInterestsOtherInterestMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_1d03e91b-abf7-4480-b9c1-58d5d76bdc73_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of associates [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of associates [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_USDollarBorrowingsMember_e687d4f4-1bf9-4c45-ba6a-94f7370db6f4_terseLabel_en-US" xlink:label="lab_bp_USDollarBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> US dollar </link:label>
<link:label id="lab_bp_USDollarBorrowingsMember_label_en-US" xlink:label="lab_bp_USDollarBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> US Dollar Borrowings [Member] </link:label>
<link:label id="lab_bp_USDollarBorrowingsMember_documentation_en-US" xlink:label="lab_bp_USDollarBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> US Dollar Borrowings [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_USDollarBorrowingsMember" xlink:href="bp-20231231.xsd#bp_USDollarBorrowingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_USDollarBorrowingsMember" xlink:to="lab_bp_USDollarBorrowingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_c0c16815-eaec-405c-a974-497f5dc7bb4a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ownership percentage in subsidiary </link:label>
<link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proportion of ownership interest in subsidiary </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfJointVenturesExplanatory_cc938ae8-eb30-4224-906c-a1b4a73ce08e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments in joint ventures </link:label>
<link:label id="lab_ifrs-full_DisclosureOfJointVenturesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of joint ventures [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfJointVenturesExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember_7fc91722-679d-49a7-829b-fdcc1a2f8791_terseLabel_en-US" xlink:label="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Temporary Differences, Deferred Tax Assets </link:label>
<link:label id="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember_label_en-US" xlink:label="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Temporary Differences, Deferred Tax Assets [Member] </link:label>
<link:label id="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember_documentation_en-US" xlink:label="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Temporary Differences, Deferred Tax Assets [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TemporaryDifferencesDeferredTaxAssetsMember" xlink:href="bp-20231231.xsd#bp_TemporaryDifferencesDeferredTaxAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TemporaryDifferencesDeferredTaxAssetsMember" xlink:to="lab_bp_TemporaryDifferencesDeferredTaxAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SeparateFinancialStatementsAbstract_9ca0cf61-3834-47b3-86e6-6dac729f267e_terseLabel_en-US" xlink:label="lab_bp_SeparateFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Separate Financial Statements [Abstract] </link:label>
<link:label id="lab_bp_SeparateFinancialStatementsAbstract_label_en-US" xlink:label="lab_bp_SeparateFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Separate Financial Statements [Abstract] </link:label>
<link:label id="lab_bp_SeparateFinancialStatementsAbstract_documentation_en-US" xlink:label="lab_bp_SeparateFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Separate Financial Statements [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SeparateFinancialStatementsAbstract" xlink:href="bp-20231231.xsd#bp_SeparateFinancialStatementsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SeparateFinancialStatementsAbstract" xlink:to="lab_bp_SeparateFinancialStatementsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_090d684c-e9c3-45d2-9951-5e4dc29e55f8_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additions to right-of-use assets in the period </link:label>
<link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additions to right-of-use assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsToRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdditionsToRightofuseAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsToRightofuseAssets" xlink:to="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions_a642505f-0d38-41fa-9be6-2e62b08773ef_terseLabel_en-US" xlink:label="lab_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitments in relations to contracts with associates </link:label>
<link:label id="lab_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments made by entity, related party transactions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:to="lab_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_7f7a846f-8bf8-4638-b382-d670b5223437_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of options exercisable (in shares) </link:label>
<link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of share options exercisable in share-based payment arrangement </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_fc65a152-4fa1-4e7b-bd07-79daab8177ea_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pensions and other post-retirement benefits </link:label>
<link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Key management personnel compensation, post-employment benefits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Goodwill_d27b34af-a777-4678-8e6f-376659c1ed88_terseLabel_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill </link:label>
<link:label id="lab_ifrs-full_Goodwill_label_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Goodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Goodwill" xlink:to="lab_ifrs-full_Goodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_9aa1c5f3-e489-4bb6-9b88-3a1280c251bf_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsidiaries [axis] </link:label>
<link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsidiaries [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1_bbe17655-e472-42b2-826d-c657c0285cbc_terseLabel_en-US" xlink:label="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative asset (liability) </link:label>
<link:label id="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1_label_en-US" xlink:label="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Assets (Liabilities), At Fair Value, Net 1 </link:label>
<link:label id="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1_documentation_en-US" xlink:label="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Assets (Liabilities), At Fair Value, Net 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeAssetsLiabilitiesAtFairValueNet1" xlink:href="bp-20231231.xsd#bp_DerivativeAssetsLiabilitiesAtFairValueNet1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeAssetsLiabilitiesAtFairValueNet1" xlink:to="lab_bp_DerivativeAssetsLiabilitiesAtFairValueNet1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset_01c78be6-6295-4815-8656-adf39fa28466_terseLabel_en-US" xlink:label="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Settlement payments in respect of net defined benefit liabilities (assets) </link:label>
<link:label id="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments In Respect Of Benefits, Net Defined Benefit Liability (Asset) </link:label>
<link:label id="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Payments In Respect Of Benefits, Net Defined Benefit Liability (Asset) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset" xlink:href="bp-20231231.xsd#bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset" xlink:to="lab_bp_PaymentsInRespectOfBenefitsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityRegistrantName_65b76381-9c62-4bd8-bae7-48f1cfc868cb_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Registrant Name </link:label>
<link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Registrant Name </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract_9091c36c-3767-4e8e-91d8-509dd4e4c6f6_terseLabel_en-US" xlink:label="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Undiscounted operating lease payments for future commitments for leases not yet commenced [Abstract] </link:label>
<link:label id="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract_label_en-US" xlink:label="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Undiscounted operating lease payments for future commitments for leases not yet commenced [Abstract] </link:label>
<link:label id="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract_documentation_en-US" xlink:label="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Undiscounted operating lease payments for future commitments for leases not yet commenced [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract" xlink:href="bp-20231231.xsd#bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract" xlink:to="lab_bp_UndiscountedoperatingleasepaymentsforfuturecommitmentsforleasesnotyetcommencedAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_2e9e6ea7-dc46-42f4-b3df-eb8af43ed3ca_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Designated as measured at fair value through other comprehensive income </link:label>
<link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial liabilities at amortised cost, category [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources_48b41848-d392-49a7-9dc3-c487e2b5f641_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities </link:label>
<link:label id="lab_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities arising from exploration for and evaluation of mineral resources </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources" xlink:to="lab_ifrs-full_LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities_32831472-07c4-49a4-a522-f4e1f38e5420_terseLabel_en-US" xlink:label="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other non-current payables non-financial liabilities </link:label>
<link:label id="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities_label_en-US" xlink:label="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Non-Current Payables Non-Financial Liabilities </link:label>
<link:label id="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities_documentation_en-US" xlink:label="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Non-Current Payables Non-Financial Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OtherNonCurrentPayablesNonFinancialLiabilities" xlink:href="bp-20231231.xsd#bp_OtherNonCurrentPayablesNonFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OtherNonCurrentPayablesNonFinancialLiabilities" xlink:to="lab_bp_OtherNonCurrentPayablesNonFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill_26b3363c-2a0b-4991-9f47-f8231689d229_terseLabel_en-US" xlink:label="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets other than goodwill, estimated useful lives </link:label>
<link:label id="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Useful Lives, Intangible Assets Other Than Goodwill </link:label>
<link:label id="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill_documentation_en-US" xlink:label="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Useful Lives, Intangible Assets Other Than Goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:href="bp-20231231.xsd#bp_UsefulLivesIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:to="lab_bp_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_45deb90a-fa8a-4926-982f-21ebfed0d5d2_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Temporary difference, unused tax losses and unused tax credits [axis] </link:label>
<link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Temporary difference, unused tax losses and unused tax credits [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_dei_AuditorName_9c60b2a4-7c1b-4c64-a015-81338cd91f09_terseLabel_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Auditor Name </link:label>
<link:label id="lab_dei_AuditorName_label_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Auditor Name </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorName" xlink:to="lab_dei_AuditorName" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_a03ff60a-afdc-4e43-b665-254fb366e73c_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Analysis of the amount recognized in other comprehensive income </link:label>
<link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Changes in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:to="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable_91acee71-694f-4b5b-b1ff-da6ee5722ccf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of analysis of other comprehensive income by item [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of analysis of other comprehensive income by item [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RetirementPlanType1Axis_b99cfb37-f6be-401d-812a-94f16e8aa275_terseLabel_en-US" xlink:label="lab_bp_RetirementPlanType1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Axis] </link:label>
<link:label id="lab_bp_RetirementPlanType1Axis_label_en-US" xlink:label="lab_bp_RetirementPlanType1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Axis] </link:label>
<link:label id="lab_bp_RetirementPlanType1Axis_documentation_en-US" xlink:label="lab_bp_RetirementPlanType1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RetirementPlanType1Axis" xlink:href="bp-20231231.xsd#bp_RetirementPlanType1Axis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RetirementPlanType1Axis" xlink:to="lab_bp_RetirementPlanType1Axis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent_78c6e14c-1168-40f0-aaa1-8b3da084836b_terseLabel_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred consideration relating to the disposals, receivable within one year </link:label>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent_label_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sale Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Receivable, Current </link:label>
<link:label id="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent_documentation_en-US" xlink:label="lab_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sale Of Property, Plant And Equipment, And Losing Control Of Subsidiaries Or Other Businesses, Receivable, Current </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent" xlink:href="bp-20231231.xsd#bp_SaleOfPropertyPlantAndEquipmentAndLosingControlOfSubsidiariesOrOtherBusinessesReceivableCurrent"/>
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<link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_8ebbf4bd-2aea-4676-8192-63ad66b4d066_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mandatorily measured at fair value through profit or loss </link:label>
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<link:label id="lab_bp_DecreaseThroughBusinessDisposalsNetDefinedBenefitLiabilityAsset_0f8f7140-2fe1-4a8a-9d02-6de832544aa9_negatedLabel_en-US" xlink:label="lab_bp_DecreaseThroughBusinessDisposalsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Disposals of (benefit obligations) and fair value of plan asset </link:label>
<link:label id="lab_bp_DecreaseThroughBusinessDisposalsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_bp_DecreaseThroughBusinessDisposalsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease Through Business Disposals, Net Defined Benefit Liability (Asset) </link:label>
<link:label id="lab_bp_DecreaseThroughBusinessDisposalsNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_bp_DecreaseThroughBusinessDisposalsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Decrease Through Business Disposals, Net Defined Benefit Liability (Asset) </link:label>
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<link:label id="lab_bp_ForeignTaxAuthorityMember_ca5d3aa8-92f9-48e4-afac-15e79f31551b_terseLabel_en-US" xlink:label="lab_bp_ForeignTaxAuthorityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> US Tax Authority </link:label>
<link:label id="lab_bp_ForeignTaxAuthorityMember_label_en-US" xlink:label="lab_bp_ForeignTaxAuthorityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Foreign Tax Authority [Member] </link:label>
<link:label id="lab_bp_ForeignTaxAuthorityMember_documentation_en-US" xlink:label="lab_bp_ForeignTaxAuthorityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Foreign Tax Authority [Member] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ForeignTaxAuthorityMember" xlink:to="lab_bp_ForeignTaxAuthorityMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_b564542c-759f-4658-bf2e-40c2527010f8_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for segment consolidation items [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for segment consolidation items [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
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<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_79fe4f46-f924-4b9d-a929-cf3dba97c5a3_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other payables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_23bbcc86-e4f0-45db-bd36-bd7357b6596e_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current payables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_b417f890-7ffd-41a3-8b57-8e6e0a496d49_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current payables </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other current payables </link:label>
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<link:label id="lab_dei_EntityCentralIndexKey_5c701747-ddc8-4d32-901f-070423edaedf_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Central Index Key </link:label>
<link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Central Index Key </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems_ff7b6568-ad70-4181-8355-d416082a124b_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about legal proceedings [Line Items] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems_label_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about legal proceedings [Line Items] </link:label>
<link:label id="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems_documentation_en-US" xlink:label="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about legal proceedings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems" xlink:href="bp-20231231.xsd#bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems" xlink:to="lab_bp_DisclosureOfDetailedInformationAboutLegalProceedingsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProductionSupplies_11231ac8-49e7-4e26-a684-872c6443c421_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductionSupplies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Supplies </link:label>
<link:label id="lab_ifrs-full_ProductionSupplies_label_en-US" xlink:label="lab_ifrs-full_ProductionSupplies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current production supplies </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductionSupplies" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProductionSupplies"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductionSupplies" xlink:to="lab_ifrs-full_ProductionSupplies" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SalesToJointVenturesAbstract_058bb041-fda3-482e-9c5f-8d0c68bc82a2_terseLabel_en-US" xlink:label="lab_bp_SalesToJointVenturesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales To Joint Ventures [Abstract] </link:label>
<link:label id="lab_bp_SalesToJointVenturesAbstract_label_en-US" xlink:label="lab_bp_SalesToJointVenturesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sales To Joint Ventures [Abstract] </link:label>
<link:label id="lab_bp_SalesToJointVenturesAbstract_documentation_en-US" xlink:label="lab_bp_SalesToJointVenturesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sales To Joint Ventures [Abstract] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SalesToJointVenturesAbstract" xlink:to="lab_bp_SalesToJointVenturesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BiogasRightsAgreementsMember_450d23f1-a8c3-4aa1-8e66-3c34f732ee3a_terseLabel_en-US" xlink:label="lab_bp_BiogasRightsAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Biogas rights agreements </link:label>
<link:label id="lab_bp_BiogasRightsAgreementsMember_label_en-US" xlink:label="lab_bp_BiogasRightsAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Biogas rights agreements [Member] </link:label>
<link:label id="lab_bp_BiogasRightsAgreementsMember_documentation_en-US" xlink:label="lab_bp_BiogasRightsAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Biogas rights agreements </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BiogasRightsAgreementsMember" xlink:href="bp-20231231.xsd#bp_BiogasRightsAgreementsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BiogasRightsAgreementsMember" xlink:to="lab_bp_BiogasRightsAgreementsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_55a133ce-dc2f-4890-aee3-10a4cbf1fded_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of classes of share capital [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of classes of share capital [line items] </link:label>
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<link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_920cd563-7afc-4822-bc62-a9b136144618_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of typical useful lives of other property, plant and equipment </link:label>
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<link:label id="lab_ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_46be5137-fef0-4665-b932-760cf5b0e146_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Defined benefit pension plan and other post-retirement benefit plan deficits </link:label>
<link:label id="lab_ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_432d9690-d121-4229-8935-e696672f341b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Defined benefit pension plan and other post-retirement benefit plan deficits </link:label>
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<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan"/>
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<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_c38dda66-e4c4-4eff-a918-4b681ab5e2ad_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Tax charge (credit) recognized within other comprehensive income </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_1880a01c-a7d8-4a5a-8a02-cce077eb3017_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, Tax </link:label>
<link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income tax relating to components of other comprehensive income </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome"/>
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<link:label id="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember_340ff3bb-df17-4960-8ce2-4e0be6ddbc70_terseLabel_en-US" xlink:label="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lease Liabilities </link:label>
<link:label id="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember_label_en-US" xlink:label="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lease Liabilities Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:label id="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember_documentation_en-US" xlink:label="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Lease Liabilities Related Temporary Differences, Deferred Tax Asset [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:href="bp-20231231.xsd#bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:to="lab_bp_LeaseLiabilitiesRelatedTemporaryDifferencesDeferredTaxAssetMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems_cdd5a399-b598-4394-b358-da83ed9506d1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about business combination [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of detailed information about business combination [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AssociatesMember_e97ae68b-cc96-4e53-893b-4551488bbd74_terseLabel_en-US" xlink:label="lab_ifrs-full_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Associates </link:label>
<link:label id="lab_ifrs-full_AssociatesMember_label_en-US" xlink:label="lab_ifrs-full_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Associates [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssociatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AssociatesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssociatesMember" xlink:to="lab_ifrs-full_AssociatesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_d95bc370-1607-4fb1-a494-8911f4a950cd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of deferred tax in the income statement and the balance sheet by category of temporary difference </link:label>
<link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of temporary difference, unused tax losses and unused tax credits [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory"/>
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<link:label id="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage_f1560ca1-a7b9-485f-8c68-44fe5ade100c_terseLabel_en-US" xlink:label="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Percentage of the capital paid on preference shares, added to accrued and unpaid dividends </link:label>
<link:label id="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage_label_en-US" xlink:label="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Winding Up Of The Company, Accrued And Unpaid Dividends Plus This Percentage </link:label>
<link:label id="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage_documentation_en-US" xlink:label="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Winding Up Of The Company, Accrued And Unpaid Dividends Plus This Percentage </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage" xlink:href="bp-20231231.xsd#bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage" xlink:to="lab_bp_WindingUpOfTheCompanyAccruedAndUnpaidDividendsPlusThisPercentage" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax_8a0d27b8-ee9a-4381-b64d-dd2453c89c20_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share of equity-accounted entities’ changes in equity, net of tax </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax_label_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Share Of Equity Of Joint Ventures And Associates Accounted For Using Equity Method, Net Of Tax </link:label>
<link:label id="lab_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) Through Change In Share Of Equity Of Joint Ventures And Associates Accounted For Using Equity Method, Net Of Tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseThroughChangeInShareOfEquityOfJointVenturesAndAssociatesAccountedForUsingEquityMethodNetOfTax"/>
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<link:label id="lab_ifrs-full_GeographicalAreasMember_d748ea5d-7719-4731-952c-ef40b8d1f2e3_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Geographical areas [member] </link:label>
<link:label id="lab_ifrs-full_GeographicalAreasMember_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Geographical areas [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GeographicalAreasMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasMember" xlink:to="lab_ifrs-full_GeographicalAreasMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember_2676d3b9-8e34-4e99-85a6-4796a82dde8f_terseLabel_en-US" xlink:label="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate and foreign currency risk on finance debt </link:label>
<link:label id="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember_label_en-US" xlink:label="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Rate And Foreign Currency Risk On Finance Debt [Member] </link:label>
<link:label id="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember_documentation_en-US" xlink:label="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest Rate And Foreign Currency Risk On Finance Debt [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember" xlink:href="bp-20231231.xsd#bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember" xlink:to="lab_bp_InterestRateAndForeignCurrencyRiskOnFinanceDebtMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityDomain_41686e47-d8e2-4881-a117-32212d57b936_terseLabel_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity [Domain] </link:label>
<link:label id="lab_dei_EntityDomain_label_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity [Domain] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain" xlink:to="lab_dei_EntityDomain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentTradeReceivables_f59ea0b2-e5b0-4bb7-a318-e28545ace354_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current trade receivables </link:label>
<link:label id="lab_ifrs-full_CurrentTradeReceivables_label_en-US" xlink:label="lab_ifrs-full_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current trade receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTradeReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTradeReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTradeReceivables" xlink:to="lab_ifrs-full_CurrentTradeReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock_9fef0fc5-0d95-4d3e-afd4-a843dd47fb0d_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other receivables </link:label>
<link:label id="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Trade And Other Receivables [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure of trade and other receivables [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock" xlink:to="lab_bp_DisclosureOfTradeAndOtherReceivablesTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgingInstrumentsMember_e3d140b0-9802-433c-8793-e3a010ed0362_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedging instruments [member] </link:label>
<link:label id="lab_ifrs-full_HedgingInstrumentsMember_label_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedging instruments [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgingInstrumentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgingInstrumentsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentsMember" xlink:to="lab_ifrs-full_HedgingInstrumentsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions_f51f74e0-cbb6-4786-8577-f0267ee299de_terseLabel_en-US" xlink:label="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current payables for capital expenditure and acquisitions </link:label>
<link:label id="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions_label_en-US" xlink:label="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Payables For Capital Expenditures And Acquisitions </link:label>
<link:label id="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions_documentation_en-US" xlink:label="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Payables For Capital Expenditures And Acquisitions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:href="bp-20231231.xsd#bp_CurrentPayablesForCapitalExpendituresAndAcquisitions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:to="lab_bp_CurrentPayablesForCapitalExpendituresAndAcquisitions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther_8c2e5034-0e10-4687-80c5-bdacf7291582_terseLabel_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other exploration costs </link:label>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther_label_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expense Arising From Exploration For And Evaluation Of Mineral Resources, Other </link:label>
<link:label id="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther_documentation_en-US" xlink:label="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expense Arising From Exploration For And Evaluation Of Mineral Resources, Other </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther" xlink:href="bp-20231231.xsd#bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther" xlink:to="lab_bp_ExpenseArisingFromExplorationForAndEvaluationOfMineralResourcesOther" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EquityMember_f8cd8d71-d184-44bc-a7c6-e5d8b459fec5_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity [member] </link:label>
<link:label id="lab_ifrs-full_EquityMember_label_en-US" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityMember" xlink:to="lab_ifrs-full_EquityMember" xlink:type="arc" order="1"/>
<link:label id="lab_dei_AmendmentFlag_0f4a3c92-c35c-4574-abbd-9bc8c2aa9a24_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amendment Flag </link:label>
<link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amendment Flag </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads_a7a4f220-e3de-414c-a7c6-a6f2c0ffae1f_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Costs of hedging (including reclassifications), Net of tax </link:label>
<link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other comprehensive income, net of tax, change in value of foreign currency basis spreads </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForeignCurrencyBasisSpreads" xlink:type="arc" order="1"/>
<link:label id="lab_dei_LegalEntityAxis_408d40c5-53f9-4c69-8561-317abe361097_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Legal Entity [Axis] </link:label>
<link:label id="lab_dei_LegalEntityAxis_label_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Legal Entity [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis" xlink:to="lab_dei_LegalEntityAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentReceivablesAbstract_51c363fe-fb5a-4c14-a37e-433b7a279040_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current </link:label>
<link:label id="lab_ifrs-full_NoncurrentReceivablesAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentReceivablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentReceivablesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentReceivablesAbstract" xlink:to="lab_ifrs-full_NoncurrentReceivablesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_11665312-b92c-410c-aec6-e6cc8ea1f0e0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial instruments and financial risk factors </link:label>
<link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of financial instruments [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesAbstract_4aab6df8-bc9a-441c-9401-2a47cc991814_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesAbstract_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentReceivablesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivablesAbstract" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivablesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_Pipelines1Member_8dc302c1-9af7-494f-b9ab-292bd08d9bec_terseLabel_en-US" xlink:label="lab_bp_Pipelines1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pipelines </link:label>
<link:label id="lab_bp_Pipelines1Member_label_en-US" xlink:label="lab_bp_Pipelines1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pipelines 1 [Member] </link:label>
<link:label id="lab_bp_Pipelines1Member_documentation_en-US" xlink:label="lab_bp_Pipelines1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Pipelines 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_Pipelines1Member" xlink:href="bp-20231231.xsd#bp_Pipelines1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_Pipelines1Member" xlink:to="lab_bp_Pipelines1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount_23e3de29-0004-4f3c-a401-cca61885b30c_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repurchase of ordinary share capital </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity Amount </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity Amount </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount" xlink:to="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquityAmount" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_381bcd84-f377-417b-aaf8-43634738d55b_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustmentsa </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through net exchange differences, deferred tax liability (asset) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets_fa976697-f454-4a1d-a673-b1422d189905_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other current receivables non-financial assets </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets_label_en-US" xlink:label="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Receivables, Non-Financial Assets </link:label>
<link:label id="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets_documentation_en-US" xlink:label="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Current Receivables, Non-Financial Assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets" xlink:href="bp-20231231.xsd#bp_TradeAndOtherCurrentReceivablesNonFinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets" xlink:to="lab_bp_TradeAndOtherCurrentReceivablesNonFinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_bp_JointVenturesAndAssociatesMember_3b17bbb8-2832-474e-aa06-0a38db97cee6_terseLabel_en-US" xlink:label="lab_bp_JointVenturesAndAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint ventures and associates </link:label>
<link:label id="lab_bp_JointVenturesAndAssociatesMember_label_en-US" xlink:label="lab_bp_JointVenturesAndAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Ventures And Associates [Member] </link:label>
<link:label id="lab_bp_JointVenturesAndAssociatesMember_documentation_en-US" xlink:label="lab_bp_JointVenturesAndAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Joint Ventures And Associates [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_JointVenturesAndAssociatesMember" xlink:href="bp-20231231.xsd#bp_JointVenturesAndAssociatesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_JointVenturesAndAssociatesMember" xlink:to="lab_bp_JointVenturesAndAssociatesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock_c5f5c728-22e6-45b5-a034-95d61e8848e4_terseLabel_en-US" xlink:label="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of unrecognized deferred tax or write-down of deferred tax assets </link:label>
<link:label id="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock_label_en-US" xlink:label="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure Of Unrecognized Deferred Tax Or Write-Down Of Deferred Tax Assets [Table Text Block] </link:label>
<link:label id="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock_documentation_en-US" xlink:label="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Disclosure Of Unrecognized Deferred Tax Or Write-Down Of Deferred Tax Assets [Table Text Block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock" xlink:href="bp-20231231.xsd#bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock" xlink:to="lab_bp_DisclosureOfUnrecognizedDeferredTaxOrWriteDownOfDeferredTaxAssetsTableTextBlock" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities_07410b03-1bba-4740-ba99-a6078f447933_totalLabel_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other noncurrent payables financial liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities_label_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Payables Financial Liabilities </link:label>
<link:label id="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities_documentation_en-US" xlink:label="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade And Other Non-Current Payables Financial Liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities" xlink:href="bp-20231231.xsd#bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities" xlink:to="lab_bp_TradeAndOtherNonCurrentPayablesFinancialLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract_321deff7-1ddf-43f4-b581-9ef0ca447943_terseLabel_en-US" xlink:label="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] </link:label>
<link:label id="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract" xlink:to="lab_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_382fc4c5-64e4-4376-9414-5b76e5251e7c_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in other current and non-current liabilities </link:label>
<link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for increase (decrease) in other liabilities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CorporateBondsMember_6802cf26-73cd-49e5-8e54-5f6d6ed1c2f3_terseLabel_en-US" xlink:label="lab_bp_CorporateBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate bonds [Member] </link:label>
<link:label id="lab_bp_CorporateBondsMember_label_en-US" xlink:label="lab_bp_CorporateBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Corporate bonds [Member] </link:label>
<link:label id="lab_bp_CorporateBondsMember_documentation_en-US" xlink:label="lab_bp_CorporateBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Corporate bonds </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CorporateBondsMember" xlink:href="bp-20231231.xsd#bp_CorporateBondsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CorporateBondsMember" xlink:to="lab_bp_CorporateBondsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfGoodwillExplanatory_d35b225e-f7e4-42d5-975a-426181fc5118_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill and impairment review of goodwill </link:label>
<link:label id="lab_ifrs-full_DisclosureOfGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of goodwill [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfGoodwillExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfGoodwillExplanatory" xlink:to="lab_ifrs-full_DisclosureOfGoodwillExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NetAssetsLiabilities_140dd6f5-6920-4f38-8884-b75e96669d79_totalLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net assets </link:label>
<link:label id="lab_ifrs-full_NetAssetsLiabilities_1ac073ae-766c-4689-ae70-d16b98520ca0_terseLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net assets </link:label>
<link:label id="lab_ifrs-full_NetAssetsLiabilities_1619aa82-2ca2-4ef5-ae85-66a0c9122168_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Net assets, beginning of period </link:label>
<link:label id="lab_ifrs-full_NetAssetsLiabilities_12e2c4f3-c31a-4ee6-841f-32d1f31e941d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Net assets, end of period </link:label>
<link:label id="lab_ifrs-full_NetAssetsLiabilities_label_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets (liabilities) </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetAssetsLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetAssetsLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAssetsLiabilities" xlink:to="lab_ifrs-full_NetAssetsLiabilities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal_7313ba27-daed-4e86-91fb-f1c0d2f84e90_terseLabel_en-US" xlink:label="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total carrying amount of net assets disposed, including foreign exchange and cost of disposal </link:label>
<link:label id="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal_label_en-US" xlink:label="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets (Liabilities), Including Foreign Exchange And Cost Of Disposal </link:label>
<link:label id="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal_documentation_en-US" xlink:label="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Assets (Liabilities), Including Foreign Exchange And Cost Of Disposal </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal" xlink:href="bp-20231231.xsd#bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal" xlink:to="lab_bp_AssetsLiabilitiesIncludingForeignExchangeAndCostOfDisposal" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FixturesFittingsAndOfficeEquipmentMember_3d19c4b8-e49c-4277-8927-f5f21c8b5dea_terseLabel_en-US" xlink:label="lab_bp_FixturesFittingsAndOfficeEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixtures, fittings and office equipment </link:label>
<link:label id="lab_bp_FixturesFittingsAndOfficeEquipmentMember_label_en-US" xlink:label="lab_bp_FixturesFittingsAndOfficeEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fixtures, Fittings, And Office Equipment [Member] </link:label>
<link:label id="lab_bp_FixturesFittingsAndOfficeEquipmentMember_documentation_en-US" xlink:label="lab_bp_FixturesFittingsAndOfficeEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fixtures, Fittings, And Office Equipment [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FixturesFittingsAndOfficeEquipmentMember" xlink:href="bp-20231231.xsd#bp_FixturesFittingsAndOfficeEquipmentMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FixturesFittingsAndOfficeEquipmentMember" xlink:to="lab_bp_FixturesFittingsAndOfficeEquipmentMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_HedgedItemsMember_93d122de-3e89-4b2d-9de4-5e6e35d5f398_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgedItemsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedged items [member] </link:label>
<link:label id="lab_ifrs-full_HedgedItemsMember_label_en-US" xlink:label="lab_ifrs-full_HedgedItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedged items [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgedItemsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_HedgedItemsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgedItemsMember" xlink:to="lab_ifrs-full_HedgedItemsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_979b6668-3b86-4a63-a0e5-d4e97c504348_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets </link:label>
<link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of intangible assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_9ab7138f-b585-4a29-905e-ee3eb9fd4fcb_terseLabel_en-US" xlink:label="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Past service cost </link:label>
<link:label id="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in net defined benefit liability (asset) resulting from past service cost </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_ee775cbc-5c17-4e79-a596-ec67dc6a4684_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classes of intangible assets and goodwill [axis] </link:label>
<link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classes of intangible assets and goodwill [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory_2137a118-181a-4f06-9503-84551f64e019_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of offsetting of financial assets </link:label>
<link:label id="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of offsetting of financial assets [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems_7c37ab85-d784-4003-8f8b-3a36ce4af9ba_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis of operating lease payments [line items] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of maturity analysis of operating lease payments [line items] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_8027014d-0198-4178-bd0a-6c11fd392372_terseLabel_en-US" xlink:label="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains on sale of businesses and fixed assets </link:label>
<link:label id="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain On Disposals, Property, Plant And Equipment And Disposal Of Investments In Subsidiaries, Joint Ventures And Associates </link:label>
<link:label id="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_documentation_en-US" xlink:label="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Gain On Disposals, Property, Plant And Equipment And Disposal Of Investments In Subsidiaries, Joint Ventures And Associates </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="bp-20231231.xsd#bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_bp_GainOnDisposalsPropertyPlantAndEquipmentAndDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_77c59863-a711-4049-ab05-b03d21e344db_terseLabel_en-US" xlink:label="lab_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amount by which unit's recoverable amount exceeds its carrying amount </link:label>
<link:label id="lab_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_label_en-US" xlink:label="lab_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amount by which unit's recoverable amount exceeds its carrying amount </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:to="lab_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfCoastalParishes_301a768d-4952-4e8d-9b26-3fe3461dce15_terseLabel_en-US" xlink:label="lab_bp_NumberOfCoastalParishes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of coastal parishes </link:label>
<link:label id="lab_bp_NumberOfCoastalParishes_label_en-US" xlink:label="lab_bp_NumberOfCoastalParishes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of coastal parishes </link:label>
<link:label id="lab_bp_NumberOfCoastalParishes_documentation_en-US" xlink:label="lab_bp_NumberOfCoastalParishes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of coastal parishes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfCoastalParishes" xlink:href="bp-20231231.xsd#bp_NumberOfCoastalParishes"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfCoastalParishes" xlink:to="lab_bp_NumberOfCoastalParishes" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BBBPlusToBBBMinusRatingMember_853f94c9-4331-4ae7-9329-97742abe6c7f_terseLabel_en-US" xlink:label="lab_bp_BBBPlusToBBBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BBB+ to BBB- </link:label>
<link:label id="lab_bp_BBBPlusToBBBMinusRatingMember_label_en-US" xlink:label="lab_bp_BBBPlusToBBBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BBB Plus To BBB Minus Rating [Member] </link:label>
<link:label id="lab_bp_BBBPlusToBBBMinusRatingMember_documentation_en-US" xlink:label="lab_bp_BBBPlusToBBBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BBB Plus To BBB Minus Rating [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BBBPlusToBBBMinusRatingMember" xlink:href="bp-20231231.xsd#bp_BBBPlusToBBBMinusRatingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BBBPlusToBBBMinusRatingMember" xlink:to="lab_bp_BBBPlusToBBBMinusRatingMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FixedAssetRelatedTemporaryDifferencesMember_a7558396-1b08-4a8e-93c8-f1116f1cd1d7_terseLabel_en-US" xlink:label="lab_bp_FixedAssetRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixed Asset Related Temporary Differences [Member] </link:label>
<link:label id="lab_bp_FixedAssetRelatedTemporaryDifferencesMember_label_en-US" xlink:label="lab_bp_FixedAssetRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fixed Asset Related Temporary Differences [Member] </link:label>
<link:label id="lab_bp_FixedAssetRelatedTemporaryDifferencesMember_documentation_en-US" xlink:label="lab_bp_FixedAssetRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fixed Asset Related Temporary Differences [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FixedAssetRelatedTemporaryDifferencesMember" xlink:href="bp-20231231.xsd#bp_FixedAssetRelatedTemporaryDifferencesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FixedAssetRelatedTemporaryDifferencesMember" xlink:to="lab_bp_FixedAssetRelatedTemporaryDifferencesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AssetsandliabilitiesheldforsaleLineItems_cef036a1-27c1-4cd7-86a3-6eb4cb5962b4_terseLabel_en-US" xlink:label="lab_bp_AssetsandliabilitiesheldforsaleLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets and liabilities held for sale [Line Items] </link:label>
<link:label id="lab_bp_AssetsandliabilitiesheldforsaleLineItems_label_en-US" xlink:label="lab_bp_AssetsandliabilitiesheldforsaleLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets and liabilities held for sale [Line Items] </link:label>
<link:label id="lab_bp_AssetsandliabilitiesheldforsaleLineItems_documentation_en-US" xlink:label="lab_bp_AssetsandliabilitiesheldforsaleLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Line Items] for Assets and liabilities held for sale [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AssetsandliabilitiesheldforsaleLineItems" xlink:href="bp-20231231.xsd#bp_AssetsandliabilitiesheldforsaleLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AssetsandliabilitiesheldforsaleLineItems" xlink:to="lab_bp_AssetsandliabilitiesheldforsaleLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CarryingAmountMember_42ca7130-f3fd-43bc-87af-23671a9494f4_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount [member] </link:label>
<link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Carrying amount [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CarryingAmountMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_OilProductionOperationsMember_f8f9a9e0-281a-4017-9b36-a3dea219ed3f_terseLabel_en-US" xlink:label="lab_bp_OilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> oil production & operations </link:label>
<link:label id="lab_bp_OilProductionOperationsMember_9b3e213b-7440-4455-8fa3-e40418d8e64e_verboseLabel_en-US" xlink:label="lab_bp_OilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> oil production & operations </link:label>
<link:label id="lab_bp_OilProductionOperationsMember_label_en-US" xlink:label="lab_bp_OilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> oil production & operations [Member] </link:label>
<link:label id="lab_bp_OilProductionOperationsMember_documentation_en-US" xlink:label="lab_bp_OilProductionOperationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> oil production & operations </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_OilProductionOperationsMember" xlink:href="bp-20231231.xsd#bp_OilProductionOperationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_OilProductionOperationsMember" xlink:to="lab_bp_OilProductionOperationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DomesticTaxAuthorityMember_f86b140c-dd0e-4cdd-b644-2b744cc5542d_terseLabel_en-US" xlink:label="lab_bp_DomesticTaxAuthorityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> UK Tax Authority </link:label>
<link:label id="lab_bp_DomesticTaxAuthorityMember_label_en-US" xlink:label="lab_bp_DomesticTaxAuthorityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Domestic Tax Authority [Member] </link:label>
<link:label id="lab_bp_DomesticTaxAuthorityMember_documentation_en-US" xlink:label="lab_bp_DomesticTaxAuthorityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Domestic Tax Authority [Member] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DomesticTaxAuthorityMember" xlink:to="lab_bp_DomesticTaxAuthorityMember" xlink:type="arc" order="1"/>
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<link:label id="lab_bp_IncreaseDecreaseInDefinedBenefitPlanExpenseDueToReasonablyPossibleDecreaseInActuarialAssumption_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInDefinedBenefitPlanExpenseDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Defined Benefit Plan Expense Due To Reasonably Possible Decrease In Actuarial Assumption </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseInDefinedBenefitPlanExpenseDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseInDefinedBenefitPlanExpenseDueToReasonablyPossibleDecreaseInActuarialAssumption"/>
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<link:label id="lab_bp_DefinedBenefitPlanByPlanAssetCategories1Axis_5ed5174e-016f-4c8f-8d8d-24f16abbdae5_terseLabel_en-US" xlink:label="lab_bp_DefinedBenefitPlanByPlanAssetCategories1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plan By Plan, Asset Categories 1 [Axis] </link:label>
<link:label id="lab_bp_DefinedBenefitPlanByPlanAssetCategories1Axis_label_en-US" xlink:label="lab_bp_DefinedBenefitPlanByPlanAssetCategories1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plan By Plan, Asset Categories 1 [Axis] </link:label>
<link:label id="lab_bp_DefinedBenefitPlanByPlanAssetCategories1Axis_documentation_en-US" xlink:label="lab_bp_DefinedBenefitPlanByPlanAssetCategories1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Defined Benefit Plan By Plan, Asset Categories 1 [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DefinedBenefitPlanByPlanAssetCategories1Axis" xlink:href="bp-20231231.xsd#bp_DefinedBenefitPlanByPlanAssetCategories1Axis"/>
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<link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_3247d7af-f8a8-4da3-972d-2a7010d28e54_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Earnings from associates – after interest and tax </link:label>
<link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share of profit (loss) of associates accounted for using equity method </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
<link:label id="lab_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense_b6fa77da-ac8d-4e51-b422-1c40f66aa3ad_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in provision for decommissioning costs, as result of increased expense </link:label>
<link:label id="lab_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) in provision for decommissioning costs, as result of increased expense </link:label>
<link:label id="lab_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase in provision for decommissioning costs, as result of increased decommissioning expense </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense" xlink:href="bp-20231231.xsd#bp_IncreaseDecreaseInProvisionForDecommissioningCostsAsResultOfIncreasedExpense"/>
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<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths_37c97126-fa6a-4695-a796-46a51b008bff_terseLabel_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of equity instruments other than options, expected to vest within one year (in shares) </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths_label_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Within Next Twelve Months </link:label>
<link:label id="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths_documentation_en-US" xlink:label="lab_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths" xlink:href="bp-20231231.xsd#bp_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWithinNextTwelveMonths"/>
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<link:label id="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments_f5e97249-f522-4dcc-8b2c-c30d4a54dadb_terseLabel_en-US" xlink:label="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Government issued nominal bonds under liability driven investments LDI </link:label>
<link:label id="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments_label_en-US" xlink:label="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Government Issued Nominal Bonds Under Liability Driven Investments </link:label>
<link:label id="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments_documentation_en-US" xlink:label="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Government Issued Nominal Bonds Under Liability Driven Investments </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments" xlink:href="bp-20231231.xsd#bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments" xlink:to="lab_bp_GovernmentIssuedNominalBondsUnderLiabilityDrivenInvestments" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Borrowings_9bc05871-e13c-4560-b861-d7cb72822b97_totalLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_ifrs-full_Borrowings_6e3bb287-c122-422c-9dae-15b4faa0a7ba_verboseLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Total borrowings </link:label>
<link:label id="lab_ifrs-full_Borrowings_80b6edee-0631-4eb2-8a12-b4b43abb3e73_terseLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finance debt </link:label>
<link:label id="lab_ifrs-full_Borrowings_aec4841b-c4e9-4b88-9035-b407b11095c9_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Finance debt at beginning of year </link:label>
<link:label id="lab_ifrs-full_Borrowings_ef875de7-f07f-4b54-a376-d96d456ef038_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Finance debt at end of year </link:label>
<link:label id="lab_ifrs-full_Borrowings_label_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Borrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Borrowings"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Borrowings" xlink:to="lab_ifrs-full_Borrowings" xlink:type="arc" order="1"/>
<link:label id="lab_bp_SubsequentEvent1Member_f879e4ac-b058-4880-b231-d9ee0250cf19_terseLabel_en-US" xlink:label="lab_bp_SubsequentEvent1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsequent Event </link:label>
<link:label id="lab_bp_SubsequentEvent1Member_label_en-US" xlink:label="lab_bp_SubsequentEvent1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsequent Event1 [Member] </link:label>
<link:label id="lab_bp_SubsequentEvent1Member_documentation_en-US" xlink:label="lab_bp_SubsequentEvent1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Subsequent Event1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_SubsequentEvent1Member" xlink:href="bp-20231231.xsd#bp_SubsequentEvent1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_SubsequentEvent1Member" xlink:to="lab_bp_SubsequentEvent1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DepartmentsDomain_4301a377-fa95-45f9-8bc9-8032abc00e68_terseLabel_en-US" xlink:label="lab_bp_DepartmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Departments [Domain] </link:label>
<link:label id="lab_bp_DepartmentsDomain_label_en-US" xlink:label="lab_bp_DepartmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Departments [Domain] </link:label>
<link:label id="lab_bp_DepartmentsDomain_documentation_en-US" xlink:label="lab_bp_DepartmentsDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Departments [Axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DepartmentsDomain" xlink:href="bp-20231231.xsd#bp_DepartmentsDomain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DepartmentsDomain" xlink:to="lab_bp_DepartmentsDomain" xlink:type="arc" order="1"/>
<link:label id="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember_cd85e60e-4dcf-4ce9-bef6-7c85cb274ed9_terseLabel_en-US" xlink:label="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Her Majesty's Revenue and Customs, And Other Foreign Tax Authorities, Excluding Internal Revenue Service </link:label>
<link:label id="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember_label_en-US" xlink:label="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Her Majesty's Revenue And Customs, And Other Foreign Tax Authorities, Excluding Internal Revenue Service [Member] </link:label>
<link:label id="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember_documentation_en-US" xlink:label="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Her Majesty's Revenue And Customs, And Other Foreign Tax Authorities, Excluding Internal Revenue Service [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember" xlink:href="bp-20231231.xsd#bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember" xlink:to="lab_bp_HerMajestysRevenueAndCustomsAndOtherForeignTaxAuthoritiesExcludingInternalRevenueServiceMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability_2383717c-3ffc-40df-8c83-44062ee7da98_terseLabel_en-US" xlink:label="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current sales taxes, customs duties, production taxes and social security </link:label>
<link:label id="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability_label_en-US" xlink:label="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Sales And Production Taxes, Customs Duties, And Social Securities Payable, Non-Financial Liability </link:label>
<link:label id="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability_documentation_en-US" xlink:label="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Current Sales And Production Taxes, Customs Duties, And Social Securities Payable, Non-Financial Liability </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:href="bp-20231231.xsd#bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:to="lab_bp_CurrentSalesAndProductionTaxesCustomsDutiesAndSocialSecuritiesPayableNonFinancialLiability" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_860d447e-bae6-4f95-a003-4c8d0f20d2f3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:label id="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of cash and cash equivalents [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory"/>
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<link:label id="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_1e5fa6a1-8e57-4d2a-aa51-ee5924208a47_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Classification of assets as held for sale [member] </link:label>
<link:label id="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_label_en-US" xlink:label="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Classification of assets as held for sale [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
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<link:label id="lab_ifrs-full_WeightedAverageMember_cb6cc8bb-48e8-462a-9b43-f416835ea70a_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Weighted average </link:label>
<link:label id="lab_ifrs-full_WeightedAverageMember_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted average [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WeightedAverageMember"/>
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<link:label id="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_094efa9c-ce5d-403c-8b1c-c8d62c3c832a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Investment in joint ventures </link:label>
<link:label id="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other cash payments to acquire interests in joint ventures, classified as investing activities </link:label>
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<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity_729ca71c-77d0-4a61-8f7e-591c9dc2b5b1_terseLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repurchase of ordinary share capital (in shares) </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity_f38fabec-4bb2-45ab-afc3-d7b60e0a94af_negatedLabel_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Ordinary share repurchase (in shares) </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity_label_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity </link:label>
<link:label id="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity_documentation_en-US" xlink:label="lab_bp_IncreaseDecreaseInNumberOfSharesOutstandingThroughShareRepurchaseEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity </link:label>
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<link:label id="lab_bp_FirstPreferenceSharesMember_331f54d5-2287-4707-a5e5-723f19b04e0d_terseLabel_en-US" xlink:label="lab_bp_FirstPreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> First Preference Shares </link:label>
<link:label id="lab_bp_FirstPreferenceSharesMember_label_en-US" xlink:label="lab_bp_FirstPreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> First Preference Shares [Member] </link:label>
<link:label id="lab_bp_FirstPreferenceSharesMember_documentation_en-US" xlink:label="lab_bp_FirstPreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> First Preference Shares [Member] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FirstPreferenceSharesMember" xlink:to="lab_bp_FirstPreferenceSharesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_1636ae5f-8980-45e9-b82b-16936255443e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from disposals of fixed assets </link:label>
<link:label id="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from disposals of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets </link:label>
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<link:label id="lab_ifrs-full_OtherIntangibleAssetsMember_38db6b3c-5da8-4193-9e09-c7326a459539_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other intangibles </link:label>
<link:label id="lab_ifrs-full_OtherIntangibleAssetsMember_label_en-US" xlink:label="lab_ifrs-full_OtherIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other intangible assets [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherIntangibleAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherIntangibleAssetsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIntangibleAssetsMember" xlink:to="lab_ifrs-full_OtherIntangibleAssetsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_5f46f93e-7491-4c47-bd34-15784a8ba014_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Foreign currency translation </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for foreign currency translation [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
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<link:label id="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract_5c5259fa-c300-43d3-9601-b2c16d5ea0a1_terseLabel_en-US" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] </link:label>
<link:label id="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract_label_en-US" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsAbstract"/>
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<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_4af1ce09-43a0-49d1-8cd4-51ce6aef8329_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee benefits and Pensions and other post-retirement benefits </link:label>
<link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Description of accounting policy for employee benefits [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
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<link:label id="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads_327d7f67-c71b-4858-9688-147c43fcfebb_periodStartLabel_en-US" xlink:label="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Total reserve, period start </link:label>
<link:label id="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads_f66fe73a-882a-471e-ba5f-6ff6c98d5ae2_periodEndLabel_en-US" xlink:label="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Total reserve, period start </link:label>
<link:label id="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads_label_en-US" xlink:label="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reserve Of Cash Flow Hedges, Continuing Hedges And Change In Value Of Foreign Currency Basis Spreads </link:label>
<link:label id="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads_documentation_en-US" xlink:label="lab_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Reserve Of Cash Flow Hedges, Continuing Hedges And Change In Value Of Foreign Currency Basis Spreads </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads" xlink:href="bp-20231231.xsd#bp_ReserveOfCashFlowHedgesContinuingHedgesAndChangeInValueOfForeignCurrencyBasisSpreads"/>
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<link:label id="lab_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod_1b7e7660-7406-4d6f-997a-f93b6c381b60_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Earnings from joint ventures – after interest and tax </link:label>
<link:label id="lab_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share of profit (loss) of joint ventures accounted for using equity method </link:label>
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<link:label id="lab_bp_FundedPlan1Member_02f37f47-f4d8-403e-91c7-3471f6efeee1_terseLabel_en-US" xlink:label="lab_bp_FundedPlan1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Funded </link:label>
<link:label id="lab_bp_FundedPlan1Member_label_en-US" xlink:label="lab_bp_FundedPlan1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Funded Plan1 [Member] </link:label>
<link:label id="lab_bp_FundedPlan1Member_documentation_en-US" xlink:label="lab_bp_FundedPlan1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Funded Plan1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FundedPlan1Member" xlink:href="bp-20231231.xsd#bp_FundedPlan1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FundedPlan1Member" xlink:to="lab_bp_FundedPlan1Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_df740243-f4cf-4161-ab7e-b7db18070763_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets and liabilities not classified as held for sale [member] </link:label>
<link:label id="lab_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_label_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets and liabilities not classified as held for sale [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_NoncurrentReceivables_7af0cb3b-de50-4eb4-a74a-08c7b7c60d2a_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trade and other receivables </link:label>
<link:label id="lab_ifrs-full_NoncurrentReceivables_832bfe1f-8d24-4918-9af5-916824a4700f_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables </link:label>
<link:label id="lab_ifrs-full_NoncurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other non-current receivables </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentReceivables"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentReceivables" xlink:to="lab_ifrs-full_NoncurrentReceivables" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member_bc586bf2-90ce-4424-b57b-0c126ba90556_terseLabel_en-US" xlink:label="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Life expectancy at age 60 for a female currently aged 40 </link:label>
<link:label id="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member_label_en-US" xlink:label="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Female At 60 For Individuals Currently At Age 40 [Member] </link:label>
<link:label id="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member_documentation_en-US" xlink:label="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Female At 60 For Individuals Currently At Age 40 [Member] </link:label>
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:to="lab_bp_FemaleAt60ForIndividualsCurrentlyAtAge40Member" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory_615ef4ef-dec9-4a2b-a026-252b90dd12b9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of information about maturity profile of defined benefit obligation </link:label>
<link:label id="lab_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of information about maturity profile of defined benefit obligation [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ProfitLossBeforeTax_4d13a100-b20b-43e4-a2b6-4ff5c4fb3d10_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) before taxation </link:label>
<link:label id="lab_ifrs-full_ProfitLossBeforeTax_955e9e17-12a3-4e6f-804f-303157b99997_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) before taxation </link:label>
<link:label id="lab_ifrs-full_ProfitLossBeforeTax_cdc6d23e-0265-4876-81f9-05387ea8f9d7_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit (loss) before taxation </link:label>
<link:label id="lab_ifrs-full_ProfitLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Profit (loss) before tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_0b522f7d-4615-45b7-8002-9853e6ad6934_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of quantitative information about right-of-use assets [table] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of quantitative information about right-of-use assets [table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_DerivativeContractType1Domain_c0447ab6-f6d3-4fb4-9753-17f001a8780a_terseLabel_en-US" xlink:label="lab_bp_DerivativeContractType1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Contract Type 1 [Domain] </link:label>
<link:label id="lab_bp_DerivativeContractType1Domain_label_en-US" xlink:label="lab_bp_DerivativeContractType1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Contract Type 1 [Domain] </link:label>
<link:label id="lab_bp_DerivativeContractType1Domain_documentation_en-US" xlink:label="lab_bp_DerivativeContractType1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative Contract Type 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_DerivativeContractType1Domain" xlink:href="bp-20231231.xsd#bp_DerivativeContractType1Domain"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_DerivativeContractType1Domain" xlink:to="lab_bp_DerivativeContractType1Domain" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_LandMember_36a2b7c4-49ac-468b-8c75-c77862999dc5_terseLabel_en-US" xlink:label="lab_ifrs-full_LandMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Land and land improvements </link:label>
<link:label id="lab_ifrs-full_LandMember_label_en-US" xlink:label="lab_ifrs-full_LandMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Land [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LandMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LandMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LandMember" xlink:to="lab_ifrs-full_LandMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_ShorttermBorrowingsMember_389ae4db-8e77-4f63-b300-7f51094290ad_terseLabel_en-US" xlink:label="lab_ifrs-full_ShorttermBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short-term borrowings </link:label>
<link:label id="lab_ifrs-full_ShorttermBorrowingsMember_label_en-US" xlink:label="lab_ifrs-full_ShorttermBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term borrowings [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShorttermBorrowingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShorttermBorrowingsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShorttermBorrowingsMember" xlink:to="lab_ifrs-full_ShorttermBorrowingsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_a12fd9b6-7099-4d7b-9912-07ae48ab952a_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividend paid per ordinary share </link:label>
<link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends paid, ordinary shares </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsPaidOrdinaryShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOrdinaryShares" xlink:to="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentAbstract_f046815d-deb0-4668-9809-bb62e3b8bf74_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment [abstract] </link:label>
<link:label id="lab_ifrs-full_PropertyPlantAndEquipmentAbstract_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StatementTableTable_035374b8-c9e8-4739-8237-41a7299e7cb5_terseLabel_en-US" xlink:label="lab_bp_StatementTableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement Table [Table] </link:label>
<link:label id="lab_bp_StatementTableTable_label_en-US" xlink:label="lab_bp_StatementTableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement Table [Table] </link:label>
<link:label id="lab_bp_StatementTableTable_documentation_en-US" xlink:label="lab_bp_StatementTableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Statement Table [Table] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StatementTableTable" xlink:href="bp-20231231.xsd#bp_StatementTableTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StatementTableTable" xlink:to="lab_bp_StatementTableTable" xlink:type="arc" order="1"/>
<link:label id="lab_bp_RetirementPlanType1Member_ffc6bfca-ed83-416c-9a1f-0b7bf64482fe_terseLabel_en-US" xlink:label="lab_bp_RetirementPlanType1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Member] </link:label>
<link:label id="lab_bp_RetirementPlanType1Member_label_en-US" xlink:label="lab_bp_RetirementPlanType1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Member] </link:label>
<link:label id="lab_bp_RetirementPlanType1Member_documentation_en-US" xlink:label="lab_bp_RetirementPlanType1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retirement Plan Type 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_RetirementPlanType1Member" xlink:href="bp-20231231.xsd#bp_RetirementPlanType1Member"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_RetirementPlanType1Member" xlink:to="lab_bp_RetirementPlanType1Member" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract_fdd83ca3-0f7b-4c93-8e76-a9e628bdb9f6_terseLabel_en-US" xlink:label="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-current </link:label>
<link:label id="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract_label_en-US" xlink:label="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trade and other non-current payables non-financial liabilities [Abstract] </link:label>
<link:label id="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract_documentation_en-US" xlink:label="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trade and other non-current payables non-financial liabilities [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract" xlink:href="bp-20231231.xsd#bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract" xlink:to="lab_bp_TradeandothernoncurrentpayablesnonfinancialliabilitiesAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_4e3f353b-b553-4a6d-b40e-71ba405abb3e_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash used in investing activities </link:label>
<link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash flows from (used in) investing activities </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
<link:label id="lab_bp_NumberOfPlaintiffs_ca910df9-735c-41f2-b0a5-295fe98bdcc7_terseLabel_en-US" xlink:label="lab_bp_NumberOfPlaintiffs" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of plaintiffs </link:label>
<link:label id="lab_bp_NumberOfPlaintiffs_label_en-US" xlink:label="lab_bp_NumberOfPlaintiffs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of plaintiffs </link:label>
<link:label id="lab_bp_NumberOfPlaintiffs_documentation_en-US" xlink:label="lab_bp_NumberOfPlaintiffs" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of plaintiffs </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_NumberOfPlaintiffs" xlink:href="bp-20231231.xsd#bp_NumberOfPlaintiffs"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_NumberOfPlaintiffs" xlink:to="lab_bp_NumberOfPlaintiffs" xlink:type="arc" order="1"/>
<link:label id="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1_ea13f0ad-1331-4243-8f38-854fd419827e_terseLabel_en-US" xlink:label="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Shares re-issued for employee share-based payment plans </link:label>
<link:label id="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1_label_en-US" xlink:label="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stock Issued During Period, Value, Treasury Stock Reissued 1 </link:label>
<link:label id="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1_documentation_en-US" xlink:label="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Stock Issued During Period, Value, Treasury Stock Reissued 1 </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1" xlink:href="bp-20231231.xsd#bp_StockIssuedDuringPeriodValueTreasuryStockReissued1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1" xlink:to="lab_bp_StockIssuedDuringPeriodValueTreasuryStockReissued1" xlink:type="arc" order="1"/>
<link:label id="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember_005bcc49-ec4c-4fe0-a153-1634888dce73_terseLabel_en-US" xlink:label="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.375% Perpetual Subordinated Non-Call 5.25 Fixed Rate Reset Notes </link:label>
<link:label id="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember_label_en-US" xlink:label="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 4.375% Perpetual Subordinated Non-Call 5.25 Fixed Rate Reset Notes [Member] </link:label>
<link:label id="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember_documentation_en-US" xlink:label="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 4.375% Perpetual Subordinated Non-Call 5.25 Fixed Rate Reset Notes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember" xlink:href="bp-20231231.xsd#bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember" xlink:to="lab_bp_A4375PerpetualSubordinatedNonCall525FixedRateResetNotesMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_BBPlusToBBMinusRatingMember_290e3306-1a49-4dcb-a7a9-d34e8593d4d4_terseLabel_en-US" xlink:label="lab_bp_BBPlusToBBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> BB+ to BB- </link:label>
<link:label id="lab_bp_BBPlusToBBMinusRatingMember_label_en-US" xlink:label="lab_bp_BBPlusToBBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> BB Plus To BB Minus Rating [Member] </link:label>
<link:label id="lab_bp_BBPlusToBBMinusRatingMember_documentation_en-US" xlink:label="lab_bp_BBPlusToBBMinusRatingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> BB Plus To BB Minus Rating [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_BBPlusToBBMinusRatingMember" xlink:href="bp-20231231.xsd#bp_BBPlusToBBMinusRatingMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_BBPlusToBBMinusRatingMember" xlink:to="lab_bp_BBPlusToBBMinusRatingMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_JointVenturesMember_8301ede5-8a28-4ed4-89c6-3a2eee8c0ccd_terseLabel_en-US" xlink:label="lab_ifrs-full_JointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint ventures </link:label>
<link:label id="lab_ifrs-full_JointVenturesMember_label_en-US" xlink:label="lab_ifrs-full_JointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint ventures [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointVenturesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_JointVenturesMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesMember" xlink:to="lab_ifrs-full_JointVenturesMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_f8f45c7d-76b8-4ba2-ad54-b7d3ecef6a60_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_3fef28c7-9b9a-4e3f-a468-3829d7f4201f_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets, beginning of period </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_3e862a58-eca5-4f1e-b6d3-b100e8763b9c_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets, end of period </link:label>
<link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare_dbfed652-6f5c-4925-b0ca-3fb344461de2_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Quarterly dividend paid per ordinary share (in Pence and USD per share) </link:label>
<link:label id="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends paid, ordinary shares per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:to="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CouponsOnHybridBondsFixedRate_181405c7-dbc0-4104-b389-34406da7373c_terseLabel_en-US" xlink:label="lab_bp_CouponsOnHybridBondsFixedRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Coupons on hybrid bonds, fixed rate </link:label>
<link:label id="lab_bp_CouponsOnHybridBondsFixedRate_label_en-US" xlink:label="lab_bp_CouponsOnHybridBondsFixedRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Coupons on hybrid bonds, fixed rate </link:label>
<link:label id="lab_bp_CouponsOnHybridBondsFixedRate_documentation_en-US" xlink:label="lab_bp_CouponsOnHybridBondsFixedRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Coupons on hybrid bonds, fixed rate </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CouponsOnHybridBondsFixedRate" xlink:href="bp-20231231.xsd#bp_CouponsOnHybridBondsFixedRate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CouponsOnHybridBondsFixedRate" xlink:to="lab_bp_CouponsOnHybridBondsFixedRate" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill_4a42cfa0-6f75-47e9-b069-400f2c9422c7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Decrease through classified as held for sale, intangible assets other than goodwill </link:label>
<link:label id="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Decrease through classified as held for sale, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AveragePriceOfHedgingInstrument_44e1570a-0be4-4ebb-94af-7592e469d167_terseLabel_en-US" xlink:label="lab_ifrs-full_AveragePriceOfHedgingInstrument" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Average price of hedging instrument (Henry Hub $/mmBtu) </link:label>
<link:label id="lab_ifrs-full_AveragePriceOfHedgingInstrument_label_en-US" xlink:label="lab_ifrs-full_AveragePriceOfHedgingInstrument" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Average price of hedging instrument </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AveragePriceOfHedgingInstrument" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AveragePriceOfHedgingInstrument"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AveragePriceOfHedgingInstrument" xlink:to="lab_ifrs-full_AveragePriceOfHedgingInstrument" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_18bd4426-abfb-4b42-9d57-25b9b23fbc5d_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange adjustments </link:label>
<link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (decrease) through net exchange differences, intangible assets other than goodwill </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember_6d94d789-e23a-41a7-8281-3d71829a9938_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity's total for business combinations [member] </link:label>
<link:label id="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity's total for business combinations [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_06f32f51-add2-4a47-8d1f-a3ed083fd272_terseLabel_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> All levels of fair value hierarchy [member] </link:label>
<link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> All levels of fair value hierarchy [member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:type="arc" order="1"/>
<link:label id="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember_516c6313-2499-42ef-a6e3-67fde36c3f11_terseLabel_en-US" xlink:label="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Temporary Differences, Deferred Tax Liability </link:label>
<link:label id="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember_label_en-US" xlink:label="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:label id="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember_documentation_en-US" xlink:label="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Temporary Differences, Deferred Tax Liability [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_TemporaryDifferencesDeferredTaxLiabilityMember" xlink:href="bp-20231231.xsd#bp_TemporaryDifferencesDeferredTaxLiabilityMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_TemporaryDifferencesDeferredTaxLiabilityMember" xlink:to="lab_bp_TemporaryDifferencesDeferredTaxLiabilityMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_79dbf0a0-1bb1-491a-a062-72fd14cc1cd8_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement of comprehensive income [abstract] </link:label>
<link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of comprehensive income [abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_bp_FinancialInstrumentsAbstract_11b3f0c0-7bd0-443e-a75b-74185152905c_terseLabel_en-US" xlink:label="lab_bp_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Abstract] </link:label>
<link:label id="lab_bp_FinancialInstrumentsAbstract_label_en-US" xlink:label="lab_bp_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Abstract] </link:label>
<link:label id="lab_bp_FinancialInstrumentsAbstract_documentation_en-US" xlink:label="lab_bp_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_FinancialInstrumentsAbstract" xlink:href="bp-20231231.xsd#bp_FinancialInstrumentsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_FinancialInstrumentsAbstract" xlink:to="lab_bp_FinancialInstrumentsAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness_3df9bd85-7e33-4028-b143-d348e6441d01_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in fair value of hedging instrument used to calculate ineffectiveness </link:label>
<link:label id="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness_label_en-US" xlink:label="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:to="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_124286ae-8c24-4874-a911-c90553dcae02_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis] </link:label>
<link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_OtherMaterialActuarialAssumptions_3e9ea28a-47c5-4070-a824-aa63892b328b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherMaterialActuarialAssumptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount rate for plan other finance expensec </link:label>
<link:label id="lab_ifrs-full_OtherMaterialActuarialAssumptions_label_en-US" xlink:label="lab_ifrs-full_OtherMaterialActuarialAssumptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other material actuarial assumptions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherMaterialActuarialAssumptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherMaterialActuarialAssumptions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherMaterialActuarialAssumptions" xlink:to="lab_ifrs-full_OtherMaterialActuarialAssumptions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax_a6a97959-f33d-430d-a707-e7288c7cbcd4_negatedTerseLabel_en-US" xlink:label="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Cash Flows From (Used In) Operating Activities, Before Tax </link:label>
<link:label id="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax_label_en-US" xlink:label="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash Flows From (Used In) Operating Activities, Before Tax </link:label>
<link:label id="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax_documentation_en-US" xlink:label="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Cash Flows From (Used In) Operating Activities, Before Tax </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax" xlink:href="bp-20231231.xsd#bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax" xlink:to="lab_bp_CashFlowsFromUsedInOperatingActivitiesBeforeTax" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_FinancialAssets_857c4194-2225-46ab-abae-a458ebef1594_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial assets </link:label>
<link:label id="lab_ifrs-full_FinancialAssets_label_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial assets </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssets" xlink:to="lab_ifrs-full_FinancialAssets" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_Provisions_6421f6c0-9d83-42b3-8cfb-add8ed53e72c_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Provisions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Beginning balance, provisions </link:label>
<link:label id="lab_ifrs-full_Provisions_7177551a-9471-451f-85a7-e93f19da6a11_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Provisions" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Ending balance, provisions </link:label>
<link:label id="lab_ifrs-full_Provisions_label_en-US" xlink:label="lab_ifrs-full_Provisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provisions </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Provisions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Provisions" xlink:to="lab_ifrs-full_Provisions" xlink:type="arc" order="1"/>
<link:label id="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade_9afe9678-96f9-464a-98cf-59c6364e896c_terseLabel_en-US" xlink:label="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of gulf coast states approved by the federal district court included in the agreements (state) </link:label>
<link:label id="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade_label_en-US" xlink:label="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loss Contingency, Plaintiff, Number Of States To Whom Payments Are To Be Made </link:label>
<link:label id="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade_documentation_en-US" xlink:label="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loss Contingency, Plaintiff, Number Of States To Whom Payments Are To Be Made </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade" xlink:href="bp-20231231.xsd#bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade" xlink:to="lab_bp_LossContingencyPlaintiffNumberOfStatesToWhomPaymentsAreToBeMade" xlink:type="arc" order="1"/>
<link:label id="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes_2357a2cf-eaf6-4e3f-9bcb-d86356135bc7_terseLabel_en-US" xlink:label="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Production and manufacturing expenses </link:label>
<link:label id="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes_label_en-US" xlink:label="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Production And Manufacturing Expenses, Excluding Taxes </link:label>
<link:label id="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes_documentation_en-US" xlink:label="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Production And Manufacturing Expenses, Excluding Taxes </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_ProductionAndManufacturingExpensesExcludingTaxes" xlink:href="bp-20231231.xsd#bp_ProductionAndManufacturingExpensesExcludingTaxes"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_ProductionAndManufacturingExpensesExcludingTaxes" xlink:to="lab_bp_ProductionAndManufacturingExpensesExcludingTaxes" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CurrentPetroleumAndPetrochemicalProducts_960efedc-f729-461a-abdc-6481b52cab08_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Refined petroleum and petrochemical products </link:label>
<link:label id="lab_ifrs-full_CurrentPetroleumAndPetrochemicalProducts_label_en-US" xlink:label="lab_ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current petroleum and petrochemical products </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentPetroleumAndPetrochemicalProducts"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:to="lab_ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_15bb8b4a-d0fb-48a9-a725-62c362f92df6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Disclosure of events after reporting period [text block] </link:label>
<link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Disclosure of events after reporting period [text block] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:type="arc" order="1"/>
<link:label id="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits_5859c160-eb91-415e-b073-bde29d5150fe_terseLabel_en-US" xlink:label="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans </link:label>
<link:label id="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits_label_en-US" xlink:label="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments For Increase (Decrease) In Pension And Other Post-Retirement Benefits </link:label>
<link:label id="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits_documentation_en-US" xlink:label="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Adjustments For Increase (Decrease) In Pension And Other Post-Retirement Benefits </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits" xlink:href="bp-20231231.xsd#bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits" xlink:to="lab_bp_AdjustmentsForIncreaseDecreaseInPensionAndOtherPostRetirementBenefits" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_JointOperationsAxis_8b7a771a-9b1b-4ef5-a231-1c924fb3b9d0_terseLabel_en-US" xlink:label="lab_ifrs-full_JointOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint operations [axis] </link:label>
<link:label id="lab_ifrs-full_JointOperationsAxis_label_en-US" xlink:label="lab_ifrs-full_JointOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint operations [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointOperationsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_JointOperationsAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointOperationsAxis" xlink:to="lab_ifrs-full_JointOperationsAxis" xlink:type="arc" order="1"/>
<link:label id="lab_bp_PatentsLicencesAndTrademarksMember_ad83321c-7734-46f7-bc27-8b91a9b84b7a_terseLabel_en-US" xlink:label="lab_bp_PatentsLicencesAndTrademarksMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Patents, Licences, And Trademarks </link:label>
<link:label id="lab_bp_PatentsLicencesAndTrademarksMember_label_en-US" xlink:label="lab_bp_PatentsLicencesAndTrademarksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Patents, Licences, And Trademarks [Member] </link:label>
<link:label id="lab_bp_PatentsLicencesAndTrademarksMember_documentation_en-US" xlink:label="lab_bp_PatentsLicencesAndTrademarksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Patents, Licences, And Trademarks [Member] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_PatentsLicencesAndTrademarksMember" xlink:href="bp-20231231.xsd#bp_PatentsLicencesAndTrademarksMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_PatentsLicencesAndTrademarksMember" xlink:to="lab_bp_PatentsLicencesAndTrademarksMember" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_50aff0d0-a88d-49f9-a0eb-468045232352_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Categories of financial liabilities [axis] </link:label>
<link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Categories of financial liabilities [axis] </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
<link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_689d76f0-b04a-4511-929c-e11683a4fbd7_totalLabel_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Weighted average number of ordinary shares outstanding used to calculate diluted earnings per share (in shares) </link:label>
<link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Weighted average number of ordinary shares used in calculating diluted earnings per share </link:label>
<link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:type="arc" order="1"/>
<link:label id="lab_bp_MauritaniaSenegalMember_d3656811-90f2-4495-8d50-29ea132b7ab5_terseLabel_en-US" xlink:label="lab_bp_MauritaniaSenegalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mauritania & Senegal </link:label>
<link:label id="lab_bp_MauritaniaSenegalMember_label_en-US" xlink:label="lab_bp_MauritaniaSenegalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mauritania & Senegal [Member] </link:label>
<link:label id="lab_bp_MauritaniaSenegalMember_documentation_en-US" xlink:label="lab_bp_MauritaniaSenegalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Mauritania & Senegal </link:label>
<link:loc xlink:type="locator" xlink:label="loc_bp_MauritaniaSenegalMember" xlink:href="bp-20231231.xsd#bp_MauritaniaSenegalMember"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bp_MauritaniaSenegalMember" xlink:to="lab_bp_MauritaniaSenegalMember" xlink:type="arc" order="1"/>
</link:labelLink>
</link:linkbase>


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/12/24  BP plc                            F-3ASR      3/12/24   12:797K                                   Donnelley … Solutions/FA


3 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/04/16  BP plc                            20-F       12/31/15   10:28M                                    Donnelley … Solutions/FA
 3/03/15  BP plc                            20-F       12/31/14    8:23M                                    Donnelley … Solutions/FA
 3/05/10  BP plc                            20-F       12/31/09    7:4.3M                                   Donnelley … Solutions/FA
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