January 18, 2006

Chase, BP Renew Credit Card Agreement

WILMINGTON, DEL. – Jan. 18, 2006 – Chase Bank U.S.A., NA, a subsidiary of JPMorgan Chase & Co. [NYSE: JPM] and BP [NYSE: BP] today announced the renewal of their credit card marketing relationship. Under the terms of the new agreement, Chase will continue to issue the BP co-brand card and will assume responsibility for the BP proprietary card.

"We are excited on behalf of our customers to expand our card relationship with Chase," said Roger Williams, senior vice president, BP Products North America Inc. "Renewing our relationship will enable BP to deliver value-added products to consumers and distinctive brand value to our dealers and jobbers."

"BP is one of the world's leading brands and we are thrilled to continue this relationship," said Donna Barrett, senior vice president, Chase Card Services. "Together, we are committed to providing consumers with products that they want to have and use."

About BP

BP is of one of the world's largest energy companies. BP's main activities are the exploration and production of crude oil and natural gas; refining, processing, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. The company is a global leader in the manufacture and use of solar photovoltaic products. BP has well-established operations in Europe, North and South America, Australia, Asia and Africa. Information is available at www.bp.com.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The company has approximately 96 million credit cards issued. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.


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