We present some exact results on bond percolation. We derive a relation that specifies the consequences for bond percolation quantities of replacing each bond of a lattice $Lambda$ by $ell$ bonds connecting the same adjacent vertices, thereby yielding the lattice $Lambda_ell$. This relation is used to calculate the bond percolation threshold on $Lambda_ell$. We show that this bond inflation leaves the universality class of the percolation transition invariant on a lattice of dimensionality $d ge 2$ but changes it on a one-dimensional lattice and quasi-one-dimensional infinite-length strips. We also present analytic expressions for the average cluster number per vertex and correlation length for the bond percolation problem on the $N to infty$ limits of several families of $N$-vertex graphs. Finally, we explore the effect of bond vacancies on families of graphs with the property of bounded diameter as $N to infty$.
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