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We want to help the world reach net zero and improve people’s lives. We want to be an energy company with purpose; one that is trusted by society, valued by shareholders and motivating for everyone who works at bp.
Starting in 1908 with the discovery of oil in Persia, our story has always been about transitions – from coal to oil, from oil to gas, from onshore to deep water, and now onwards towards a new mix of energy sources as the world moves into a lower carbon future
Why bp is investing in oil and gas. Oil and gas supply about 55% of the world’s energy. 1 The world consumes around 100 million barrels of oil a day, and around 4,000 billion cubic metres of natural gas a year. 2 It’s energy that keeps the lights on, gets us from A to B, and heats our homes.
bp today introduces a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers.
Our organization. Corporate governance. Our people want to play their part in solving the big complex challenges facing our world today – including the transition to low carbon – and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions.
The company’s new app, earnify™, aims to reach more customers and improve their bp experience. bp’s blueprint for driving efficiency – and value – in the Permian Basin. bpx, our US onshore oil and gas business, has boosted some West Texas wells’ production by 20%.
We deliver energy products and services to customers around the world, and plan to do so increasingly in ways that we believe will help drive the transition to a lower carbon future.
bp is a global organisation on a transition from an international oil company to an integrated energy company. Whether you’re an experienced professional, graduate, or a student, the work you do here will play a role in helping us achieve net zero by 2050 - or sooner.
We are transforming from an international oil company to an integrated energy company. Our strategy is focused on three key areas of activity, which include our five transition growth engines. Our sustainability frame and the power of integration underpins and connects it all.
The Annual Report is an overview of key activities, events, and results, together with commentary on BP’s performance and priorities as we move forward.