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4Q and full-year 2023 results: A year of delivery

Release date:
6 February 2024
Our strategy delivered again in 2023 as we move from an international oil company to an integrated energy company. 
 
We’re investing in today’s energy system, with four major start-ups. Plus, we’re building tomorrow’s, and increasing bioenergy production, installing new EV charging points, growing the number of convenience sites, and more. 
 
We’ve selected some of the year’s key highlights below.        
“Our destination remains unchanged – from IOC to IEC – focused on growing the value of bp. We are confident in our strategy, on delivering as a simpler, more focused and higher-value company, and committed to growing long-term value for our shareholders.” 


Murray Auchincloss

Chief executive officer, bp

February 2024

Oil and gas

Transition growth engines

The businesses driving our transformation from an international oil company to an integrated energy company

Bioenergy

Convenience

EV charging

Hydrogen

Renewables & power

All comparisons referenced are versus 2022; absolute figures are 2023.
1Including Archaea Energy in 2023.         
2Excluding TravelCenters of America (TA).          
3At constant forex and excluding TA and other portfolio changes. 
4In GWh.            

And,
not or.

The world's transition to a more secure, more affordable, lower carbon energy system needs massive investment in lower carbon energies AND continued investment in oil and gas as the alternatives grow. We're transforming bp to play our part – discover more below

Our transformation

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