We don’t just talk about innovation in bp, we do it – and have been for many years. This track record gives us confidence in continuing to transform, change and innovate at pace and scale, while always focussing on safety – our core value.
Innovation & engineering (I&E) is home to our central engineering and safety & operational assurance authorities, which sets bp-wide requirements and governance, as well as providing guidance and deep technical expertise.
Our applied sciences capability, set across 12 sites, oversees a research and development spend of $350 million per year, complemented by leading external partnerships, increasingly orientated towards reducing carbon emissions.
Our digital practice comprises five distinct teams – from developing our strategy, capability and access to emerging technology, through to enabling our workforce and enhancing our underlying infrastructure. It also provides business support activities to transform our core operations, as well as creating new customer-led platforms and solutions. And throughout, it protects and safeguards our systems, assets and people from cybercrime and digital threats.
Finally, we harness adjacencies to our existing businesses, through our venturing and business building capabilities. The latter we call Launchpad. Combined, these give us access to short-term and longer-term high-value options, investing around $100million per year in both our existing portfolio and new companies.
APEX, our simulation and surveillance system
Watch two snapshots of our more recent innovations and partnerships.
Find out more about the I&E team and their strategy or catch up on the Technology Outlook podcast series