These are the things that every energy business needs and are critical foundations for what we do and how we do it.
We value the safety of our workforce and focus on maintaining a safe operating culture every day. This culture of safety also improves the integrity and reliability of our assets.
We aim to build enduring relationships with our key stakeholders, and partner with others to find innovations that can improve efficiency and deliver low carbon solutions.
We work to attract, motivate and retain the best talent the world offers and equip our people with the right skills for the future. Our performance and ability to thrive globally depend on it.
Our board has a diversity of knowledge, expertise, and ways of thinking that help us transition our business, manage risks and continue to deliver value over the long term.
New technologies help us produce energy safely and more efficiently. We selectively invest in areas with the potential to add greatest value to our business, now and in the future, including building lower carbon businesses.
These are the things we believe set us apart from our peers and demonstrate our distinctive ways of working.
We combine expertise in physical supply and trading and advanced analytics to deliver long-term value, from wellhead to end customer. We trade a variety of products such as crude oil, refined products, natural gas, LNG, carbon products and power.
barrels of crude a year traded, equivalent to 20% global traded oil.
Our share in Rosneft, one of Russia’s largest oil and gas producers, gives us a stake in one of the largest and lowest-cost hydrocarbon resource bases in the world, with access to huge markets, both east and west.
BP’s stake in Rosneft.
Our convenience partnerships provide customers with a differentiated offer that includes fresh, high-quality food and drink, such as M&S Simply Food® in the UK and REWE to Go® in Germany.
differentiated convenience partnership sites across our network of around 18,900 retail sites.
Our framework helps focus everyone in BP on our low carbon ambitions. It encompasses activities across the group to reduce emissions from our operations, improve the products we offer to help customers reduce their emissions, and create low or zero carbon businesses to deliver more energy with fewer emissions.
methane intensity in 2019.
On 12 February 2020 we introduced our ambition and aims with a new structure, a new leadership team, and new ways of working. To deliver our ambition we are reinventing BP, retiring our existing model and replacing it with one that is more focused, more integrated and faces the energy transition head on. One that can deliver for the changing demands of consumers, investors and governments. Our new leadership structure is due to come into place on 1 July 2020 and is expected to be fully operational by 1 January 2021. The new leadership will focus on four core capabilities: operations, customers, low carbon and innovation. These four highly focused business groups will work with three integrators (sustainability and strategy; regions, cities and solutions; and trading and shipping), to facilitate collaboration and unlock value. And four teams will serve as enablers of business delivery.
Information about our Annual General Meeting including the Notice of Meeting and speeches made by members of the board
An overview of the key activities, events and results in 2019, together with commentary on BP’s performance and our priorities as we move forward