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Our transformation

By 2030, we aim to be a different kind of energy company

We’re decarbonizing and diversifying our business.

What’s changing

Reducing our oil and gas production and lowering emissions, while keeping up cash flow by high-grading our portfolio and growing bioenergy.

Investing in low carbon energy to rapidly scale up in solar and offshore wind, and develop new opportunities in carbon capture and hydrogen.

Switching on 100,000 EV charging points and opening more than 1,000 new strategic convenience sites.

Doubling down on five transition growth businesses, planning for more than 40% of the capital we invest to be in bioenergy, convenience, EV charging, renewables and hydrogen by 2025.

Accelerating our net zero ambition – our aim is to be net zero by 2050 or sooner across operations, production and sales.

We’ve made great progress

Circle gesture

Renewables pipeline more than quadrupled in three years

Electric bolt graphic

Added 5K EV charging points in a year

Operational worker smiling

Operational emissions down 35%

Arial view of a ship in the ocean

Oil and gas production emissions down 16%

Offshore platform

Bringing secure supplies of new production to the world while working to lower emissions

Wind turbine at sea

Growing offshore wind energy from zero to 5.2GW

World icon

Laying the groundwork for seven hydrogen hubs around the world

Crops in sunset

Bioenergy production up by 18%

Man and woman smiling in car

Serving more customers on the go at 500 new convenience stores

Working in partnership to accelerate change

Tackling climate change cannot be achieved in isolation; it needs everyone to pull together.

That’s why bp is collaborating with exceptional partners – across cities and corporations – on the journey towards net zero. Here are some of our many invaluable partnerships

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ADNOC and Masdar logo
ADNOC and Masdar
The energy companies are working with bp to develop low carbon hydrogen hubs and decarbonized air corridors between the UK and UAE.
Lightsouce bp logo
Lightsource bp
Since partnering with bp in 2017, the joint venture has developed a ‎significant pipeline of large-scale solar projects across the world.
Equinor logo
Equinor
bp is teaming up with Equinor to develop four offshore wind assets in two leases off the US East Coast that have the potential to power 2 million homes.
NEP logo
Northern Endurance Partnership (NEP).
bp is working with National Grid, Equinor, Shell and TotalEnergies to provide onshore and offshore infrastructure to transport CO2 from the Humber and Teesside to storage in the North Sea.

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