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.
Focusing our oil and gas production, doubling our convenience and mobility earnings, and growing renewables
Delivering for our customers and our investors today by successfully operating the businesses that fuel the world and provide the cash for our transformation tomorrow
Raising our low carbon ambitions, aiming to be net zero across operations, production and sales by 2050 or sooner.
Tackling climate change cannot be achieved in isolation; it needs everyone to pull together.
That’s why bp is collaborating with exceptional partners on the journey towards net zero. Here are some of our many invaluable partnerships.
Our approach to sustainability has three clear focus areas: get to net zero, improve people’s lives, and care for our planet. These are the areas where we think we can make the biggest difference.
Become a net zero company by 2050 or sooner, and help the world get to net zero.
Support a just energy transition, promoting wellbeing for our workforce and the communities where we work.
Making a positive difference to the environment in which we operate through actions to, for example, enhance biodiversity.