Investors
bp is pursuing its strategy to become an integrated energy company delivering solutions to customers
4Q 2022 results
During 2022 bp delivered four quarters of robust underlying financial performance and strategic progress - strengthening the balance sheet, investing with discipline, and growing distributions to shareholders
Throughout 2022, bp continued to focus on delivery of our Integrated Energy Company strategy. We are helping provide the energy the world needs today and – at the same time - investing with discipline into our transition and the energy transition – as demonstrated by the Archaea Energy acquisition. We are strengthening bp, with our strongest upstream plant reliability on record and our lowest production costs in 16 years, helping to generate strong returns and reducing debt for the 11th quarter in a row. Importantly, we are delivering for our shareholders – with buybacks and a growing dividend. This is exactly what we said we would do and will continue to do – performing while transforming."Bernard Looney,chief executive officer
bp week
Over three afternoons on 14-16 September 2020, chief executive officer Bernard Looney and members of his leadership team offered further insight into bp’s new strategy, which was launched on 4 August
From IOC to IEC: bp’s new strategy
Our net zero ambition: bp announces new strategy and a shift to low carbon and customer focus alongside resilient operating performance.