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bp is pursuing its strategy to become an integrated energy company delivering solutions to customers

1Q 2021 results

Delivering today, transforming for tomorrow

This quarter demonstrates what we mean by performing while transforming. With the acceleration of divestment proceeds, together with strong business performance and the recovery in the price environment, we generated strong cash flow and delivered on our net debt target around a year early. We are commencing share buybacks in the second quarter which, alongside our resilient dividend, support the growth in distributions to shareholders. And at the same time, we’ve delivered disciplined strategic progress right across bp – including building a high-quality offshore wind business, making great strides in our electrification agenda and setting ourselves up for further growth in the Gulf of Mexico.Bernard Looney,chief executive officer
bp week image of cityscape

bp week

Over three afternoons on 14-16 September, 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

Wind turbines in the mountains
Our net zero ambition: bp announces new strategy and a shift to low carbon and customer focus alongside resilient operating performance.