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  1. Home
  2. What we do
  3. Trading & shipping

Trading & shipping

Based primarily in Houston and Chicago, our US trading and shipping (T&S) teams work across value chains, drawing together bp's capabilities to optimize energy systems for 3,500 North American customers annually. These include retail energy providers, power generators, producers, municipalities, private equity firms, renewable energy developers and natural gas consumers
 

By 2050, we see T&S’s portfolio of traded and marketed products helping to decarbonize the global energy mix. Beyond bp’s investments in renewable energy, T&S has been developing several other offerings to help customers meet their sustainability needs.

T&S portfolio

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Natural gas & power

T&S is the largest marketer of natural gas in North America and one of its top wholesale power marketers. Our physical expertise combined with our financial strength and hedging knowledge allows us to create custom solutions to meet our customers unique needs
bp team members work on computers on a trading floor

Low carbon trading

Sat within bp’s T&S business, low carbon trading (LCT) is one of bp’s core integrators. We work with teams across bp to find new opportunities and energy solutions in a constantly changing landscape
A team of six people work in a room filled with computer monitors

Crude and refined products

We offer deep expertise in trading oil. bp’s experienced team of marketers, traders, logistics staff and analysts, offers a global perspective with local expertise to help identify and manage through changing market dynamics
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Offsets

We have a robust carbon offset portfolio in North America, providing project offsets in combination with natural gas, liquefied natural gas (LNG) and propane supplies. bp has recently completed both carbon-offset natural gas and carbon-offset propane deals in the US
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Biogas

Mavrix, our non-operated joint venture with Aria Energy, is developing projects to produce renewable natural gas (RNG), or biogas, using methane captured from waste. RNG is a key emerging lower carbon fuel for heavy transport
Pipes with NGL are attached to the top of a boat sitting on dark blue water

Natural gas liquids

Headquartered in Houston, with offices in Chicago, Calgary, London, and Singapore, bp’s NGL team trades and markets roughly 1.4 million barrels per day of NGL and olefins in North America and waterborne liquefied petroleum gas globally
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Low carbon shipping

bp's shipping fleet features some of the most advanced tankers anywhere in the industry. Our upgraded LNG carriers use approximately 25% less fuel, emit less nitrogen oxides, and are servicing bp’s 20-year liquefaction contract with the terminal in Freeport, Texas

Connecting heavy transport with lower carbon fuel

We are a leading supplier of renewable natural gas (RNG), or ‘biogas’, to the US transportation sector. RNG is a key emerging fuel derived from waste and can be transported through existing natural gas pipelines.

 
In support of bp’s ambition, our biogas strategy is focused on growth. Our trading team currently has 24 flowing biogas offtake agreements with various facilities across the US – and another 15 contracted to flow in the future.

Learn more
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Discover more

Global T&S

US Impact Report: Marketing, Trading and Shipping

bp’s low carbon trading team expands RNG portfolio