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 TravelCenters of America investor announcement
bp's chief executive officer, Bernard Looney; chief financial officer, Murray Auchincloss; and EVP customers & products, Emma Delaney hosted a webcast on Thursday 16 February to discuss bp's agreement to purchase leading travel center operator, TravelCenters of America
Why invest in bp
We believe bp has a compelling investor proposition – one that will drive growing long-term shareholder value – and to do this we are focused on transforming from an International Oil Company (IOC) to an Integrated Energy Company (IEC) while remaining committed to performing as we transform. And we believe we can generate attractive returns in doing so.