Our transformation
bp aims to be a net zero company by 2050 or sooner across our operations, production and sales. The US is pivotal to achieving that.
Today, most of our global investment goes into oil and gas. By 2030, we aim for around half to be going into our lower carbon businesses, convenience and power.
This is our strategy to get there:
Investing in resilient hydrocarbons
That means producing reliable energy safely and responsibly while lowering emissions and driving returns. Like we did in 2020, when bpx energy delivered 245,000 metric tons of sustainable emissions reductions.
Growing our convenience and mobility business
That means taking major steps to accelerate EV fleet charging and serving more than 3 million customers daily across 46 states.
Scaling up investments in low carbon energy
That means rapidly scaling renewables like solar and offshore wind, and expanding into carbon capture, use, and storage and low carbon hydrogen production.
Our Gulf of Mexico business is helping to drive the transformation of our business toward becoming an integrated energy company by increasing production of resilient hydrocarbons, while lowering emissions in the region.
Our onshore oil and gas operations are home to some of bp’s most resilient hydrocarbons, and we’re driving a 30-40% increase in production by 2025. In the Permian Basin in Texas, our Grand Slam facility exemplifies how we can reach our net zero ambition as a company, by decarbonizing our existing production and centralizing delivery of oil and gas to reduce emissions at the source.
Biogas is generated by the decomposition of organic material at landfill sites, anaerobic digesters and other waste facilities – and demand for it is growing rapidly.
Our growing US wind energy business is key to our strategy. This business provides clean power, while developing and deploying new technologies to deliver that energy more efficiently.
Our US refineries represent about 40% of bp’s global refining capacity. We’re proud to produce the energy people need for everyday life, and we’re excited about the potential to reimagine our facilities as integrated low carbon energy hubs and manufacturing centers.
As part of our plan to become an integrated energy company, bp combines our trading, mobility and customer expertise with our 50:50 joint venture Lightsource bp’s world-class solar project development experience to deliver renewable power to our customers.
Our brands are part of Americans’ everyday lives. bp’s presence spans more than 8,000 retail sites, including bp-, ARCO/ampm-, Amoco-, TravelCenters of America (TA)- and Thorntons-branded sites in 46 states, serving more than 3 million customers daily.
Based primarily in Houston and Chicago, bp’s trading & shipping (T&S) business in North America works with our partners to buy, sell and move energy, integrating our products and services to provide energy solutions for more than 3,500 North American customers annually.
Producing resilient hydrocarbons
Find out more about the Gulf of Mexico
Advocating while we transform
bp is advocating for policies that can help us, and America, achieve our shared net zero ambition.
