Our strategy
We are transforming from an international oil company to an integrated energy company. Our strategy is focused on three key areas of activity, which include our five transition growth engines. Our sustainability frame and the power of integration underpins and connects it all.
a Bioenergy includes customer-facing and midstream biofuels activities that form part of convenience and mobility.
Our strategy
Since we set out our strategy in 2020, our track record of delivery has given us increased confidence as we invest in bp's transition and the energy transition.
Resilient hydrocarbons
Convenience and mobility
Low carbon energy
What makes us different
We believe we have the scale and expertise to navigate complex markets and manage increasingly integrated energy systems.
Integrating energy systems – harnessing our collective capabilities as the energy system transitions, helping more customers get the energy they want and creating value for our shareholders.
Partnering with countries, cities and industries – by leveraging relationships and building new partnerships we aim to provide integrated energy and mobility solutions to help cities and industries reduce carbon emissions while creating exciting business opportunities.
Driving digital innovation – we innovate with a strong focus on digital to drive operational efficiencies, empower our workforce and engage better with our customers. This includes building new businesses through bp ventures and Launchpad.
Our purpose is reimagining energy for people and our planet. Our sustainability frame translates our purpose into action and underpins our strategy to become an integrated energy company.
- Our beliefs and foundations: Our approach to sustainability helps us do the right thing on safety, greenhouse gas emissions, human rights, biodiversity, and other social and environmental factors.
- Aims and objectives: Sustainability at bp is about creating value for our stakeholders by connecting the business opportunities of the energy transition with our aims.
- Embedding into our DNA: We are working to embed sustainability more deeply into our culture, decision making, governance, systems, and processes.
- Engaging stakeholders: We learn through ongoing engagement with our many different stakeholders and work with them to deliver our aims.
