Our strategy
We remain focused on transforming to an integrated energy company. Our three-pillar strategy includes our five transition growth engines, and integration underpins and connects it all
Our strategy
Our three-pillar strategy is unchanged – it is focused on investing in our transition growth engines and, at the same time, investing in today’s energy system. And integration connects it all.
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.
“By following this strategy, we expect bp to be a very different energy company by 2030.”
Bernard Looney, chief executive officer
Our sustainability frame links our strategy to our purpose – to reimagine energy for people and our planet.
- Three focus areas: net zero, people and planet – include prioritised themes linked to the UN Sustainable Development Goals.
- Aims and objectives: we have set aims and objectives for our focus areas on people and planet, as we did with net zero.
- Embedding into our DNA: we plan to actively drive the sustainability frame through our operating model, our governance and our culture.
- External collaborations: we plan to continue the search for partnerships that can help us drive progress, provide skills we may not have, and help us shape the future together.
