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.
That means taking major steps to accelerate EV fleet charging and serving more than 3 million customers daily across 35 states.
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 7,750 retail sites, including bp-, ARCO/ampm-, Amoco-, and Thorntons-branded sites in 35 states, serving around 3 million customers daily. And in February 2023 we agreed to purchase TravelCenters of America (TA).
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.
bp is advocating for policies that can help us, and America, achieve our shared net zero ambition.