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Our transformation


Plans into action

We believe the world wants and needs a better and more balanced energy system – one that delivers energy that is secure and affordable, as well as lower carbon.

And, not or

Our strategy helps us to do both – invest in today’s energy system, which is predominately oil and gas, AND, not or, invest more in our transition and the energy transition.

And while we’re mostly in oil and gas today, we’ve increased global investment in our lower carbon, convenience stores and power trading businesses (what we call our ‘transition growth engines’) from around 3% in 2019 to around 30% last year.

Increasing investment in these engines is a sign that bp’s wider transformation is under way. Alongside oil and gas, we’re turning plans into action:

  • Bioenergy – to produce more renewable fuels made from waste or plants.
  • EV charging – to help accelerate the switch to electric vehicles.
  • Convenience – to help make everyday life a little easier.
  • Renewables & power – generating homes and businesses with low carbon energy from the sun and wind.
  • Hydrogen and carbon capture and storage – to help build the lower carbon energy system of the future.

See below for more information on our transition businesses.

We’re making progress

Circle gesture

Renewables pipeline has grown more than 6 times since 2019

Electric bolt graphic

Added ~9K EV charging points in a year

Operational worker smiling

Operational emissions down 41%

Arial view of a ship in the ocean

Oil and gas production emissions down 15%

Offshore platform

Bringing secure supplies of new production to the world while working to lower emissions

Wind turbine at sea

Growing offshore wind energy from zero to 5.2GW

World icon

>10 hydrogen projects kickstarted

Crops in sunset

Bioenergy production up by 17% since 2019

Man and woman smiling in car

Serving more customers on the go at around 750 new strategic convenience sites since 2019


Turning plans into action

Working in partnership to accelerate change

Tackling climate change cannot be achieved in isolation; it needs everyone to pull together.

That’s why bp is collaborating with exceptional partners – across cities and corporations – on the journey towards net zero. Here are some of our many invaluable partnerships

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ADNOC and Masdar logos
ADNOC and Masdar
The energy companies are working with bp to develop low carbon hydrogen hubs and decarbonized air corridors between the UK and UAE.
Lightsouce bp logo
Lightsource bp
Since partnering with bp in 2017, the joint venture has developed a ‎significant pipeline of large-scale solar projects across the world.
Equinor logo
bp is teaming up with Equinor to develop four offshore wind assets in two leases off the US East Coast that have the potential to power 2 million homes.
NEP logo
Northern Endurance Partnership (NEP).
bp is working with National Grid, Equinor, Shell and TotalEnergies to provide onshore and offshore infrastructure to transport CO2 from the Humber and Teesside to storage in the North Sea.

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