BP Plc - Company Profile
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Business Description
BP Plc (BP) is an integrated energy company that delivers solutions to customers in 61 countries around the world. The company's primary activities include the production and distribution of energy products and services, with a focus on reducing carbon emissions and growing new low carbon businesses.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
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R&D Overview
BP is investing in research and development to focus on digital and technology solutions that generate value, manage risk, and accelerate the transition through scale-up and innovation. The investment is targeted at technologies that help identify and access new oil and gas opportunities at lower costs, reduce greenhouse gas emissions, and enable transition businesses. The company is also focused on the development of low carbon solutions such as biogas; hydrogen; and carbon, capture and storage (CCS). It intends to invest and manage these technologies to strengthen its low carbon portfolio. It had also consolidated 19 digital platforms into six and activated a global marketing and communications hub in Mumbai during FY2025. This initiative includes the deployment of AI-driven technology to develop investment insights in over 40 markets and tools to support segmentation and personalization. At the end of FY2025, the company held over 2,958 granted and pending patent application. In FY2025, the company spent US$274 million on research and development activities, which as a percentage of revenue stood at 0.2% and decreased 8.9% YoY.
Business Segments
- Customers & Products
- Gas & Low Carbon Energy
- Oil Production & Operations
- Other Businesses and Corporate
Overview
Comprises customer-focused businesses, which include convenience and retail fuels, EV charging, as well as Castrol, aviation, and B2B and midstream. It also includes the company's product businesses, refining & oil trading, and bioenergy businesses. The segment serves customers globally, providing energy products and services. The prominent brands associated with this segment include BP and Castrol. In FY2025, the segment incurred a capital expenditure of US$4,071 million, which grew 7.4% YoY.
Performance
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Overview
It comprises the company's gas and low-carbon businesses. The gas business includes regions with upstream activities that predominantly produce natural gas, integrated gas and power, and gas trading. The low-carbon business includes solar, offshore, and onshore wind, hydrogen and CCS, and power trading. The segment serves the energy industry globally. In FY2025, the segment incurred a capital expenditure of US$3,410 million, which declined 41.6% YoY.
Performance
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Overview
It engaged in regions with upstream activities that predominantly produce crude oil, including bpx energy. This segment serves the oil industry. The key brand associated with this segment is bpx energy. In FY2025, the segment incurred a capital expenditure of US$6,760 million, which grew 9.1% YoY.
Performance
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Overview
It comprises bp ventures, innovation & engineering, launchpads, regions, corporates & solutions, corporate activities & functions, and any residual costs of the Gulf of Mexico oil spill. In FY2025, the segment incurred a capital expenditure of US$292 million, which declined 28.4% YoY.
Performance
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Geographical Segments
Performance
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Performance
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