BP’s Energy Transition Strategy
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BP plans to make a strategic shift in its business to become an Integrated Energy Company, aiming to divest away from its core oil and gas business and venture further into lower carbon energy and electricity. Whilst over recent years BP has seen its non-hydrocarbons energy business grow it still represents only a minute part of its business. However, it now plans to increase investment in its low carbon energy and electricity segment from under 5% currently to 30% by 2030.
Scope
Understand BP’s energy transition strategy to transform from Integrated Oil Company to Integrated Energy Company
Understand transition strategies for Hydrocarbons focus area
Understand transition strategy for Low Carbon Electricity and Energy focus area
Understand transition strategies for Convenience and Mobility focus area
Reasons to Buy
Identify the reasons behind BP’s decision to venture in to il and gas business and venture further into lower carbon energy and electricity.
Gain insights on BP’s transition strategies for its key focus areas
Understand BP’s future hydrocarbon production and investment outlook
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