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BP is an integrated energy company focused on delivering secure, affordable, and lower-carbon energy solutions while maintaining its traditional oil and gas operations. The company operates globally, engaging in exploration, production, refining, and marketing of oil and gas, alongside investments in renewable energy and low-carbon technologies. BP offers a diverse range of products and services, including fuels, lubricants, EV charging, and bioenergy solutions.
- Customers & Products - Offers customer-focused services such as convenience and retail fuels, EV charging, Castrol lubricants, aviation fuels, and B2B solutions. Includes refining, oil trading, and bioenergy operations.
- Gas & Low Carbon Energy - Produces natural gas, engages in gas marketing and trading, and develops renewable energy projects like solar, wind, hydrogen, and carbon capture and storage (CCS).
- Oil Production & Operations - Focuses on upstream activities predominantly producing crude oil, including operations under BPX Energy.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Giulia Chierchia ExecutiveBoard | Executive Vice President (EVP) of Strategy, Sustainability & Ventures | Non-Executive Director on the Board of Schneider Electric | Giulia Chierchia has been the Executive Vice President (EVP) of Strategy, Sustainability & Ventures at BP since July 1, 2020. She also serves as a Non-Executive Director on the board of Schneider Electric and has extensive experience in driving strategy and sustainability in the energy sector. | |
Kate Thomson ExecutiveBoard | Chief Financial Officer (CFO) | Board member of Aker BP | Kate Thomson currently serves as the CFO of BP since becoming permanent on February 2, 2024, and has been with BP since 2004 holding roles such as Senior Vice President, Finance for Production & Operations, Group Treasurer, and Group Head of Tax. | |
Murray Auchincloss ExecutiveBoard | Chief Executive Officer (CEO) | Board Member of Aker BP | Murray Auchincloss is the CEO of BP since 17 January 2024 after serving as interim CEO from September 2023 and prior to that as CFO from July 2020. He has extensive experience in financial and operational leadership roles within BP since 2010, playing a key role in the company's transformation. | View Report → |
Anja Dotzenrath Executive | Executive Vice President (EVP) of Gas & Low Carbon Energy | Anja Dotzenrath served as BP's Executive Vice President (EVP) of Gas & Low Carbon Energy since March 1, 2022. She brings over 30 years of industry experience, having previously served as CEO of RWE Renewables and CEO of E.ON Climate & Renewables. | ||
Carol Howle Executive | Executive Vice President (EVP) of Trading & Shipping | Carol Howle is the Executive Vice President (EVP) of Trading & Shipping at BP since July 1, 2020. She has more than 20 years of experience in the energy industry and has held various leadership roles within BP, including leading BP Shipping and serving as Chief Operating Officer for Integrated Supply and Trading. | ||
Emma Delaney Executive | Executive Vice President (EVP) of Customers & Products | Emma Delaney is the EVP of Customers & Products at BP since July 1, 2020, with 28 years of experience at the company that includes roles such as Regional President for West Africa and CFO for Asia Pacific. | ||
Gordon Birrell Executive | Executive Vice President (EVP) of Production & Operations | Non-Executive Director, Azule Energy Holdings Ltd | Gordon Birrell is the EVP of Production & Operations at BP, a role he has held since July 1, 2020, and he has been part of BP's executive team since February 12, 2020. He has served in various leadership capacities at BP and is also a non-executive director of Azule Energy Holdings Ltd. | |
Kerry Dryburgh Executive | Executive Vice President (EVP) of People & Culture | Kerry Dryburgh is the Executive Vice President (EVP) of People & Culture at BP since 1 July 2020. She has previously served as BP's Group Chief Talent Officer and Head of HR for BP's Upstream Business. | ||
Leigh-Ann Russell Executive | Executive Vice President (EVP) of Innovation & Engineering | non-executive director of Hill & Smith Holdings | Leigh-Ann Russell is the EVP of Innovation & Engineering at BP since 1 March 2022. Previously, she served in senior roles at BP, including SVP Procurement, Global Head of Upstream Supply Chain, and VP of Technical Functions and Performance. | |
Mike Sosso Executive | Executive Vice President (EVP) Legal | Mike Sosso has been the Executive Vice President (EVP) Legal at BP since 1 January 2024. He joined BP in 2011 and has held leadership roles including Vice President (VP) Ethics and Compliance, following his legal practice at Skadden, Arps, Slate, Meagher & Flom in Washington, DC. | ||
Dame Amanda Blanc Board | Independent Non-Executive Director | CEO of Aviva plc; Co-chair of the UK Transition Taskforce; HM Treasury’s Women in Finance Champion; Principal Member of Glasgow Financial Alliance for Net Zero (GFANZ); Member of the Association of British Insurers Board | Dame Amanda Blanc has served as an Independent Non-Executive Director at BP since 1 September 2022. She is also the CEO of Aviva plc and has held senior leadership roles at AXA UK and Zurich Insurance Group. | |
Dr. Johannes Teyssen Board | Independent Non-Executive Director | Senior Advisor to Kohlberg Kravis Roberts; President of Alpiq Holding Ltd; Senior Advisor to Viridor Limited | Dr. Johannes Teyssen is an independent non-executive director at BP, appointed on 1 January 2021. He is a member of both the Safety and Sustainability Committee since 2021 and the People and Governance Committee since 6 May 2024. | |
Helge Lund Board | Chair of BP's Board | Chair of Novo Nordisk AS; Operating Advisor to Clayton Dubilier & Rice; Member of the Board of Trustees of the International Crisis Group; Member of the European Round Table for Industry; Mentor at Chair Mentors International | Helge Lund is the Chair of BP's Board since 1 January 2019. He has a distinguished career in the energy sector, having previously served as CEO of BG Group and as President and CEO of Equinor. | |
Hina Nagarajan Board | Independent Non-Executive Director | Managing Director and CEO of United Spirits Limited; Member of the Global Executive Committee of Diageo plc | Hina Nagarajan is an Indian Independent Non-Executive Director at BP since 1 March 2023. With over 30 years of experience in the FMCG sector, she previously served as Managing Director and CEO of United Spirits Limited (Diageo India) and is a member of the Global Executive Committee of Diageo plc. | |
Karen Richardson Board | Independent Non-Executive Director | Partner at Artius Capital Partners; Non-executive director (lead independent director) of Exponent, Inc.; Director of Artius II Acquisition Inc. | Karen Richardson has served as an independent non-executive director at BP since 1 January 2021. She brings over 30 years of experience in the technology industry, having held leadership roles at companies such as Netscape Communications and E.piphany. | |
Melody Meyer Board | independent non-executive director | President of Melody Meyer Energy LLC ; Non-executive Director of AbbVie Inc. ; Director at National Bureau of Asian Research ; Trustee at Trinity University | Melody Meyer is an independent non-executive director at BP since 17 May 2017 and has chaired the Safety & Sustainability Committee since November 2019. With a 37-year career at Chevron and active leadership of Melody Meyer Energy LLC, her extensive operational experience underpins her contributions to BP. | |
Pamela Daley Board | Independent Non-Executive Director | Director of BlackRock, Inc.; Director of SecureWorks, Inc. | Pamela Daley has been an Independent Non-Executive Director at BP since 26 July 2018, bringing extensive legal and strategic expertise from her previous senior roles at GE, BG Group, and Patheon N.V. | |
Satish Pai Board | Independent Non-Executive Director | Managing Director of Hindalco Industries Limited; Director of Novelis Inc.; Non-Executive Director at Aditya Birla Management Corporation Ltd.; Director at the Indian Institute of Metals | Satish Pai, an Indian national, has been serving as an Independent Non-Executive Director at BP since March 1, 2023, and joined the Safety and Sustainability Committee at his appointment. He brings extensive expertise from over 28 years in global operations and technology, having held key leadership roles at companies such as Schlumberger, Hindalco Industries Limited, and Novelis Inc.. | |
Tushar Morzaria Board | non-executive director | Tushar Morzaria is an independent non-executive director at BP since 1 September 2020. He brings over 25 years of experience in strategic financial management and has held senior roles at Barclays PLC and JP Morgan. |
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Your refining and trading division had another weak quarter in 2024; how confident are you that the issues experienced are now behind you, and what specific actions are you taking to improve profitability in this division?
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With the announcement of a fundamental reset of your strategy, what has changed in the environment or in your discussions with the Board to prompt this shift from the prior mid-strategy update, and how will this impact your future plans?
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Given your shift towards a more capital-light approach involving joint ventures like the JERA deal, how will this impact your cost reduction targets, and can you quantify the amount of costs that will come off your balance sheet as a result of these transactions?
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Considering your recent upstream deals with ONGC and the redevelopment of Kirkuk, what makes these opportunities attractive, especially given the risks associated with technical service contracts in these regions, and what returns are you expecting from them?
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Despite a challenging year for biofuels margins, can you provide a breakdown of the performance within your bioenergy division, specifically between biofuels and biogas, and has Archaea's performance improved within that total?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
X Convenience | 2025 | BP acquired X Convenience on 3 February 2025 to expand its retail network by adding 49 fuel and convenience sites in South and Western Australia, thereby strengthening its core retail footprint. |
Lightsource bp | 2024 | BP completed the acquisition of the remaining 50.03% interest in Lightsource bp on 24 October 2024 for approximately $0.5 billion, making it a wholly owned subsidiary and expanding BP’s renewable energy portfolio with 2.4GW of US operational and construction assets, while also taking on $3.0 billion in finance debt and $0.3 billion in cash. |
bp Bunge Bioenergia | 2024 | BP acquired the remaining 50% of bp Bunge Bioenergia on 1 October 2024 for a total consideration of $0.8 billion, including deferred payments, and assuming $0.7 billion in finance debt and $0.3 billion in cash, thus reinforcing its position in biofuels with a production capacity of around 50,000 barrels per day ethanol equivalent. |
GETEC ENERGIE GmbH | 2024 | BP acquired GETEC ENERGIE GmbH with the deal announced in January 2024 and completed on 1 August 2024, in order to significantly expand its European power and gas C&I supply presence across Germany, the Netherlands, Austria, Belgium, and Poland, following regulatory approvals. |
Archaea Energy Inc. | 2022 | BP acquired Archaea Energy Inc. for $3.3 billion in cash and assumed $800 million of net debt, giving it a total enterprise value of $4.1 billion, as part of its strategic move to double its biogas EBITDA contribution and integrate 50 renewable natural gas and landfill gas-to-energy facilities across the US. |
Recent press releases and 8-K filings for BP.
- BP PLC announced its share buyback programme with a maximum allocation of around $750 million to reduce its issued share capital.
- The programme is being executed through repurchase transactions of ordinary shares on the London Stock Exchange and Cboe (UK), with detailed data on volumes and average prices provided in successive filings.
- The repurchase transactions include the transfer of shares into treasury, resulting in updated total voting rights as disclosed across multiple announcements.
- BP delivered strong Q1 performance with an underlying RC profit of $1.4bn, a period profit of $982 million, and $687 million attributable to shareholders .
- Robust operational metrics were achieved with 96.2% refining availability and 95.4% upstream plant reliability .
- The company announced an interim dividend of 8 cents per ordinary share payable on 27 June 2025, alongside a $750m share buyback ahead of its Q2 report .
- Focused cost management resulted in a $500m reduction in operating costs, supporting a broader $4-5 billion cost reduction program .
- Capital discipline was maintained with a $0.5bn CapEx cut bringing 2025 CapEx to $14.5bn, complemented by a $1.5bn cash flow intervention and progress on a $20bn disposal program .
- Strong operating cash flow of $2.8bn underpinned the current net debt of $26,968m, versus financial priorities targeting a net debt of $14-18bn by 2027 .
- BP PLC held its AGM on 17 April 2025 and issued this Form 6-K to provide the official results of the meeting.
- The document details the voting outcomes on key resolutions including the re-election of directors and the reappointment of the auditor, with specific vote counts and percentages reported.
- It also notes board-related developments, such as the succession process initiated following Helge Lund's indication to step down, which is part of the broader resolution outcomes.
- BP PLC filed a Form 6‑K on 11 April 2025 outlining its Q1 2025 trading statement with current estimates, economic environment insights, and key performance expectations.
- The document highlights trading metrics such as Brent averaging $75.73/bbl and detailed guidance on production changes and financial expectations, including an underlying effective tax rate near 50%.
- It includes standard forward‑looking statements and cautionary notes regarding risks and uncertainties that could impact future results.
- BP PLC filed a Form 6-K on 01 April 2025 to disclose its updated capital structure and voting rights, detailing 16,111,767,438 ordinary shares, 12,706,252 preference shares, and 374,545,556 treasury shares for a total of 16,491,395,494 voting rights.
- BP PLC commenced a share repurchase programme with a maximum allocation of approximately $1.75 billion, running until 25 April 2025 to reduce its issued share capital.
- The buyback is being executed on the London Stock Exchange and Cboe (UK), aligned with the authorities granted at the 2024 Annual General Meeting.
- The 6-K filing also outlines multiple transactions executed in March 2025, detailing key trading parameters for each purchase.