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BP p.l.c.
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== '''<u>Operations</u>''' == === <ref>https://www.youtube.com/watch?v=o_m0a1JZdco&ab_channel=bp</ref>Business Overview & Industry Chain ([https://www.youtube.com/watch?v=o_m0a1JZdco&ab_channel=bp youtube]) === * Exploration: one of BP's distinctive strengths ** After negotiating and acquiring the right to explore, the firm deploys its specialised skills, especially [[:en:Geophysical_imaging|Seismic Imaging]], to locate oil and gas sources, which is usually miles beneath the earth surface / sedbed * Development & Extraction ** BP specialises in <u>deep water operations</u> and <u>giant fields</u>: Prudhoe Bay in Alaska, to Ramallah in Iraq, to PSVM in Angola ** '''the next step is either sell the raw oil/gas to the market, or supply it to downsteam operations''' ** production rate: 2.3 Million barrels of oil per day ** <u>reverses</u>: £11 Billion, in key locations around the world; Angola, Azerbaijan, North Sea(UK), Gulf of Mexico(USA) ** several complex <u>gas value chains</u>, supplying it to Asia, Europe, and other markets worldwide * Transportation & Trading ** extensive <u>transport network</u>: ships, trains, trucks, and thousands of miles of pipelines ** expert traders based in key market around the world to <u>buy and sell</u> to regional and international markets supply and trading is closely linked with our portfolio of high-quality downstream activities that add value by '''turning oil and gas safely and efficiently into premium products''' * Manufacturing ** refineries apply the latest technology and understanding to '''refine process and blend hydrocarbons to make fuels lubricants and petrochemicals''' * Marketing ** BP supplies consumers and other end-users with <u>energy for heat and light</u>, advanced <u>lubricants to keep engines</u> moving, and premium <u>fuels for transportation</u> ** world-leading processes '''produce petrochemicals''' such as acetic acid from which a wide <u>variety of everyday items are made</u> * Investment ** BP's lower carbon businesses are managed through their alternative energy team ** the team develop and invest in biofuels with a focus on: *** integrating them into the <u>hydrocarbon value chain</u> *** operating a <u>wind business</u> in the United States === <ref>https://www.bp.com/en/global/corporate/what-we-do/our-business-model.html</ref>Business Groups === * Gas & low carbon energy ** Creating low carbon energy solutions. Integrating our existing natural gas capabilities with power trading and growth in low carbon businesses and markets, including wind, solar, hydrogen and carbon capture and storage (CCS). ** Creating value through *** Integrated gas and LNG businesses. *** Onshore and offshore wind. *** Our 50% stake in Lightsource bp. *** Hydrogen and CCS. *** Gas trading and power trading, and marketing of both renewable and non-renewable power. * Production & operations ** The operational heart of bp, producing the hydrocarbon energy and products the world wants and needs – safely and efficiently. *** Finding and developing hydrocarbon resources, with selective exploration mostly focused near our existing hubs *** Operating oil and gas production assets *** Operating refineries, terminals and pipelines *** Deploying technical capability across hydrocarbons and low carbon businesses * Customers & products ** Focusing on customers as the driving force for innovating new business models and service platforms to deliver the convenience, mobility and energy products and services of today and the future. *** Differentiated convenience and fuel offers at our retail sites, including snacks, ready meals and coffee. *** EV charging businesses. *** Castrol lubricants and e-fluids brand sold through numerous channels. *** Aviation business. *** B2B and midstream businesses. *** Refining & oil trading – our products businesses. *** Bioenergy – our biogas and biofuels businesses. *** Optimizing across integrated fuels value chain. === <ref>https://www.bp.com/en/global/corporate/what-we-do/our-strategy.html</ref>Sustainability Strategy -- "The Three Pillars" === * Resilient Hydrocarbons ** <u>Target business</u>: Oil and Gas ** <u>Target source</u>: Bioenergy * Convenience and Mobility ** <u>Target Business</u>: Retail; Castrol, Aviation, and B2B/Midstream ** <u>Target source</u>: Convenience & EV Charging * Low Carbon Energy ** <u>Target Source</u>: Hydrogen & Renewables and Power === <ref>https://www.bp.com/en/global/corporate/what-we-do/production-and-operations.html</ref>Productions & Operations ([https://www.bp.com/en/global/corporate/what-we-do/production-and-operations.html site]) === [[File:Production- -operations.png|thumb|2400x2400px|BP global production asset distribution|center]] Mission: find and develop hydrocarbon resources, operate oil and gas production assets, as well as refineries, pipelines and terminals around the world. === <ref>https://www.bp.com/en/global/corporate/products-and-services.html</ref><ref>https://www.bp.com/en/global/corporate/what-we-do/customers-and-products.html</ref>Products & Offerings === ==== Global Consumer Project ==== * BP Gas/Petrol Stations ** The UK: over 1,200 bp branded service stations across the UK serving more than seven million customers each week with quality fuels, including bp Ultimate, and everyday convenience. * Fuel Cards & Credit Cards ** [https://www.bp.com/en_gb/united-kingdom/home/products-and-services/bp-eu-fleet.html Europe]: fuel cards ** [https://www.bpplus.com.au/ Australia]: BP Plus(fuel cards) and Qantas Points * [https://www.bp.com/en/global/corporate/products-and-services.html Lubricants]: BP and <u>[https://www.castrol.com/ Castrol]</u> are leading manufacturer of motor oil and lubricants * [https://www.aral.de/de/global/retail/kraftstoffe-und-preise/sicherheitsdatenblaetter-und-detergenzieninformationen.html Aral(Europe)]: 2,500 service stations, Aral is one of the most trusted brands in Germany, Luxembourg and beyond * [https://www.ampm.com/ ampm(USA)]: US retail brand ampm, with nearly a thousand stores covering the west coast of America * [https://www.bp.com/en/global/corporate/what-we-do/bp-worldwide.html other business sites] ** Air bp, bp Bunge Bioenergia, Global energy trading, bp Midstream Partners, bp Pulse, bp Marine, bp Shipping, bp Solar Warranty, bp Target Neutral, bp Retail Energy ==== Customer Business(Product) ==== * Air BP ** Leading supplier of aviation fuel products and services, fuelling more than 6,000 flights per day at 700+ locations in 50 countries. Alongside others in the industry, BP is working hard to <u>increase the supply and demand of sustainable aviation fuel</u> – a key route to reducing carbon emissions in aviation. * Castrol ** World’s <u>leading lubricant brands</u>, serves customers/consumers in <u>automotive, marine, industrial and energy sectors</u>. ** Recognised for innovation and high performance, Castrol branded products and services keep things moving, whether an electric vehicle, a Formula One car, a wind turbine, a production line or the Mars rover. Castrol also operates a network of <u>auto service workshops</u>. * Mobililty & convenience ** 20,500 branded retail sites worldwide are a familiar sight at the roadside. ** Offer high-quality <u>fuels at the pump</u> and in some countries, <u>fast electric vehicle chargers</u> on our forecourts. ** Inside our <u>convenience stores</u>, we offer hot drinks and snacks in our wild bean cafés, while also providing food for later, with retail partners such as M&S in the UK or REWE-to-go in Germany. * BP Pulse ** Providing <u>electric vehicle (EV) charging solutions</u> on-the-go and for fleets. We’re rolling out fast and convenient charge points at bp retail sites, dedicated charging hubs and at key destinations. Our main markets are the UK, Germany, China and the US, with more to come including Spain and Australia. The bp pulse fleet team is delivering software-based solutions to our global partners, supporting fleets’ transition to EVs. * Fuel supply & midstream ** "Moving the products that keep our customers moving" – by pipeline or truck, rail or ship. We <u>safely deliver energy</u> to where it is needed, while developing low carbon biofuels for the future. === <ref>https://www.bp.com/en/global/corporate/who-we-are/our-transformation.html</ref>Recent Projects === * <u>2021</u> [https://www.bp.com/en_gb/united-kingdom/home/where-we-operate/reimagining-teesside/hygreenteesside.html Green hydrogen project in Teesside, UK]: This project will produce green hydrogen from renewable energy sources, such as wind and solar. The hydrogen will be used to power buses, trucks, and other vehicles. * <u>2021-22</u> [https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-and-equinor-form-strategic-partnership-to-develop-offshore-wind-energy-in-us.html Offshore wind projects in the US East Coast]: BP is partnering with Equinor to develop four offshore wind assets in two leases off the US East Coast. These projects have the potential to power 2 million homes. * <u>2022</u> [https://www.bp.com/en_gb/united-kingdom/home/were-backing-britain/carbon-capture-storage.html Northern Endurance Partnership (NEP)]: This project will transport CO2 from the Humber and Teesside regions of the UK to a storage site in the North Sea. The project is expected to reduce CO2 emissions by 10 million tonnes per year. * <u>2022</u> [https://www.bp.com/en/global/corporate/who-we-are/our-transformation.html#:~:text=bp%20is%20teaming%20up%20with,to%20power%202%20million%20homes.&text=Northern%20Endurance%20Partnership%20(NEP).,storage%20in%20the%20North%20Sea. Partnership with Indian digital services leader]: BP has partnered with the Indian digital services leader to drive integrated energy offers to reduce emissions at campuses and cities. The partnership will focus on developing digital solutions to improve energy efficiency and reduce emissions. * <u>2023</u> [https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-and-amazon-deepen-their-successful-relationship.html Agreement to increase renewable power supply to Amazon in Europe]: BP has agreed to increase the renewable power it will supply Amazon in Europe. The agreement will help Amazon meet its goal of being net-zero carbon by 2040. In addition to these projects, BP is also investing in research and development of new technologies, such as carbon capture and storage. The company is also working to improve its safety culture and reduce its environmental impact. [https://www.bp.com/en/global/corporate/who-we-are/our-transformation.html other projects]
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