BP plc, commonly known as BP, is a leading player in the crude petroleum extraction industry, headquartered in London, GB. Founded in 1909, the company has evolved significantly, marking key milestones such as its transition towards renewable energy solutions while maintaining a strong presence in oil and gas exploration and production.
With major operational regions spanning the North Sea, the Gulf of Mexico, and various international markets, BP focuses on extracting and refining crude oil, natural gas, and renewable energy sources. Its commitment to innovation and sustainability sets BP apart, as it aims to balance energy needs with environmental responsibility. Recognised for its extensive global reach and operational expertise, BP continues to solidify its position as a key contributor to the energy sector, driving advancements in both traditional and alternative energy solutions.
+36 vs industry average
Bp’s score of 44 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Petroleum Extraction is among the most carbon-intensive industries
Industry performance
The Crude Petroleum Extraction industry has reduced its overall emissions by 30% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bp's reported carbon emissions
BP, a prominent crude petroleum extraction company based in GB, has established ambitious climate commitments. In 2025, BP reported Scope 1 emissions of approximately 337,000,000,000 kg CO2e and Scope 2 emissions (market-based) of approximately 700,000,000 kg CO2e. The previous year, 2024, saw Scope 1 emissions at around 328,000,000,000 kg CO2e and Scope 2 (market-based) at approximately 800,000,000 kg CO2e. BP's overarching climate strategy includes a long-term ambition to achieve net-zero emissions across its entire operations by 2050 or sooner. To support this goal, the company has set near-term targets. BP aims for a 20% reduction in its Scope 1 and 2 operational emissions by the end of 2025, using the 2019 baseline. Furthermore, the company is working towards a 45-50% reduction in these emissions by the end of 2030, also against the 2019 baseline. BP also targets a reduction of 10-15% in Scope 3 emissions by 2025 and aims for a 20-30% reduction by 2030, both relative to the 2019 baseline. There is also a specific aim to reduce Scope 1 and 2 emissions to near zero by 2025.
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Bp’s Climate Goals (2030 & 2050)
13 goals2030
50% reduction in Scope 2
For Scope 1 & 2 aim for a 50% reduction by 2030 against our 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Bp
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