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.
+30 vs industry average
Bp’s score of 45 is higher than 75% 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 16% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bp's reported carbon emissions
BP, headquartered in GB and operating in Crude Petroleum Extraction, has reported significant carbon emissions. For 2025, BP's Scope 1 emissions were approximately 33,700,000,000 kg CO2e, and Scope 2 emissions were about 700,000,000 kg CO2e (market-based). In 2024, Scope 1 emissions were around 32,800,000,000 kg CO2e, with Scope 2 at approximately 800,000,000 kg CO2e (market-based). Emissions for 2023 stood at approximately 31,100,000,000 kg CO2e for Scope 1 and 1,000,000,000 kg CO2e for Scope 2 (market-based).
BP has established ambitious climate commitments. The company aims for net zero operations on an absolute basis by 2050 or sooner. To support this, BP targets a 50% reduction in Scope 1 and 2 operational emissions by 2030, compared to a 2019 baseline. For Scope 3 emissions, BP aims for a 10-15% reduction by 2025 and a 20-30% reduction by 2030, also against the 2019 baseline. Additionally, BP aims for near-zero methane intensity by the end of 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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