Investors
Our strategy builds on bp’s distinct strengths and competitive advantages as an integrated energy company bp is pursuing its strategy to become an integrated energy company delivering solutions to customers
4Q 2024 results
bp’s operating cash flow for 2024 was $27.3 billion, we raised the dividend by 10% and delivered $7 billion in share buybacks – and we have announced a further $1.75 billion in buybacks
In 2024 we laid the foundations for growth. We have been reshaping our portfolio - sanctioning new major projects, and focusing our low-carbon investment - and we have made strong progress in reducing costs. Building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance, all in service of growing cash flow and returns. It will be a new direction for bp and we look forward to sharing it at our Capital Markets Update on 26 February.
Murray Auchincloss,chief executive officer
Murray Auchincloss,chief executive officer
bp 2025 capital markets update
bp’s capital markets update presentation took place on Wednesday 26 February. The presentation was hosted by chief executive officer, Murray Auchincloss; chief financial officer, Kate Thomson; and members of the leadership team.
Why invest in bp
Our strategy will see bp grow its upstream oil and gas business, focus its downstream business, and invest with increasing discipline into the transition. It builds on bp’s distinct strengths and competitive advantages as an integrated energy company – with a world-class portfolio with top tier oil and gas businesses in attractive basins and leading integrated positions and brands across value chains, all underpinned by trading, technology and partnerships.