bp has two main business segments – upstream and downstream. These work closely with supply, trading & shipping, and technology supports all areas.
Upstream
We find, develop and produce oil and gas resources worldwide.
Our portfolio includes offshore and onshore operations in Europe, the Americas and the Caribbean, Asia Pacific, South Asia, Africa, the Middle East and the Caspian Sea.
It also includes Archaea, the largest renewable natural gas producer in the US.
Downstream
We make, move and sell products to drivers, fleets and airlines around the world. Downstream brings together refining, terminals and pipelines, along with mobility and convenience, biofuels, aviation, and Castrol.
Our sites across countries in Europe, the Americas, South Africa, the Middle East, and Asia Pacific help keep people and goods moving.
Supply, trading & shipping (ST&S)
We trade around 4 billion barrels of crude oil and 5 billion barrels of refined products each year, serving more than 13,000 customers in over 140 countries. Using ships, pipelines and long-standing partnerships, we help customers get the energy and products they need — from oil, gas, LNG and power to bioenergy, renewable power and carbon credits.
Technology
We work across bp’s businesses, driving innovation and supporting safety and efficiency in day to day operations. Our teams help improve how energy is produced today, while developing the fuels, tools and capabilities needed for the future.
In addition, three teams support our delivery: finance, legal, and people, culture & communications.
Note: Reportable segments for external financial reporting under International Financial Reporting Standards will remain OP&O, GLCE and C&P until 31 December 2026 as the financial reporting aspects of the new segment model will take time to implement. The new model for external reporting purposes will take effect from the financial year beginning 1 January 2027. Further details will be provided in due course. Read the press release.
