Our business model

We believe we have a world-class portfolio – a top-tier oil and gas business in attractive basins, and leading integrated positions and brands across the value chain. All underpinned by distinctive capabilities in trading, technology and partnerships

People and resources

These are some of the people and resources in our business model that support how we deliver value for our shareholders.

(as at 31 December 2025)

See our purpose and strategy page for more information.

~11,300

engineers

93,700

employees

$14.5bn

capital expenditure

$274m

invested in research and development

2,958

granted and pending patent applications held by bp and its subsidiaries

6,191mmboe

Proved hydrocarbon reserves for the groupᵃ

>110 years

in energy

Our organization

We have three main businesses – gas & low carbon energy, production & operations, and customers & products – enabled by supply, trading & shipping and technology.

And three teams serve as enablers of business delivery: finance; legal; and people, culture & communications.

Gas & low carbon energy

Combining and integrating our existing natural gas capabilities with power trading and growth in low carbon businesses and markets.

Production & operations

The operational heart of bp, producing the hydrocarbon energy and products the world wants and needs – safely and efficiently.

Customers & products

Innovating with new business models and service platforms to deliver the future of mobility, energy and services for our customers.

Delivering value for our stakeholders

$5.1bn

total dividends distributed to bp shareholders

66%

employee engagement score

$64m

supporting additional initiatives to benefit communities

1,113mb/d

Customer retail fuel volumes.

$8.3bn

corporate income tax and production tax paid

$142.5bn

in payments to suppliers for goods and services

a On a combined basis of subsidiaries and equity-accounted entities.

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Worker wearing protective uniform at Rotterdam refinery