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

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.

Continue your journey on bp.com

Worker wearing protective uniform at Rotterdam refinery

The board and leadership team

An image of the shareholders engaging at the AGM

Annual General Meeting

Three workers wearing red overalls and helmets at Block 61 Khazzan gas field in Oman