BP is a global integrated energy company that extracts, processes, transports, and markets oil, gas, and low‑carbon products across more than 70 countries. It uses AI‑driven predictive maintenance, high‑performance computing, and digital platforms to achieve high plant reliability and optimize retail fuel inventory, while simplifying its portfolio to focus on high‑margin, lower‑carbon operations.
Funding
$1B raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Global economies face rising energy demand while needing reliable, affordable supplies and a transition toward lower‑carbon sources. Existing energy infrastructure often lacks the reliability, technological integration, and scale required to meet both current consumption and future sustainability goals.
Solution
BP operates a worldwide integrated energy business that extracts, processes, transports, and markets oil, gas, and low‑carbon energy products. The company leverages advanced digital tools, AI‑driven predictive maintenance, and high‑performance computing to maximize plant reliability (upstream reliability near 97% and downstream availability above 96%). It expands its portfolio through new upstream projects such as the GTA LNG hub, Raven Infills, and Murlach, while simplifying its downstream assets to focus on high‑margin operations. BP also offers retail services, fuel cards, and smart inventory systems that improve customer experience and reduce waste. Through these capabilities, BP delivers consistent energy supply, supports the energy transition, and generates shareholder returns.
Target Audience
BP’s primary customers include industrial and commercial energy users, retail motorists, and aviation fuel consumers, while its key partners are global suppliers, investors, and downstream retailers seeking reliable energy supply and low‑carbon solutions.
Features
- Integrated upstream, midstream, and downstream operations across 70+ countries, delivering over 2 million barrels of oil equivalent per day.
- AI‑enabled predictive maintenance and real‑time monitoring that lift plant reliability to nearly 97% and reduce unplanned downtime.
- High‑performance computing and advanced seismic imaging that accelerate exploration, enabling 12 new discoveries in 2025.
- Digital well‑trajectory optimizer (AWTO) and data analytics that cut well‑planning time from weeks to days and achieve ~90% detection of drilling “kicks.”
- Smart retail inventory platform in the UK that uses AI to forecast demand across 320 sites, cutting inventory costs by $5 million annually.
- Portfolio simplification strategy, including the sale of non‑core assets such as the Gelsenkirchen refinery, to strengthen the balance sheet.
- Comprehensive supplier portal providing real‑time invoice tracking, data management, and compliance tools for over 40,000 suppliers.