BP's Commitment to Lower Carbon Energy

BP is making significant strides towards integrating lower carbon energy solutions into the UK market, which includes the design of two hydrogen plants. The company is maintaining its operations in oil and gas while simultaneously increasing its investment in lower carbon and transition businesses, growing this investment from about 3% in 2019 to around 23% by 2023. This dual approach reflects BP's strategy of supporting an energy transition while ensuring continued energy supply from traditional sources. Such efforts highlight the importance of evolving energy practices to align with global sustainability goals.