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BP plc
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Q4 and FY 2024 Earnings Presentation
| Craig Marshall; Kate Thomson; Murray Auchincloss | Page 5 of 11 |
April 29, 2024
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"Q4 and FY 2024 Earnings Presentation"
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4Q 2023 financial results 5 Hello everyone, thanks for joining today. We’ve done this before… …but it is the first set of results where I have the privilege to talk to you as CEO of bp. This is a great company with great people. And it’s an honour to lead it. Our destination is unchanged. IOC to IEC. International oil company to integrated energy company. We’re confident in our strategy to deliver this – but are going to do so as a simpler, more focused and higher value company... ...providing energy solutions for our customers who are asking us to help, contributing to the energy transition - all the while remaining pragmatic and adapting in line with demand – as you saw with the update to our strategy this time a year ago. So, what does it practically mean to transition from IOC to IEC? Over 100 years ago we started to create our first value chain – oil fields, attached to refineries, with products sold in service stations and airports. We’re now introducing biofuels – sustainable aviation fuel and biodiesel - to the customer. At the same time, we’re lowering the carbon footprint of our plants by using lower carbon