BP plc

Integrated Oil & Gas

$ 35 (1.3)%

Share price

$ 99 bn

Market Cap

$ 633 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.5x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2023

BP plc aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

In line with the +NaN% weighted average for S&P 500

FY2023

BP plc aims to reduce Scope 3 by 30% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

BP plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 31,900 Kt (-3,700 /-10.4% y-o-y). Also positively, carbon intensity tumbled to 226 t (-204 /-47.5% y-o-y).

BP plc's Scope 3 emissions was up at 306,700 Kt (+3,100/+1% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -588 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -6,759 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	31,900	30,400	1,500	306,700
2021Q4	35,600	33,200	2,400	303,600	157,739	226
2020Q4	45,500	41,700	3,800	327,600	105,944	430
2019Q4	54,400	49,200	5,200	360,900	278,397	195
2018Q4	54,200	48,800	5,400		298,756	181
2017Q4	56,600	50,500	6,100		240,208	236
2016Q4	57,600	51,400	6,200		183,008	315
2015Q4	58,200	51,200	7,000		222,894	261
2014Q4	61,600	54,100	7,500		353,568	174