BP PLC

Our ambition remains to be a net zero company

by 2050 or sooner, and to help the world get to

net zero.

We have retired some of our previous net zero

aims and arefocusing our aims on the two areas

that we believe are most relevant to our long-

term success and to achieving our overall net

zero ambition. These are: net zero operationsc

and net zero sales. Both of these aims make

explicit what is needed to enable their delivery –

and the delivery of the associated interim targets

and aims. Our future business and investment

decisions, intended to facilitate delivery of our

strategy and investor proposition, will also affect

the outcomes for these aims.

We believe our net zero ambition and aims, taken

a On a CO 2 e basis.

b At our new in-scope bp-operated projects and major operating sites.

c This aim is a combination of bp’s previous net zero aims (‘aim 1’ and‘aim 4’).

d Due to rounding some totals may not equal the sum of their component parts. This does not affect the underlying values.

together, are consistent with the goals of the

Paris Agreement.

By setting a path that enables us to make a

positive contribution, working tobuild out and

participate in many of the new energy value

chains the world will need, our ambition and aims

support the world’sprogress towards the Paris

Agreement.

We provide updates on some retired net zero

aims as follows: net zero production« page 39,

investment in transition page 39, advocacy page