BP PLC

We take a portfolio view of our project

improvement activities at individual sites.

This allows us to prioritize the most

effective projects, supporting energy

efficiency, reduced carbon emissions, and

lower costs.

During 2025 we completed energy

efficiency reviews across four production

regions: the North Sea, Oman, Egypt and

Asia Pacific. Our refining business also

completed the energy efficiency

programme launch in 2024. Additional

reviews were carried out at the Cherry

Point (US), Castellón (Spain) and

Gelsenkirchen (Germany) refineries. The

opportunities identified through these

reviews will be progressed through our

established business processes and plans

that support our net zero ambition.

In 2025 a total of 14 new emissions

reduction projects and actions

contributed to reductions of 0.27 MtCO 2 e,

including low carbon energy consumption

projects. This is in addition to the 27

emissions reduction projects delivered in

2024, which achieved a reduction of

0.42MtCO 2 e. These projects are tracked

based on GHG reductions and include

energy efficiency improvements.

Archaea Energy purchased renewable

energy certificates (RECs) equivalent to

125ktCO 2 e in emissions savings on a

market basis.

A further 144ktCO 2 e of emissions

reductions were achieved through energy

efficiency improvements in production

processes and flaring optimization

projects during 2025. These included:

•Three projects at our Tangguh facility

delivering 45ktCO 2 e in reductions,

including flare purge rate

rationalization and boil-off gas flaring

minimalization.

•A power synchronization project

between two platforms in Trinidad and

Tobago which reduced spinning

reserve through an electrical tie-over

enabling load sharing, delivering

14ktCO 2 e reductions.

•Ongoing programmes at bpx energy

including replacement of natural-gas

driven pneumatic controllers,

installation of solar air compressors,

electrification measures and

reductions in fugitive emissions,

delivering 80ktCO 2 e.

In addition, our Castellón, Rotterdam

(Netherlands), and Whiting (US) refineries

have implemented further actions to drive

energy efficiency and reduce carbon

emissions, including steam trap repair

and replacement programmes. At Cherry

Point the restoration of cooling water

infrastructure improved reliability in

meeting refinery needs and enhanced the

efficiency of compressor operations.

As part of managing energy efficiency, we

take a portfolio-wide approach to

assessing and prioritizing spinning

reserve reduction opportunities. Spinning

reserve involves running additional power

generation machines to provide an excess

of energy supply. This can help to protect

production from plant vulnerabilities,

including power generation reliability.

Reducing spinning reserve can increase

exposure to power fluctuations for

production. We take a risk-based

approach when considering reducing the

number of running machines. This

allows bp to realise emissions and

maintenance cost reductions from fewer

running machines, while managing the

associated production risk.

bp is involved in several external groups

working on energy efficiency, including

the Oil & Gas Climate Initiative (OGCI), the

International Association of Oil & Gas

Producers (IOGP) and Energy Star. We

continue to run an annual training course

for new chemical engineers, which

includes energy efficiency upskilling, and

we offer GHG emissions and energy

efficiency training for more experienced

engineers and practitioners.