Our view

At BP's 1Q24 results, CEO Murray Achinoless faced questions on the company’s ability to meet its FY25 Transition Growth Engines EBITDA of $3-4bn. This is just one example of the pressure on BP to deliver value from its low-carbon business.

Our analysis finds that BP’s EBITDA goals are achievable but require sustained focus on investing low-carbon despite distractions to pursue oil and gas.

Key findings