3Q24 results saw BP confirm it will provide an update on its medium-term plans in February 2025, and in the investor call said it would “obviously” update its financial targets and aims.

Accela reviews the 2025 engagement priorities and 2Q 2024 results transition performance, all in one easy-to-read document.

2Q24 results indicate BP is at a crossroads, facing a choice between advancing its transition plans and providing short-term shareholder returns.

BP leads peers on its ambition for low-carbon EBITDA - can it deliver?

4Q23 results provided a first look at Murray Auchincloss’ vision as BP’s new CEO. Auchincloss’ emphasised a ‘simplified’ strategy after a period of ‘generating options’ under previous leadership.

BP had a tougher quarter with 3Q23 underlying profit of $3.3bn post-tax, down -60% on historic 3Q22 highs, driven by gas trading.

Despite lower earnings, BP’s distribution at 3x transition capex.