In 2024, BP completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, BP has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 32,800,000a | 31,100,000a | 30,400,000a | |
Total Scope 2 | ||||
Market-Based | 800,000a | 1,000,000a | 1,400,000a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | N/A | 314,900,000b | 306,700,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 173.3753a | 148.0036a | 125.9362a |
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In 2024, the total operational greenhouse gas (GHG) emissions of BP amounted to 33,600,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of BP increased by 4.67%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of BP were 32,800,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, BP's Scope 1 emissions have decreased by 33.33%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), BP's Scope 1 emissions increased by 5.47%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, BP reported Scope 2 greenhouse gas (GHG) emissions of 800,000 tCO₂e using the market-based method.a
Since 2019, BP's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 84.62%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), BP's Scope 2 emissions (Market-Based) fell by 20% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, BP reported its Scope 2 emissions using the market-based method.a
In 2024, BP reported Scope 1 greenhouse gas (GHG) emissions of 32,800,000 tCO₂e and total revenues of USD 189,185 millions. This translates into an emissions intensity of 173.38 tCO₂e per millions USD.a
In 2024, BP reported a Scope 1 emissions intensity of 173.38 tCO₂e per millions USD. Compared to the peer group median of 330.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, BP ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
BP is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a