British Petroleum has a rich history, and it is still growing and going strong in the 21st century. In 1908, this Anglo-Persian Oil Company was founded by William Knox D’Arcy to discover oil in Iran. However, later in 1935, this company turned into an Anglo-Iranian company and changed its name to British Petroleum or BP. The company has over 45,000 global suppliers that span across 60 countries.
BP Mission Statement
British Petroleum mission statement is “Our purpose is reimagining energy for people and our planet. We want to help the world reach net zero and improve people’s lives”
The BP Company was founded to uncover oil discoveries in different parts of the world. However, as time passed, the BP mission statement changed. Today, the purpose of the BP Company is to ensure that people from all over the world are leading decent and improved lifestyles. The company is making massive progress in redirecting the available energy of the planet in the most efficient way possible.
- The BP Company is quite keen to ensure that the carbon emissions from their endeavors become as low as possible. For this, they are looking for new ways that require low carbon emission for the same results.
- Moreover, the BP Company is also looking forward to making commendable progress towards Paris and becoming one of the pioneers in the transparency of conducting such business modules.
- The main goal of BP is to be a company with a vital purpose, and as of now, they seek value and trust in society. This ensures that everyone, a customer, or shareholder at BP is motivated and feels secure about their choice.
- The BP Company has also invested heavily in expertise to ensure experienced professionals carry out the designated tasks.
BP Vision Statement
British Petroleum vision statement is “Reimagining Energy”. It also states that “Our ambition is to be a net-zero company by 2050 or sooner. And to help the world get to net-zero.”
The company’s new strategy is to be a different energy company by 2030 and invest in low carbon and reducing emissions. It is moving towards #BPNetZero ambition. The company aims at decarbonizing and diversifying by getting into renewables, biofuels, and hydrogen. Over a period of time, their focus on oil and gas will reduce.
BP Core Values
BP core values are Safety (of workforce and people), Respect, Excellence, Courage, and One Team. These five values drive the company, its people, and its philosophy on innovation and purpose. The core values of BP Company move along hand in hand with the BP mission and vision statements.
BP mission and vision statements focus on the company’s desire to be different by reimagining energy. The company plans to cut oil and gas production by 40%. They are planning on building 70,000 electric vehicle charging points. The profits generated by hydrocarbons will be directed towards low electricity and energy and enhancing customer convenience and mobility. It believes that everyone has a right to access clean energy sources, now more than ever.