BP PLC (OTCPK:BPAQF)

$ 6.385 0.275 (4.5%) Market Cap: 106.35 Bil Enterprise Value: 138.29 Bil PE Ratio: 11.97 PB Ratio: 1.56 GF Score: 76/100

BP PLC Capital Markets Day - Day 1 Transcript

Sep 14, 2020 / 12:30PM GMT

Release Date Price: $3.38

Transcript

Bernard Looney

BP p.l.c. - Group CEO & Director

Hello, everyone. I'm Bernard, and welcome to BP Week. Welcome also to those of you who are joining specifically for the launch of the Energy Outlook. Just 6 weeks ago, we launched a new strategy for BP. It is rooted in our purpose to reimagine energy for people and our planet, our ambition to become a Net Zero company by 2050 or sooner and to help the world get to Net Zero, and in our core beliefs about the energy transition.

The video you just saw captured some of the big changes we are planning by 2030: a tenfold increase in low-carbon investment to around $5 billion per year; a twentyfold increase in developed net renewable generating capacity to 50 gigawatts; a doubling of customer interactions to 20 million per day; a near tenfold increase in EV charging points to over 70,000; a 40% reduction in oil and gas production, becoming more focused, more resilient and higher value; energy partnerships with 10 to 15 major cities and 3 core industries; emissions reductions of 30% to 40% on Aims 1 and Aims 2 -- all underpinned by a resilient

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