BP · Physical Exposure and Transition
Portfolio overview
60 sites · 21 countriesLocations
Dependant transition pathways
Methane abatement technology
Scope 1Vented + fugitive methane is the biggest cheap-to-cut S1 lever for upstream operations. Detection and capture tech availability sets the pace.
Source: Global Methane Pledge (75% by 2030 for O&G)
Sector-generic framing shown above — company-specific exposure narrative pending.
Carbon Capture, Utilisation & Storage (CCUS)
Scope 1 abatement + post-combustion S3 cat 11Material residual emissions in the IEA NZE scenario assume large-scale CCUS deployment. Without it, upstream + refining carbon intensity floor is much higher.
Source: IEA NZE — 7.6 GtCO2/yr captured by 2050
Sector-generic framing shown above — company-specific exposure narrative pending.
Hydrogen & e-fuels (low-carbon)
Scope 1 substitution + product transitionRefining migration to low-carbon feedstocks (green/blue H₂, e-methanol) determines whether the firm's product slate decarbonises or stays locked in. Sets the upper bound on residual-product Scope 3 cat 11.
Sector-generic framing shown above — company-specific exposure narrative pending.
Mining & critical minerals
Scope 3 · cat 1Refining catalysts (Pt, Pd, Mo, Ni), pipeline steel, drilling-rig componentry. Mining-sector decarbonisation pace caps embodied-emissions in capex + opex consumables.
Source: ICMM Climate Change Position, SBTi Mining (in development)
Sector-generic framing shown above — company-specific exposure narrative pending.