BP Plc - Digital Transformation Strategies

BP Plc - Digital Transformation Strategies

Summary

BP Plc (BP) is an integrated oil and gas company that produces fuel, energy, lubricants, and petrochemicals. The company’s upstream activities include exploration, development and production of oil and natural gas, as well as field development and production. Its midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), and natural gas liquids (NGLs), and its downstream operations include refining, manufacturing, marketing, transportation, supply, and trading of crude oil, petroleum, and petrochemical products. The company has operational presence in Europe, North and South America, Australasia, Asia, and Africa. The company plans to transform itself from an international oil company to an integrated energy company.

The report provides information and insights into BP's tech activities, including -

  • Insights of its digital transformation strategies and innovation programs
  • Overview of technology initiatives covering partnerships, product launches and acquisitions
  • Insights on each technology initiative including technology theme, objective, and benefits
  • Details of estimated ICT budgets and major ICT contracts
Scope
  • BP established an ‘innovation & engineering’ arm to drive digital innovations across its business operations. The center focuses on applying emerging technologies to improve infrastructure and operations and protect its systems and assets from digital threats and cybercrime.
  • BP is applying AI-driven tools to improve its upstream operations (the process involving searching for potential natural gas and crude oil fields, drilling exploratory wells, and operating the wells) across the world.
  • BP is also utilizing IoT sensors to continuously monitor the functioning of substations powering its ultra-fast charging stations at select gas stations and take preventive maintenance operations if required.
  • BP’s I&E arm focuses on developing innovative digital products & solutions that enable the organization and its customers to quickly shift to zero-emission energy sources.
Reasons to Buy
  • Gain insights into BP's tech operations.
  • Gain insights into its tech strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into various product launches, partnerships and acquisition strategies.


Overview
Digital Transformation Strategy
Technology Centers Innovation Programs
Technology Focus
Technology Initiatives
Venture Arm
Investments
Acquisitions
Partnership, Acq

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