BP p.l.c.
BP
Energy
4
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
BP is one of the world's largest integrated oil and gas companies, with significant midstream operations spanning LNG trading, pipeline transportation, and gas marketing. In 2024, BP produced 1.2 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. Its Greater Tortue Ahmeyim Phase 1 LNG project shipped its first cargo in April 2025, with capacity of 2.4 million tonnes per annum and over 380 kilometers of deepwater pipeline. BP started seven major new projects in 2025 targeting combined peak production of over 150,000 boe/d, aiming for 2.3 to 2.5 million boe/d by 2030. BP also held a 12 percent stake in the Trans-Anatolian Natural Gas Pipeline (TANAP), sold in 2025 for $1 billion.
BP plc is one of the world's largest integrated oil and gas companies, operating refineries with a combined capacity of 1.6 million barrels per day across multiple continents. Per BP's 2025 annual report, the company achieved record refinery availability of 96.3% and delivered approximately US$1.6 billion in cumulative structural cost reductions across 2024-2025 in its downstream operations. BP's downstream portfolio spans petroleum refining, the Castrol lubricants brand, and a global retail fuel network. The company also maintains significant trading and supply operations for crude oil and refined products. BP has a long record of environmental violations tracked by Good Jobs First's ViolationTracker.
BP p.l.c. is a vertically integrated oil and gas major whose core business is the exploration, extraction, and production of fossil fuels. In 2024, the company produced approximately 2.4 million barrels of oil equivalent per day from operations spanning 61 countries. Its upstream production activities are central to its financial performance, generating $8.9 billion in underlying replacement cost profit before interest and tax in 2024.
The company is a defendant in multiple lawsuits alleging it has purposefully delayed the transition from fossil fuels. In February 2024, the City of Chicago filed a lawsuit accusing BP of directing tortious conduct toward the city by distributing, marketing, and supplying its fossil fuel products while misleading the public about climate risks. A separate complaint filed by environmental groups with the OECD alleges BP engaged in misleading advertising campaigns regarding its environmental commitments. As of early 2026, BP reported total production of 1.555 million barrels of oil equivalent per day for the fourth quarter, indicating an ongoing, material commitment to fossil fuel extraction.
BP caused the Deepwater Horizon disaster, the worst environmental disaster in U.S. history. The 2010 blowout released approximately 4.9 million barrels of crude oil into the Gulf of Mexico over 87 days, contaminating marine and coastal ecosystems across five states. ViolationTracker documents BP penalties totaling over $34 billion across 76 records, with the largest stemming from oil spill and air pollution violations.
The pattern continues. In 2023, BP paid a record $40 million penalty for civil air pollution charges at its Indiana refinery. A separate 2024 legal action alleges excessive gas flaring at a BP site in Iraq directly caused a death from leukemia, claiming senior management decisions allowed the practice to persist.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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