Research on the Transformation Path of BP under the Dual-carbon Background

Abstract

Nowadays, the oil and gas industry is facing a huge financial challenge, because it has been hit by the double blow of the COVID-19 pandemic and low oil prices. This, coupled with the global consensus on low-carbon energy, forces BP to seek a balance between oil business and low-carbon, sustainable development, and began to look for new value growth points to accelerate the pace of low-carbon transformation.