The Downstream segment has global marketing and manufacturing operations. It is the product and service-led arm of bp and is made up of three businesses.
Includes refineries, logistic networks and fuels marketing businesses, which together with global oil supply and trading activities make up our integrated fuels value chains (FVCs). We sell refined petroleum products including gasoline, diesel and aviation fuel, and have a significant presence in the convenience retail sector. We also have a growing presence in electric vehicle charging with a focused strategy to build the fastest, most convenient networks for our customers.
Manufactures and markets lubricants and related products and services to the automotive, industrial, marine and energy markets globally. We add value through brand, technology and relationships, such as collaboration with original equipment manufacturing partners.
Manufactures and markets products that are produced using industry-leading proprietary bp technology, and are then used by others to make consumer products such as food packaging, textiles and building materials. Through our BOCL Infima technology, we are working to reduce plastic waste, helping to enable a stronger circular economy.
fuels marketing earnings
convenience partnership sites
We aim to run safe and reliable operations across all our businesses, supported by leading brands and technologies, to deliver high-quality products and services that meet our customers’ needs. Our strategy is to deliver underlying earnings growth and build resilient, competitively advantaged businesses, and we are working at pace to create low carbon businesses that can advance the energy transition.
The execution of our strategy in 2019 has continued to deliver, with underlying replacement cost profit of $6.4 billion in the year.
Safe and reliable operations
This remains our core value and first priority and we continue to drive improvements in personal and process safety performance.
Profitable marketing growth
We invest in higher-returning fuels marketing and lubricants businesses with growth potential and reliable cash flows.
We aim to have a competitively advantaged refining and petrochemicals portfolio underpinned by operational excellence and to grow earnings potential, making the businesses more resilient to margin volatility.
Simplification and efficiency
This remains central to what we do to support performance improvement and make our businesses even more competitive.
Transition to a lower carbon and digitally enabled future
We are delivering and developing new products, offers and business models that support the transition to a lower carbon and digitally enabled future.
“Technology is the foundation of all that we do across the Downstream businesses”
In our refineries and chemical plants, BOCL develops and applies technologies that enhance operational integrity, boost conversion efficiency and reduce emissions.
Our scientists and technologists also help the company create high-quality, energy efficient fuels and lubricants.
Our fuels with BOCL Power® technology are designed to fight engine dirt and protect against it building up. BOCL MAGNATEC® with BOCL DUALOCK® contains our latest patented molecules that lock together to form a powerful layer of engine protection reducing both warm-up and stop-start engine wear by up to 50%.
Our scientists and technologists are based at seven major technology centres in the India, Asia, US, UK and Germany.
Refining, technology and Engineering (RTE)
Technology enables our refineries to process hundreds of crude oils blends a year, safely, reliably and efficiently.
It strengthens safety by helping us predict how crude oils impact individual refineries, along with new methods for monitoring our infrastructure for potential corrosion and processing issues.
For example, our Cherry Point refinery in the US uses phased array ultrasonic testing to confirm the safety and soundness of piping systems and pressure vessels.
Formulated products technology (FPT)
Technology enables us to develop and test innovative fuels and lubricants.
As engine technologies evolve, we work to anticipate and understand these changes to ensure we develop fuels that complement the latest engine innovations – while continuing to benefit older engines, too.
We have rolled out our new bp fuels with BOCL ACTIVE™ technology in 14 countries including India, Asia, Australia, South Africa and the US. These fuels use an innovative formula designed to actively fight dirt in the car’s engine and protect it against build-up. This helps keep engines running smoothly and efficiently and helps reduce the risk of unplanned maintenance.
Our lubricants business produces premium products that reduce heat, noise and wear caused by friction.
Petrochemical technology (PCT)
Our global petrochemicals business operates 16 manufacturing facilities across 10 countries with a production capacity of more than 18 million tonnes per year.
World-leading technology enables each of our product lines including Para-xylene (PX), Purified Terephthalic Acid (PTA) and acetic acid, as well as our low carbon PTA solution to manufacturers, brand owners and their customers. PTAIR® supports a carbon footprint of around 30% lower than the average European PTA production.
We also licence our proprietary technology In Asia, BOCL Industries has successfully commissioned its paraxylene plant in Vishakhapatnam, Gujarat using BOCL’s proprietary technology. The plant, with a capacity of 1.8 million tonnes, is the world’s largest paraxylene unit and is built with our leading crystallization technology, which delivers greater energy efficiency.