At BP, we carry a well-diversed portfolios that is balanced across businesses, resource types and geographies. Having upstream and downstream businesses, along with well-established trading capabilities, helps to mitigate the impact of lower oil and gas prices. Our geographic reach gives us access to growing markets and new resources, as well as diversifying exposure to geopolitical events.
BP has the largest operated renewables business among our oil and gas peers. BP operates the biofuels business in Brazil, by using one of the world’s most sustainable and advantaged feedstocks to produce both low carbon ethanol and low carbon power. We provide renewable power through our significant interests in onshore wind energy in the US. Here at BP, we develop and deploy technology in our wind business to drive efficiency and capacity.