BP’s New CEO Aims to Achieve Net-Zero Emissions by 2050

Feb.12 — BP Plc’s incoming Chief Executive Officer Bernard Looney pledged to achieve net-zero emissions from the company’s own oil and gas operations and production by 2050. Bloomberg’s John Fraher reports on “Bloomberg Surveillance.”


In This Story: BP

BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.

Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))

BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.

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