BP plc · LSE:BP.
BP — Investor Presentation (July 2021)
18 slides from BP's investor presentation, July 2021
Slide 1: Global energy demand and carbon emissions
Global energy demand and carbon emissions Primary energy consumption CO2 emissions from energy use Annual change Annual change 15% 15% 10% 10% 5% 5% 0% 0% -5% -5% -10% -10% -15% -15% -20% -20% 1940 1950 1960 1970 1980 1990 2000 2010 2020 1940 1950 1960 1970 1980 1990 2000 2010 2020 bp Statistical Re
Slide 2: Global energy demand: actual versus predicted
Global energy demand: actual versus predicted Annual change 6% 4% 2% 0% -2% Primary energy consumption Predicted energy consumption -4% -6% 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 3: Growth in oil demand
Growth in oil demand Annual change 15% 10% 5% 0% -5% -10% 1940 1950 1960 1970 1980 1990 2000 2010 2020 bp Statistical Review of World Energy Source for pre-1965 data: Rϋhl C. et al (2012)1 © BP p.l.c. 2021
Slide 4: Energy demand growth in 2020
Energy demand growth in 2020 Annual change 0% -2% -4% -6% 2020 -8% Predicted -10% -12% Primary energy Oil Natural gas Coal Electricity bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 5: Oil demand by product
Oil demand by product Annual change in 2020 0% -10% -20% -30% -40% Total oil Gasoline Diesel/ Jet/kerosene Naptha/ethane/ demand gasoil LPG bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 6: Natural gas demand
Natural gas demand Annual change 8% 6% 4% 2% 0% -2% -4% 1990 1995 2000 2005 2010 2015 2020 bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 7: Electricity demand
Electricity demand Annual change 7% 6% 5% 4% 3% 2% 1% 0% -1% -2% 1990 1995 2000 2005 2010 2015 2020 Electricity demand is proxied using electricity generation and so does not take account of system losses associated with transmission and bp Statistical Review of World Energy distribution of electric
Slide 8: Power generation
Power generation Renewable power generation Share of renewables and coal in global power generation Annual change, TWh Share 400 50% Wind Solar 40% 300 Geothermal, biomass and other 30% Coal 200 Renewables 20% 100 10% 0 0% 2010 2012 2014 2016 2018 2020 2010 2012 2014 2016 2018 2020 bp Statistical Re
Slide 9: CO2 emissions from energy use
CO2 emissions from energy use Annual change 8% 6% 4% 2% 0% -2% CO 2 intensity -4% Primary energy -6% CO 2 -8% 1966 1972 1978 1984 1990 1996 2002 2008 2014 2020 bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 10: Oil market in 2020
Oil market in 2020 Change (from 10 beginning to end Oil demand and supply of phase), Mb/d 0 Demand Supply -10 -20 Mbbls 9200 Global oil stocks 8800 8400 8000 Oil prices (Brent) $/bbl 80 60 40 20 0 Dec-19 Phase Feb-201 Apr-20 Phase 2 Jun-20 Aug-20 Phase 3 Oct-20 Dec-20 bp Statistical Review (Dec ‘19
Slide 11: European natural gas imports
European natural gas imports Year-on-year change, bcm 10 0 -10 Russia pipeline imports -20 LNG imports Other imports -30 H1-2020 H2-2020 bp Statistical Review of World Energy Source: Based on data and analysis from official European TSO and regulatory authority statistics, IEA, IHS Markit. © BP p.l.
Slide 12: US LNG: operating costs and utilisation rates
US LNG: operating costs and utilisation rates $/mmBtu 10 1 2 UK NBP forward US exporters' operating costs to Europe 8 6 4 2 0 US LNG utilisation rate 100% 50% 0% Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 1 UK NBP represents the average of forward prices 2 months ahead bp Statistical Re
Slide 13: Net zero commitments
Net zero commitments Share of global carbon emissions Number of companies committed to covered by net zero pledges net zero 80% 3000 2500 60% 2000 40% 1500 1000 20% 500 0% 0 2015 2016 2017 2018 2019 2020 Q1 2019 Sep-2020 Jun-2021 2021 bp Statistical Review of World Energy Source: IEA. Source: UNFCC,
Slide 14: IEA's 2015 World Energy Outlook and carbon emissions
IEA’s 2015 World Energy Outlook and carbon emissions Gt CO2 35 Actual carbon emissions* Current Policies 34 Scenario New Policies 33 Scenario 32 450 Scenario 31 30 29 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 *For the purposes of comparison, actual carbon emissions have been rebased to
Slide 15: Energy access
Energy access Number of people without access to electricity, millions 0 200 400 600 800 1000 2015 2016 2017 2018 2019 = 20 million bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 16: Wind and solar power capacity
Wind and solar power capacity Wind capacity Solar capacity Annual change, GW Annual change, GW 140 140 China 120 120 Rest of world 100 100 80 80 60 60 40 40 20 20 0 0 2010 2012 2014 2016 2018 2020 2010 2012 2014 2016 2018 2020 bp Statistical Review of World Energy © BP p.l.c. 2021
Slide 17: Wind and solar capacity
Wind and solar capacity Wind capacity Solar capacity GW2012.5 2013.5 2014.5 2015.5 2016.5 2017.5 2018.5 2019.5 2020.5 GW2012.5 2013.5 2014.5 2015.5 2016.5 2017.5 2018.5 2019.5 2020.5 800 800 Actual 2016 Energy Outlook* 600 600 400 400 200 200 0 0 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2013 2014
Slide 18: Cost of wind and solar
Cost of wind and solar Wind cost Solar cost LCOE $(2020)/MWh LCOE $(2020)/MWh 120 120 100 100 RoW 80 80 RoW China 60 China 60 40 40 20 20 0 0 2015 cost Projected EO 2016 More Faster 2020 cost 2015 cost Projected EO 2016 More Faster 2020 cost cost costs for learning learning cost costs for learning l