BP - Creating new value from convergence

David Gilmour, Vice President, Business Development, BP - Creating new value from convergence All oil companies face a dual challenge – deliver the world’s growing demand for energy and cut emissions. Growth in supply of hydrocarbons is required both to build economies and to underpin electrification, a global megatrend that may appear to disrupt incumbents like BP. But the convergence of electrification with other trends, like convenience, autonomy and the sharing economy, also creates opportunities for companies like BP. And we are taking both an outside-in and inside-out approach to create some advantage. BP Ventures is investing in high growth, disruptive start-ups, like StoreDot, FlyVictor and Drover that may one day play a key role in BP’s future. We are also spinning out innovation, like Nexcel, into the market to create new value, as well as play a role in building the circular economy. While the future of mobility may not yet be clear, it will include BP.

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