To transform, we innovate.

Systemic transformation can’t be achieved by luck alone. It takes courage to ask the questions others aren't. To learn and share knowledge. To break, rebuild, and reinvent what no longer serves progress. It takes passion to innovate and make an impact. To think big. To go bigger.

We are harnessing our decades of knowledge and experience in the energy sector to develop innovative technologies that support our ambition to become a net-zero business by 2050. To find out more about the interim targets and actions supporting this ambition, take a look at our Climate Transition Plan.

By fusing our deep understanding of energy systems with a strategic approach to new technologies, and collaborating with experts from across industry and academia, we're making purposeful shifts across our portfolios, building momentum to support their continued development.

30%

Between 2026 and 2030, we plan to invest around 30%* of our average annual organic capital expenditure in projects that support the transition to a lower-carbon economy, including green hydrogen, sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO), geothermal energy and renewable electricity.

*Find more information in our Transition Plan for Climate Change Mitigation here.

Licensing

We multiply the value of our cutting-edge technologies through licensing. By providing access to our innovative solutions, we support the wider employment of technologies like ReOil® beyond our own operations and empower our industry peers to develop the products and services needed to transform our industry.

Technology

Innovation is a key pillar of our strategy, and technology is the driving force behind it. We aim to be at the forefront of technological evolution, setting new industry standards to deliver tangible results.

Collaboration + Partnerships

We recognize that innovation is a collaborative endeavor. We actively seek partnerships with those who share our commitment and passion to transformation. By pooling our diverse expertise and perspectives, we generate breakthrough ideas that address today's challenges and shape tomorrow's solutions. Together, we are driving meaningful and lasting change.