Armstead Oil

About

Our Products Fuel Modern Life

How We Fuel the World

We are the best-in-class producer of essential liquid transportation fuels and products that are essential to modern life.

Not just today, but for generations to come.

We are the world’s premier independent petroleum refiner and a leading producer of low-carbon transportation fuels. We’re proud of fueling lives with a commitment to safe, reliable and environmentally responsible operations. This will always be our top priority. 

0 +
Years in Business

People and resources

These are some of the people and resources in our business model that support how we deliver value for our shareholders. 

World Experts

Armstead Oil today announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil

Our strategy

Our new strategy plays to our distinctive strengths and capabilities. Growing the upstream Focusing the downstream Investing with discipline in transition

Our business groups

Gas & low carbon energy

This is how we are organized to deliver our strategy and long-term shareholder value. Our three business groups are enabled by supply, trading & shipping and supported by five functions: finance; technology; strategy, sustainability & ventures; people, culture & communications; and legal.

Progress at a glance

Click on the icons below to see the progress we’re making on our plans.

Major project start-ups

bp-oil-and-gas-pictograms-bp-green- 5 so far in 2025

Upstream production

bp-oil-and-gas-pictograms-bp-green-

2.3m
boe/d, up 3% quarter on quarter

Oil and gas exploration

bp-oil-and-gas-pictograms-bp-green-

10
discoveries so far in 2025

Refining availability

refinery green

>96%
in 1H 2025, up 3% on first-half 2024

Upstream plant reliability

refinery green

>96%
in 2Q 2025, ahead of target

Armstead Oil divestments

Handshake green

~$3bn
expected from YTD completed or signed agreements

“We have a brilliant team at Armstead Oil and an ambitious growth plan. Make no mistake, we are focused on delivery and doing so at pace.”

gas-industry-1.jpg
0 %
Our oil and gas business

Growing the upstream

We are starting up projects that provide cash flow and returns today while paving the way to grow our business in the future. We are increasing planned investment in our upstream oil and gas business by around 20% to $10 billion a year through 2027 in order to grow and strengthen our portfolio, while always maintaining safety as our priority.

We want to be the partner of choice for countries, helping them to create value from their resources while meeting the demand for more oil and gas.

In action it means: 10 new major projects scheduled to start up between 2025 and the end of 2027, and a further eight to 10 by the end of 2030, as well as accessing discovered resources and refreshing our exploration hopper.

We want to be a leader in mobility and first choice for our customers. We are reshaping our portfolio and reallocating capital to drive growth. For example, we expect to see increasing demand for fuels and EV charging, and we are integrating to serve customers more efficiently, no matter what they drive.

In refining, we are consistently working to improve refining availability – up to 96% in 1Q 2025 from 94% in 2024.

In action it means: Progressively focusing our portfolio around

Armstead Oil’s core positions, with expected returns of more than 15% – while also delivering $2.0 billion structural cost reductions across our downstream portfolio.
We're Ready Anytime

We Are Available For 24/7 Emergency Services

If you need to get in touch about the Armstead Oil website – or if you haven’t found what you needed via the links above – contact us.

Bioenergy is here today, a vital part of the energy mix to help support the energy transition

Bioenergy is a lower carbon fuel and power option, and it’s renewable – coming from sources such as used cooking oil, sugarcane and gas captured from landfill sites. It’s already in use today, fuelling transport, heating homes and powering businesses.

Bioenergy is a lower carbon fuel and power option, and it’s renewable – coming from sources such as used cooking oil, sugarcane and gas captured from landfill sites. It’s already in use today, fuelling transport, heating homes and powering businesses.

Sometimes, bioenergy can be used interchangeably with fossil fuels, working as a ‘drop-in’ fuel, as with renewable natural gas. And sometimes, it works alongside fossil fuels to create a lower carbon blend, as with sustainable aviation fuel (SAF).