In both our scenarios, harder-to-extract oil – from the deep ocean, remote areas such as the Arctic, and from oil sands – is needed to fill the supply gap that opens up around 2015.
Cleaner fuel for power
In both our scenarios, by 2050 the world will be using at least three times more electricity than today. Our strategy is not to become a big power producer or to enter the coal business.
Sustainable transport
As one of the largest providers of transport fuels, we are committed to: helping drivers use less energy and reduce emissions with advanced fuels and lubricants; leading the search for better biofuels; and promoting government policies to reduce CO2 emissions from transport.
Winning business with cleaner products
Turning oil into cleaner, lower-CO2 products is another important part of building a responsible energy future and of our strategy.
