Apr 29, 2025 / 12:00PM GMT
Craig Marshall - BP PLC - Senior Vice President and Head of Investor Relations
Welcome, everybody, to bp's first-quarter 2025 results call. We'll be focusing today's call on the first-quarter performance and the contents of the video that I hope many of you will have seen by now.
Let me first, though, hand over to Murray for a few brief opening remarks.
Murray Auchincloss - BP PLC - Chief Executive Officer, Executive Director
Thanks, Craig.
Today marks the first quarter since we laid out a reset strategy, and we are delivering on our priorities at pace. We delivered strong operational performance in 1Q with over 96% refining availability and more than 95% upstream plant reliability, supporting record operating efficiency. In upstream, we have successfully started up three major projects: Cypre in Trinidad, Raven Infill in Egypt, and GTA in Mauritania and Senegal. That adds 100 mbd of capacity on our target of 250 mbd by 2027.
We made six exploration discoveries, including in the Gulf of America, Trinidad, Egypt, and a significant
Q1 2025 BP PLC Earnings Call Transcript
Apr 29, 2025
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