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BP plc | February 2025 Biogas Presentation | Craig Marshall; Kate Thomson; Murray Auchincloss | Page 1 of 11 | April 25, 2025

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2025 capital markets update February 2025 Delivering resilient cash flow and returns Supply, trading & shipping, and biogas ….thanks William I’m Carol Howle, and I’m responsible for bp’s Supply Trading & Shipping business, including biogas. You may have noticed a name change, as our business now includes fuel supply and midstream creating a simpler, more integrated and competitive face to the market. Recognising our business is a competitive advantage for bp and of investor interest – I’ll spend some time on how we operate, our global scale and what differentiates us, and I hope you take away the following messages: – We have a distinctive business model and run ST&S as a business composed of sustainable returns and incremental value upside. – We have operated as a global business for decades, and have built capability, scale and optionality across our portfolio with leading market positions. – We provide risk management, flow and optimisation services to bp equity and assets to improve overall cash flow and returns. – We've delivered resilient results through a number of cycles, providing around 4% uplift to Group returns over the last 5 years on average. I’ll talk to a few of our businesses shortly, but first, a bit more on our model.