In the second quarter of 2024, bp announced a profit of $2.8 billion, slightly higher than the previous quarter, with a particular focus on gas and low carbon energy, including LNG. The company is on track to achieve its goal of delivering 25 million tonnes per annum (Mtpa) of LNG by 2025 and 30 Mtpa by 2030. Significant milestones include the arrival of the FPSO vessel for the GTA Phase 1 LNG project and long-term supply agreements with companies like Kogas and OMV. One of the key developments is the Castellon refinery project in Spain, aimed at industrial-scale green hydrogen production. Additionally, bp is involved in the HyVal initiative in Valencia to develop up to 2GW of electrolysis capacity by 2030. The company is also narrowing down potential hydrogen and CCUS investments to drive sustainable growth. In the green hydrogen sector, projects like the 100MW plant in Lingen, Germany, and the acquisition of a stake in the Hyport project in Oman are underway. The restructuring of ownership in Trinidad and Tobago's LNG partnership with Shell signifies a strategic shift in the company's portfolio. On the bioenergy front, bp is expanding its biofuels capacity and forming alliances with companies like Worley. CEO Auchincloss highlighted a target of $500 million in cost savings by 2025 and expressed a commitment to seeking new opportunities while focusing on hydrogen and CCUS initiatives.