BP
Q2 2022 Earnings Call
Aug 02, 2022, 2:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Craig Marshall
Good morning, everyone, and welcome to BP's second quarter 2022 results presentation. I'm here today with Bernard Looney, chief executive officer; and Murray Auchincloss, chief financial officer. Before we begin today, let me draw your attention to our cautionary statement. During today's presentation, we will make forward-looking statements, including those that refer to our estimates, plans, and expectations.
Actual results and outcomes could differ materially due to the factors we note on this slide and in our U.K. and SEC filings. Please refer to our annual report, stock exchange announcement, and SEC filings for more details. These documents are available on our website.
I'll now hand over to Bernard.
Bernard Looney -- Chief Executive Officer
Very good. Well, thanks, Craig, and good morning to everyone, and welcome to our second quarter results. It's great to have you join us on the call. Obviously, and it's great to see those of you who are here in person.
Thank you for making the trip. You're going to hear about what I hope you will agree is some good progress from us today. But before we do that, let me take a moment to put what follows in context. Russia's military action is continuing in the Ukraine, devastating people's lives and disrupting energy supplies.
And the cost of living is spiraling upwards, with energy costs a big contributor to that. And since the start of the Ukraine conflict, power generation from coal in Europe has significantly increased. And these are stark examples of what we call the energy trilemma: energy security under threat; energy affordability, an acute problem for many; and a pressing need for lower carbon energy. And we see this at BP, obviously, and the question -- the obvious question for us and for our people and that our people ask is, "How can we help?" And that is why we are absolutely focused on delivering our strategy to become an integrated energy company, a company that we believe can help solve that energy trilemma.
And we do that two ways. We do that by working hard to keep the energy flowing today. And, not or, and at the same time, investing to accelerate the energy transition. That's the role of an integrated energy company.