VC Associate @ BP Ventures in Houston, TX

Venturing is integral to enriching bp’s innovation landscape by taking advantage of ground‑breaking/radical changes to the value chains bp is, or might be, active in. As bp’s corporate venture capital unit, bp Ventures (bpV) plays a key role in helping bp transition to an integrated energy company, in line with bp’s new purpose: reimagining energy for people and planet.

bpV exists to provide insight and the commercial innovation capacity which allows bp to expand its current business while also building new businesses. bpV collaborates actively to share insight across Strategy, Sustainability & Ventures (SS&V) and the wider bp to ensure bp realizes the full strategic value of the corporate venture capital activity.

bpV invests in a portfolio of high growth businesses with significant impact on bp’s current or future strategy. bpV has a track record of investing in exciting innovation, crafting value for bp across dynamic markets. Since 2006, bpV has invested over $1bn into over 70 companies, co‑investing with more than 250 corporate and institutional venture capital groups. Currently, bpV manages an active portfolio of around 30 companies.

bpV is looking to appoint an Investment Associate supporting the US regional team, reporting to the Regional Managing Director Americas and be located in US/Houston. The Investment Associate will support the team of Principals/Associates across the investment sectors by leading competitive market analysis, due diligence efforts, supporting and sometimes leading deal structuring / negotiation / peer reviews, taking on governance responsibilities to include board observer and shareholder rep roles and managing various portfolio management efforts.

Note this position has no line management responsibility. The bpV Investment Associate will be allocated to one of the three sectors according to competence & capability, market activity level and internal bp priorities. While this allocation is expected to remain reasonably stable, there may be adjustments made to individual sector participation as the external market and internal priorities evolve.

By partnering with early- and growth‑stage start‑ups and the corporate and venture capital community, the bpV team accelerates the development of accretive and exciting technologies for bp. The Ventures team operates in highly dynamic internal and external markets, building and shaping options to create enhanced strategic and financial value for bp.

bpV’s investment strategy is primarily focused on the 3 sectors of Low carbon technologies and fuels, Oil & gas value chains, and Energy usage and trading
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• Low carbon technologies and fuels – delivering value through growing bp’s gas and low carbon portfolios with an investment focus on all “non‑blue” hydrogen, solar & wind and geothermal. In addition to the interaction with the “Gas and Low Carbon Energy” bp business, this sector will also handle all biofuel new investment activity in the biofuels segment and will interact with the internal bioenergy collaborators in the “Customer & Products” and “Trading & Shipping” bp businesses.
• Oil & gas value chains – enabling bp to deliver on its strive to get to net zero and care for our planet with a focus on hydrocarbon investments that decarbonize extraction & refining, Carbon Capture Utilization & Storage (CCUS) and blue hydrogen. Blue hydrogen is included in this sector due to the strong link between CCUS, gas extraction and blue hydrogen.
  
  This sector is expected to primarily focus on the oil and gas business activities within “Production & Operations” and can be expected to consider venture capital investments that have the potential to enable bp to access new technologies that improve bp’s operational and environmental…