Investment options

The BP Employee Savings Plan allows you to choose from a variety of investment options. You decide which options best suit your long-term investment needs and then set your investment direction. Your investment direction applies to both your contributions and company matching contributions. Unless you choose a different investment option, your savings plan account will be automatically invested in the Target Date Fund (TDF) nearest to your expected retirement date (assumed to be age 65).

Remember, it’s important to review your investments periodically and to rebalance your allocation or adjust your investment strategy. Generally, you can change your investment direction for new contributions or exchange your account balance at any time. An exchange is a request to transfer all or a portion of your existing balance in one or more investment options into another investment option(s). When you make an exchange, you will receive a confirmation from bp Retirement Services at Fidelity at 1-877-272-3334. If you find an error or discrepancy in your confirmation, you must contact bp Retirement Services at Fidelity immediately.

You should also consider the benefits of maintaining a diversified investment portfolio. In general, spreading your assets across different types of asset classes (such as stocks, bonds and short-term investments) may lower your portfolio’s overall risk. This is because market or other economic conditions that can cause one asset class or particular security to perform well may cause another asset class or specific security to perform poorly. Although diversification is not a guarantee against loss, it can be an effective strategy to help you manage investment risk.

As part of understanding your investment options, it is also important to know the cost (fees and expenses) of your investments, since cost can impact your net return (investment results after fees and expenses are deducted).

You have sole responsibility for choosing those investment options in which you invest. Neither the company nor any other plan fiduciary is liable for any loss in value of your investment holdings resulting from your exercise of your investment responsibility to the extent permitted under Section 404(c) of ERISA. Under ERISA Section 404(c), participants and beneficiaries bear responsibility for their investment decisions. The plan’s fiduciaries may be relieved of liability for any losses that are the direct and necessary result of investment instructions given by participants and beneficiaries.

Any of the plan’s investment options may be changed, closed to new investments or eliminated at any time and without prior notice.

For more information about selecting your investment options, or for more information about the investment options themselves, refer to Investing at bp ( You may also contact bp Retirement Services at Fidelity or visit

The plan has investment options operated by an entity that has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act (“CEA”), as amended, and that therefore is not subject to registration or regulation as a pool operator under the CEA.


Publication date: September 2021


Related links

View your guide to making the most of your BP savings plan
To help you become a more informed investor and maximize your resources for retirement income
© 2000-2021 BP Corporation North America Inc. All Rights Reserved. | Legal disclaimer | Privacy statement | PrintPrint this page