Business Study Resources – BP
BP (British Petroleum)
BP PLC, also referred to by its former name, British Petroleum, is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”, whose performance in 2012 made it the world’s sixth-largest oil and gas company, the sixth-largest energy company by market capitalization and the company with the world’s fifth-largest revenue (turnover). It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy interests in biofuels and wind power.
As of 31 December 2015, BP had operations in more than 70 countries, produced around 3.3 million barrels per day (520,000 m3/d) of oil equivalent, and had total proved reserves of 17.18 billion barrels (2.731×109 m3) of oil equivalent. The company has around 17,200 service stations worldwide. Its largest division is BP America in the United States. In Russia BP owns a 19.75% stake in Rosneft, the world’s largest publicly traded oil and gas company by hydrocarbon reserves and production. BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Frankfurt Stock Exchange and the New York Stock Exchange.