BP British Petroleum

-5.51%

BP (formerly British Petroleum) is a multinational oil and gas company headquartered in London, England. It is one of the largest energy companies in the world, with operations spanning across 79 countries. BP was founded in 1909 as the Anglo-Persian Oil Company, and has since undergone numerous mergers and acquisitions to become the company it is today.
The company's main activities include exploration, production, refining, and marketing of oil and natural gas, as well as manufacturing and marketing of petrochemicals. BP also has a renewable energy division, which focuses on developing and commercializing alternative energy sources such as wind, solar, biofuels, and hydrogen.
BP has a strong presence in the United States, with operations in all 50 states. It is also one of the largest suppliers of oil and gas to the US military. Additionally, BP has a significant presence in Europe, Africa, and Asia.
BP has faced several controversies over the years, including the Deepwater Horizon oil spill in 2010, which resulted in the largest marine oil spill in history. The company has since implemented safety measures and has focused on transitioning to cleaner and more sustainable forms of energy. In recent years, BP has made significant investments in renewable energy and aims to become a net-zero carbon emitter by 2050.
The company has a strong commitment to social responsibility and has implemented various initiatives to support the communities in which it operates. This includes programs for education, health, and disaster relief.
In addition to its energy operations, BP also has a significant presence in the retail sector with over 18,000 service stations worldwide under the BP and Amoco brands. It also owns the convenience store chain, ampm, and operates the BPme mobile app for fuel payments and rewards.
Overall, BP is a major player in the global energy industry and continues to adapt and evolve as the world's energy needs and priorities change.

BP (formerly known as British Petroleum) is one of the largest multinational oil and gas companies in the world. It is headquartered in London, England and operates in over 70 countries. Here are some of the key features that make BP unique:
1. Major Presence in the Oil and Gas Industry
BP is one of the most prominent players in the oil and gas industry. It has a significant share in the global crude oil and natural gas production, and also has a large network of refineries, storage facilities, and gas stations around the world.
2. Focus on Sustainability and Renewable Energy
BP has been at the forefront of sustainability and renewable energy efforts in the oil and gas industry. It has set ambitious goals to reduce its carbon footprint and increase its investment in renewable energy sources such as wind and solar.
3. Diversified Business Operations
Apart from its core business of oil and gas, BP has a diverse range of business operations, including petrochemicals, power generation, and renewable energy. This diversification helps the company mitigate risks and adapt to changing market trends.
4. Strong Technological Capabilities
BP has a strong focus on technological innovation and has invested heavily in developing advanced technologies to improve its operations and reduce its environmental impact. This includes using digital technologies and data analytics to optimize its production processes.
5. Global Reach and Strong Brands
BP has a strong global presence, with operations in some of the world's largest energy markets. It also has a strong brand reputation, with its iconic logo and tagline "Beyond Petroleum" being widely recognized.
6. Commitment to Safety and Environmental Stewardship
BP has faced public scrutiny and criticism for major environmental incidents in the past, most notably the Deepwater Horizon oil spill in 2010. In response, the company has made significant efforts to improve its safety and environmental practices, including setting stricter regulations and investing in safer technologies.
7. Social Responsibility and Community Engagement
BP has a strong focus on social responsibility and actively engages with local communities where it operates. It has various initiatives and programs to support social and economic development in these communities, including promoting education and entrepreneurship.
8. Investment in Research and Development
BP invests heavily in research and development to stay at the forefront of the energy industry. It collaborates with universities and research institutions to develop new technologies and find sustainable solutions for the future.

BP (British Petroleum) is a global energy company that focuses on the exploration, production, refining, and marketing of oil, gas, and renewable energy sources. Its business model is divided into four main segments:
1. Upstream: This segment is responsible for finding, developing, and producing oil and natural gas resources around the world. It includes activities such as geological exploration, drilling, and field development.
2. Downstream: This segment is involved in refining, processing, and marketing of fuels and lubricants to customers around the world. It also includes the production and sale of petrochemicals and biofuels.
3. Rosneft: BP owns a 19.75% stake in Rosneft, a Russian oil and gas company. This segment includes BP's share of Rosneft's oil and gas production, refining, and marketing activities.
4. Alternative Energy: BP is investing in renewable and low-carbon energy sources, such as solar, wind, biofuels, and hydrogen. This segment focuses on developing and commercializing new energy technologies to help reduce carbon emissions.
Overall, BP's business model is based on the integrated oil and gas model, which allows the company to capture value at each stage of the energy supply chain. This helps to diversify its revenue streams and mitigate risks associated with fluctuations in oil and gas prices. Additionally, BP is committed to reducing its carbon footprint and transitioning towards a cleaner and more sustainable energy future.

1. British Petroleum, commonly known as BP, is a multinational oil and gas company headquartered in London, England.
2. The company was founded in 1909 as the Anglo-Persian Oil Company, with the primary purpose of exploiting and shipping oil from Iran.
3. BP is one of the world’s largest oil and gas companies, with operations in over 70 countries. It is also one of the six supermajor oil and gas companies.
4. After the merger with Amoco in 1998, BP became the largest producer of oil and gas in the United States.
5. In 2019, BP had a revenue of $278.4 billion, making it the seventh largest company in the world by revenue.
6. BP has a significant presence in renewable energy, with investments in wind, solar, and biofuels. In 2019, the company announced its goal to become a net-zero emissions company by 2050.
7. The company has been involved in several major oil spills, including the Deepwater Horizon oil spill in 2010, which was the largest marine oil spill in history.
8. BP is a major sponsor of the arts, including the British Museum, the Royal Shakespeare Company, and the National Portrait Gallery. It is also a sponsor of the London 2012 Olympics.
9. In 2005, BP rebranded itself as a green company and adopted the slogan Beyond Petroleum, highlighting its commitment to renewable energy and reducing carbon emissions.
10. BP has faced criticism for its environmental record, including a $18.7 billion fine for the Deepwater Horizon oil spill and accusations of lobbying against climate change legislation.
11. In 2020, BP announced a major restructuring plan to reduce its oil and gas production and increase investment in renewable energy.
12. BP is one of the largest employers in the UK, with over 70,000 employees worldwide.
13. In 2011, BP agreed to pay $7.8 billion to acquire a 30% stake in Russian state-owned oil company, Rosneft, making it the largest foreign investment in Russian history.
14. BP’s logo, known as the Helios, was designed in 2000 and represents the sun god, symbolizing the company’s focus on solar energy.
15. BP has been involved in several notable mergers and acquisitions throughout its history, including the merger with Amoco in 1998 and the acquisition of ARCO in 2000.
See Company Due Diligence: