BP (British Petroleum)
Our purpose is reimagining energy for people and our planet. We want to help the world reach net zero and improve people’s lives. We will aim to dramatically reduce carbon in our operations and in our production, and grow new low carbon businesses, products and services.
We will advocate for fundamental and rapid progress towards Paris and strive to be a leader in transparency.
We know we don’t have all the answers and will listen and work with others.
We want to be an energy company with purpose; one that is trusted by society, valued by shareholders and motivating for everyone who works at bp.
We believe we have the experience and expertise, the relationships and the reach, the skill and the will, to do this.
Company Overview:
- Name: British Petroleum (BP)
- Type: Public Limited Company
- Industry: Oil and Gas
- Founded: 1908
- Headquarters: London, United Kingdom
- Website: www.bp.com
Business Segments:
- Upstream: Exploration and production of oil and natural gas.
- Downstream: Refining, marketing, and supply of petroleum products, including fuels and lubricants.
- Renewables and Low Carbon Energy: Investments in renewable energy sources such as wind and solar, and technologies aimed at reducing carbon emissions.
Financial Highlights:
- Revenue: Varies annually; for the most recent figures, refer to BP’s latest financial reports.
- Net Income: Also varies annually; check BP’s financial disclosures for up-to-date information.
- Market Capitalization: BP is listed on the London Stock Exchange (LSE: BP) and the New York Stock Exchange (NYSE: BP). Market cap fluctuates with stock market conditions.
Key Developments:
- Transition to Energy Company: BP has been transitioning from a traditional oil and gas company to a broader energy company focusing on renewable energy and sustainability. This includes significant investments in solar, wind, and bioenergy.
- Climate Goals: BP has set ambitious targets to become a net-zero company by 2050, in line with global climate goals. This involves reducing its operational emissions and investing in technologies that capture and store carbon.
Major Projects and Operations:
- BP operates globally with significant exploration and production activities in regions such as the Gulf of Mexico, the North Sea, and parts of Asia.
- In the downstream sector, BP has a global network of refineries and service stations, including well-known brands like BP, Castrol, and Aral.
Corporate Social Responsibility:
- BP is involved in various initiatives related to environmental stewardship, including reducing its carbon footprint and supporting community development through various programs.
Challenges and Controversies:
- BP has faced significant challenges, including major environmental incidents such as the Deepwater Horizon oil spill in 2010, which had extensive environmental and financial impacts. The company has since worked on improving safety measures and addressing environmental concerns.
Leadership:
- CEO: Bernard Looney (as of the latest update; please verify for any changes).
- Chairman: Helge Lund (as of the latest update; please verify for any changes).
