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BP P.L.C. (British Petroleum) is one of the biggest multinational Oil and Gas Company across the world. It is the sixth-largest oil and gas company as the market capitalization. The company has its strong presence in over 70 countries and a daily 3.3 Million barrel oil production. It has total proved oil reserve of 17.18 Billion barrel. The headquarters of the company is in London.BP P.L.C – The Multinational Oil and Gas Company in America
Occupying an overall 370th rank in the Global 2000 list of Forbes, the company holds 9th position in terms of sales, 107th position in terms of assets, and 73rdposition in terms of market value as per the analysis of the Magazine. Moreover, according to Forbes, the company is the 495th in the list of America’s Best Employer list.
As per the financial analysis report, the company’s overall value stood at $99 Billion. The total sales of the company were marked at $218.7 Billion. It is a public sector company registered in NYSE (New York Stock Exchange) under the ticker of BP and also listed at Frankfurt Stock Exchange (BPE) and London Stock Exchange (BP). Its product range includes Petroleum, Natural Gas, Motor Fuels, Aviation Fuels, and Petrochemicals.
The third quarter results for 2016 highlights were –
- Underlying operating cash flow of $4.8 billion.
- Cash costs $6.1 billion lower than 2014 versus $7 billion target for 2017.
- 2016 capex now expected to be around $16 billion versus original guidance of $17-19 billion.
- Dividend unchanged at 10c/share.
When we talk about the growth and revenue of the company, the analysis remains incomplete without the mention of the number of employees involved in it. Under the visionary guidance of its current CEO Bob Dudley, the company currently, has a huge team of 79,800 employees who are all responsible for the overall growth of the company over the years.
The history behind the success
In 1909, the establishment of Anglo-Persian Oil Company, a Burmah Oil Company’s subsidiary, acted as the founding stone of the modern BP Corporation. In 1913, the British Government acquired controlling rights of the company. In 1935, the name was changed to AIOC (Anglo-Iranian Oil Company). In 1954, AIOC became the British Petroleum Company. In 1959, Alaska became the company first physical investment in America. In 1969, BP acquired Sinclair Oil Corporation’s East Coast refining and marketing assets. In 1979, British Government sold BP shares worth $80 Million. After that, the success story of the company began through the BOD’s and company slowly reached the position it is at right now.
A subsidiary of BP Corp.
Amoco -The merger of Amoco with BP was the world’s biggest industrial merger. Amoco service stations still operate under the same. However, a large number of the Amoco stations now function under BP’s name.
Giving back to the society –
BP Corp. gives back to the society in more ways than one. A lot of its programs are dedicated to making the next generation healthy along with taking care of the present and the previous generation. Some of the initiatives taken by the company are listed below –
- BP is an International Partner of the International Paralympic Committee (IPC). In addition BP supports national Paralympic committees in the UK, US, Angola, Azerbaijan, Georgia, Germany, the Netherlands, Singapore, Turkey and Trinidad & Tobago.
- BP is also a partner of the national Olympic committees in the UK, US, Azerbaijan, Turkey and Trinidad & Tobago and continues to support seven Olympic athletes.
BP Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming