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Rating: 3.3/5 (18 votes cast)
Type: Public limited firm
Traded As: BP, BP
Firm Slogan: Beyond petroleum
Basis: 1909 (as Anglo-Persian Oil Company),
Location: London, United Kingdom
Space Served: Worldwide
Key Individuals: Carl-Henric Svanberg (Chairman), url
Trade: Petroleum industry
Merchandise: Petroleum, Aviation fuels
Companies: Service stations
Revenue: {{{gain|achieve|acquire} United States {dollar|dollar|greenback} 386.{46|Forty six} billion (2011)<ref name
Operating Income: net income
Assets: equity
Num Employees: 79,700 (2011)<ref name
Homepage: www.bp.com
BP plc (LSE: BP, NYSE: BP) is a British multinational oil and gas company headquartered in London, Petroleum Refining Process United Kingdom. {It is the|It’s the} third-largest {energy|power|vitality} {company|firm} and fourth-largest {company|firm} {in the world|on the earth|on the planet|on this planet} measured by 2011 revenues and {is one of the|is among the|is likely one of the|is without doubt one of the} six oil and gas “supermajors”. {It is|It’s} vertically {integrated|built-in} and operates in all areas of the oil and gas industry, {including|together with} exploration and {production|manufacturing}, refining, distribution and {marketing|advertising|advertising and marketing}, petrochemicals, {power|energy} {generation|era|technology} and {trading|buying and selling}. It {also|additionally} has renewable {energy|power|vitality} {activities|actions} in biofuels and wind {power|energy}.
BP has operations in over {80|eighty} {countries|international locations|nations}, produces {around|round} {3|three}.{4|Four} million barrels of oil {equivalent|equal} per day and has {around|round} 21,800 service stations worldwide. Its largest division is BP America, which is the second-largest producer of oil and gas {in the|within the} United States. As of December 2011[{update|replace}], BP had {total|complete|whole} {proven|confirmed} {commercial|business|industrial} reserves of 17.{75|Seventy five} billion barrels of oil {equivalent|equal}. BP has a {primary|main|major} {listing|itemizing} on the London {Stock|Inventory} {Exchange|Alternate|Change|Trade} and is a constituent of the FTSE {100|a hundred|one hundred} Index. It had a market capitalisation of A?{81|Eighty one}.{4|Four} billion as of 6 July 2012, the fourth-largest of any {company|firm} listed on the London {Stock|Inventory} {Exchange|Alternate|Change|Trade}. It has a secondary {listing|itemizing} on {the new|the brand new} York {Stock|Inventory} {Exchange|Alternate|Change|Trade}.
BP’s origins date {back|again} to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company {to exploit|to take advantage of|to use} oil discoveries in Iran. In 1935, it {became|grew to become|turned} the Anglo-Iranian Oil Company and in 1954 British Petroleum. In 1959, {the company|the corporate} expanded {beyond|past} the {Middle|Center} East to Alaska and in 1965 it was {the first|the primary} {company|firm} to strike oil {in the|within the} North Sea. British Petroleum acquired majority {control|management} of {Standard|Commonplace|Customary|Normal} Oil of Ohio in 1978. {Formerly|Previously} majority state-owned, the British {government|authorities} privatised {the company|the corporate} in {stages|levels|phases} between 1979 and 1987. British Petroleum merged with Amoco in 1998 and acquired ARCO and Burmah Castrol in 2000.
