What Does BP Stand For?

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BPBP plc, generally referred to by its former identify British Petroleum, is a British multinational oil and gas company headquartered in London, England, United Kingdom. It is the fifth-largest vitality company by market capitalization, fifth-largest firm in the world measured by 2012 revenues, and the sixth largest oil and gas company measured by 2012 manufacturing. It is among the six oil and gas Kinetic Energy Petroleum Refinery “supermajors”. BP is vertically built-in and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and advertising and marketing, petrochemicals, energy generation and trading. It also has renewable energy actions in biofuels and wind power. As of December 2012, BP had operations in over 80 countries, produced round 3.3 million barrels per day of oil equivalent, had whole proved reserves of 17 billion barrels of oil equivalent, and had around 20,seven hundred service stations. Its largest division is BP America, which is the second-largest producer of oil and gas within the United States. BP owns a 19.75% stake within the Russian oil major Rosneft, the world’s largest publicly traded oil and gas company by hydrocarbon reserves and manufacturing. BP has a main listing on the London Inventory Alternate and is a constituent of the FTSE a hundred Index; it had a market capitalisation of £85.2 billion as of April 2013, the fourth-largest of any firm listed on the alternate. It has secondary listings on the Frankfurt Inventory Exchange and the brand new York Stock Alternate.

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