Overview

BP p.l.c., commonly known as British Petroleum, is an oil and gas company headquartered in London, England. It was established in 1909. Its operations span six continents and cover exploration, production, refining, distribution, and marketing. BP is also involved in the trading of energy commodities and invests in renewable energy sources as part of its commitment to a sustainable future.

BP's global headquarters is located in St. James's, Westminster, London. The company also maintains a significant presence in Houston, Texas, which serves as the headquarters for its operations in the Americas. Its London location places it at the heart of the global energy market and facilitates operations and collaborations worldwide.

Business Sectors

BP operates through three main business segments:

  • Upstream: This segment is responsible for the exploration, development, and production of oil and natural gas. BP's upstream activities are spread across the globe, with significant operations in the North Sea, the Gulf of Mexico, and the Middle East.
  • Downstream: BP's downstream operations include refining, marketing, and distribution of petroleum products. The company owns and operates several refineries and has a retail station network under the BP and Aral brands.
  • Gas & Low Carbon Energy: This segment focuses on the production and marketing of natural gas, as well as investments in low-carbon technologies. BP is committed to reducing its carbon footprint and is actively investing in renewable energy projects, including wind, solar, and biofuels.

Subsidiaries and Affiliates

BP has a portfolio of investments and subsidiaries that support its core operations and strategic goals. Notable subsidiaries and affiliates include:

  • Castrol: A brand in the global lubricants market, Castrol is a wholly-owned subsidiary of BP, providing high-performance oils and lubricants for automotive, industrial, and marine applications.
  • BP Shipping: This subsidiary manages BP's fleet of oil tankers and liquefied natural gas (LNG) carriers, ensuring the safe and efficient transportation of energy products worldwide.
  • BP Pulse: As part of its commitment to sustainable energy, BP Pulse focuses on the development and deployment of electric vehicle charging infrastructure.

BP's investments in renewable energy and low-carbon technologies are part of its strategy to transition to an integrated energy company. The company aims to achieve net-zero carbon emissions by 2050 and is actively investing in projects that support this goal.

Acquisitions

BP has a history of strategic acquisitions that have helped it expand its global footprint and diversify its operations. Significant acquisitions include:

  • Amoco Corporation: In 1998, BP acquired Amoco, a major American oil company, in a deal valued at $48.2 billion. This acquisition significantly increased BP's presence in the United States and strengthened its position in the global energy market.
  • Burmah Castrol: In 2000, BP acquired Burmah Castrol, a manufacturer of lubricants, for $4.7 billion. This acquisition expanded BP's product offerings and enhanced its capabilities in the lubricants market.

BP continues to explore opportunities for acquisitions and partnerships that align with its strategic objectives and support its transition to a low-carbon future.

Website and Careers

BP's official website, bp.com, serves as a resource for information about the company's operations, sustainability initiatives, investor relations, and career opportunities. The website provides stakeholders with access to news, reports, and updates from BP.

BP offers career opportunities for professionals, graduates, and students across various disciplines. The company provides internship and graduate programs designed to provide young professionals with hands-on experience and development opportunities in the energy industry. Interested candidates can explore job openings and apply through the BP careers page on the website. BP's recruitment process includes a candidate matching tool that helps applicants find roles that align with their skills and interests.