BP PLC

British Petroleum (BP) PLC

British Petroleum (BP) PLC

About the company

BP supplies transportation fuel, heat and light energy, retailing and petrochemicals goods and services. Exploration and Production segment is engaged in oil and gas exploration, field development, and production, midstream transportation, storage and processing; and marketing and gas trading, including liquefied natural gas (LNG), and electricity and natural gas liquefied (NGL). These activities have been undertaken in Angola, Azerbaijan, Canada, Egypt, Norway, Russia, Trinidad and Tobago, United Kingdom and the United States, and Asia, Oceania, South America, North Africa and the Middle East.

This section also owns and manages crude oil and natural gas pipelines, processing facilities and export terminals; and liquefied natural gas processing and transportation, as well as liquefied natural gas extraction facilities. BP has been in the Trans-Alaska pipeline system, four pipe system, pipeline transmission system in central region, the South Caucasus Pipeline, and Baku - Tbilisi - Ceyhan pipeline, as well as in Trinidad, Indonesia's liquefied the interests of gas plant in Australia. The company's refining and marketing segment involves mainly based on the BP, Castrol, ARCO, Aral brand supply and trading, refining, manufacturing, marketing, and crude oil, petroleum, petrochemical products and related services, wholesale and retail customers in the transportation.

Other businesses and corporate market production and market cold-rolled aluminum products, as well as the energy produced by wind, solar, bio-fuels, hydrogen, carbon capture and storage source; and the shipping activities. The company was founded in 1889 and headquartered in London, England.

BP Retail

Apart from being amongst one of the top selling petroleum companies of the world today, the management of British Petroleum does not seem to be less in generating new business ideas. British petroleum has a very good reputation amongst the customers when its comes to petroleum products and car services. The management of British Petroleum has now expanded their business to the retail outlets available in different areas of the world. These outlets are different food and retail outlets where the customers can get all the eatables and other products throughout the day, at competitive prices. The main outlets that come under the head of BP retail are BP express, BP connect, Wild Bean Café etc. More than 4500 people are employed in different parts of the world to satisfy the BP customers to the fullest.

Industry analysis

The aglobal aenergy aindustry ahad ashown astrong agrowth ain arecent ayears auntil ait afell ainto aa asteep adecline ain a2009. aRecovery ais aexpected ain a2010, awith astrong agrowth aover athe aperiod aspanning a2009-14. aThe aglobal aenergy aindustry agenerated atotal arevenues aof a$6,050 abillion ain a2009, arepresenting aa acompound aannual arate aof achange a(CARC) aof a-0.1% afor athe aperiod aspanning a2005-09 a(www.datamonitor.com). In comparison, the European industry declined with a CARC of -4.5%, and the Asia Pacific industry increased with a compound annual growth rate (CAGR) of 3.4%, over the same period to reach respective values of $1,217.9 billion and $1,384.1 billion in 2009. Oil, gas, and consumable fuel sales proved the most lucrative for the global energy industry in ...