BP Company Overview
One of the biggest oil and gas businesses in the world is British Petroleum. The Anglo-Persian Oil Company, which found oil in Iran in 1908, is where BP began its start in business. Significant environmental damage and serious violations of human rights have been linked to BP. The corporation is involved in nearly every stage of the supply chain for natural gas and oil, from product sales and marketing to exploration. Operating in all aspects of the oil and gas sector, such as exploration and extraction, refining, distribution and marketing, power generation, and trading, this company is vertically integrated.
With operations in Europe, the Americas, Asia, Australasia, and Africa, BP is among the top three companies in the world's oil and gas business in terms of reserves. The corporation is pushing forward with new exploration and production operations in Africa, South America, Asia, and the Caspian Sea, but more than 70% of its profits are made in Europe and the US.
William Knox D'Arcy established BP in 1909, at first, it was known as the British Petroleum Company PLC. It adopted the Amoco name in 1999 and used it through April 2000. Ogilvy & Mather, BP's advertising agency, and Ogilvy PR, PR consultants, oversaw the company's name change. BP was nationalized in 1951 with a concentration on the Middle East. It changed its name to British Petroleum Company in 1954. As operations moved westward, they reached the British North Sea and the United States, changing the corporation and sustaining rises in oil prices. By 1987, BP was operating at a loss, but important individuals including John Brown, Peter Sutherland, and David Simon helped to turn the business around. BP's recent history has been dominated by mergers, such as BP America and Britoil the North Sea exploration company. In 1998, BP and Amoco announced the world's largest industrial merger. In 1999, BP Solarex 3 BP America LLC was bought from Enron, becoming the world's largest solar electric company. BP headquarters is located in London United Kingdom. Aral, BP Pulse, Amoco, BP Connect, AMPM, Thornton’s, Wild Bean Cafe, and Air, BP are all owned by BP. In addition to providing Castrol-branded lubricants to the metalworking industry, BP also sells Castrol-branded lubricants in over 50 countries. The company also sells lubricants outside of North America under the BP brand.
References
Watch, C. (2018, November 1). BP Plc Company Profile. Corporate Watch.