Ranking: It ranks 18th within the Forbes record of world’s greatest public corporations.
British Petroleum’s Web Worth
British Petroleum (BP) is a multinational oil and gas company, with its headquarters located in England. As of June 30, 2013, its web value (market cap) is estimated to be $131.Forty Petroleum Refinery Equipment For Sale four billion. This firm offers and operates in all points of the oil and gas industry, which incorporates petrochemicals, manufacturing, energy generation, refining, buying and selling, distribution, and marketing. It possesses 19.75% stake in Rosneft, the Russian oil main. Along with listed on the London Inventory Trade, BP is also a part of the FTSE 100 Index.
Company Historical past
The British Petroleum was founded in April 1909 as Anglo-Persian Oil Company, which in 1935, was renamed as Anglo-Iranian Oil Company. In 1954, it was named because the British Petroleum Company.
In December 1998, BP merged with Amoco and was named BP Amoco plc. It acquired Burmah Castrol and Arco (Atlantic Richfield Co.) within the yr 2000. After the Deepwater Horizon Oil Spill in 2010, Bob Dudley replaced Tony Hayward as the Chief Govt Officer of the corporate. It had to sell about $38 billion non -core belongings to compensate the damage, attributable to the oil spill. Because of this, BP had fallen to the fourth largest oil company from second, by 2013.
BP operates in greater than 80 countries globally, which incorporates UK, Eire, USA, Africa, Australia, and Asia. Its operations are organised into 2 enterprise segments- Downstream and Upstream.
Its ‘Downstreamactions contain provide, buying and selling, transportation, manufacturing, marketing and refining of petroleum merchandise, petrochemicals and crude oil.
Its ‘Upstreamactivities involve exploring and developing access to new natural gas and oil resources. It additionally includes producing, processing, storing and transporting natural and oil gas.
Company Affairs of BP
The company’s shares are listed primarily on London Stock Exchange. The deepwater horizon oil spill resulted in a loss of nearly 50% of the value of its shares. In 2012, 38% of the shares of BP have been held by American traders and 35% by British investors. Major shareholders include Blackrock Funding Administration (UK) Ltd. , Capital Research & Management Co. , and Authorized & Basic Funding Administration Ltd.
Political Contributions of BP
Since 1989, it has contributed almost $6.6 million in direction of political campaigns and grew to become the 136th largest donor. During the elections of 2008, BP contributed hundreds of thousands, and Barak Obama acquired the highest amount of cash.
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