Where is the closest BP?

BP or British Petroleum is a global oil and gas company with interests in renewable and low carbon energy production. Its head office is located in London. BP is one of the seven most prominent companies in this field globally. BP controls the supply chain and manages all areas related to oil and gas by using the vertical integration strategy.

BP business encompasses all the processes involved with oil and gas, from exploring to trading. BP business branches locate, extract, refine, market, produce power, and trade petroleum products. BP is also playing an essential part in renewable energy resources such as wind, solar, and biofuels energy.

 BP is planning to change its business direction by transforming from a solely oil and gas production company to an energy company focused on providing solutions and services related to energy consumers.

BP as a company has multiple locations in 70 countries across the entire world. BP is a giant with 70,000+ plus employees and generated revenue of $180.4 billion in 2020.

History of BP

The BP Company has its roots deep into the history founded by William Knox D'Arcy and Charles Greenway. In 1908 Anglo-Persian was created as an auxiliary branch of Burma Oil Company to discover and process oil in Iran. Its name changed to Anglo-Iranian Oil Company in 1935 and finally in 1954 got the name British Petroleum. After that, the Company spread out to Alaska in 1959, increasing its scope of operations outside the Middle East, and located oil reserves in the North Sea.

At last, in 1998, British Petroleum signed a merger with Amoco forming BP Amoco plc, and today the company dominates the oil and gas industry.

Business Directions

BP Company has three business directions. The company explores oil and gas reserves in different areas of the world on land or underwater. Secondly, the company operates in refining crude oil and gas, converting them into petroleum products and then marketing and distributing them. Thirdly, the company is investing in renewable resources to make this world a better place to live.

BP has announced that it wants to change its direction from producing oil and gas products and focus on providing energy solutions (light, heat, and mobility) to its customers to face the upcoming challenge of climate change.

Key Points

• First company to discover oil in the North Sea.
• The company is working to create a future with low carbon imprint.
• Operating worldwide, especially in Europe, Asia, South, and North America, and Africa
• BP has the goal to increase its renewable energy reserves to 50 GW up till 2030.

Conclusion

BP is a company that fulfills the needs of this world with its quality petroleum products. With the changing times, BP is also playing a significant role and has taken up the challenge to help the planet against climate change by forcing the world towards a low carbon future.

FAQ

What is the name of BP's current CEO?

Bernard Looney is the CEO of BP since 5 February 2020.

In which Country does BP have its main office?

Their main office is located in London, England.

How many locations is BP company operating at?

BP is operating at more than 800+ locations across 70 countries. 

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