BP p.l.c.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Company Description
- CEO
- Marguerite Eileen O'Neill
- Full Time Employees
- 93,700
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- 1 St James's Square London GL United Kingdom SW1Y 4PD
- IPO Date
- Jan 3, 1977
- CIK
- 0000313807
- Website
- bp.com
- Similar Companies
- Business
- BP p.l.c. is a British multinational integrated energy company that engages in the exploration, production, refining, marketing, and trading of oil and natural gas; provides low-carbon energy solutions including renewables, hydrogen, and carbon capture and storage; and offers customer-facing products and services such as retail fuels, EV charging, Castrol lubricants, aviation fuels, convenience retail, and bioenergy. The company operates through segments including Gas & Low Carbon Energy, which encompasses natural gas production, integrated gas and power, gas trading, solar and wind power, hydrogen, and CCS; Oil Production & Operations, focused on crude oil extraction including via bpx energy; Customers & Products, covering refining, oil trading, midstream, and brands like Castrol and BP Pulse; and Other Businesses & Corporate, involving innovation, ventures, and residual costs. BP maintains operations in approximately 61 countries across North America, Europe, Africa, Asia, Australasia, and South America, with around 21,100 retail sites worldwide, major upstream activities in the US Gulf of Mexico, North Sea, Iraq, Azerbaijan, Angola, and Egypt, and downstream presence under BP, Amoco, and Aral brands. Founded in 1909 as the Anglo-Persian Oil Company and headquartered at 1 St James's Square in London, United Kingdom, BP produces around 2.4 million barrels of oil equivalent per day and holds proven reserves of 6.25 billion barrels of oil equivalent. Recent developments include the completion of its acquisition of the remaining 50.03% stake in Lightsource bp, a leading solar and battery storage developer with a 62GW pipeline, in January 2025, followed by a March 2025 process to sell 50% of the unit to a strategic partner via Project Scala with bids due in June; a strategic shift announced in February 2025 to reduce renewable investments by over £5 billion while increasing oil and gas spending to $10 billion annually; workforce reductions of 4,700 staff and 3,000 contractors in January 2025; the June 2024 acquisition of Bunge Bioenergia for $1.4 billion to boost ethanol production to 50,000 barrels per day; a November 2024 $7 billion investment plan with partners for carbon capture and gas development in Indonesia's Tangguh field; and an August 2025 major oil and gas discovery in Brazil's Bumerangue prospect.
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