BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of the Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. BP acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. BP merged with Amoco in 1998, becoming BP Amoco p.l.c., and acquired ARCO, Burmah Castrol and Aral AG shortly thereafter. The company's name was shortened to BP p.l.c. in 2001. As of 2024, BP had operations in 61 countries, produced around 2.4 million barrels per day (380,000 m3/d) of oil equivalent, and had total proven reserves of 6.25 billion barrels (994,000,000 m3) of oil equivalent. The company has around 21,200 service stations worldwide, which it operates under the BP brand (worldwide) and under the Amoco brand (in the U.S.) and the Aral brand (in Germany). Its largest division is BP America in the United States. BP is the fifth-largest investor-owned oil company in the world by 2024 revenues (after ExxonMobil, Shell, Chevron and TotalEnergies). BP had a market capitalisation of US$98.36 billion as of 2022, placing it 122nd in the world, and its Fortune Global 500 rank was 33rd in 2024 with revenues of US$194.6 billion. The company's primary stock listing is on the London Stock...