The Top 5 British Petroleum (BP) Shareholders
- State Street Corporation. State Street Corporation is a global financial services company based in Boston, Massachusetts, and the largest institutional shareholder of BP.
- BlackRock, Inc. ...
- Dimensional Fund Advisors, Inc. ...
- Fisher Investments. ...
- Menora Mivtachim Holdings Ltd. ...
Who buys gas from BP?
Stowers recently sold the gas station to Kai Trimble-Lea of Kreeation Enterprises LLC, who received a $893,000 loan with help from Northwest Side Community Development Corporation through the group’s PNC Fund.
Who is BP owned by?
Sure, it’s headquartered there, but it’s a very multinational corporation--as much American-owned as it is British-owned. Britshold 40 percent of BP shares, while Americans hold 39 percent. JPMorgan Chase owns 28 percent of BP, while BlackRock owns 8 percent, according to AllGov.
Who owns Shell Oil Company BP?
Shell Petroleum Inc. is a holding company that is 60 percent owned by Royal Dutch Petroleum Company and 40 percent owned by The Shell Transport and Trading Company. The Royal Dutch/Shell Group began selling gasoline imported from Sumatra in the United States in 1912 to capitalize on the growth of the country's automobile industry and to compete with the Standard Oil Company.
Who bought BP oil?
Tailwind, a private oil producer backed by commodity trader Mercuria, has agreed to buy BP's stake in the Shearwater oilfield in the British North Sea, it said on Monday.
Who owns the most shares in BP?
Top 10 Owners of BP PLCStockholderStakeShares ownedArrowstreet Capital LP0.79%25,565,832SSgA Funds Management, Inc.0.76%24,438,815Fisher Asset Management LLC0.45%14,468,179Dimensional Fund Advisors LP0.44%14,284,8686 more rows
Is BP owned by Russia?
Russia owns 40% of BP's Russian partner, Rosneft; the company's CEO and board chair, Igor Sechin, is Russia's former deputy prime minister and a close Putin ally. Shell's primary partner in Russia is Gazprom, the state-run natural gas giant.
Who took BP over?
AmocoThe $48.2 billion transformative deal that made history Saturday 11 August marks 20 years since British Petroleum plc announced that it would acquire the American oil giant Amoco. The deal was huge, marking the largest industrial merger at the time and the largest foreign takeover in the US.
Is BP and Shell the same company?
Shell-Mex and BP Ltd was a British joint venture between petroleum companies Royal Dutch Shell (Shell) and BP....Shell-Mex and BP.Shell Mex House, headquartersHeadquartersStrand , U.K.OwnerRoyal Dutch Shell BP5 more rows
Is BP American owned?
Is BP Owned by the British? BP is a British company, headquartered in London, U.K., but it is not owned by the government. It is a publicly owned company whose shares trade on the London Stock Exchange (LSE), the Frankfurt Stock Exchange, and the New York Stock Exchange (NYSE).
Is BP owned by the government?
British Petroleum 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's headquarters in St. James's, Westminster, LondonHeadquartersLondon, England, United KingdomArea servedWorldwide20 more rows
Does BP have a future?
BP expects to add 900,000 barrels per day from new major projects by 2021, with 35% higher margins on average than its 2015 portfolio. This growth will come from its list of quality upstream projects in advantaged oil basins and gas regions, with developments selected for their lower costs or higher margins.
What is BP called now?
It was renamed the Anglo-Iranian Oil Company, Ltd., in 1935 and changed its name to the British Petroleum Company Limited in 1954. The name British Petroleum Company PLC was adopted in 1982. After merging with Amoco in 1998, the corporation took the name BP Amoco before assuming the name BP PLC in 2000.
Is BP pulling out of Russia?
BP BP -6.00%▼ PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings, including its stake in government-controlled oil producer Rosneft, ROSN 2.86%▲ by far the biggest financial hit tallied by companies pulling back from the country after its invasion of Ukraine.
Is BP owned by Exxon?
At the time of the merger, Exxon was the world's largest energy company while Mobil was the second-largest oil and gas company in the United States. The merger announcement followed shortly after the merge of BP and Amoco, which was the largest industrial merger at the time. Formally, Mobil was bought by Exxon.
Who owns Shell Oil company BP?
The “Shell” Transport and Trading Company, a U.K.-registered company, has a 40% interest in the group, and the remaining 60% is owned by the Royal Dutch Petroleum Company, a Netherlands company. Collectively, the group is involved in oil and gas exploration, production, refining, transportation, and marketing.
Is Shell still buying oil from Russia?
Oil giant Shell has confirmed it will take a hit of up to $5bn (£3.8bn) from offloading its Russian assets as part of plans to withdraw from the country. The firm has pledged to no longer buy oil, but contracts signed before the invasion of Ukraine will be fulfilled.
What company does BP own?
In March 2017, the company acquired Clean Energy's biomethane business and assets, including its production sites and existing supply contracts.
When did the British government sell BP?
This sale represented slightly more than 5% of BP's total shares and reduced the government's ownership of the company to 46%. On 19 October 1987 , Prime Minister Margaret Thatcher authorized the sale of an additional GBP7.5 billion ($12.2 billion) of BP shares at 333 pence, representing the government's remaining 31% stake in the company.
What oil company did John Browne buy?
Under John Browne, British Petroleum acquired other oil companies, transforming BP into the third largest oil company in the world. British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998, becoming BP Amoco plc. Most Amoco stations in the United States were converted to BP's brand and corporate identity. In 2000, BP Amoco acquired Atlantic Richfield Co. (ARCO) and Burmah Castrol. Together with the acquisition of ARCO in 2000, BP became owner of a 33.5% stake in the Olympic Pipeline. Later that year, BP became an operator of the pipeline and increased its stake up to 62.5%.
What is BP oil?
BP plc (official styling BP p.l.c., formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world's seven oil and gas " supermajors ". It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, power generation, and trading. It also has renewable energy interests in biofuels, wind power, smart grid, and solar technology .
How many gallons of oil were leaking from the Alaska pipeline?
According to the Alaska Department of Environmental Conservation (ADEC), a total of 212,252 US gallons (5,053.6 bbl; 803.46 m 3) of oil was spilled, covering 2 acres (0.81 ha) of the North Slope. BP admitted that cost-cutting measures had resulted in a lapse in monitoring and maintenance of the pipeline and the consequent leak. At the moment of the leak, pipeline inspection gauges (known as "pigs") had not been run through the pipeline since 1998. BP completed the clean-up of the spill by May 2006, including removal of contaminated gravel and vegetation, which was replaced with new material from the Arctic tundra.
What is BP upstream?
BP Upstream's activities include exploring for new oil and natural gas resources, developing access to such resources, and producing, transporting, storing and processing oil and natural gas. The activities in this area of operations take place in 25 countries worldwide. In 2018, BP produced around 3.7 million barrels per day (590 × 10#N#^#N#3 m 3 /d) of oil equivalent, of which 2.191 million barrels per day (348.3 × 10#N#^#N#3 m 3 /d) were liquids and 8.659 billion cubic feet per day (245.2 million cubic metres per day) was natural gas, and had total proved reserves of 19,945 million barrels (3,171.0 × 10#N#^#N#6 m 3) of oil equivalent, of which liquids accounted 11,456 million barrels (1,821.4 × 10#N#^#N#6 m 3) barrels and natural gas 49.239 trillion cubic feet (1.3943 trillion cubic metres). In addition to the conventional oil exploration and production, BP has a stake in the three oil sands projects in Canada.
How much oil does BP produce?
In 2018, BP's total production in the United States included 385,000 barrels per day (61,200 m 3 /d) of oil and 1.9 billion cubic feet per day (54 million cubic metres per day) of natural gas, and its refinery throughput was 703,000 barrels per day (111,800 m 3 /d).
Where does BP trade?
BP trades on the London Stock Exchange (LSE), the Frankfurt Stock Exchange (FRA), and the New York Stock Exchange (NYSE). It is also one of the components of the FTSE 100 Index. Many investors favor BP's stock because of the dividend it pays.
What is BP oil?
BP Plc ( BP ), commonly known as British Petroleum, is one of the world’s largest integrated oil and gas companies. The company is involved in almost every step of the oil and natural gas supply chain, from exploration to the sale and marketing of energy products. 1 BP also engages in producing renewable energy through the wind farms ...
What was the Deepwater Horizon oil spill?
The company is probably best known for the Deepwater Horizon oil spill, which was caused by an explosion in the Gulf of Mexico in 2010. It was the largest oil spill in U.S. history, leaking 134 million gallons of oil into the Gulf and killed 11 people. 6 The incident cost the company billions of dollars.
Who owns Aral fuel stations?
Castrol manufactures industrial and automotive lubricants for the international market. Aral AG is the owner of Aral-branded fuel stations in Germany and Luxembourg. BP America owns most of ARCO's assets as well as convenience ...
Who owns Arco?
BP America owns most of ARCO's assets as well as convenience store chain ampm. BP purchased Amoco, the largest producer of oil and natural gas in the United States. Wild Bean Cafe operates in conjunction with gas stations in certain foreign countries.
Does BP sell lubricants?
It makes sense for BP to sell its own lubricants at its gas stations. 9 Many drivers check and top-off their oil when they fill up with gasoline. By selling its own lubricants at its gas stations, BP makes even more money from its customers.
Why did BP spin off operations in Iraq?
BP's plan to spin off operations in Iraq is likely to provide the oil giant with more flexibility to invest in low-carbon energy and reduce its spending on oil and gas.
Is BP going to spin off in Iraq?
BP Plc is planning to spin off its operations in Iraq into a standalone company, the Wall Street Journal reported on Friday, as the oil major looks to shift focus to low carbon investments. The new company would hold BP's interest in Iraq's giant Rumaila oil field and be jointly owned by China National Petroleum Corp, one of BP's partners at the site, the report said, citing people familiar with the matter.
Overview
BP plc (official styling BP p.l.c., formerly The British Petroleum Company plc and BP Amoco plc) is a British oil and gas company headquartered in London, England. It is one of the world's seven oil and gas "supermajors". 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, …
History
In May 1908, a group of British geologists discovered a large amount of oil at Masjed Soleyman located in the Khuzestan Province in the southwest of Persia (Iran). It was the first commercially significant find of oil in the Middle East. William Knox D'Arcy, by contract with Ali-Qoli Khan Bakhtiari, obtained permission to explore for oil for the first time in the Middle East, an event which changed the history of the entire region. The oil discovery led to petrochemical industry de…
Operations
As of 31 December 2018 , BP had operations in 78 countries worldwide with the global headquarters in London, United Kingdom. BP operations are organized into three business segments, Upstream, Downstream, and renewables.
Since 1951, BP has annually published its Statistical Review of World Energy, which is considered an energy industry benchmark.
Corporate affairs
Helge Lund is chairman of BP plc board of directors with Bernard Looney as chief executive officer.
As of February 2020, the following individuals serve on the board:
• Helge Lund (chairman)
• Bernard Looney (chief executive officer)
Environmental record
Prior to 1997, BP was a member of the Global Climate Coalition, an industry organisation established to promote global warming scepticism, but withdrew in 1997, saying "the time to consider the policy dimensions of climate change is not when the link between greenhouse gases and climate change is conclusively proven, but when the possibility cannot be discounted and is taken seriously by the society of which we are part. We in BP have reached that point.". BP was d…
Violations and accidents
Citing conditions similar to those that resulted in the 2005 Texas City Refinery explosion, on 25 April 2006, the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) fined BP more than $2.4 million for unsafe operations at the company's Oregon, Ohio refinery. An OSHA inspection resulted in 32 per-instance wilful citations including locating people in vulnerable buildi…
Political influence
BP lobbied the British government to conclude a prisoner-transfer agreement which the Libyan government had wanted to secure the release of Abdelbaset al-Megrahi, the only person convicted for the 1988 Lockerbie bombing over Scotland, which killed 270 people. BP stated that it pressed for the conclusion of prisoner transfer agreement amid fears that delays would damage its "commercial interests" and disrupt its £900 million offshore drilling operations in the region, but i…
Market manipulation investigations and sanctions
The US Justice Department and the Commodity Futures Trading Commission filed charges against BP Products North America Inc. (subsidiary of BP plc) and several BP traders, alleging they conspired to raise the price of propane by seeking to corner the propane market in 2004. In 2006, one former trader pleaded guilty. In 2007, BP paid $303 million in restitution and fines as part of an agreement to defer prosecution. BP was charged with cornering and manipulating the price o…