Bp 7s Analysis

Decent Essays
BP plc[3][4] (LSE: BP, NYSE: BP) is a British multinational oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors".[5][6] It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production,refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy activities in biofuelsand wind power.
BP has operations in over 80 countries, produces around 3.4 million barrels of oil equivalent per day and has around 21,800 service stations worldwide.[7][8] Its largest division is BP America,
…show more content…
But the company "Iraq Petroleum Company" still remains extant as a name on paper,[37] and one of its associated company—Abu Dhabi Petroleum Company(ADPC), formerly Petroleum Development (Trucial Coast) Ltd—also continues with the original shareholding intact.[38][39]
The intensified power struggle between oil companies and host governments in Middle East, along with the oil price shocks that followed the 1973 oil crisis; meant British Petroleum lost most of its direct access to crude oil supplies produced in countries that belonged to the Organization of Petroleum Exporting Countries (OPEC), and prompted it to diversify its operations beyond the heavily Middle East dependent oil production. In 1978 the company acquired a controlling interest in Standard Oil of Ohio or Sohio, a breakaway entity from former Standard Oil following the anti-trust litigation of 1911.[40] In Iran, British Petroleum continued to operate until the Islamic Revolution in 1979. The new regime of Ayatollah Khomeini confiscated all of the company's assets in Iran without compensation, bringing to an end its 70-year presence in Iran.[citation needed]
1979 to 2000

Classic shield logo, designed byRaymond Loewy, updated in 1989, and used until
Get Access