BP

BP p.l.c. is a British publicly listed integrated energy company headquartered at 1 St James’s Square, London. Originating in 1909 as the Anglo-Persian Oil Company, it has developed into a vertically integrated oil and gas major active across hydrocarbon exploration and production, refining, distribution and marketing, power generation and trading. As of 2024, BP operates in around 61–75 countries, produces about 2.4 million barrels of oil equivalent per day and holds significant proved reserves. It runs a global retail network of about 21,200 service stations under brands including BP, Amoco and Aral and markets lubricants through the Castrol brand. In 2024 the group employed roughly 100,500 people, generated revenue of around $190–195 billion and maintained membership of major indices such as the FTSE 100 and the Fortune Global 500. BP is organized into three main business groups – Production & Operations, Customers & Products, and Gas & Low Carbon Energy – supported by technology and trading & shipping. The gas and low carbon segment covers natural gas production and marketing, LNG and power trading, together with solar, offshore and onshore wind, hydrogen and carbon capture and storage projects; it includes initiatives such as the 100MW Lingen Green Hydrogen project in Germany and a 50:50 offshore wind joint venture with JERA targeting about 13GW of potential capacity. Customers & Products comprises retail and convenience fuels, EV charging (including more than 39,000 charge points and the Aral pulse and bp pulse networks), aviation fuels, Castrol lubricants, refining, oil trading and bioenergy, including full ownership of bp bioenergy in Brazil. BP’s strategy focuses on growing the upstream oil and gas portfolio, focusing the downstream, and investing with discipline in transition businesses, under a sustainability frame that includes aims for net zero operations and sales and broader objectives on people, biodiversity and water.