BP’s main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. BP's aromatics and acetyls businesses have been added to the Refining and Marketing segment with its main petrochemical products being benzene, paraxylene, purified terephthalic acid (PTA), acetic acid and acetic anhydride.
BP’s business has always been one with a ‘long stride’. The company’s continued development for the long-term over the next five to ten years and beyond has been an area of strategic focus for the company and its board of directors.
BP aims to improve the quality and capability of its manufacturing portfolio. It will continue to build deep customer relationships and strategic partnerships in the business-to-business (B2B) sector. BP has proprietary technology in petrochemicals as well as strong positions in the Asian markets.
BP has around 92,000 employees, a turnover of $361bn (2008) and operations in 100 countries on six continents.
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Key Personnel
Chairman: Peter Sutherland
Chairman-designate and non-executive director: Carl-Henric Svanberg (takes over as chairman on 01/01/2010)
Group chief executive: Tony Hayward
Managing director and CEO (exploration & production): Andy Inglis
Chief financial officer: Byron Grote
Chief executive (refining and marketing): Ian Conn
Board member: Robert Dudley
(Updated September 2009)
Contacts
BP Plc
1 St James's Square
London SW17 4PD
UK
Tel.: +44 020 7496 4000
Fax: +44 020 7496 4630
BP (Chemicals)
Building A, Chertsey Road
Sunbury-on-Thames
Middlesex TW16 7LL
UK
Tel: +44 01932 774 321
Fax: +44 01932 774 372
www.bp.com
BP
Company Structure
BP’s main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. BP was founded in 1909 as the Anglo-Persian Oil Co to develop oil fields in Persia (Iran). At that time, 97% of the shares were owned by Burmah Oil but in 1914 the UK government injected 2m of new capital into the company in return to a majority shareholding. Much later, the government's shareholding was reduced and ended in 1987 apart from a tiny residual holding. Meanwhile, in 1935, the company was renamed Anglo-Iranian Oil Co.
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BP
Strategy & Financial Highlights
BP’s continued development for the long-term over the next five to ten years and beyond has been an area of strategic focus for the company and its board of directors. Each of its operating segments: Exploration and Production, Refining and Marketing, and Gas, Power and Renewables have a focussed strategy. (Edited from 'chairman's letter' and 'group chief executive's review'). ICIS also provides you with key financial data listed in table form.
More about BP Strategy & Financial Highlights
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