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 80,300 employees, a turnover of $297bn (2010) and operations in 100 countries on six continents.
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Chairman: Carl-Henric Svanberg
Group chief executive: Robert Dudley
Chief financial officer: Byron Grote
Chief executive (refining and marketing): Ian Conn
Chief executive (exploration and production): Andy Inglis
Executive director: Tony Hayward
Non-executive director: Paul Anderson
Non-executive director: Antony Burgmans
Non-executive director: Cynthia CarrollNon-executive director: William Castell
Non-executive director: George David
Non-executive director: Ian Davis
Non-executive director: Douglas Flint
Non-executive director: DeAnne Julius
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
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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On 20 April 2010, an explosion at the BP-operated rig Deepwater Horizon off the coast of Louisiana, US killed 11 people and ruptured an undersea oil well. On the back of this, BP reported a $16.97bn replacement cost loss for the second quarter of 2010, which included a charge of $32.2bn related to the Gulf of Mexico oil spill. ICIS also provides you with key financial data listed in table form.
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