BP

BP plc. is a British multinational with operations in the energy industry. The company’s history dates back to 1908 on the establishment of Persian Oil Company a subsidiary of Burmah Oil Company contracted to exploit oil in Iran. The company transitioned into Anglo Iranian Oil Company, which later adopted the name British Petroleum in 1954.

The company operates under three segments of Upstream focused on oil and natural gas exploration, downstream, which refines, manufactures transports, supplies crude oil, and other petroleum products. Rosneft is a segment under BP engaged in the exploration and production of hydrocarbons.

Headquartered in London, BP has grown to become one of the biggest oil and gas companies in the world. It currently has operations in over 80 countries with over 18,700 service stations around the world.

The British multinational has its stock listed on the London Stock Exchange as well as Frankfurt Stock Exchange and New York Stock Exchange.

Latest BP News

BP reports a 40% decline in profits in the third quarter

The ongoing U.S – China trade tensions have had an impact on global oil demand. Owing to the reduced oil prices, London based multinational oil and gas company, British Petroleum (BP), has posted a significant drop in Q3 profits for...

BP share price: Group to sell mature Egypt assets

BP (LON:BP) has inked a deal to offload mature oil assets in Egypt, the blue-chip energy group has said. The news comes after the company recently announced new production units in the Gulf of Mexico, enhancing its status as the...

BP share price: Group to ramp up Gulf of Mexico spending

BP (LON:BP) has announced new production units in the Gulf of Mexico, enhancing its status as the area’s biggest producer, Reuters has reported. The move follows the blue-chip oil major’s first-quarter results last week which saw the company post a...

BP share price steady even as profit falls in Q1

Shares in BP (LON:BP) have climbed into positive territory in London this morning even as the blue-chip oil major posted a fall in profits for the first three months of the year amid weaker crude prices during the reported period....

BP share price subdued ahead of first-quarter results

Shares in BP (LON:BP) have fallen into the red this Monday ahead of the blue-chip oil major’s first-quarter update due out tomorrow. Proactive Investors reports that Deutsche Bank expects a small drop in the company’s profit during the first three...

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