Salem bin ASHOOR

Chief Representative and General Manager, UAE

BP

The aim is to diversify away from traditional fossil fuel production faster than any of our peers while significantly scaling up our low-carbon energy investments.
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BP In Figures

2022 revenue: USD 248.9 billion

2022 EBITDA: USD 60.7 billion

BP is a multinational oil and gas company headquartered in London. It is among the oil and gas supermajors and one of the world’s largest companies by revenue. The company is listed on the London Stock Exchange and the New York Stock Exchange with the ticker BP.

BP participates in all segments of the oil and gas sector, including exploration, extraction, refining, distribution and marketing. It is also involved in power generation and various forms of trading. The company divides its activity into three business groups:

  • Gas and low-carbon energy, which includes the integrated gas and LNG businesses, onshore and offshore wind, hydrogen and CCS, gas and power trading, marketing of renewable and non-renewable power, and BP’s 50% stake in Lightsource
  • Production and operations, including exploration, development of hydrocarbons resources, operation of oil and gas assets, and operation of refineries, terminals and pipelines
  • Customers and products is BP’s largest business by revenue. It includes retail fuel operations, EV charging stations, Castrol-brand lubricants, aviation fuel, B2B and midstream, refining and oil trading, and bioenergy

As of 2022, the company’s upstream production was around 2.3 million bopd, and it had 2.2 GW of installed renewable capacity. The company has about 20,650 retail sites in 70 countries around the world, and 22,000 EV charging stations.

BP News and Interviews

Abu Dhabi’s ADNOC inks LNG supply deal with Indian Oil
NEWS
UAE - September 09, 2024

Abu Dhabi's ADNOC has signed a 15-year LNG deal for the supply of 1 million tonnes per year to Indian Oil.

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KBR wins engineering contract for Brazilian FPSOs
NEWS
Brazil - September 09, 2024

KBR has won engineering contracts from Seatrium for the topsides facilities of two new FPSOs to be deployed by Petrobras in…

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Equinor cancels wind projects in Spain, Vietnam, Portugal
NEWS
Multinational - September 05, 2024

Equinor has cancelled offshore wind projects in Spain and Portugal and exited Vietnam's offshore wind market.

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Perenco picks up four BP gasfields in Trinidad
NEWS
Trinidad and Tobago - September 04, 2024

BP has divested four offshore gasfields in Trinidad and Tobago to French independent Perenco.

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CEFC eyes Rosneft stake: report
NEWS
Russia - August 17, 2017

Private energy group CEFC China Energy is considering buying a stake in Russia’s Rosneft, international media reported on Thursday.

An investment deal of…

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A champion of energy services in Trinidad and Tobago Vernon-PALTOO
Interview
Trinidad and Tobago - August 16, 2017

Vernon Paltoo, National Energy Corporation of Trinidad and Tobago Limited (National Energy) president, talks to TOGY about the company’s future objectives and…

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BPTT’s Juniper project begins production
NEWS
Trinidad and Tobago - August 14, 2017

The Juniper project offshore Trinidad and Tobago has begun production, BP announced Monday.

The USD 2-billion Juniper project is expected to have a production…

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ADNOC to split Adma-Opco concession
NEWS
Abu Dhabi - August 08, 2017

Abu Dhabi National Oil Company (ADNOC) will divide the Adma-Opco concession into two or more parts and is in advanced talks with more than a dozen potential partners,…

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BP back to black on low price expectations
NEWS
Multinational - August 01, 2017

BP made USD 144 million in profit in Q2, up from a loss of USD 1.42 billion a year earlier, the super-major announced Tuesday.

H1 profit stood at USD 1.59 billion,…

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Interview
Abu Dhabi - July 27, 2017

Salem Ashoor, the general manager and chief representative of BP UAE, talks to TOGY about the Adma-Opco and Zadco merger, the OPEC production cap, moving forward during…

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BP talks North Sea divestment: report
NEWS
UK - July 20, 2017

Super-major BP is in talks over a possible sale of its production assets in the North Sea, international media reported on Thursday.

“At the minute, there’s been…

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