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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BP bets on offshore in Gulf of Mexico
NEWS
USA - June 27, 2017

While others bet on shale, BP seeks to capitalise on its existing infrastructure and on low service fees to expand its exploration and development in the Gulf of…

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Saudi reserves top spot for oil
NEWS
Multinational - June 21, 2017

Saudi Arabia has moved up to the top spot in terms of proven, probable and expected reserves, beating out the US and Russia with 73 billion barrels of recoverable oil…

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BP marks 40 years at Prudhoe Bay
NEWS
USA - June 20, 2017

Supermajor BP said on Monday it was celebrating 40 years of production at Alaska’s Prudhoe Bay oilfield, naming it as “the most productive US oil field of all…

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Interview
Mexico - June 12, 2017

Paul Augé, Vice-president of business development for LATAM, BP Downstream, talks to TOGY about capitalising on the surge in product demand resulting from Mexico’s…

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Interview
Trinidad and Tobago - June 06, 2017

Peter Ghany, managing director of ESAU Oilfield Supplies, talks to TOGY about the the ways plants are compensating for curtailments in gas supply in Trinidad and…

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BPTT announces finds, Angelin green light
NEWS
Trinidad and Tobago - June 02, 2017

BP Trinidad and Tobago (BPTT) enters June with a flurry of activity. On Friday, the company not only announced two discoveries at the Macadamia and Savannah exploration…

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BP follows through on ACG commitment
NEWS
Azerbaijan - June 01, 2017

BP is expected to sign its contract for the extension of its production-sharing contract for the Azeri-Chirag-Guneshli fields off Azerbaijan later this month, thus…

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