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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Amec Foster Wheeler bags BP deal
NEWS
Multinational - April 07, 2017

Amec Foster Wheeler on Friday secured a three-year global framework contract with BP for engineering, procurement support and project management services.

The work…

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Norwegian oil fund hits growth target
NEWS
Norway - April 07, 2017

The Norwegian central bank announced on Friday that for the first time since the inception of the country’s sovereign oil fund, total returns had surpassed the full…

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BP to develop Indonesia retail business
NEWS
Indonesia - April 06, 2017

BP and AKR Corporindo, a local petroleum and chemicals company, have agreed to set up a joint venture to operate fuel retail stations in Indonesia.

The tie-up, which…

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BP in USD 250-million divestment
NEWS
UK - April 03, 2017

BP will sell its Forties Pipeline System (FPS), including both on- and offshore conduits, to chemicals company INEOS, the super-major announced on Monday.

INEOS will…

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BP relying on retail
NEWS
Multinational - March 29, 2017

BP sees growth in fuel retail marketing, the company’s chief executive for the downstream segment, Tufan Erginbilgic, said in an in interview on Wednesday.…

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Interview
Trinidad and Tobago - March 29, 2017

TOGY talks to Helena Inniss, executive director of Kronus Geological Services and former director of resource management for the Ministry of Energy and Energy…

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EU court defends Rosneft sanctions
NEWS
Russia - March 28, 2017

The Court of Justice of the European Union ruled on Tuesday that EU sanctions against the Russian oil giant Rosneft were “valid,” though they should not apply to…

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BP hits Egypt gas pay
NEWS
Egypt - March 27, 2017

BP on Monday announced a gas discovery offshore Egypt in the East Nile Delta’s North Damietta concession area.

The discovery of 37 metres of net gas pay was made…

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