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BP

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
Abu Dhabi’s ADNOC inks LNG supply deal with Indian Oil
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
KBR wins engineering contract for Brazilian FPSOs
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
Equinor cancels wind projects in Spain, Vietnam, Portugal
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
Perenco picks up four BP gasfields in Trinidad
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 expands Australia retail footprint
NEWS
BP expands Australia retail footprint
Australia - December 28, 2016

Australian grocer Woolworths on Wednesday announced it would let go of its fuel retail business, selling its stations to BP.

Valued at USD 1.29 billion, the…

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Eni bags Egypt concession deals
NEWS
Eni bags Egypt concession deals
Egypt - December 28, 2016

Eni on Tuesday inked concession agreements for two shallow-water blocks in the Egyptian waters of the Mediterranean, the Italian major said in a statement.

The two…

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NNPC signals increase in gas reserves
NEWS
NNPC signals increase in gas reserves
Nigeria - December 27, 2016

In his year-end address to Nigeria National Petroleum Corporation staff, Group Managing Director Maikanti Baru on Monday said the country’s gas reserves had…

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BP commits to Azerbaijan
NEWS
BP commits to Azerbaijan
Azerbaijan - December 26, 2016

BP, through the Azerbaijan International Operating Company (AIOC), on Friday inked a letter of intent (Lol) with SOCAR that will see the company commit to the further…

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World Bank OKs loans to Azerbaijan, Iraq
NEWS
World Bank OKs loans to Azerbaijan, Iraq
Azerbaijan - December 21, 2016

The World Bank on Tuesday approved a USD 800-million loan to Azerbaijan and Turkey for the Trans-Anatolian gas pipeline (TANAP) project and a separate USD 1.49-billion…

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BP hits Rumaila milestone
NEWS
BP hits Rumaila milestone
Iraq - December 20, 2016

BP and its partners in the Rumaila oilfield development project in Iraq have produced the 3 billionth barrel of oil, the company announced on Tuesday.

Working under…

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Oman still on track for 1 million bopd
NEWS
Oman still on track for 1 million bopd
Oman - December 19, 2016

Oman remains on track for keeping average 2016 production above 1 million bopd, data from the National Center for Statistical Information released on Sunday revealed.…

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BP inks Abu Dhabi concession deal
NEWS
BP inks Abu Dhabi concession deal
Abu Dhabi - December 19, 2016

BP on Friday acquired a 10% interest Abu Dhabi’s onshore concession managed by Abu Dhabi Company for Onshore Petroleum Operations (ADCO).

The deal, signed with…

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