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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Rosneft acquires Zohr stake
NEWS
Egypt - December 12, 2016

Following an expression of interest last week, Russia’s Rosneft on Monday followed through and acquired a 30% participating interest in Eni’s Shourouk concession,…

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Shell returns to Iran after sanctions
NEWS
Iran - December 07, 2016

Shell signed a non-binding memorandum of understanding with the National Iranian Oil Company on Wednesday to develop the Kish natural gasfield and the South Azadegan…

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Chevron least exposed to OPEC cuts
NEWS
December 07, 2016

Among the word’s major oil companies, Chevron has the smallest share of production in the countries that have said they would reduce production, data from Norwegian…

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Rosneft mulls jumping Zohr bandwagon
NEWS
Egypt - December 06, 2016

Rosneft is considering following BP in acquiring a stake in Eni’s Shorouk concession offshore Egypt.

In a statement on Monday, the Russian company said its board…

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BP ups Tangguh LNG stake
NEWS
Indonesia - December 06, 2016

BP on Monday confirmed the purchase of an additional stake in Indonesia’s Tangguh LNG project from Repsol.

In a USD 313-million transaction, BP expanded its…

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Port of Spain, Caracas in gas deal
NEWS
Trinidad and Tobago - December 06, 2016

Venezuela will supply natural gas to Trinidad and Tobago from its offshore Dragon field under a deal signed by the leaders of the two nations in Caracas on…

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Interview
India - December 1, 2016

TOGY talks to B. C. Tripathi, chairman and managing director of GAIL, about the company’s current operations, the rise of LNG in India and opportunities for investors…

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India to splash deepwater billions
NEWS
India - December 01, 2016

Deepwater gasfields off India’s eastern coast will be the centre of attention over the next few years, as India is gearing up to develop gas discoveries to the tune…

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