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, Oman amend EPSA
NEWS
Oman - November 08, 2016

BP and Oman on Tuesday agreed to amend the Oman Block 61 exploration and production sharing agreement (EPSA) in order to extend the licensing area and pave the way for…

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Oman to hit 1 million bopd in 2016
NEWS
Oman - November 07, 2016

Oman is on track to achieving an average yearly production of more than 1 million bopd for the first time, Minister of Oil and Gas Mohammed bin Hamad Al Rumhy said on…

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India fines Reliance USD 1.55 billion
NEWS
India - November 04, 2016

The Indian government on Friday fined Reliance Industries and its partners BP and Niko Resources USD 1.55 billion for extracting gas belonging to state firm ONGC,…

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Interview
Malaysia - October 31, 2016

TOGY talks to Hernando Caceres, director of oil & gas for DNV GL Malaysia, about how the Malaysian oil and gas industry is responding to the current market conditions…

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Mozambique appoints new energy minister
NEWS
Mozambique - October 20, 2016

Leticia Klemens, former chairwoman of the International Bank of Mozambique and of the Association of Mozambican Businesswomen, was appointed energy minister of the…

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Mexico eases deepwater development rules
NEWS
Mexico - October 14, 2016

Mexico’s upstream regulator decided on Friday to ease rules for foreign companies seeking a partnership with the state oil company Petroleos Mexicanos (Pemex) to…

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BP axes controversial Australian venture
NEWS
Australia - October 11, 2016

BP will halt exploration in the Great Australian Bight, the energy giant announced Tuesday, halting development of an area estimated to hold as much oil as the Gulf of…

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