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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Iraq lists conditions for joining freeze
NEWS
Iraq - September 08, 2016

While not opposed to the idea of freezing oil production as a means to stabilise global oil markets, Iraq does have certain conditions that need to be met, a top…

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BP’s Azeri output to remain level
NEWS
Azerbaijan - September 07, 2016

BP on Wednesday said it does not expect to increase production from its fields in Azerbaijan in 2017, adding it would support the country in backing measures aimed at…

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Trio enters into seismic pact
NEWS
Russia - September 02, 2016

BP, Rosneft and Schlumberger on Friday announced they would be collaborating on seismic research and development through technology agreements.

Signed on the…

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US producers team up for Mexico bid
NEWS
Mexico - August 19, 2016

Chevron, ExxonMobil and Hess have reportedly reached a joint operating agreement that will allow the US producers to bid as a consortium for drilling rights in the…

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India urged to unlock gas potential
NEWS
India - August 17, 2016

India can reduce its import bill by increasing its domestic gas production, a BP executive said at a conference on Tuesday, adding that the country has the potential to…

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Eni to market Zohr stake
NEWS
Egypt - August 12, 2016

Eni is reportedly courting several fellow international oil companies for a stake in its Zohr gasfield offshore Egypt, people familiar with the matter said on…

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Iraq, IOCs agree to raise investment
NEWS
Iraq - August 11, 2016

International oil companies (IOCs) BP, Lukoil and Shell have agreed to resume investment in oilfield development projects in Iraq from the second half of 2016 onwards,…

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Trinidad’s hydrocarbons and hydrogen prospects Kevin-RAMNARINE
Interview
Trinidad and Tobago - August 10, 2016

TOGY talks to Trinidad and Tobago’s former Minister of Energy and Energy Affairs Kevin Ramnarine about current deepwater plays and how he views the future of…

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