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.
Read The Full Interview

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.

READ MORE
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…

READ MORE
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.

READ MORE
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.

READ MORE
Angola LNG down, Gorgon to restart
NEWS
Angola - July 20, 2016

The Angola LNG export plant has reportedly been shut down until late-August for final tests, traders said on Wednesday. The facility had recently been restarted after a…

READ MORE
India’s DSF round open for bids
NEWS
India - July 15, 2016

India’s so-called discovered small field (DSF) bidding round, which opened for bids in May, has already attracted the majors’ attention, Indian Minister of State…

READ MORE
Pan American to invest in Argentina
NEWS
Argentina - July 15, 2016

BP unit Pan American Energy will be investing almost USD 1.5 billion in developing Argentina’s oil and gas resources, the company said late on Thursday, including…

READ MORE
BP to take Deepwater Horizon hit
NEWS
USA - July 15, 2016

BP late on Thursday said the cumulative pre-tax charge relating to the 2010 Deepwater Horizon incident in the Gulf of Mexico totals USD 61.6 billion, with the company…

READ MORE
Brexit puts damper on Shell divestments
NEWS
UK - July 08, 2016

Shell CEO Ben van Beurden, commenting on the UK vote to leave the EU, on Friday said that the outcome could affect the company’s asset sale in the North Sea fields…

READ MORE
Iraq Enquiry Report blasts Blair
NEWS
Iraq - July 06, 2016

The long-awaited Iraq Enquiry Report was unveiled in London on Wednesday, delivering a devastating critique of the way then-Prime Minister Tony Blair made the case for…

READ MORE
BP OKs Tangguh LNG expansion
NEWS
Indonesia - July 01, 2016

BP on Friday announced the approval of the final investment decision for the Tangguh LNG expansion project in Indonesia’s Papua Barat province. The project will see…

READ MORE
BP schedules first Panama Canal LNG cargo
NEWS
Trinidad and Tobago - June 29, 2016

The newly expanded Panama Canal will welcome its first LNG tanker next month, the Panama Canal Authority said late on Tuesday. The shipment will be a BP cargo aboard…

READ MORE
Total lands stake in Qatar’s Al Shaheen
NEWS
Qatar - June 28, 2016

Total late on Monday obtained a 30% stake in the Al Shaheen field, outbidding rivals BP and Shell for the 25-year contract. The deal will see the French major take over…

READ MORE