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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Oil stocks take hits upon Brexit vote
NEWS
UK - June 24, 2016

London-listed super-majors, medium-sized operators and hydrocarbons engineering companies all saw their share prices take beating on Friday as stock markets woke up to…

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Companies assess UK vote to leave EU
NEWS
UK - June 24, 2016

BP, Shell and PwC, among others, weighed in on the outcome of the UK vote to leave the EU, making their first cautious statements regarding the road ahead on…

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Sonangol announces pre-salt find
NEWS
Angola - June 22, 2016

The discovery of additional gas reserves in the offshore Kwanza Basin have been deemed commercial, Angola’s Sonangol announced on Wednesday.

The Zalophus-1…

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Trinidad to feel the pinch
NEWS
Trinidad and Tobago - June 21, 2016

Suffering from dwindling fiscal revenues on account of lower oil and gas prices, Trinidad and Tobago’s fiscal deficit is projected to widen to more than 10% of GDP,…

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BP’s Atoll gets green light
NEWS
Egypt - June 20, 2016

BP on Monday announced a final investment decision on phase one of Atoll gas development project in Egypt, where it seeks to achieve first gas in 2018. Located in the…

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BP, Rosneft create exploration entity
NEWS
Russia - June 17, 2016

Rosneft and BP, a 19.75% shareholder in the majority government-owned company, will create a dedicated joint venture for exploration work in Russia, the companies…

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BP keeps Rosneft stake
NEWS
Russia - June 15, 2016

BP will hold on to its 19.75% share in Russian energy major Rosneft, group executive Bob Dudley was quoted as saying on Wednesday. The Russian government is working to…

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China oil and gas reserves increase
NEWS
- June 13, 2016

Better technology and greater exploration efforts have raised China’s estimated hydrocarbons reserves, data released by the Ministry of Land and Resources revealed on…

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