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 and Det Norske combine for Norway
NEWS
Norway - June 10, 2016

BP has joined forces with Det Norske Oljeselskap in a NOK 10.8-billion (USD 1.33-billion) merge of their Norwegian assets into a JV company, the super-major stated…

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Angola rolls out LNG
NEWS
Angola - June 07, 2016

Angola’s renovated LNG facility has put up for bidding its first gas cargo since the plant shut down in April 2014, Reuters reported today.

Angola LNG loaded the…

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ONGC Videsh to begin trading oil
NEWS
India - May 31, 2016

India’s ONGC Videsh (OVL) has signed a memorandum of understanding with Azerbaijan’s state energy firm, SOCAR, to begin trading oil on May 27 in Geneva.

The…

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Qatar’s Al Shaheen draws bids
NEWS
Qatar - May 26, 2016

Qatar is putting its biggest offshore oilfield on the bidding table, with many large oil players already submitting their offers, according to Reuters.

The Al…

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EBRD to finance Trans-Anatolian pipeline
NEWS
Azerbaijan - May 26, 2016

The European Bank for Reconstruction and Development (EBRD) has begun negotiations with Azerbaijan and Turkey to finance the Trans-Anatolian gas pipeline, a bank…

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BP moves to explore Azerbaijan
NEWS
Bahrain - May 26, 2016

BP and State Oil Company of Azerbaijan (SOCAR) agreed to explore Block D230 in Azerbaijan’s North Absheron Basin on Wednesday.

The memorandum of understanding was…

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Iraq to increase production
NEWS
UK - May 25, 2016

Iraq intends to continue boosting oil production to reach its goal of 6 million bpd by 2020, Salih Husain Ali, ambassador of the embassy of the Republic of Iraq in…

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Southern Gas Corridor progresses
NEWS
Azerbaijan - May 12, 2016

Work on the Southern Gas Corridor, the umbrella term for pipeline projects that will enable gas exports from Azerbaijan’s Shah Deniz fields to Europe via Turkey, is…

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