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, KPC strengthen ties
NEWS
Kuwait - March 30, 2016

BP and Kuwait Petroleum Corporation (KPC) have inked a framework agreement that will see the two companies explore avenues for joint investment and co-operation in oil…

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The main driver of legal services in Egypt are joint ventures, for a number of reasons.
Interview
Egypt - March 30, 2016

Hugh Fraser, a partner at Andrews Kurth law firm, talks to TOGY about the forces shaping demand for legal advice in Egypt’s energy market, the vital role joint…

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Alistair MacLeod
Interview
Azerbaijan - March 29, 2016

Exxon Azerbaijan (a member of the ExxonMobil group of companies) has had a presence in Azerbaijan since 1994 and has an 8% equity share in the Azeri-Chirag-Guneshli…

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Partners abandon Australia LNG venture
NEWS
Australia - March 23, 2016

Operator Woodside Petroleum on Wednesday announced it would be shelving the Browse LNG project off Western Australia. The USD 40-billion venture, carried out in…

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First BP Oman Khazzan gas in 2017
NEWS
Oman - March 21, 2016

BP Oman expects to complete the development phase of its Khazzan natural gas project by 2017, targeting first gas production by the end of that year, the company said…

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Statoil facility in Algeria attacked
NEWS
Algeria - March 18, 2016

Statoil reported an attack on its Krechba gas asset in Algeria on Friday morning. The asset is part of the In Salah project, jointly operated by BP, state-owned…

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Russian proven reserves running out
NEWS
Russia - March 17, 2016

Proven oil reserves in Russia will be depleted by 2044, according to Sergei Donskoi, minister of Natural Resources and Environment. Speaking to Russian newspaper…

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Angola LNG to start up in July
NEWS
Angola - March 16, 2016

José Maria Botelho de Vasconcelos, Angola’s minister of petroleum, told reporters in China on Tuesday that the country aims to bring Angola LNG back online by July…

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Indian firms pick up Rosneft assets
NEWS
India - March 16, 2016

Indian multinational Oil and Natural Gas Corporation (ONGC), Oil India, Indian Oil and Bharat Petroresources are set to acquire stakes in Russian assets held by…

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