BP

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.

BP participates in all segments of the oil and gas sector, including exploration, production, 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 solar subsidiary Lightsource BP.
• 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, lubricants, aviation fuel, B2B and midstream, refining and oil trading, and bioenergy.

In recent years, BP has refocused its investment strategy toward oil and gas, reducing its near-term commitments to green energy.