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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Iran announces oil contract overhaul
NEWS
Iran - November 30, 2015

Iran announced an overhaul of its oil and gas contracts, introducing long-term stakes and profits for foreign investors. The government expects $30 billion in bids for…

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Aker Solutions wins BP offshore contract
NEWS
Norway - November 27, 2015

BP has awarded Aker Solutions a $369-million contract to provide maintenance and modification services in the North Sea.

The contract for work on BP fields offshore…

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Alaska buys TransCanada LNG stake
NEWS
USA - November 25, 2015

The US state of Alaska has completed a purchase of TransCanada’s 25-percent stake in the Alaska LNG project.

The state spent $65 million to acquire the share,…

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John DENNIS
Interview
Angola - November 18, 2015

UK Ambassador to Angola John Dennis talks with TOGY about the future of the UK’s commitment to the country. In 2013 the Angolan and UK governments signed the High…

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BP’s Great Bight plan rejected
NEWS
Australia - November 17, 2015

Drilling activity in the Great Australian Bight was postponed further after the country’s National Offshore Petroleum Safety and Environmental Management Authority…

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BP eager on offshore Egypt gas project
NEWS
Egypt - November 06, 2015

BP is fast-tracking a deepwater gas project offshore Egypt following the signing of a heads of agreement with the Egyptian government, the super-major said on Thursday.…

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US’ NextDecade lines up LNG buyers
NEWS
USA - November 06, 2015

US LNG player NextDecade has signed preliminary agreements with Asian and European buyers to sell a total of 14 million tonnes per year (tpy) of LNG ahead of the…

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Monadelphous wins slew of contracts
NEWS
Australia - November 02, 2015

Monadelphous has been awarded a number of contracts by clients including BP and upstream independent Woodside Petroleum worth a total of $150 million, the Australian…

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