OverviewSuggest Edit

British Petroleum (BP) is an oil and petrochemical company that operates upstream, downstream, and renewables businesses. It is engaged in oil and natural gas exploration, field development and production, midstream transportation, storage, and processing, as well as the marketing and trading of natural gas, including liquefied natural gas (LNG). Its activities also include the refining, manufacturing, marketing, transportation, supply, and trading of crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers.
TypePublic
Founded1909
HQLondon, GB
Websitebp.com
Employee Ratings3.7
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)70,100(-3%)
Job Openings514
Revenue (FY, 2020)$183.5 B(-35%)
Share Price (Jun 2021)$27.5
Cybersecurity ratingCMore

Key People/Management at BP

Bernard Looney

Bernard Looney

Chief Executive Officer
Murray Auchincloss

Murray Auchincloss

Chief Financial Officer
Craig Marshall

Craig Marshall

Senior Vice President and Head of Investor Relations
Tufan Erginbilgic

Tufan Erginbilgic

Chief Executive, Downstream
Gordon Birrell

Gordon Birrell

EVP, Production & Operations
Giulia Chierchia

Giulia Chierchia

EVP, Strategy & Sustainability
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BP Office Locations

BP has offices in London, Dyce, Hull, Milton Keynes and in 58 other locations
London, GB (HQ)
1 St James's Square
Dyce, GB
1-4 Wellheads Ave
Hull, GB
Saltend Lane
London, GB
20 Canada Square, 20 Canada Square, Canary Wharf
Milton Keynes, GB
Witan Gate House, 500-600 Witan Gate
Luanda, AO
Torres Atlântico, Av. 4 de Fevereiro n.º 197
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BP Financials and Metrics

BP Revenue

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BP's revenue was reported to be $183.5 b in FY, 2020 which is a 35.1% decrease from the previous period.
USD

Revenue (FY, 2020)

183.5b

Revenue growth (FY, 2019 - FY, 2020), %

(35.1%)

Gross profit (FY, 2020)

28.2b

Gross profit margin (FY, 2020), %

15.4%

Net income (FY, 2020)

(20.7b)

EBIT (FY, 2020)

(21.7b)

Market capitalization (11-Jun-2021)

93.1b

Closing stock price (11-Jun-2021)

27.5

Cash (31-Dec-2020)

31.1b

EV

143.9b
BP's current market capitalization is $93.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

244.6b303.7b282.6b183.5b

Revenue growth, %

31%24%(7%)(35%)

Cost of goods sold

205.7b254.4b233.0b155.3b

Gross profit

38.9b49.3b49.6b28.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

56.4b57.4b60.8b69.1b76.9b80.8b67.4b73.7b69.3b59.5b31.2b44.2b

Cost of goods sold

46.7b48.7b50.3b57.3b64.5b67.3b54.1b61.4b57.9b55.2b24.1b36.9b

Gross profit

9.7b8.7b10.5b11.8b12.4b13.6b13.4b12.3b11.4b4.4b7.1b7.3b

Gross profit Margin, %

17%15%17%17%16%17%20%17%16%7%23%17%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

25.6b22.5b22.5b31.1b

Accounts Receivable

18.9b19.4b19.4b

Prepaid Expenses

1.4b963.0m857.0m1.3b

Inventories

19.0b18.0b20.9b16.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

23.8b23.3b25.8b22.2b22.2b26.2b21.3b20.7b19.7b18.1b34.2b30.7b

Accounts Receivable

16.5b

Prepaid Expenses

1.1b1.2b1.4b1.2b1.3b1.8b1.1b1.0b1.1b834.0m645.0m

Inventories

17.2b16.4b18.1b20.8b21.0b21.9b21.4b20.0b19.2b11.6b12.5b13.8b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Depreciation and Amortization

15.6b15.5b17.8b24.8b

Inventories

(848.0m)672.0m(3.4b)(85.0m)

Cash From Operating Activities

18.9b22.9b25.8b12.2b

Capital Expenditures

(17.8b)(25.1b)(19.4b)(14.1b)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Depreciation and Amortization

4.1b8.6b12.8b4.4b8.2b12.2b4.7b9.4b7.9b4.2b17.7b21.2b

Inventories

(3.6b)(3.6b)(3.3b)(3.4b)(4.0b)(5.5b)(2.7b)(2.8b)(2.6b)683.0m74.0m630.0m

Cash From Operating Activities

2.1b7.0b13.0b3.6b10.0b16.0b5.3b12.1b18.2b952.0m4.7b9.9b

Capital Expenditures

(4.1b)(8.6b)(13.0b)(4.0b)(7.8b)(12.2b)(5.6b)(11.3b)(15.3b)(3.9b)(6.9b)(10.6b)
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BP Operating Metrics

BP's Gas Reserves, Tcf was reported to be 45.6 in FY, 2019.
FY, 2017FY, 2018FY, 2019

Gas Proved Reserves (Developed, UK), bcf

523439493

Liquids Production, mbbl/d

2.26 m2.19 m2.21 m

Gas Proved Reserves (Undeveloped, UK), bcf

320343207

Gas Reserves, Tcf

45.0649.2445.6
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BP Acquisitions / Subsidiaries

Company NameDateDeal Size
Finite CarbonDecember 16, 2020
ChargemasterJune 28, 2018$170 m
Fotech Solutions LtdSeptember 07, 2017
CNAAMarch 11, 2011$680 m
VereniumJuly 16, 2010$98.3 m
Butamax Advanced BiofuelsJanuary 01, 2009
Veba Oel AG Veba OelJuly 15, 2001$5.6 b
ARCOApril 14, 2000
Standard Oil of OhioJanuary 01, 1978
200 PS Overseas Holdings Inc.
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BP Revenue Breakdown

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BP revenue breakdown by business segment: 90.3% from Downstream, 9.5% from Upstream and 0.3% from Other

BP revenue breakdown by geographic segment: 67.9% from Non-US and 32.1% from US

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BP Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

BP Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

BP Online and Social Media Presence

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BP Company Culture

  • Overall Culture

    C+

    76/100

  • CEO Rating

    B+

    79/100

  • Compensation

    C+

    74/100

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BP News and Updates

BP bets on energy trading to fund strategy shift after bumper year

BP’s trading arm made nearly US$4bil (RM16.44bil) in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by the pandemic. Trading revenue for majors such as BP and rival Royal Dutch/…

BP Pulse sets aside £2 million to improve UK’s legacy charging infrastructure

BP Pulse is making £2 million available to deliver what it has described as “radical improvement” in the reliability of older UK electric vehicle (EV) charging infrastructure. The EV charging firm has agreed £400,000 in infrastructure investment to replace more than 50 legacy chargepoints, which …

BP walks on three new Kazakhstan projects to focus on renewables

BP Plc abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.

BP to close Australia Kwinana refinery in March: Update

BP said it is on track to decommission the 146,000 b/d Kwinana refinery in Western Australia (WA) by the end of this month, with it having halted crude imports for its only refinery in the country. BP announced in October last year Kwinana would cease refining within six months.

Lightsource bp solar farm powers bp service stations with 100% renewable energy in Australia

Lightsource bp today announced that through a PPA with Snowy Hydro, its West Wyalong solar farm will supply renewable energy to 88 of bp’s service stations across New South Wales, Australia.

BP to tell 25,000 office staff to work from home two days a week

BP has told 25,000 office-based staff that they will be expected to work from home for two days a week as part of a post-pandemic shift to flexible working patterns. The global oil company introduced the new hybrid model of working to staff last month, and expects the 60-40 split between office a…
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BP Frequently Asked Questions

  • When was BP founded?

    BP was founded in 1909.

  • Who are BP key executives?

    BP's key executives are Bernard Looney, Murray Auchincloss and Craig Marshall.

  • How many employees does BP have?

    BP has 70,100 employees.

  • What is BP revenue?

    Latest BP annual revenue is $183.5 b.

  • What is BP revenue per employee?

    Latest BP revenue per employee is $2.6 m.

  • Who are BP competitors?

    Competitors of BP include Eni, OMV Group and MOL Group.

  • Where is BP headquarters?

    BP headquarters is located at 1 St James's Square, London.

  • Where are BP offices?

    BP has offices in London, Dyce, Hull, Milton Keynes and in 58 other locations.

  • How many offices does BP have?

    BP has 65 offices.