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, and supply and trading of crude oil, petroleum, petrochemicals products, and related services to wholesale and retail customers, as well as biofuels and wind businesses.

TypePublic
Founded1909
HQLondon, GB
Websitebp.com
Employee Ratings3.8
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2019)70,100(-3%)
Job Openings114
Revenue (FY, 2019)$282.6 B(-6%)
Share Price (Nov 2020)$18.9 (-1%)
Cybersecurity ratingBMore

Key People/Management at BP

Bernard Looney

Bernard Looney

Chief Executive Officer
Murray Auchincloss

Murray Auchincloss

Chief Financial Officer
Gordon Birrell

Gordon Birrell

EVP, Production and Operations
Giulia Chierchia

Giulia Chierchia

EVP, Strategy and Sustainability
Emma Delaney

Emma Delaney

EVP, Customers and Products
Kerry Dryburgh

Kerry Dryburgh

EVP, People and Culture
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BP Office Locations

BP has offices in London, Dyce, Hull, Milton Keynes and in 65 other locations
London, GB (HQ)
1 St James's Square
Dyce, GB
1-4 Wellheads Ave
London, GB
20 Canada Square, 20 Canada Square, Canary Wharf
Milton Keynes, GB
Witan Gate House, 500-600 Witan Gate
Sunbury-on-Thames, GB
Chertsey Rd
Hydra, DZ
Boite Postale 678
Show all (73)

BP Financials and Metrics

BP Revenue

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BP's revenue was reported to be $282.62 b in FY, 2019 which is a 7% decrease from the previous period.
USD

Revenue (Q2, 2020)

31.2b

Gross profit (Q2, 2020)

7.1b

Gross profit margin (Q2, 2020), %

22.7%

Net income (Q2, 2020)

(17.5b)

EBIT (Q2, 2020)

(20.8b)

Market capitalization (11-Nov-2020)

63.8b

Closing stock price (11-Nov-2020)

18.9

Cash (30-Jun-2020)

34.2b

EV

114.9b
BP's current market capitalization is $63.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

244.6b303.7b282.6b

Revenue growth, %

31%24%(7%)

Cost of goods sold

205.7b254.4b233.0b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

25.6b22.5b22.5b

Accounts Receivable

18.9b19.4b19.4b

Prepaid Expenses

1.4b963.0m857.0m

Inventories

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

Cash

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

Accounts Receivable

16.5b

Prepaid Expenses

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

Inventories

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

Depreciation and Amortization

15.6b15.5b17.8b

Inventories

(848.0m)672.0m(3.4b)

Cash From Operating Activities

18.9b22.9b25.8b

Capital Expenditures

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

Depreciation and Amortization

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

Inventories

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

Cash From Operating Activities

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

Capital Expenditures

(4.1b)(8.6b)(13.0b)(4.0b)(7.8b)(12.2b)(5.6b)(11.3b)(15.3b)(3.9b)(6.9b)
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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

523 439 493

Liquids Production, mbbl/d

2.26 m2.19 m2.21 m

Gas Proved Reserves (Undeveloped, UK), bcf

320 343 207

Gas Reserves, Tcf

45.06 49.24 45.60
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BP Acquisitions / Subsidiaries

Company NameDateDeal Size
ChargemasterJune 28, 2018$170 m
CNAAMarch 11, 2011$680 m
VereniumJuly 16, 2010$98.30 m
Butamax Advanced BiofuelsJanuary 01, 2009
Veba Oel AG Veba OelJuly 15, 2001$5.60 b
ARCOApril 14, 2000
Standard Oil of OhioJanuary 01, 1978
200 PS Overseas Holdings Inc.
563916 Alberta Ltd.
ACP (Malaysia) Inc.
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BP Revenue Breakdown

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BP revenue breakdown by business segment: 89.8% from Downstream, 9.9% from Upstream and 0.4% from Other

BP revenue breakdown by geographic segment: 100.0% from Non-US and 0.0% from Other

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BP Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

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-

    62/100

  • CEO Rating

    B

    70/100

  • Compensation

    C

    62/100

  • Diversity

    A-

    75/100

Learn more on Comparably

BP News and Updates

bp statement on EU Commission climate target

We applaud the EU Commission for proposing a clear and ambitious 2030 target to support its trajectory towards carbon neutrality by 2050. We support governments setting the most ambitious climate targets and goals they believe they can deliver, consistent with their climate and other policy objecti…

bp and Microsoft form strategic partnership to drive digital energy ‎innovation and advance net zero goals

London UK, Redmond, Washington 15 September 2020 – bp and Microsoft Corp. today ‎announced that they have agreed to collaborate as strategic partners to further digital transformation ‎in energy systems and advance the net zero carbon goals of both companies. This includes a co-‎innovation effort fo…

bp Energy Outlook ‎2020

The 2020 edition of the bp Energy Outlook explores possible paths for the global energy ‎transition, how global energy markets may evolve over the next thirty years and the key ‎uncertainties that may shape them. Looking out to 2050 – a decade further than in previous ‎editions – the Outlook is focu…

bp and Equinor form strategic partnership to develop offshore wind energy in US

bp and Equinor today announced the formation of a new strategic partnership to develop offshore wind projects in the US. This includes the development of existing offshore wind leases on the US East coast and jointly pursuing further opportunities for offshore wind in the US. Bernard Looney,…

Living Wage Foundation recognizes bp’s commitment to real Living Wage

The Living Wage Foundation today confirmed that it has formally accredited bp as a UK Living ‎Wage Employer. bp is the first major energy and convenience retail employer to receive such ‎accreditation, which follows its introduction of the real Living Wage throughout its UK ‎businesses this month. ‎…

Air bp and Neste to offer increased volume of sustainable aviation ‎fuel in Europe

Air bp, the international aviation fuel products and services supplier and Neste, the world’s ‎largest producer of renewable diesel and sustainable aviation fuels (SAF), have signed an ‎agreement to offer an increased volume of sustainable aviation fuel to airport customers in ‎‎2020 and 2021. The v…
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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 Gordon Birrell.

  • How many employees does BP have?

    BP has 70,100 employees.

  • What is BP revenue?

    Latest BP annual revenue is $282.6 b.

  • What is BP revenue per employee?

    Latest BP revenue per employee is $4 m.

  • Who are BP competitors?

    Competitors of BP include Eni, Amex Nooter and SABIC.

  • 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 65 other locations.

  • How many offices does BP have?

    BP has 73 offices.