British Petroleum Net Worth
Ranking: It ranks 18th in the Forbes record of world’s biggest public firms.
British Petroleum’s Internet Worth
British Petroleum (BP) is a multinational oil and gas company, with its headquarters located in England. As of June 30, 2013, its net worth (market cap) is estimated to be $131.Forty four billion. This company offers and operates in all facets of the oil and gas industry, which includes petrochemicals, production, energy era, refining, trading, distribution, and advertising. It possesses 19.75% stake in Rosneft, the Russian oil major. Along with listed on the London Stock Exchange, BP can also be a part of the FTSE a hundred Index.
The British Petroleum was based in April 1909 as Anglo-Persian Oil Company, which in 1935, was renamed as Anglo-Iranian Oil Company. In 1954, it was named because the British Petroleum Company.
In December 1998, BP merged with Amoco and was named coolers shoes BP Amoco plc. It acquired Burmah Castrol and Arco (Atlantic Richfield Co.) within the 12 months 2000. After the Deepwater Horizon Oil Spill in 2010, Bob Dudley replaced Tony Hayward as the Chief Executive Officer of the corporate. coolers shoes It had to sell about $38 billion non -core belongings to compensate the harm, brought on by the oil spill. Because of this, BP had fallen to the fourth largest oil company from second, by 2013.
BP operates in more than eighty nations globally, which includes UK, Ireland, USA, Africa, Australia, and Asia. Its operations are organised into 2 enterprise segments- Downstream and Upstream.
Its ‘Downstream’ actions involve supply, buying and selling, transportation, manufacturing, advertising and refining of petroleum merchandise, petrochemicals and crude oil.
Its ‘Upstream’ activities involve exploring and growing entry to new natural gas and oil sources. It also consists of producing, processing, storing and transporting natural and oil gas.
Corporate Affairs of BP
The company’s shares are listed mainly on London Inventory Trade. The deepwater horizon oil spill resulted in a loss of virtually 50% of the worth of its shares. In 2012, 38% of the shares of BP had been held by American traders and 35% by British traders. Main shareholders embody Blackrock Investment Administration (UK) Ltd. , Capital Analysis & Management Co. , and Legal & General Funding Management Ltd.
Political Contributions of BP
Since 1989, it has contributed virtually $6.6 million towards political campaigns and became the 136th largest donor. Throughout the elections of 2008, BP contributed tens of millions, and Barak Obama obtained the very best amount of money.