"British Petroleum": description, activity

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

British Petroleum is a British oil and gas corporation. The organization had its name - British Petroleum - until 2001. It is the second largest publicly traded oil and gas company in the world. In 2009, it climbed to number four on the Fortune Global 500. The organization is currently headquartered in London.

Historical information. Initial development

William Knox d'Arcy is the founder of British Petroleum. As early as the beginning of the 20th century, this enterprising Englishman managed to get the approval of the plan for the search and extraction of oil from the Persian authorities. George Reynolds was appointed to the post of chief prospecting engineer. At the initial stage of its activity, the company did not achieve much success. The lack of qualified personnel was a major factor. The attitude of the locals also left much to be desired. The Persian government was not engaged in providing sufficient support for the enterprise. As a result, British Petroleumfinancial difficulties began. Burmah Oil later invested in further oil exploration in Persia.

Anglo-Persian Oil Company

Suleiman and Mashid are oil fields that were among the first successful oil fields in Persia. They were found in the southwestern region of the country. The Anglo-Persian Oil Company was formed a few years later, in 1909. Burmah Oil owned almost all the shares. Only 3% belonged to Lord Strathcon, who was the first chairman of British Petroleum. At the same time, D'Arcy remained director. However, he had no significant influence on the fate of the Anglo-Persian Oil Company.

Further development

The reins of power have passed to Charles Greenway. Now he was in charge of carrying out the search for oil. He initially ended up as director, but later became chairman. During this period, British Petroleum was threatened with complete bankruptcy. Marketing was the main problem. European and American companies have already divided the market niche of industrial oils among themselves. At the same time, the fuel sector was still underdeveloped. Greenway contributed to the elimination of the influence of Royal Dutch Shell on the Anglo-Persian company. This was largely due to a mutually beneficial agreement with the British authorities.

Marketing

After the end of the war for a period of ten years, the company continued to develop rapidly. Have been developednew marketing methods. For example, gasoline was now packaged in two-gallon cans. The Anglo-Persian company managed to sell its products in Iraq and Iran.

An international chain of offshore bunkering stations has been established. By the beginning of 1926, the British Petroleum Corporation began trading in aviation fuel. There was a launch of new oil refineries. They were much smaller than those in Abadan. First factories opened in South Wales, and then in Scotland.

The company continued to expand its influence. Most of the French oil refinery belonged to her. The business structure of the company has changed significantly. Most of the assets came from Persian deposits. The main part of the capital was involved in the distribution system and the tanker fleet. Cars are widely used in Europe and America. This greatly influenced the further activities of British Petroleum.

Gas stations began to open everywhere. Their total number reached 6 thousand. In 1935 the company was renamed. It became known as the Anglo-Iranian. In the petrochemical sector, the company began its introduction in the post-war period. A joint venture was formed with Distillers. It later became known as British Hydrocarbon Chemicals. Then another petrochemical complex was formed in Baghlan Bay.

Modern realities

The company is currently mininggas and oil around the world. This is done both offshore and onshore. According to 2009 statistics, the company owned multi-billion dollar reserves of natural gas and liquid hydrocarbons. BP is the owner of petrochemical and oil refining facilities. It has its own network of filling stations. She also releases oil.

British Petroleum owns stakes in a dozen gas pipelines and five regasification terminals. All of them are located in the Mediterranean Sea. In addition, the company owns almost a 50% stake in the gas pipeline, which is located in Alaska. British Petroleum Corporation, whose official website is www.bp.com, owns several receiving terminals in the Gulf of Mexico. They specialize in LNG.

The company has a division called BPSolar. It specializes in photovoltaic cells. The company is a significant player in the field of hydrogen energy. BP is engaged in the construction of stations and the supply of materials for them. The company takes part in international demonstration projects in this area. In 2009, its revenue exceeded two hundred billion dollars.

Activities in RF

BP was a co-owner of TNK's oil company in Russia until the spring of 2013. A few years ago there was a serious conflict within the organization. As a result, Robert Dudley, who was the president and CEO of the company, left this post. The alliance with Rosneft also sufferedfailure. In 2011, the Stockholm Arbitration Court ruled to cancel the deal. The companies tried to reach a compromise, but the agreement was finally thwarted.