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British Petroleum

British Petroleum

British Petroleum is a multinational oil and gas company.

BP Alternative Energy is a venture capital firm in London that prefers to invest in financial services, e-commerce, marketplaces, and healthcare start-ups. Founded 1909 in London, England, United Kingdom, the firm invests in early stage ventures, debt financing and seed stages. This firm usually invests in series A rounds. The notable investment portfolio of BP Alternative Energy includes HalalBooking.com, Flyrobe, and MediBeacon. As of January 2020, BP Alternative Energy has made 25 investments and seven exits.

BP retail sales (US$ million)

Q1-2021
Q4-2020
Q1-2020

BP retail sites

20,300

20,300

18,900

BP retail sites in growth markets

2,700

2,700

1,300

Strategic convenience sites

2,000

1,900

1,700

Marketing sales of refined products (mb/d)

Q1-2021
Q4-2020
Q1-2020

Europe

706

801

954

Rest of World

440

457

519

US

1,016

1,055

1,038

Refining marker margin

Q1-2021
Q4-2020
Q1-2020

bp average refining marker margin (RMM) ($/bbl)

8.7

5.9

8.8

Customers – convenience & mobility

Q-2021
Q4-2020
Q1-2020

982

1,006

975

During the global COVID-19 pandemic BP, like other major oil companies, suffered weaker demand for fuel, but an increase in grocery sales at service stations. BP, which as of January 2021 has 19,000 retail sites, aims to add 6,700 sites in growth markets by 2030.

Timeline

April 2020
BP cuts its budget by 25% to $12 billion and says it would find $2.5 billion in cost savings by the end of 2021 through the digitalization and integration of its businesses.
October 4, 2019
BP announces boss Bob Dudley to step down in 2020.
August 6, 2019
BP and Eni sign exploration agreement in Oman.
2019
BP invests around $500 million in low-carbon technologies including wind power, electric vehicle battery charging systems and solar power firm Lightsource BP.
2000
BP launches an award-winning ad campaign with the assistance of the public relations agency Ogilvy & Mather.
1909
Founded

People

Name
Role
LinkedIn

Brian Gilvary

Chief Financial Officer

Aaron Griffin

Employee

Abdul Rahman

Employee

Aditi Uppal

Employee

Ali Hararwala

Employee

Andrew Gill

Employee

Andrew Taylor

Employee

Andrey Burenok

Employee

Andy Agouridis

Employee

Andy Hopwood

Executive Vice-President, COO, Upstream strategy

Arj Selvam

Employee

Arvind Kotha

Employee

Asa Chandler King

Employee

Ashley Crowder

Employee

Ashutosh Burnwal

Employee

Azer Aliyev

Employee

Babu Lohanathan

Employee

Bernard-Jan Bierens

Employee

Carla Fair-Wright

Employee

Christina Murias

Employee

Claudia Brauer

Employee

DCN Corp®

Employee

Dhananjay Marsale

Employee

Doug Buser

Employee

Edward Lee

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Cool Planet Energy Systems

Lightsource Renewable Energy

Chromatin

FreeWire Technologies

Liquid Light

MIT Energy Initiative

StoreDot

Verdezyne

WASCO|LAB

Whim

News

Title
Author
Date
Publisher
Description
Benji Jones
December 31, 2020
Business Insider
Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your inbox every Friday.
Global Infrastructure Partners
December 1, 2020
www.prnewswire.com:443
/PRNewswire/ -- Global Infrastructure Partners (GIP), a leading, independent global infrastructure investor, announced today that Tufan Erginbilgic has joined...
Benji Jones
November 30, 2020
Business Insider
The pandemic cratered global demand for oil. We're keeping track of how 22 energy giants are responding, from laying off staff to slashing dividends.
Kate Yoder
November 19, 2020
Grist
Mary Heglar has a "manical plan" to bring down Big Oil: trolling oil companies on Twitter. And it's catching on.
Jillian Ambrose energy correspondent
November 10, 2020
the Guardian
A wind farm operated by Ørsted, the offshore wind developer which will generate energy for the BP refinery. Photograph: Phil Noble/Reuters
Jillian Ambrose energy correspondent
November 10, 2020
the Guardian
A wind farm operated by Ørsted, the offshore wind developer which will generate energy for the BP refinery. Photograph: Phil Noble/Reuters
Zach Boren
September 28, 2020
HuffPost
An Unearthed and HuffPost investigation identified at least eight trade associations the companies failed to disclose in transparency reports.
November 1, 2020
the Guardian
A North Sea oil platform being taken for decommissioning off County Durham. Photograph: Ian Forsyth/Getty Images
The Associated Press
October 27, 2020
CTVNews
BP plc says third-quarter earnings plunged 96 per cent as the COVID-19 pandemic reduced energy prices and demand.
Jillian Ambrose
October 27, 2020
the Guardian
Andy Lane, BP's head of carbon capture solutions, said the projects represent a 'significant milestone' towards developing the offshore infrastructure needed to safely store carbon. Photograph: Arnd Wiegmann/Reuters
By JANET McCONNAUGHEY, Associated Press
October 21, 2020
Chron
NEW ORLEANS (AP) -- Environmental groups asked a federal court Wednesday to throw out...
Jillian Ambrose Energy corresppondent
October 21, 2020
the Guardian
BP's Valhall platform in the North Sea, pictured in 2016. Photograph: BP/Kjetil Alsvik/EPA
Guardian staff reporter
September 19, 2020
the Guardian
A company steeped in oil and gas production may not find it easy to convince investors of its environmental credentials
Jillian Ambrose
September 13, 2020
the Guardian
Oil will be replaced by clean electricity, BP predicts, as demand may never recover from Covid-19 pandemic
Jillian Ambrose
September 10, 2020
the Guardian
Chief executve Bernard Looney said the windfarm deal was 'an important early step' in the delivery of BP's new climate ambitions. Photograph: Phil Noble/Reuters
Kate Yoder
August 26, 2020
Grist
Is it time to forget about your carbon footprint?
Jillian Ambrose
August 24, 2020
the Guardian
ExxonMobil oil refinery in Baton Rouge: Storebrand CEO says companies such as Exxon are 'holding us back'. Photograph: Barry Lewis/In Pictures/Getty Images
Emily Pontecorvo
August 20, 2020
Grist
After years of fossil fuel logos, COP26 organizers are requiring sponsors to have a net-zero commitment.
Kate Yoder
August 11, 2020
Grist
CEO Bernard Looney calls oil "socially challenged."
BBC News
August 10, 2020
BBC News
Scott Tracey used the scene from Downfall to portray scenes from company wage negotiations.
SHOW MORE

References

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