Executive Summary
BP (LON:BP) is a global petrochemical company headquartered in London. It serves a number of different markets and consumers. It achieved revenue of $239bn in 2009, and provided employment to over 80,000 people. The company's product and service range includes energy for heat and light, petrol forecourts, and petrochemical products for other industries. The company has recently received a high degree of negative news coverage due to serious damage to an oil and gas pipe in the Gulf of Mexico, leading to the loss of millions of barrels of oil. As a result, BP's share price has been adversely affected.
Company History
- Incorporated in 1909 in England and Wales
- Merged with Amoco Corporation in 1998 and became known as BP Amoco p.l.c.
- The company subsequently changed its name to BP p.l.c.
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