Vintage photo of BP's head office at Britannic House Skyscraper in London

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In 2004, BP's olefins and derivatives business was moved into a separate entity which was sold to Ineos in 2005. [101] [102] In 2007, BP sold its corporate-owned convenience stores, typically known as " BP Connect", to local franchisees and jobbers. [103] I’m delighted we are building on our existing relationship and now have a global agreement to support ride-hail drivers with charging and more, at scale, helping Uber make their incredible 2040 ambition a reality." But also by the engagement we have with stakeholders outside the company – especially our shareholders.

BP's major subsidiary in the United States is BP America, Inc. (formerly: Standard Oil Company (Ohio) and Sohio) based in Houston, Texas. [196] BP Exploration & Production Inc., a 1996 established Houston-based subsidiary, is dealing with oil exploration and production. [197] BP Corporation North America, Inc., provides petroleum refining services as also transportation fuel, heat and light energy. [198] BP Products North America, Inc., a 1954 established Houston-based subsidiary, is engaged in the exploration, development, production, refining, and marketing of oil and natural gas. [199] BP America Production Company, a New Mexico-based subsidiary, engages in oil and gas exploration and development. [200] BP Energy Company, a Houston-based subsidiary, is a provider of natural gas, power, and risk management services to the industrial and utility sectors and a retail electric provider in Texas. [201]

Canary Wharf

Drivers on Uber’s platform need great value access to the fast, reliable charging infrastructure we’re building as they make the switch to electric. We’re investing billions of dollars worldwide in high-speed EV charging, digital products and services, and large scale bp pulse Gigahubs™ that will help commercial customers eliminate tailpipe emissions. BP was also challenged over its record on gas “flaring” in southern Iraq. The avoidable burning off of gas released from oilwells results in large plumes of fire and has led to dangerous levels of air pollution in the area. In recent months I have enjoyed meeting many shareholders, for discussions on the topics of greatest importance to them. BP's upstream activities in the Lower 48states are conducted through Denver-based BPX Energy. [153] It has a 7.5 billion barrels (1.19billion cubic metres) resource base on 5.7million acres (23,000km 2). [202] It has shale positions in the Woodford, Oklahoma, Haynesville, Texas, and Eagle Ford, Texas shales. [203] [204] It has unconventional gas ( shale gas or tight gas) stakes also in Colorado, New Mexico and Wyoming, primarily in the San Juan Basin. [205] [206] [207] The first phase of development of Clair began production in 2005, targeting approximately 300 million barrels of recoverable resources via the first fixed offshore facility to be installed in the West of Shetland area.

Uber and bp will initially focus on collaborating in a number of key markets including Europe, the US and UK to support Uber’s 2030 targets, with other countries including Australia and New Zealand to follow. Regional teams from the two companies will now work together to offer drivers on Uber’s platform bespoke access to bp pulse’s high speed charging network, including special offers. The father of Ali Hussein Jaloud, who died days before the meeting from a form of leukaemia that has been linked to chemicals released by flaring gas, asked BP why it could not use its profits to help save his son’s life. Following World War II, nationalistic sentiments were on the rise in the Middle East; most notable being Iranian nationalism, and Arab Nationalism. In Iran, the AIOC and the pro-western Iranian government led by Prime Minister Ali Razmara resisted nationalist calls to revise AIOC's concession terms in Iran's favour. In March 1951, Razmara was assassinated and Mohammed Mossadeq, a nationalist, was elected as the new prime minister by the Majlis of Iran (parliament). [47] In April 1951, the Iranian government nationalised the Iranian oil industry by unanimous vote, and the National Iranian Oil Company (NIOC) was formed, displacing the AIOC. [48] [49] The AIOC withdrew its management from Iran, and Britain organised an effective worldwide embargo of Iranian oil. The British government, which owned the AIOC, contested the nationalisation at the International Court of Justice at The Hague, but its complaint was dismissed. [50]Ariel Flores, Regional President for BP’s North Sea business, said: “Safely delivering first oil from Clair Ridge, in some of the harshest conditions in the UKCS, is the result of years of planning and hard work by BP, our partners and supply chain colleagues. We are proud to have played our part in this pioneering project and are excited for the Clair region’s continued potential.”

The group said 25 protesters attempted to enter the central London meeting, which was only open to BP investors, after buying individual shares in the company. Many were barred from entering after being found with banners.bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition. For more information visit bp.com. And I’m grateful for the leadership shown by Bernard and his team in enhancing the safety of bp’s operations – something he will say more about shortly. In 2016, BP sold its Decatur, Alabama, plant to Indorama Ventures, of Thailand. [145] At the same year, its Norwegian daughter company BP Norge merged with Det Norske Oljeselskap to form Aker BP. [146] Since 1951, BP has annually published its Statistical Review of World Energy, which is considered an energy industry benchmark. [181] Operations by location [ edit ] United Kingdom [ edit ] The BP chemicals plant in Saltend near Hull, United Kingdom

I also commend every one of bp’s employees – for their resilience and their commitment to the task. Once the deal completes, BP will hold a 45.1% interest in Clair and ConocoPhillips will retain a 7.5% interest. In response to the 2022 Russian invasion of Ukraine, BP announced that it would sell its 19.75% stake in Rosneft, although no timeline was announced. [169] At the time of BP's decision, Rosneft's activities accounted for around half of BP's oil and gas reserves and a third of its production. [170] BP's decision came after the British government expressed concern about BP's involvement in Russia. [171] [172] However, BP remained a Rosneft shareholder throughout the whole 2022 year, which caused some criticism from the Ukrainian president's office. [173] Inside bp we have thousands of scientists, engineers, economists and all kinds of other experts with the skills the world needs to reimagine energy.It does not recognise that our strategy, ambition and aims constitute a coherent and integrated programme of transformation for bp. In February 2023, BP reported record annual profits, on a replacement cost basis, for the year 2022. On that basis, 2022 profits were more than double than in 2021, and they were also the biggest profits in the whole 114-year long history of BP. [177] The winning entrant will be chosen at random by the National Portrait Gallery from all completed and valid entries received by the closing date. The decision is final and non-negotiable.