BP shares, BP share prices on the Stock Exchange

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ISIN code: GB0007980591
Sector: Energy Minerals
Industry: Integrated Petroleum

Le actions of BP are listed on the London Stock Exchange and the NYSE under the ticker BP.

View the share price history on the London Stock Exchange

Company Description

BP plc is a British multinational energy, oil and natural gas company. It was born in 1998 from the merger between British Petroleum , love (Acronym for American Oil Company), forming the BP Amoco. Since 2001 simplifies the name to BP. The head office is in London.
BP is one of the seven world's oil and gas supermajors (together with Chevron, Eni, ExxonMobil, Royal Dutch Shell, TotalEnergies and ConocoPhillips). In terms of revenue, BP is the world's fourth largest oil company behind PetroChina, Sinopec and Saudi Aramco.
As of August 2021, BP's market value was $82,91 billion.
Forbes Global 2000, in 2020, BP was ranked the 357th largest public company in the world.

The company operates in 78 countries. As of 2020 it has 70.100 employees. BP has a network of 18 refineries and around 19.000 service stations.
In 2019, it produced and refined about 8,7 million barrels per day. It extracts approximately 2,4 million barrels of oil per day. The company's total proven reserves are 19,945 billion barrels (3,1710×109 m3) of oil.

BP's businesses are organized into three business segments: Upstream, Downstream and Renewables. It covers every area of ​​the oil and gas industry: exploration and extraction, refining, distribution and marketing, power generation and trading; in the field of renewable energy, it is active in biofuels, wind energy, smart grids and solar technology. There BP Solar division became leader world in the production of photovoltaic solar panels through acquisitions in the sector. BP's solar, wind and hydrogen power divisions were merged under the name BP alternativeenergy.

I company brands I'm:

• BP
• Castrol
• Aral
• AMPM
• love
• Wild Bean Cafe

Revenues come mainly from the refining and distribution sector (89,9%) followed by the hydrocarbon exploration and production sector (9,9%).
In 2020 the turnover was 183,5 billion dollars, recording a loss of -20,73 billion. 67% of the turnover is made abroad.

BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Frankfurt Stock Exchange and the New York Stock Exchange.

I major shareholders of BP I'm:

• State Street, 9,5%
• Blackrock Inc, 5,7%
• Dimensional Fund Advisors, Inc., 5%
• Fisher Investments, 4,2%
• Vanguard Group Inc, 3,19%
• Norges Bank Investment Management, 3,01%
• Menora Mivtachim, 3%
• Legal & General Investment Management Ltd., 1,61%

The oil rig accident Deepwater Horizon, owned by him, in April 2010, led to a sharp decline in the company's shares; in 50 days BP shares had lost about 50% of their value. The shares reached their lowest level on June 25, 2010, reaching a value of $26,97 per share.
In October 2020, they reached a further historic low reaching $15,50.
The all-time high was $77,72 per share in October 2007.

The Deepwater Horizon accident in the Gulf of Mexico was the largest oil spill in US history. The company pleaded guilty to 11 counts, including involuntary manslaughter, following its fact-finding trial, paying more than $4,5 billion in fines and penalties. This penalty was the highest criminal penalty in US history. The cost between cleanup, fees, penalties for BP was approximately $65 billion.

Ha shareholdings in:

• BP Castrol KK, 64,8%
• Castrol India Limited, 51,1%
• Aker BP Asa, 30%
• China Aviation Oil Corporation LTD, 20%
• Rosneft Oil Company PJSC, 19,17%
• The New Zealand Refining Company Limited, 10,1%
• China Resources Chemical Innovative Materials LTD, 3,76%

In Russia, BP owns a 19,75% stake in rosneft, the largest publicly traded oil and gas company by hydrocarbon reserves and production.

BP's current slogan is «Beyond petroleum».

Economic and financial analysis of the company

BP was founded in 1909 as the Anglo-Persian Oil Company (APOC) as subsidiesair of the Burmah Oil Company. The intent of the company was to exploit the oil fields discovered in Iran. The first refinery was activated at Abadan in 1913.

During the First World War, it was of great strategic importance as it became the major fuel supplier to the Royal Navy.

In 1917 the English subsidiary of the German was incorporated Europäische Petroleum Union which used the trade name of British Petroleum. It began to enter the British market on BP brand through a network of fuel pumps and service stations.
After the war it expanded into Europe and Australia.

In 1924 the company entered Italy with the foundation of Petroleum Gasoline Company but the activities ceased in 1932 due to the unfavorable political and economic situation of the country. The petrol pumps in the country were handed over to the SIAP and Naphtha.

In 1925 it was granted to Turkish Petroleum Company, in which Anglo-Persian held a 47,5% stake, to operate in Iraq.

In 1928, following a partnership agreement, the stake in the Turkish Petroleum Company was halved to open the concession to a consortium of American companies. He therefore obtains 23,75% of the newborn company Iraq Petroleum Company.

In 1931 BP merged its UK business operations with the Shell-Mex Ltd to create the Shell-Mex and BP ltd.

In 1934 in Kuwait, together with the gulf oil, founds the Kuwait Oil Company with an equally divided partnership.

In 1936 Persia was renamed Iran and APOC changed its name to Anglo-Iranian Oil Company (AIOC).

In 1939 he invested in Abu Dhabi Marine Areas. The company became owned by BP (two-thirds) and Total (one-third).

After the end of the Second World War he enters the petrochemical sector.

In 1947, it resumed its activities in Italy through an agreement with Agip for the reconstruction of the Porto Marghera refinery (of which it became co-owner). He also launched his own network of gas stations.
The Italian branch of BP assumed the name of Britannica Petroli Spa.

At the end of 1951 the Iranian parliament almost unanimously approved the agreement on the nationalization of oil. This law led the company to leave the country.

In 1953, British Petroleum entered the Canadian market through the purchase of a minority stake in Triad Oil Company.

In 1954 AIOC took the name of British Petroleum Company and in a short time it resumed operations in Iran with a 40% share of an international consortium. BP continued to operate in Iran until the Islamic Revolution in 1979.

In 1964 BP entered Malaysia and in 1964 opened its first service stations in Singapore.

In March 1967 it acquired 14 companies of the group Distillers, active in the field of chemicals and plastics for a sum of 85 million pounds. These acquisitions led to the birth of the BP Chemicals (UK) Limited.

In 1969 it entered the American market. Acquires the refining and marketing activities on the east coast Sinclair Oil Corporation and buys land in Alaska from the Chugach natives for US$1. This operation was highly criticized by public opinion because it was considered illegal.

In 1970, oil was discovered in the North Sea.

In 1973 the Italian BP was sold to the group Monti. The distribution network was renamed mach.

In 1975, the Shell and BP brands separated, ending their joint business.

The UK government sells 66m shares of BP, or 17% of its stake, for £564m.

In 1978 he obtained control of the Standard Oil of Ohio. Operations in the United States are consolidated under the name of BP America.

In 1981 the company acquired 50% of Lucas Energy Systems which will be fun Lucas BP Solar Systems. It will complete the total acquisition in the following years.

in 1982 BP Canada sells its downstream business to Peter Canada.

In 1987 the British Government sold its remaining 31,5% stake. BP is definitively privatized aiming at a policy of relaunching and enhancing the BP brand. Kuwait Investment Office acquires a 10,06% stake in BP, becoming its largest institutional shareholder. After acquiring more shares, taking up 21,6% of the company's capital, the British government forced KIO to reduce its shares to 9,6%.

In 1988 BP acquired the britoil and the remaining shares of Standard Oil of Ohio not yet owned by him.

Born, in 1989, Nanny BP Solar, a joint venture company created by BP Solar and the Indian company Tata Power.

In 1991 Brands renames all of its retail stations "BP". Sohio e Boron (trademarks of Standard Oil of Ohio).

In 1992, British Petroleum sold its 57% stake in BP Canada's upstream business.

In the nineties it enters the Azerbaijani and Russian markets.

In 1997, BP acquired a 10% stake in the Russian oil company Sidanco for 484 million dollars.

In 1998 the merger with Amoco taking the name BP Amoco plc.

In 1999 BP gains 100% control of Solarex ( owned by Amoco) becoming the world's leading producer of photovoltaics.

In 2000 he acquired Atlantic Richfield Co. (ARC), gas station brand. On April 18, 2000, ARCO was merged into BP.

In 2001, it simplified its name to BP plc.

On July 15, 2001, he acquired 51% of the shares of Veba Oil AG, owner of the brand Aral. The full takeover took place in February 2002. The Aral brand was retained and BP's 650 stations in Germany were rebranded to Aral.

In 2002 completes the acquisition of Burmah-Castrol for $4,7 billion. Burmah was incorporated into the company while the Castrol brand became a subsidiary of BP. Castrol products are sold in more than 150 countries and is the preferred lubricant partner for VW, Audi, BMW, Komatsu.

In 2003 they merged Sidanko with TNK, That way and most of BP's oil assets in Russia; a joint venture named TNK-BP.

In 2004, the R&D part of BP Solar is sold to National Renewable Energy Center (Narec) of the United Kingdom.

In April 2004, BP moved all of its petrochemical activities into a new company Innovene.

in 2009 INEOS, a private British chemical company, buys Innovene for 9 billion dollars.

On April 20, 2010, the accident occurred at the oil rig Deepwater Horizon. To offset losses from the crash, BP divests non-essential assets to recover approximately $38 billion.

The 21 December 2011 BP solar is closed by decreeing the exit of BP from the solar energy sector. The following year it exited the Tata joint venture BP Solar.
In India it acquires a 30% stake in Reliance Industries for a sum of 7,2 billion dollars.

On 15 November 2012, BP was ordered to pay a record $4,5 billion fine to US authorities over the rig incident. The sentence was defined by the BBC as “The heaviest fine in US history”. At the end of the process, including cleanups to the site, fines and penalties incurred, the cost to the company was approximately 65 billion dollars.

In 2013 the joint venture ended TNK-BP. Divests stake in TNK-BP a Rosneft for $12,3 billion in cash and 18,5% of Rosneft shares.

On June 3, 2013, BP sells ARCO , Carson Refinery a Tesoro for 2,5 billions of dollars.

In October 2017, BP reintroduced the Amoco brand opening new gas stations. Invests $200 million to acquire a 43% stake in Lightsource Renewable Energy, a company active in the development of solar energy. The company will be renamed Lightsource BP. Acquires Clean energy, biomethane company e Nesika Energy, company that produces isobutanol.

In 2018, buy charge master, a British company that operated the largest electric vehicle charging network in the UK.

In 2019, he formed a joint venture with Didi chuxing to build an electric vehicle charging infrastructure in China.

Since 2020, BP has committed to investments aimed at reducing CO2 emissions. The company fixed the goal of reducing its greenhouse gas emissions to zero by 2050. Between 1988 and 2015, BP was responsible for 1,53% of global industrial greenhouse gas emissions.

In 2021 he made an agreement with Piaggio for the diffusion of electric three-wheelers in the Indian market.