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For other uses, see BP (disambiguation).
BP
Company typePublic
(LSE: BP)
(NYSE: BP)
ISINDE0008618737 Edit this on Wikidata
IndustryOil and Natural Gas, Alternative fuels
Founded1909 (as the Anglo-Persian Oil Company)
1954 (as the British Petroleum Company)
2000 (merger of BP, Amoco, and ARCO)
HeadquartersCity of Westminster, London, United Kingdom
Area served
Worldwide
Key people
Carl-Henric Svanberg (Chairman)
Tony Hayward (CEO)
Byron Grote (CFO)
ProductsBP petroleum and derived products
BP service stations
Air BP Aviation Fuels
Castrol motor oil
ARCO gas stations
am/pm convenience stores
Aral service stations solar pannels
RevenueUS $246.1 billion (2009)[1]
US $26.43 billion (2009)[1]
US $16.58 billion (2009)[1]
Total assetsUS $236.0 billion (2009)
Total equityUS $101.6 billion (2009)
Number of employees
92,000 (March 2009)
WebsiteBP.com
1922 BP advert

BP plc (formerly The British Petroleum Company plc then BP Amoco plc) is a British global energy company that is also the third largest global energy company and the 4th largest company in the world. As a multinational oil company ("oil major") BP is the UK's largest corporation, with its headquarters in St James's, City of Westminster, London.[2][3][4] The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies).[5] The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

Further information: Anglo-Iranian Oil Company

Activity in 1909–1979

In May 1901, William Knox D'Arcy was granted a concession by the Shah of Iran to search for oil which he discovered in May 1908.[6] This was the first commercially significant find in the Middle East. On 14 April 1909, the Anglo-Persian Oil Company (APOC) was incorporated to exploit this.[6] In 1923, the company secretly gave £5,000 to future Prime Minister Winston Churchill to lobby the British government to allow them to monopolise Persian oil resources.[7] In 1935, it became the Anglo-Iranian Oil Company (AIOC).[6]

After World War II, AIOC and the Iranian government initially resisted nationalist pressure to revise AIOC's concession terms still further in Iran's favour. But in March 1951, the pro-western Prime Minister Ali Razmara was assassinated.[8] The Majlis of Iran (parliament) elected a nationalist, Mohammed Mossadeq, as prime minister. In April, the Majlis nationalised the oil industry by unanimous vote.[9] The National Iranian Oil Company was formed as a result, displacing the AIOC.[10] The AIOC withdrew its management from Iran, and organised an effective boycott 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.[11]

By spring of 1953, incoming U.S. President Dwight D. Eisenhower authorised the Central Intelligence Agency (CIA) to organise a coup against the Mossadeq government with support from the British government.[12] On 19 August 1953, Mossadeq was forced from office by the CIA conspiracy, involving the Shah and the Iranian military, and known by its codename, Operation Ajax.[12]

File:BP old logo.svg
Classic shield logo, designed by Raymond Loewy, used from 1989 to 2000 and still in use in a small number of petrol stations.

Mossadeq was replaced by pro-Western general Fazlollah Zahedi,[13] and the Shah, who had left the country briefly to await the outcome of the coup, returned to Iran. He abolished the democratic Constitution and assumed autocratic powers.

After the coup, Mossadegh's National Iranian Oil Company became an international consortium, and AIOC resumed operations in Iran as a member of it.[10] The consortium agreed to share profits on a 50–50 basis with Iran, "but not to open its books to Iranian auditors or to allow Iranians onto its board of directors."[14] AIOC, as a part of the Anglo-American coup d'état deal, was not allowed to monopolise Iranian oil as before. It was limited to a 40% share in a new international consortium. For the rest, 40% went to the five major American companies and 20% went to Royal Dutch Shell and Compagnie Française des Pétroles, now Total S.A..[15]

The AIOC became the British Petroleum Company in 1954. BP continued to operate in Iran until the Islamic Revolution in 1979. The new regime of Ayatollah Khomeini confiscated all of BP's assets in Iran without compensation, finally closing BP's 70-year presence in Iran.

In 1959 the company expanded beyond the Middle East to Alaska[16] and in 1965 it was the first company to strike oil in the North Sea.[17]

In 1978 BP acquired a controlling interest in Standard Oil of Ohio or Sohio, a breakoff of the former Standard Oil that had been broken up after anti-trust litigation.[18]

1980s and 1990s

Sir Peter Walters was BP's chairman from 1981 to 1990.[19] This was the era of the Thatcher government's privatisation strategy. The British government sold its entire holding in BP in several tranches between 1979 and 1987.[20] The sale process was marked by a bad attempt by the Kuwait Investment Office, the investment arm of the Kuwait government, to acquire control of BP.[21] This was ultimately blocked by the strong opposition of the British government. In 1987, British Petroleum negotiated the acquisition of Britoil[22] and the remaining publicly traded shares of Standard Oil of Ohio. [18]

A British BP Shop Petrol Station.

Walters was replaced by Robert Horton in 1989. Horton carried out a major corporate down-sizing exercise removing various tiers of management within the BP Head Office.[23]

Lord Browne of Madingley, who had been on the board as managing director since 1991, was appointed group chief executive in 1995.[24] Browne was responsible for three major acquisitions; Amoco, ARCO and Burmah-Castrol (see below).

Recent years

British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998,[25] becoming BPAmoco until 2000 when it was renamed BP and adopted the tagline "Beyond Petroleum," which remains in use today. It states that BP was never meant to be an abbreviation of its tagline. Most Amoco petrol stations in the United States have changed the look and name to the BP brand. In many states, however, BP is selling Amoco branded gasoline, as it was rated the best petroleum brand by consumers 16 years in a row (the name of the service station itself is still BP) and Amoco has one of the highest brand loyalty for gasoline in the US with only Chevron and Shell having such high rates as BP/Amoco. In May 2008, however, the Amoco name was mostly phased out in favour of "BP Gasoline with Invigorate", promoting BP's new additive. The highest grade of BP gasoline available in the United States is still called Amoco Ultimate, however. In 2000, British Petroleum acquired Arco (Atlantic Richfield Co.)[26] and Burmah Castrol plc.[27]

Chief scientist, Steven Koonin (top right, with laptop), speaks about the energy scene in the boardroom in 2005.

In April 2004, BP decided to move most of its petrochemical businesses into a separate entity called Innovene within the BP Group. BP sought to sell the new company possibly via an initial public offering (IPO) in the US, and filed IPO plans for Innovene with the New York Stock Exchange on 12 September 2005. On 7 October 2005, however, BP announced that it had agreed to sell Innovene to INEOS, a privately held UK chemical company for $9 billion, thereby scrapping its plans for the IPO.[28]

On 23 March 2005, an explosion occurred at BP's Texas City Refinery. It is the third largest refinery in the US and one of the largest in the world, processing 433,000 barrels (68,800 m3) of crude oil per day and accounting for 3% of that nation's gasoline supply. Over 100 were injured, and 15 were dead, including employees of the Fluor Corporation as well as BP. BP agreed that its mismanagement contributed to the accident. Level indicators failed, leading to overfilling of a heater, and light hydrocarbons spread throughout the area. An unidentified ignition source set off the explosion. [29]

In 2005, BP announced that it would be leaving the Colorado market.[30] Many locations were re-branded as Conoco.[31]

BP Americas headquarters in the Energy Corridor area of Houston

In 2007, according to some private BP-branded gasoline center operators in the Metro Atlanta area, BP planned to leave the Southern market in the next few years. All corporate-owned BP stations, typically known as "BP Connect" will be sold to local jobbers.[32]

In March 2006, a leak in one of BP's pipelines on the North Slope in Alaska caused a spill of oil onto the tundra, leading BP to commit to replace over 16 miles (26 km) of federally regulated Oil Transit Lines (OTLs). As of the end of 2007, one half of the pipeline had been replaced and all 16 miles (26 km) of pipeline are now tested regularly. [33]

BP has recently looked to grow its oil exploration activities in frontier areas like the former Soviet Union for its future reserves.[34] In Russia, BP owns 50% of TNK-BP with the other half owned by three Russian billionaires. TNK-BP accounts for a fifth of BP's global reserves, a quarter of BP's production, and nearly a tenth of its global profits.[35]

On 19 July 2006, BP announced that it would close the last 12 out of 57 oil wells in Alaska, mostly in Prudhoe Bay, that had been leaking. The wells were leaking insulating agent called Arctic pack, consisting of crude oil and diesel fuel, between the wells and ice.[36]

On 12 January 2007, it was announced that Lord Browne would retire at the end of July 2007.[37] The new Chief Executive will be the current head of exploration and production, Tony Hayward. It had been expected that Lord Browne would retire in February 2008 when he reached the age of 60, the standard retirement age at BP. Browne resigned abruptly from BP on 1 May 2007, following the lifting of a legal injunction preventing Associated Newspapers from publishing details about his private life. Hayward succeeded Browne with immediate effect.[38]

On 20 April 2010, the Deepwater Horizon rig exploded off the Gulf of Mexico.[39] More than 200,000 gallons of oil (approx. 5,000 barrels) are spilling each day due to not being able to activate a blow-out preventer, which is designed to stop oil from flowing out during an emergency (current). The spill will continue until the blow-out preventer is activated or another prevention method is administered. 115 workers were evacuated from the site, but 11 workers are still missing and are presumed dead. 28 April 2010, the US Coast Guard set fire to some sequestered portions of oil which had leaked from the uncapped well located five thousand feet below the Gulf of Mexico.

On 29 April 2010, economic impacts are felt from the Deepwater Horizon drilling rig explosion as Gulf state shrimpers sue BP over oil spill with Transocean and Halliburton named as defendants. Two similar lawsuits, filed late on Wednesday in U.S. District Court in New Orleans and on Thursday in the adjacent Gulf Coast state of Alabama, accuse the companies of negligence. [40]

Governance

BP head office in St. James's, City of Westminster

The Board Members are:[41]

Financial data

Chart of the major energy companies dubbed "Big Oil" sorted by latest published revenue
Financial data in millions of US$
Year 2002 2003 2004 2005 2006
Sales 180,186 236,045 294,849 249,465 265,906
EBITDA 22,941 28,200 37,825 41,453 44,835
Net Results 6,845 10,267 15,961 22,341 22,000
Net Debt 20,273 20,193 21,607 16,202 16,202
Source :'OpesC'

Controversy

August 2006 Prudhoe Bay Shutdown

In August, 2006, BP shut down oil operations in Prudhoe Bay, Alaska, due to corrosion in pipelines leading up to the Alaska Pipeline. BP had spilled over one million litres of oil in Alaska's North Slope.[42] This corrosion is caused by sediment collecting in the bottom of the pipe, protecting corrosive bacteria from chemicals sent through the pipeline to fight this bacteria. There are estimates that about 5,000 barrels (790 m3) of oil were released from the pipeline. To date 1,513 barrels (240.5 m3) of liquids, about 5,200 cubic yards (4,000 m3) of soiled snow and 328 cubic yards (251 m3) of soiled gravel have been recovered. After approval from the DOT, only the eastern portion of the field was shut down, resulting in a reduction of 200,000 barrels per day (32,000 m3/d) until work began to bring the eastern field to full production on 2 October 2006.[43] In May 2007, the company announced another partial field shutdown owing to leaks of water at a separation plant. Their action was interpreted as another example of fallout from a decision to cut maintenance of the pipeline and associated facilities. [44]

October 2007 Prudhoe Bay spill

On 16 October 2007 Alaska Department of Environmental Conservation officials reported a toxic spill of methanol (methyl alcohol) at the Prudhoe Bay oil field managed by BP PLC. Nearly 2,000 gallons of mostly methanol, mixed with some crude oil and water, spilled onto a frozen tundra pond as well as a gravel pad from a pipeline. Methanol, which is poisonous to plants and animals, is used to clear ice from the insides of the Arctic-based pipelines.[45]

Canadian oil sands

BP are one of numerous firms who are extracting oil from Canadian oil sands, a process that produces four times as much CO2 as conventional drilling.[46] The Cree aboriginal group describe BP as being complicit in 'the biggest environmental crime on the planet' [47].

Texas City Refinery disaster

Main article: Texas City Refinery (BP)

One of BP's largest refineries in the USA exploded in 2005 causing 15 deaths. The fall-out from the accident continues to cloud BP's corporate image because of the mismanagement at the plant. There have been several investigations of the disaster, the most recent being that from the U.S. Chemical Safety and Hazard Investigation Board. It was preceded by the Baker report and BP's own internal investigation.[48]

A large column filled with hydrocarbon overflowed to form a vapour cloud, which ignited. The explosion caused all the casualties and substantial damage to the rest of the plant. The incident came as the culmination of a series of less serious accidents at the refinery, and the engineering problems were not addressed by the management. Maintenance and safety at the plant had been cut as a cost-saving measure, the responsibility ultimately resting with executives in London.[48]

On 30 October 2009 the US Occupational Safety and Health Administration (OSHA) imposed an $87 million fine on the company for failing to correct safety hazards revealed in the 2005 explosion. The fine was the largest in OSHA's history.[49]

Colombian pipeline

In July 2006, a group of Colombian farmers won a multi million pound settlement from BP after the British oil and gas company was accused of benefiting from a regime of terror carried out by Colombian government paramilitaries to protect a 450-mile (720 km) pipeline. [50]

Mist mountain project

There have been some calls[who?] for BP to halt its "Mist Mountain" Coalbed Methane Project in the Southern Rocky Mountains of British Columbia. The proposed 500 km² project is directly adjacent to the Waterton-Glacier International Peace Park.[51]

Deepwater Horizon drilling rig explosion

Main article: Deepwater Horizon drilling rig explosion

On April 20, 2010 a semi-submersible exploratory offshore drilling rig in the Gulf of Mexico, exploded after a blowout and sank two days later, taking with it eleven lives and causing a significant oil spill threatening the coast of Louisiana, Mississippi, Alabama, and Florida. The rig was owned by Transocean, Ltd. but employed by BP. The oil spill could be the largest in US history and cause the destruction of the most sensitive and important wetlands in North America. The Gulf is one of the most diverse zones on the planet, the effects of this spill at the worst would not only ruin the seafood industry but also the tourism industry. On a global scale there would be profound impacts to our natural systems. BP was running the well without remote shut-offs as countries like Brazil have used with with positive result in similar cases. BP is spending 6 million a day, at the time of the original leak BP stated the amount of oil being leaked to be 1/5 of what the US government predicted. Had the company understood the size of the disaster, alternative measures could have been taken. As of April 30 there is no solid plan about how to stop the unknown amount of oil into the sensitive Gulf of Mexico.

Environmental record

Solar panel made by BP Solar

As at 10pm GMT 30 April 2010,BP is in the firing line over its massive disaster in the Gulf of Mexico; the oil flowing underwater from the fallen Deepwater installation cannot as yet be capped. Eleven people are still missing, Florida and Louisiana have declared States of Emergency, and the oil has reached the coastline. Damage to wildlife and the fishing industry are incalcuable; wildlife will be devastated despite measures being put in place such as containment and cleaning programmes. Why the subsea cut-off systems failed to operate is a question which will dominate upcoming investigatons.

In 2005 BP was considering testing carbon sequestration in one of its North Sea oil fields, by pumping carbon dioxide into them (and thereby also increasing yields).[52] In 2004, BP began marketing low-sulphur diesel fuel for industrial use. BP intends to create a network of hydrogen fuelling stations in the state of California. BP Solar is a leading producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. It has over 30 years experience operating in over 160 countries with manufacturing facilities in the U.S., Spain, India and Australia and has more than 2000 employees worldwide. The BP Alternative Energy division has made major investments in solar, wind and hydrogen power. Through a series of acquisitions in the solar power industry BP Solar became the third largest producer of solar panels in the world. It was recently announced that BP has obtained a contract for a pilot project to provide on-site solar power to Wal-mart stores. In the 2006 annual report Lord Browne noted that BP now has a total wind generation capacity of nearly 15,000 megawatts. Based on calculations of consumption rates by the average American household, 15,000 megawatts would be sufficient to provide power to 1,357 typical American households. Note that households relative to industry is a small measure of electric consumption and therefore 15,000 megawatts is only a small portion of the world’s electricity needs. However, this does represent a real commitment to wind power generation and actually makes BP one of the largest generators of wind power in the world.

BP was named by Mother Jones Magazine as one of the "ten worst corporations" in both 2001 and 2005 based on its environmental and human rights records.[53][54] In 1991 BP was cited as the most polluting company in the US based on EPA toxic release data. BP has been charged with burning polluted gases at its Ohio refinery (for which it was fined $1.7 million), and in July 2000 BP paid a $10 million fine to the EPA for its management of its US refineries.[55] According to PIRG research, between January 1997 and March 1998, BP was responsible for 104 oil spills.[56] BP patented the Dracone Barge to aid in oil spill clean-ups across the world. [57]

File:Gulf oil bp.jpg
A Gulf gasoline station in Louisville, KY using the previous BP prototype. BP purchased all Gulf stations in the southeastern United States in the 1980's after Chevron, Inc. was forced to divest the stations by the United States Justice Department.

BP/Amoco was a member of the Global Climate Coalition an industry organization established to promote global warming scepticism but withdrew in 1997, saying "the time to consider the policy dimensions of climate change is not when the link between greenhouse gases and climate change is conclusively proven, but when the possibility cannot be discounted and is taken seriously by the society of which we are part. We in BP have reached that point.".[58]

In March 2002 Lord Browne of Madingley declared in a speech that global warming was real and that urgent action was needed, saying that "Companies composed of highly skilled and trained people can't live in denial of mounting evidence gathered by hundreds of the most reputable scientists in the world."[59]

British Petroleum changed its name to BP in 2000, and introduced a new corporate slogan: “Beyond Petroleum.” It replaced its “Green Shield” logo with the helios symbol, a green and yellow sunflower pattern similar to the emblem of the Green Party of Canada. These changes were intended to highlight the company’s interest in alternative and environmentally friendly fuels. When, in July 2006, BP admitted, only after journalists became aware of the spill, that it was facing criminal charges for allowing 270,000 gallons of crude oil to spread into the Alaskan tundra, critics pointed to the relative lack of press coverage about the spill as evidence that BP had successfully greenwashed its image while maintaining environmentally unsound practices.[60][61]

BP was one nominee for the 2009 Greenwash Awards, on companies trying to look green and failing.[62]

As of 11 February 2007 BP announced that they would spend $8 billion over ten years to research alternative methods of fuel, including natural gas, hydrogen, solar, and wind. A $500 million grant to the University of California, Berkeley, Lawrence Berkeley National Laboratory, and the University of Illinois at Urbana-Champaign, to create an Energy Biosciences Institute[63] has recently come under attack, over concerns about the global impacts of the research and privatisation of public universities.[64]


BP "Helios" fueling station in Los Angeles

In March 2007, BP unveiled its Helios fuel station on Olympic Boulevard in Los Angeles.[65] The station has radical architecture for a fuel station, and is a "living lab" for green technologies.[66] However, although there are solar panels on the roof, as of July 2007 they are not yet operational.[67]

Contributions to political campaigns

According to the Center for Responsive Politics, BP is the United States' hundredth largest donor to political campaigns, having contributed more than US$5 million since 1990, 72% and 28% of which went to Republican and Democratic recipients, respectively. BP has lobbied to gain exemptions from U.S. corporate law reforms.[68] Additionally, BP paid the Podesta Group, a Washington, D.C.-based lobbying firm, $160,000 in the first half of 2007 to manage its congressional and government relations.[69]

In February 2002 BP's chief executive, Lord Browne of Madingley, renounced the practice of corporate campaign contributions, noting: "That's why we've decided, as a global policy, that from now on we will make no political contributions from corporate funds anywhere in the world."[70]

BP retail brands

BP gasoline station in Zanesville, Ohio using previous BP prototype.

BP

BP is one of the world's shortest and most valuable brands. The Helios Logo (Helios was the name of the Greek sun god), represents energy in its many forms. The value of the brand is enhanced by the fact that the company owns the two letter internet domain bp.com. The company registered the domain in 1989.

ampm

Main article: ampm

ampm is a convenience store chain with branches located in several U.S. states including Arizona, California, Nevada, Oregon, Washington, recently in Illinois, Indiana, Georgia and Florida, and in several countries worldwide such as Japan. In the western US, the stores are usually attached to an ARCO gas station; elsewhere, the stores are attached to BP gas stations. BP Connect stations in the US are transitioning to the ampm brand.

ARCO

ARCO is BP's retail brand on the US West Coast in the seven Western States of California, Oregon, Washington, Nevada, Idaho, Arizona, and Utah. BP acquired ARCO (formerly the AtlanticRichfieldCompany) in 2000. ARCO is a popular "cash only" retailer, selling products refined from Alaska North Slope crude at plants at Cherry Point (WA), Los Angeles (CA) and at other contract locations on the West Coast.

BP Travel Centre

BP Travel Centers are large scale destination sites located in Australia which on top of offering the same features of a BP Connect site with fuel and a Wild Bean Cafe, also feature major food-retail tenants such as McDonalds, KFC, Nando's and recently Krispy Kreme, with a large seating capacity food court. There are also facilities for long-haul truck drivers including lounge, showers and washing machines all in the same building. There are 4 travel centers located in South East Queensland, Australia. Two on the Pacific Highway (Coomera and Stapylton) and two on the Bruce Highway (Caboolture). A fifth travel center was opened in 2007 at Chinderah in northern New South Wales.

BP Connect

BP Connect is BP's flagship retail brand name with BP Connect Service stations being operated around the UK, Europe, USA, Australia, New Zealand, Federation of Bosnia and Herzegovina and other parts of the world. BP Connect sites feature the Wild Bean Cafe which offers cafe style coffee made by the staff and a selection of hot food as well as freshly baked muffins and sandwiches. The food offered in Wild Bean Cafe varies from each site. BP Connect sites usually offer table and chair seating and often an Internet kiosk. In the US, the BP Connect concept is gradually being transitioned to the ampm brand and concept. Some BP Connect sites around the UK ran in partnership with Marks & Spencer with the on-site shop being an M&S Simply Food instead of a BP Shop.

BP Express

BP Express was the flagship BP brand prior to the introduction of BP Connect in 2000. There are still some BP Express sites operating around the world but most have been either upgraded to Connect or changed to an alternative brand. BP Express offers a bakery service but doesn't have the selection of food offered in the Wild Bean Cafe and usually coffee is only available through a self service machine.

To Confuse matters: In the Netherlands BP is opening unmanned stations with no shops or employees. these stations are called BP Express.[71] Some of these stations used to be 'ordinary' BP stations, some are new to the BP network. Apart from these stations BP Express shopping does also exist in the Netherlands.

BP Shop

A BP Petrol prices sign outside a BP Shop garage in the United Kingdom (prices in UK pence per litre).

BP Shop is commonly used on smaller sites mainly independently owned sites. Products vary in each BP Shop but usually a selection of convenience store style food and automotive products.

BP 2go branded petrol station in Australia

BP 2go

BP 2go is a franchise brand used for independently operated sites in New Zealand and is currently being rolled out throughout Australia (Although not all BP 2go stores are franchises in Australia). BP 2go sites mainly operate in towns and outer suburbs in New Zealand. BP 2go offers similar bakery food to BP Connect but in a pre-packaged form. Some BP Express sites around New Zealand and Australia that were considered too small to be upgraded to BP Connect were given the option to change to BP 2go others were downgraded to BP Shop. Staff at some BP 2go sites wear a different style of uniform to the rest of the BP branded sites, however in company owned and operated 2go sites in Australia the same uniform is worn across all sites.

Castrol

Castrol is a brand of motor oil and other lubricants which is entirely a BP brand but tends to retain its separate identity.

Air BP and BP Shipping

Air BP is the aviation fuel arm, BP Marine the marine fuels and lubricants arm and BP Shipping is the Shipping arm within the BP group


BP Shipping provides the logistics to move BP’s oil and gas cargoes to market as well as marine assurance on everything that floats in the BP group It manages a large fleet of vessels most of which are held on long term operating leases. BP Shipping’s Chartering Teams based in London, Singapore and Chicago also charter third party vessels on both time charter and voyage charter basis. BP-managed fleet consists of Very Large Crude Carriers (VLCCs), one North Sea shuttle tanker, medium size crude and product carriers, liquefied natural gas (LNG) carriers, liquefied petroleum gas (LPG) carriers and coasters. All of these ships are double-hulled.

The recent BP advertising campaign has been criticised by many as a superficial and stereotypical representation of the common man. Often the ads showcase a series of "man-on-the-street" type questionnaires with questions pertaining to BP. However, the music composed by BP for the purpose of the ads has been praised and lauded.[citation needed]

BP was also recently awarded a satirical prize, the "Emerald Paintbrush" award, by Greenpeace UK. The "Emerald Paintbrush" award was given to BP in order to highlight its alleged greenwashing campaign. Critics point out that while BP advertises its relatively minimal investment in alternative energy sources, the majority of its investments continue to go into fossil fuels.[72]

BP is a sponsor of the Scripps Institution CO2 program to measure carbon dioxide levels in the atmosphere.[73]

Bibliography

  • The history of the British Petroleum Company
    • Vol. I:R.W.Ferrier, The Developing Years 1901-1932, Cambridge University Press, 1982
    • Vol. II: James H. Bamberg, The Anglo-Iranian Years, 1928-1954, Cambridge University Press, 1994
    • Vol. III: James H. Bamberg, British Petroleum and Global Oil, 1951-1975: The Challenge of Nationalism, Cambridge University Press, 2000

For the early history of BP in Iran and Iraq see

Karl E. Meyer and Shareen Brysac. Kingmakers: the Invention of the Modern Middle East. W.W. Norton (2008)ISBN 978-0-393-06199-4

See also

Notes

  1. ^ a b c "Annual Results 2009" (PDF). BP. Retrieved 2 February 2010.
  2. ^ "BP Global head office." BP. Retrieved on 9 April 2010.
  3. ^ "Contact BP in the United Kingdom." BP. Retrieved on 18 August 2009.
  4. ^ "Maps." City of Westminster. Retrieved on 28 August 2009.
  5. ^ It's about time oil started defending itself
  6. ^ a b c Australian Dictionary of Biography
  7. ^ The greatest 20th century beneficiary of popular mythology has been the cad Churchill
  8. ^ Yousof Mazandi, United Press, and Edwin Muller, Government by Assassination (Reader's Digest September 1951)
  9. ^ Britain Fights Oil Nationalism
  10. ^ a b BP: History at Funding Universe
  11. ^ Sztucki, Jerzy (1984). Interim measures in the Hague Court. Brill Archive. p. 43. ISBN 9789065440938.
  12. ^ a b How a Plot Convulsed Iran in '53 (and in '79)
  13. ^ New York Times article, 1953
  14. ^ Kinzer, All the Shah's Men, (2003), p.195–6
  15. ^ Background to Confrontation
  16. ^ Natural Gas and Alaska's Future: The Facts page 22
  17. ^ BP dossier
  18. ^ a b Sohio timeline
  19. ^ TNK appoints Sir Peter Walters
  20. ^ Privitisation
  21. ^ Kuwait has 10% of BP
  22. ^ Britain drops a barrier to BP bid
  23. ^ Organising for performance: how BP did it
  24. ^ Royal Academy of Engineering
  25. ^ BP and Amoco in oil mega-merger
  26. ^ BP strikes it rich in America
  27. ^ BP Amoco to buy Burmah Castrol
  28. ^ BP sells chemical unit for £5bn
  29. ^ Errors led to BP refinery blast
  30. ^ BP puts 100 gas stations up for sale in Colorado.(British Petroleum Company PLC)
  31. ^ Gas station signs of change
  32. ^ BP to Sell Most Company-Owned, Company-Operated Convenience Stores to Franchisees
  33. ^ Oil Gushes into Arctic Ocean from BP Pipeline
  34. ^ "Penny Shares Online: BP(BP.)". 10 July 2006. Retrieved 10 July 2006.
  35. ^ "BP Set to Leave Russia Gas Project" by Guy Chazan and Gregory White, Wall Street Journal, 22 June 2007 p. A3.
  36. ^ Mark Tran (19 July 2006). "BP shuts leaking Alaskan wells". "Guardian Unlimited". London.
  37. ^ BP CEO set to retire
  38. ^ BP's Browne quits over lie
  39. ^ "Oil rig blaze off Louisiana leaves at least 11 missing". BBC News. 21 April 2010. Retrieved 1 May 2010.
  40. ^ "U.S. Gulf state shrimpers sue BP over oil spill". Reuters. Retrieved 1 May 2010.
  41. ^ BP: The Board
  42. ^ Alaska Oil Spill Fuels Concerns Over Arctic Wildlife, Future Drilling
  43. ^ "Alaska Update". BP. 2 October 2006.
  44. ^ BP accused of 'draconian' cost cuts prior to Alaskan pipeline spill
  45. ^ Methanol and crude spill from Prudhoe Bay pipeline
  46. ^ The tactics of these rogue climate elements must not succeed
  47. ^ Cree aboriginal group to join London climate camp protest over tar sands
  48. ^ a b Baker Panel Report
  49. ^ Associated Press, "BP fined record $87 million for safety breaches", 31 October 2009.
  50. ^ BP pays out millions to Colombian farmers
  51. ^ Citizens concerned about project
  52. ^ Seabed supplies a cure for global warming crisis
  53. ^ Ten Worst Corporations of 2000
  54. ^ The 10 Worst Corporations of 2005
  55. ^ bp: Beyond Petroleum?
  56. ^ SaveTheArctic.com
  57. ^ GB application 1435945, British Petroleum CO, "Oil Clean-Up Method", published 12 May 1976 
  58. ^ "Global Climate Coalition". Sourcewatch.
  59. ^ How green is BP?
  60. ^ Monbiot, George (13 June 2006). "Behind the spin, the oil giants are more dangerous than ever". The Guardian. London. Retrieved 26 April 2010.
  61. ^ Edinburgh Evening News
  62. ^ BP – nominated for green spin on the activities of the company
  63. ^ Energy Biosciences Institute - Main Home
  64. ^ Stop BP-Berkeley
  65. ^ About the station | The greencurve
  66. ^ 'Green' BP Station Still Pumps Gas : NPR
  67. ^ BP unveils green gas station : Business News : Redding Record Searchlight
  68. ^ "BP". The Center For Responsive Politics.
  69. ^ "BP". The Center for Responsive Politics.
  70. ^ BP stops paying political parties
  71. ^ http://www.bpexpress.nl
  72. ^ "BP wins coveted 'Emerald Paintbrush' award for worst greenwash of 2008". Greenpeace.org.uk. 22 December 2008. Retrieved 1 May 2010.
  73. ^ Scripps Institution

External links

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