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BP Corporate Profile

World's third largest oil company likes to think of itself as an eco-friendly company. Recent disasters are threatening that image. BP's share price sinking after massive spill in the Gulf of mexico.

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416 views1 page

BP Corporate Profile

World's third largest oil company likes to think of itself as an eco-friendly company. Recent disasters are threatening that image. BP's share price sinking after massive spill in the Gulf of mexico.

Uploaded by

The State Newspaper
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Looking at BP Highlights of BP’s history

1909 Company founded as Anglo-


While the world’s third largest oil company likes Persian Oil Company after oil
to think of itself as an eco-friendly company working to discovered in Persia (now Iran)
find fuel sources that are “Beyond Petroleum,” recent 1935 Renamed Anglo-Iranian Oil Co.
disasters are threatening that image.
1951 Iran nationalizes oil industry
under leadership of Mohammed
BP at a glance BP’s sinking shares Mossadeq
Headquarters London Oil spill in the Gulf is driving down 1953 Mossadeq overthrown in coup, in
Chairman Carl-Henric Svanberg BP’s stock price; daily closes since which British and U.S. intelligence are
May 2009 implicated; critics say they were
Employees (2009) 80,300 protecting Western oil interests
Sales (2009) $246 billion $65 1954 Renamed British Petroleum,
Net profit (2009) $16.8 billion resumes production in Iran; during
’50s, expands into other parts of the
Net profit (1st quarter, 2010) 60
Mideast, Canada, Africa, Europe
$6.08 billion
1960s Expands into Alaska after oil
Profile Explores for oil and gas 55 discovered in Prudhoe Bay
in 30 countries; proved reserves of 18.3
billion barrels of oil equivalent; largest 1987 British government sells its stake
producer in the U.S.; sells products in 50 in the company to BP
more than 80 countries May 4 1998 Merges with Amoco
Recent troubles Texas City, Texas, $51.23 2000 Acquires Arco and
45
refinery explosion kills 15 people in Burmah Castrol
2005; Prudhoe Bay oil field shut in 2006
after spill from oil transit line; 2010 oil 40 © 2010 MCT
rig explosion leads to massive spill in MJ J A S O N D J F MA M Source: BP, Hoover’s, BBC, Financial
Times
Gulf of Mexico Graphic: Pat Carr

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