BP PLC is one of the world’s seven largest publicly traded oil and gas companies, with operations in more than 70 countries worldwide. Headquartered in London, the company provides its customers with fuel, energy, lubricants, and petrochemical products. It is also involved in renewable energy and biofuels production.
Founded as the Anglo-Persian Oil Company in 1908, the company has had many evolutions, most notably as the Anglo-Iranian Oil Company (1935-1954), British Petroleum (1954-1998), BP Amoco PLC (1998-2001) and, finally, BP PLC (2001-present).
The company’s segments include Upstream (oil and natural gas exploration, field development and production, midstream transportation, storage and processing), Downstream (global manufacturing and marketing operations), Rosneft (on- and offshore hydrocarbons), and Other Businesses and Corporate (biofuels and wind businesses, shipping and treasury functions, and corporate activities worldwide).
Shares are traded on the London Stock Exchange (LSE), the Frankfurt Stock Exchange (FWB) and the New York Stock Exchange (NYSE).
BP PLC Market Influences
A variety of factors have an effect on energy markets, ranging from supply and demand to international politics and world crises (e.g. the Arab Spring revolts of 2011), and natural and man-made disasters (such as the Deepwater Horizon oil spill that took place in 2010 in the Gulf of Mexico).