BP BP.L

BP p.l.c. is an integrated oil and gas company. Founded in 1909, it has its headquarters in London, UK. It primarily explores, develops, and markets oil and gas. BP operates internationally in more than 60 countries. The company drives a sustainability agenda towards achieving net-zero or zero carbon emissions, aiming to establish a balance between energy demands and the environment.

The company runs its operations through three main divisions. Its Upstream segment manages the exploration, development, production, transport, and storage of oil and natural gas fields. Raw product refinement, processing, manufacturing, and marketing runs through the company’s Downstream segment. Finally, the Rosneft division explores and produces hydrocarbons, jet fuels, bitumen, and lubricants. Brands under the BP umbrella include Castrol, AMOCO, and AMPM.

BP is publicly traded on the London Stock Exchange under the ticker BP.L. In December 2020, Hilcorp Energy Company acquired BP’s 49% interest in the Trans-Alaska Pipeline System and 49% interest in the Alyeska Service Company. BP gained $5.6bn with this divestment. In December 2020, the company also signed an exclusive memorandum of understanding with FreeWire Technologies to install the FreeWire Boost Charger™ systems across the UK.

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