1 St James's Square
London, UK SW1Y
 Synopsis: Business Condition
Year Founded 1889
Employment 79,700
Sector Basic Materials
Industry Major Integrated Oil & Gas
BP plc
     Last modified on: 6/25/2013

BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. The company operates through two segments: Exploration and Production, and Refining and Marketing. The Exploration and Production segment engages in the oil and natural gas exploration, field development, and production; and marketing and trading of natural gas, including liquefied natural gas, and power and natural gas liquids. It has exploration and production activities in Angola, Azerbaijan, Canada, Egypt, the Russian Federation, Trinidad and Tobago, Norway, the United Kingdom, and the United States, as well as in the Asia Pacific, Latin America, North Africa, and the Middle East. This segment also owns and manages crude oil and natural gas pipelines; processing and export terminals; and LNG processing facilities and transportation, as well as involves in gas marketing and trading activities. BP p.l.c. has interests in the Trans Alaska pipeline system, the Forties pipeline system, the Central Area transmission system pipeline, the South Caucasus Pipeline, and Baku-Tbilisi-Ceyhan pipeline, as well as in LNG plants located in Trinidad, Indonesia, and Australia. The Refining and Marketing segment engages in the supply and trading, refining, marketing, and transportation of crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers under the Aral, Amoco, ARCO, BP, and Castrol brands. The Other Businesses and Corporate segment produces and markets rolled aluminum products, as well as generates energy through wind, solar, biofuels, hydrogen, and carbon capture and storage sources. The company was founded in 1889 and is headquartered in London, the United Kingdom.