BP p.l.c.[3][4] (LSE: BP, NYSE: BP) is a British multinational oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and one of the six oil and gas "supermajors".[5][6] It is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has major renewable energy activities, including in biofuels and wind power.
BP has operations in over 80 countries, produces around 3.4 million barrels of oil equivalent per day and has 21,800 service stations worldwide.[7][8] Its largest division is BP America, which is the second-largest producer of oil and gas in the United States and is headquartered in Houston, Texas.[9] As of December 2011[update], BP had total proven commercial reserves of 17.75 billion barrels of oil equivalent.[10] The name "BP" derives from the initials of one of the company's former legal names, British Petroleum.[11][12]
BP has been involved in a number of major environmental and safety incidents and received criticism for its political influence. In 1997 it became the first major oil company to publicly acknowledge the need to take steps against climate change, and in that year established a company-wide target to reduce its emissions of greenhouse gases.[13] BP currently invests over US$1 billion per year in the development of renewable energy sources, and has committed to spend US$8 billion on renewables in the 2005 to 2015 period.[14]
BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of £87.1 billion as of 26 December 2011, the fourth-largest of any company listed on the London Stock Exchange.[15] It has a secondary listing on the New York Stock Exchange.
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.[16] This was the first commercially significant find in the Middle East. On 14 April 1909, the Anglo-Persian Oil Company (APOC) was incorporated as a subsidiary of Burmah Oil Company to exploit this.[16] In 1923, it employed future Prime Minister, Winston Churchill as a paid consultant, to lobby the British government to allow Burmah to have exclusive rights to Persian oil resources, which were successfully granted.[17] In 1935, it became the Anglo-Iranian Oil Company (AIOC).[16]
Following 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.[18] The Majlis of Iran (parliament) elected a nationalist, Mohammed Mossadeq, as prime minister. In April, the Majlis nationalised the oil industry by unanimous vote.[19] The National Iranian Oil Company was formed as a result, displacing the AIOC.[20] 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.[21]
By spring of 1953, incoming US President Dwight D. Eisenhower authorised the Central Intelligence Agency (CIA) to organise a coup against the Mossadeq government with support from the British government.[22] 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.[22]
Mossadeq was replaced by pro-Western general Fazlollah Zahedi[23] and the Shah, who returned to Iran after having left the country briefly to await the outcome of the coup. The Shah abolished the democratic Constitution and assumed autocratic powers.
After the coup, Mossadeq's National Iranian Oil Company became an international consortium, and AIOC resumed operations in Iran as a member of it.[20] 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."[24] 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..[25]
The AIOC became the British Petroleum Company in 1954. In 1959, the company expanded beyond the Middle East to Alaska[26] and in 1965 it was the first company to strike oil in the North Sea.[27] In 1978 the company 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.[28] In 1967 the giant oil tanker, the Torrey Canyon, foundered off the English coast, even though the ship was flying the well known flag of convenience, that of Liberia. The ship was in fact operated on behalf of BP. The Prime Minister of that time, 1967, had the ship bombed by RAF jet bombers, in an effort to break the ship up and sink it (see Torrey Canyon oil spill). This was unsuccessful, and the method has not been repeated. BP continued to operate in Iran until the Islamic Revolution in 1979. The new regime of Ayatollah Khomeini confiscated all of the company’s assets in Iran without compensation, bringing to an end its 70-year presence in Iran.
Sir Peter Walters was the company chairman from 1981 to 1990.[29] This was the era of the Thatcher government's privatisation strategy. The British government sold its entire holding in the company in several tranches between 1979 and 1987.[30] The sale process was marked by an attempt by the Kuwait Investment Authority, the investment arm of the Kuwait government, to acquire control of the company.[31] This was ultimately blocked by the strong opposition of the British government. In 1987, British Petroleum negotiated the acquisition of Britoil[32] and the remaining publicly traded shares of Standard Oil of Ohio.[28]
Walters was replaced by Robert Horton in 1989. Horton carried out a major corporate down-sizing exercise removing various tiers of management at the Head Office.[33]
Standard Oil of California and Gulf Oil merged in 1984, the largest merger in history at that time. Under the anti-trust regulation, SoCal divested many of Gulf's operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States.[34]
John Browne, who had been on the board as managing director since 1991, was appointed group chief executive in 1995.[35] Browne was responsible for three major acquisitions; Amoco, ARCO and Burmah-Castrol (see below).
British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998,[36] becoming BP Amoco plc.[37] In 2000, BP Amoco acquired Arco (Atlantic Richfield Co.)[38] and Burmah Castrol plc.[39] As part of the merger's brand awareness, the company helped the Tate Modern British Art launch RePresenting Britain 1500–2000[40] In 2001, the company formally renamed itself as BP plc[37] 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 stations in the United States were converted to BP's brand and corporate identity. In many states BP continued to sell Amoco branded petrol even in service stations with the BP identity as Amoco was rated the best petroleum brand by consumers for 16 consecutive years and also enjoyed one of the three highest brand loyalty reputations for petrol in the US, comparable only to Chevron and Shell. In May 2008, when the Amoco name was mostly phased out in favour of "BP Gasoline with Invigorate", promoting BP's new additive, the highest grade of BP petrol available in the United States was still called Amoco Ultimate.
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 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.[41] In 2005, BP announced that it would be leaving the Colorado market.[42] Many locations were re-branded as Conoco.[43] In 2006, when Chevron Corporation gave exclusive rights to the Texaco brand name in the US Texaco sold most of the BP gas stations in the southeast. BP has recently looked to grow its oil exploration activities in frontier areas such as the former Soviet Union for its future reserves.[44] 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.[45]
In 2007, BP sold its corporate-owned convenience stores, typically known as "BP Connect", to local franchisees and jobbers.[46]
On 12 January 2007, it was announced that Lord Browne would retire as chief executive at the end of July 2007.[47] The new Chief Executive, Tony Hayward, had been head of exploration and production. 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 gay lover. Hayward succeeded Browne with immediate effect.[48]
On 1 October 2010, Bob Dudley replaced Tony Hayward as the company's CEO.[49]
On 15 January 2011, Rosneft and BP announced a deal to jointly develop East-Prinovozemelsky field on the Russian arctic shelf. As part of the deal, Rosneft will receive 5% of BP's shares (worth approximately $7.8 billion, as of January 2011) and BP will get approximately 9.5% of Rosneft's shares in exchange.[50] According to the deal, the two companies will also create an Arctic technology centre in Russia to develop technologies and engineering practices for safe arctic hydrocarbons extraction.[51]
In February 2011, BP formed a partnership with Reliance Industries, taking a 30 percent stake in a new Indian joint-venture for an initial payment of $7.2 billion.[52]
BP's Exploration and Production division is responsible for the discovery, production and transportation of oil and gas to market. It operates in around 30 countries and employs more than 20,000 people.
BP's Refining and Marketing division is responsible for the supply and trading, refining, marketing and transportation of oil, gas and petroleum products.
Air BP is the aviation division of BP, providing aviation fuel, lubricants & services. It has operations in over 50 countries worldwide.
BP Shipping provides the logistics to move BP's oil and gas cargoes to market, as well as marine structural assurance[53] 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.
The 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.[54]
Castrol is a brand of industrial and automotive lubricants which is applied to a large range of BP oils, greases and similar products for most lubrication applications.
ampm is a convenience store chain with branches located in several US states including Arizona, California, Nevada, Ohio, 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.
An
Aral service station in Germany
In Germany and Luxembourg, BP operates its petrol retail chain under the name Aral after acquiring the majority of Veba Öl AG in 2001 and rebranding almost all of its BP filling stations to Aral.
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 Atlantic Richfield Company) in 2000. ARCO is a popular "cash only" retailer, selling products refined from Alaska North Slope crude at the Cherry Point Refinery in Washington, a plant in Los Angeles, and at other contract locations on the West Coast.
BP Connect is BP's flagship retail brand name with BP Connect Service stations being operated around the UK, Europe, USA, Australia, New Zealand 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.
In the Netherlands, BP is opening unmanned stations with no shops or employees. These stations are called BP Express.[55] Some of these stations used to be 'ordinary' BP stations and others are new to the BP network. Apart from these stations, BP Express shopping does also exist in the Netherlands.
A BP 2go branded service station in Australia
BP 2go is a franchise brand used for independently operated sites in New Zealand and Australia (although not all BP 2go stores are franchises in Australia). BP 2go offers similar bakery food to BP Connect but in a pre-packaged form.
BP Travel Centres 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 McDonald's, KFC, Nando's and Krispy Kreme, with a large seating capacity food court. There are also facilities for long-haul truck drivers, including a lounge, showers and washing machines all in the same building.
BP Canada operated retail locations in Canada from 1948 to 1982, which were sold and rebranded as Petro Canada.
Between 2005 and 2010, BP invested about $5 billion in its renewable energy business, mainly in biofuel and wind power projects. In 2011, BP planned to invest $1 billion in renewables, roughly the same amount it invested in 2010.[56]
In 2011, BP announced a plan to construct a biofuel refinery in the Southeastern US. In 2010, it took a full control of Vercipia Biofuels, a cellulosic ethanol producer originally established as a joint venture with Verenium Corporation. In Brazil, BP holds a 50% stake in Tropical BioEnergia and plans to operate two ethanol refineries. In the US BP has more than 1,200 megawatts (MW) of wind-powered electricity capacity and in July 2010 it began construction of the 250 MW Cedar Creek II Wind Farm in Colorado.[56]
BP's subsidiary BP Solar was a producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. Through a series of acquisitions in the solar power industry BP Solar became the third largest producer of solar panels in the world. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. Due to competition from China, BP closed its US plants in Frederick, Maryland as part of a transition to manufacturing in China.[57] In December 2011, BP Solar was closed and BP withdrew from the solar power industry, saying it was no longer profitable.[58][58][59][60]
The current members of the BP board of directors are:[61]
Financial data in millions of US$
| Year |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
| Sales |
180,186 |
236,045 |
294,849 |
249,465 |
265,906 |
284,365 |
361,341 |
239,272 |
| EBITDA |
22,941 |
28,200 |
37,825 |
41,453 |
44,835 |
|
|
|
| Net results |
6,845 |
10,267 |
15,961 |
22,341 |
22,000 |
20,845 |
21,157 |
16,578 |
| Net debt |
20,273 |
20,193 |
21,607 |
16,202 |
16,202 |
|
|
|
-
-
-
-
-
- Source :OpesC
A BP service station in
Ohio, United States showing the previous 'Green Shield' branding
Until 31 December 1998 the company was formally registered as the British Petroleum Company plc. Following a merger with Amoco the company adopted the name BP Amoco plc in January 1999, which was retained until May 2001 when the company was renamed BP p.l.c.[62][63] In the first quarter of 2001 the company adopted the marketing name of BP, replaced its “Green Shield” logo with the Helios symbol, a green and yellow sunflower pattern, and introduced a new corporate slogan – “Beyond Petroleum”. The transition to the name and logo was managed by the advertising agency Ogilvy & Mather and the PR consultants, Ogilvy PR.[64] The Helios logo (Helios is the name of the Greek sun god), is designed to represent energy in its many forms. BP's tagline, "Beyond Petroleum", according to the company represents their focus on meeting the growing demand for fossil fuels, manufacturing and delivering more advanced products, and enabling the material transition to a lower carbon future.[65]
BP was named by Multinational Monitor as one of the ten worst corporations in both 2001 and 2005 based on its environmental and human rights records.[66] 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.[67] According to PIRG research, between January 1997 and March 1998, BP was responsible for 104 oil spills.[68] BP patented the Dracone Barge to aid in oil spill clean-ups across the world.[69]
As of 11 February 2007, BP announced that it 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[70] has recently come under attack, over concerns about the global impacts of the research and privatisation of public universities.[71]
BP's investment in green technologies peaked at 4% of its exploratory budget, but they have since closed their alternative energy headquarters in London. As such they invest more than other oil companies, but it has been called greenwashing due to the small proportion of the overall budget.[72] BP was a nominee for the 2009 Greenwash Awards for deliberately exaggerating its environmental credentials. According to Greenpeace in 2008 BP invested $20 billion in fossil fuels, but only $1.5 billion in all alternative forms of energy.[73]
In July 2006, critics pointed to the relative lack of press coverage about a spill of 270,000 gallons of crude oil that spread into the Alaskan tundra, noting this as evidence that BP had successfully greenwashed its image, while maintaining environmentally unsound practices.[74][75]
In 2008, BP was awarded a satirical prize, the "Emerald Paintbrush" award, from 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 activities in alternative energy sources, the majority of its capital investments continue to go into fossil fuels.[76] BP was also one nominee for the 2009 Greenwash Awards.[77]
BP was a founding sponsor of the University of East Anglia's Climatic Research Unit in 1971, the research unit that was at the center of an email hacking controversy in November 2009.[78]
BP Amoco was a member of the Global Climate Coalition an industry organisation 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.".[79]
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."[80]
BP is a sponsor of the Scripps Institution CO2 program to measure carbon dioxide levels in the atmosphere.[81]
In September 1999, one of BP’s US subsidiaries, BP Exploration Alaska (BPXA), agreed to resolve charges related to the illegal dumping of hazardous wastes on the Alaska North Slope, for $22 million. The settlement included the maximum $500,000 criminal fine, $6.5 million in civil penalties, and BP’s establishment of a $15 million environmental management system at all of BP facilities in the US and Gulf of Mexico that are engaged in oil exploration, drilling or production. The charges stemmed from the 1993 to 1995 dumping of hazardous wastes on Endicott Island, Alaska by BP’s contractor Doyon Drilling. The firm illegally discharged waste oil, paint thinner and other toxic and hazardous substances by injecting them down the outer rim, or annuli, of the oil wells. BPXA failed to report the illegal injections when it learned of the conduct, in violation of the Comprehensive Environmental Response, Compensation and Liability Act.[82]
In August 2006, BP shut down oil operations in Prudhoe Bay, Alaska, due to corrosion in pipelines leading up to the Alaska Pipeline. The wells were leaking insulating agent called Arctic pack, consisting of crude oil and diesel fuel, between the wells and ice.[83] BP had spilled over one million litres of oil in Alaska's North Slope.[84] This corrosion is caused by sediment collecting in the bottom of the pipe, protecting corrosive bacteria from chemicals sent through the pipeline to fight these 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.[85]
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.[86]
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.[87]
Two weeks prior to the Deepwater Horizon explosion, BP admitted that malfunctioning equipment lead to the release of over 530,000 lbs of chemicals into the air of Texas City and surrounding areas from 6 April to 16 May. The leak included 17,000 pounds of benzene (a known carcinogen), 37,000 pounds of nitrogen oxides (which contribute to respiratory problems), and 186,000 pounds of carbon monoxide.[88][89]
Public protest in New Orleans following the Deepwater Horizon oil spill.
On 20 April 2010, the semi-submersible exploratory offshore drilling rig Deepwater Horizon exploded after a blowout; it sank two days later, killing 11 people. This blowout in the Macondo Prospect field in the Gulf of Mexico resulted in a partially capped oil well one mile below the surface of the water. Experts estimate that the gusher flowed at a rate of 35,000 to 60,000 barrels per day (5,600 to 9,500 m3/d) of oil.[90][91][92] The exact flow rate was uncertain due to the difficulty of installing measurement devices at that depth and is a matter of ongoing debate.[93] The resulting oil slick covered at least 2,500 square miles (6,500 km2), fluctuating from day to day depending on weather conditions.[94] It threatened the coasts of Louisiana, Mississippi, Alabama, Texas, and Florida.
The drilling rig was owned and operated by Transocean Ltd[95] on behalf of BP, which is the majority owner of the Macondo oil field. At the time of the explosion, there were 126 crew on board; seven were employees of BP and 79 of Transocean. There were also employees of various other companies involved in the drilling operation, including Anadarko, Halliburton and M-I Swaco.[96]
The US Government named BP the responsible party, and officials committed to hold the company accountable for all clean-up costs and other damage.[97][98] BP stated that it would harness all of its resources to battle the oil spill, spending $7 million a day with its partners to try to contain the disaster.[99] In comparison, BP's 1st quarter profits for 2010 were approximately $61 million per day.[100] BP agreed to create a $20 billion spill response fund administered by Kenneth Feinberg.[101][102][103] The size of fund is not a cap or a floor on BP's liabilities. BP paid $3 billion in the third quarter of 2010 and $2 billion in the fourth quarter into the fund, followed payments of $1.25 billion per quarter until the total of $20 billion is reached. In the interim, BP has posted US assets worth $20 billion as bond. In order to fund the payments, BP cut its capital spending budget, sold $10 billion in assets, and dropped its dividend.[101][104] BP has also been targeted in litigation over the claims process it put in place for victims. A class action lawsuit was filed against BP and its initial claims administrator, the ACE, Ltd. Insurance Group company ESIS.[105]
BP began testing the tighter-fitted cap designed to stop the flow of oil into the Gulf of Mexico from a broken well for the first time in almost three months.[106] The test began Wednesday, 14 July 2010 with BP shutting off pipes that were funnelling some of the oil to ships on the surface, so the full force of the gusher went up into the cap.[106] Then deep-sea robots began slowly closing – one at a time – three openings in the cap that let oil pass through.[106] Ultimately, the flow of crude was stopped.[106] All along, engineers were watching pressure readings to learn whether the well is intact.[106] Former coast guard admiral Thad Allen, the Obama administration's point man on the disaster, said the government gave the testing go-ahead after carefully reviewing the risks.[106] "What we didn't want to do is compound that problem by making an irreversible mistake," he said.[106]
There have been some calls by environmental groups for BP to halt its "Mist Mountain" Coalbed Methane Project in the Southern Rocky Mountains of British Columbia and for the UN to investigate the mining activities.[107] The proposed 500 km² project is directly adjacent to the Waterton-Glacier International Peace Park.[108]
BP is one of numerous firms who are extracting oil from Canadian oil sands, a process that produces four times as much CO2 as conventional drilling.[109] The Cree First Nation describe this as 'the biggest environmental crime on the planet'.[110]
In December 1965, while the BP oil rig Sea Gem was being moved, two of its legs collapsed and the rig capsised. Thirteen crew were killed. Sea Gem was the first British offshore oil rig.[111]
In March 2005, BP's Texas City, Texas refinery, one of its largest refineries, exploded causing 15 deaths, injuring 180 people and forcing thousands of nearby residents to remain sheltered in their homes.[112] A large[clarification needed]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.[113]
The fallout 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 US Chemical Safety and Hazard Investigation Board[114] which "offered a scathing assessment of the company." OSHA found "organizational and safety deficiencies at all levels of the BP Corporation" and said management failures could be traced from Texas to London.[112]
The company pleaded guilty to a felony violation of the Clean Air Act, was fined $50 million, and sentenced to three years probation.
On 30 October 2009, the US Occupational Safety and Health Administration (OSHA) fined BP an additional $87 million—the largest fine in OSHA history—for failing to correct safety hazards revealed in the 2005 explosion. Inspectors found 270 safety violations that had been previously cited but not fixed and 439 new violations. BP is appealing that fine.[112][115] (see #Environmental record).
From January 2006 to January 2008, three workers were killed at the company's Texas City, Texas refinery in three separate accidents. In July 2006 a worker was crushed between a pipe stack and mechanical lift, in June 2007, a worker was electrocuted, and in January 2008, a worker was killed by a 500-pound piece of metal that came loose under high pressure and hit him.[116]
Facing scrutiny after the Texas City Refinery explosion, two BP-owned refineries in Texas City, and Toledo, were responsible for 97 percent (829 of 851) of wilful safety violations by oil refiners between June 2007 and February 2010, as determined by inspections by the Occupational Safety and Health Administration. Jordan Barab, deputy assistant secretary of labour at OSHA, said "The only thing you can conclude is that BP has a serious, systemic safety problem in their company."[117]
Disclosed US diplomatic cables by WikiLeaks revealed that BP had covered up a gas leak and blowout incident in September 2008 at a gas field under production in the Azeri-Chirag-Guneshi area of the Azerbaijan Caspian Sea. According to the cables, BP was lucky to have been able to evacuate everyone safely given the explosive potential. BP did not only hold back information to the public about the incident but even upset its partner firms in limiting the information shared. In January 2009, BP blamed a bad cement job as the cause for the incident. The Guardian noted a striking resemblance with the later oil spill disaster in the Gulf of Mexico.[118]
The 20 April 2010 explosion on BP's offshore drilling rig in the Gulf of Mexico resulted in the deaths of 11 people.[119][120][121]
Four BP energy traders in Houston were charged with manipulating prices of propane in October 2007. As part of the settlement of the case, BP paid the US government a $303 million fine, the largest commodity market settlement ever in the US. The settlement included a $125 million civil fine to the Commodity Futures Trading Commission, $100 million to the Justice Department, $53.3 million to a restitution fund for purchasers of the propane BP sold, and $25 million to a US Postal Service consumer fraud education fund.[122][123]
In May 2010, the Supreme Court of Arbitration of the Russian Federation agreed in support of the country’s antimonopoly service’s decision to a 1.1 billion Ruble fine ($35.2 million) against TNK/BP, a 50/50 joint venture, for abusing anti-trust legislation and setting artificially high oil products prices in 2008, TNK and BP declined comment.[124]
BP has been criticised for its involvement with Baku–Tbilisi–Ceyhan pipeline due to human rights, environmental and safety concerns.[125]
In July 2006, a group of Colombian farmers won a multi-million pound settlement from BP after the company was accused of benefiting from a regime of terror carried out by Colombian government paramilitaries to protect the 450-mile (720 km) Ocensa pipeline.[126]
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 US corporate law reforms.[127] 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.[128]
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."[129]
Despite this, in 2009 BP used nearly US$16 million to lobby US Congress, breaking the company's previous record (from 2008) of US$10.4 million.[130]
- ^ "Executive Compensation at BP". http://www.neumann-compensation.com/managers/company/bp-plc/. Retrieved 12 Jul. 2010.
- ^ a b c d e f "Annual Results 2011" (PDF). BP. 2 February 2010. http://www.google.com/finance?q=NYSE:BP&fstype=ii. Retrieved 11 Jun. 2010.
- ^ "BP plc 2009 Securities and Exchange Commission Form 20-F" (PDF) (Press release). BP plc. 2010. http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/I/BP_20-F_2009.pdf. Retrieved 11 Jun. 2010.
- ^ "Across Atlantic, Much Ado About Oil Company’s Name". The New York Times. 12 Jun. 2010. http://www.nytimes.com/2010/06/13/us/politics/13bp.html. Retrieved 17 Jun. 2010.
- ^ "Global 500 – 1-100". Fortune. 25 July 2011. http://money.cnn.com/magazines/fortune/global500/2011/full_list/index.html. Retrieved 15 March 2012.
- ^ "Oil majors' output growth hinges on strategy shift". Reuters. 1 August 2008. http://www.reuters.com/article/2008/08/01/us-oilmajors-production-idUSL169721220080801. Retrieved 15 March 2012.
- ^ Financial and Operating Information 2007-2011 (Report). BP. 2011. p. 63. http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/F/FOI_2007_2011_full_book.pdf.
- ^ Annual Report and Form 20-F 2011 (Report). BP. 2011. p. 98. http://www.bp.com/assets/bp_internet/globalbp/globalbp_uk_english/set_branch/STAGING/common_assets/bpin2011/downloads/BP_Annual_Report_and_Form_20F_2011.pdf. Retrieved 19 May 2012.
- ^ "BP enters shale oil quest in Ohio". UPI.com. 27 March 2012. http://www.upi.com/Business_News/Energy-Resources/2012/03/27/BP-enters-shale-oil-quest-in-Ohio/UPI-94691332873030/. Retrieved 19 May 2012.
- ^ "BP at a glance". BP.com. BP. http://www.bp.com/sectiongenericarticle.do?categoryId=3&contentId=2006926. Retrieved 19 May 2012.
- ^ "BP.com: History of BP – Post war". http://www.bp.com/sectiongenericarticle.do?categoryId=9014443&contentId=7027523. Retrieved 3 Jul. 2010. "In 1954, the board changed the company’s name to The British Petroleum Company"
- ^ Tharoor, Ishaan (2 Jun. 2010). "A Brief History of BP". TIME magazine. http://www.time.com/time/business/article/0,8599,1993361,00.html. Retrieved 3 Jul. 2010. "In 1954, in an attempt perhaps to move beyond its image as a quasi-colonial enterprise, the company rebranded itself the British Petroleum Company"
- ^ "BP tackles climate change threat with £200m boost for energy efficiency". London: The Telegraph. 25 October 2005. http://www.telegraph.co.uk/finance/2954970/BP-tackles-climate-change-threat-with-200m-boost-for-energy-efficiency.html. Retrieved 9 February 2011.
- ^ "BP to invest $1 bln plus in alt energy this year". Reuters. 13 April 2010. http://www.reuters.com/article/2010/04/13/bp-altenergy-idUSN1310080220100413. Retrieved 9 February 2011.
- ^ "FTSE All-Share Index Ranking". stockchallenge.co.uk. http://www.stockchallenge.co.uk/ftse.php. Retrieved 26 December 2011.
- ^ a b c "Australian Dictionary of Biography". Adb.online.anu.edu.au. http://www.adb.online.anu.edu.au/biogs/A080230b.htm. Retrieved 5 Jun. 2010.
- ^ Myers, Kevin (3 September 2009). "The greatest 20th century beneficiary of popular mythology has been the cad Churchill". Irish Independent. http://www.independent.ie/opinion/columnists/kevin-myers/the-greatest-20th-century-beneficiary-of-popular-mythology-has-been-the-cad-churchill-1876680.html.
- ^ Yousof Mazandi, United Press, and Edwin Muller, Government by Assassination (Reader's Digest September 1951).
- ^ "Britain Fights Oil Nationalism". The New York Times. http://www.nytimes.com/library/world/mideast/041600iran-cia-chapter1.html. Retrieved 5 Jun. 2010.
- ^ a b "BP: History at Funding Universe". Fundinguniverse.com. http://www.fundinguniverse.com/company-histories/The-British-Petroleum-Company-plc-Company-History.html. Retrieved 5 Jun. 2010.
- ^ Sztucki, Jerzy (1984). Interim measures in the Hague Court. Brill Archive. p. 43. ISBN 978-90-6544-093-8. http://books.google.com/books?id=3yDlnBv6Y8cC&lpg=PA43&ots=3VRY_7MGuX&dq=AIOC%20hague%20iran&pg=PA43.
- ^ a b "How a Plot Convulsed Iran in '53 (and in '79)". The New York Times. http://www.nytimes.com/library/world/mideast/041600iran-cia-intro.html. Retrieved 5 Jun. 2010.
- ^ "New York Times article, 1953". Partners.nytimes.com. 20 Aug. 1953. http://partners.nytimes.com/library/world/mideast/082053iran-army.html. Retrieved 5 Jun. 2010.
- ^ Kinzer, All the Shah's Men, (2003), pp. 195–6.
- ^ Everest, Larry. "Background to Confrontation". Revcom.us. http://revcom.us/a/090/iran-pt2-en.html. Retrieved 5 Jun. 2010.
- ^ "Natural Gas and Alaska's Future: The Facts page 22" (PDF). http://www.investfairbanks.com/Projects/PDFs/Vol.1_The_Facts.pdf. Retrieved 5 Jun. 2010.
- ^ "BP dossier". Sea-us.org.au. 21 Nov. 1999. http://www.sea-us.org.au/gulliver/bp.html. Retrieved 5 Jun. 2010.
- ^ a b "Sohio timeline". Dantiques.com. 1 Jun. 1913. http://www.dantiques.com/sohio/timeline.htm. Retrieved 5 Jun. 2010.
- ^ "TNK appoints Sir Peter Walters". Prnewswire.co.uk. 13 Jun. 2002. http://www.prnewswire.co.uk/cgi/news/release?id=86627. Retrieved 5 Jun. 2010.
- ^ Poole, Robert W.. "Privatisation". Econlib.org. http://www.econlib.org/library/Enc/Privatization.html. Retrieved 5 Jun. 2010.
- ^ Steve Lohr (19 November 1987). "Kuwait Has 10% Of B.P.; Price Put At $900 Million". The New York Times. http://www.nytimes.com/1987/11/19/business/kuwait-has-10-of-bp-price-put-at-900-million.html?sec=&spon=. Retrieved 11 Jun. 2010.
- ^ "Britain drops a barrier to BP bid". New York Times. Associated Press. 5 Feb. 1988. http://query.nytimes.com/gst/fullpage.html?res=940DE7DF1F30F936A35751C0A96E948260. Retrieved 5 Jun. 2010.
- ^ "Organising for performance: how BP did it". Gsb.stanford.edu. http://www.gsb.stanford.edu/news/bmag/sbsm0502/feature_bp.shtml. Retrieved 5 Jun. 2010.
- ^ "Company Profile". chevron.com. http://www.chevron.com/about/leadership/. Retrieved 5 May 2010.
- ^ "Royal Academy of Engineering". Raeng.org.uk. http://www.raeng.org.uk/about/fellowship/fame/browne.htm. Retrieved 5 Jun. 2010.
- ^ "BP and Amoco in oil mega-merger". BBC News. 11 Aug. 1998. http://news.bbc.co.uk/1/hi/business/the_company_file/149139.stm. Retrieved 5 Jun. 2010.
- ^ a b "BP Parent Company Name Change Following AGM Approval". BP.com. 1 May 2001. http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2001578. Retrieved 11 Jun. 2010.
- ^ Brierley, David (4 Apr. 1999). "BP strikes it rich in America". The Independent (London). http://www.independent.co.uk/news/business/bp-strikes-it-rich-in-america-1084972.html. Retrieved 5 Jun. 2010.
- ^ "BP Amoco Agrees Recommended Cash Offer To Buy Burmah Castrol For £3 ($4.7) Billion". BP.com. 14 March 2000. http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2000691. Retrieved 11 Jun. 2010.
- ^ Life: The Observer Magazine – A celebration of 500 years of British Art – 19 March 2000
- ^ "BP sells chemical unit for £5bn". BBC News. 7 Oct. 2005. http://news.bbc.co.uk/1/hi/business/4321046.stm. Retrieved 5 Jun. 2010.
- ^ Raabe, Steve (2 Jun. 2005). "BP puts 100 gas stations up for sale in Colorado.(British Petroleum Company PLC)". Accessmylibrary.com. http://www.accessmylibrary.com/premium/0286/0286-8415795.html. Retrieved 5 Jun. 2010.
- ^ "Gas station signs of change". Nl.newsbank.com. 18 Nov. 2005. http://nl.newsbank.com/nl-search/we/Archives?p_product=RM&p_theme=rm&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=10DF72B65CF64A98&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. Retrieved 5 Jun. 2010.
- ^ "Penny Shares Online: BP(BP.)". 10 July 2006. Archived from the original on 7 August 2007. http://web.archive.org/web/20070807121434/http://www.pennysharesonline.com/company/B/BP-BP..asp. Retrieved 11 Jun. 2010.
- ^ "BP Set to Leave Russia Gas Project" by Guy Chazan and Gregory White, Wall Street Journal, 22 June 2007 p. A3.
- ^ "BP to Sell Most Company-Owned, Company-Operated Convenience Stores to Franchisees" (Press release). BP. 15 Nov. 2007. http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7038464. Retrieved 5 Jun. 2010.
- ^ "BP CEO set to retire". Findarticles.com. 2007. http://findarticles.com/p/articles/mi_qa5322/is_200702/ai_n21282860. Retrieved 5 Jun. 2010. [dead link]
- ^ Ian Cobain and Clare Dyer (2 May 2007). "BP's Browne quits over lie". Guardian (London). http://www.guardian.co.uk/business/2007/may/02/media.pressandpublishing. Retrieved 5 Jun. 2010.
- ^ Young, Sarah; Falloon, Matt Falloon (30 September 2010). "New BP CEO says hopes to restore dividend in 2011". Reuters. http://uk.reuters.com/article/2010/09/30/uk-bp-dividend-idUKTRE68T3WR20100930. Retrieved 30 January 2011.
- ^ "BP and Russia in Arctic oil deal". BBC News. 14 January 2011. http://www.bbc.co.uk/news/business-12195576.
- ^ "Rosneft and BP Form Global and Arctic Strategic alliance". Rosneft. 14 January 2011. http://www.rosneft.com/news/pressrelease/15012011.html.
- ^ "BP announces $7.2B partnership with India's Reliance". New York Post. 21 February 2011. http://www.nypost.com/p/news/business/bp_announces_partnership_with_india_yE2nehOk1lvfc7TbYVHo0I?CMP=OTC-rss&FEEDNAME=.
- ^ "Marine Assurance". Bp.com. 1 January 2008. http://www.bp.com/sectiongenericarticle.do?categoryId=9019836&contentId=7036987. Retrieved 17 July 2010.
- ^ "BP Shipping Fleet". Bp.com. http://www.bp.com/managedlistingsection.do?categoryId=9019823&contentId=7036789. Retrieved 17 July 2010.
- ^ "Bespaar tijd en geld" (in Dutch). BP Europa SE – BP Nederland. http://www.bpexpress.nl. Retrieved 6 May 2010.
- ^ a b Murray, Terrence (1 February 2011). "BP Plans $1B Wind, biofuel Investments For 2011". IB Times. http://uk.ibtimes.com/articles/20110201/bp-plans-1b-wind-biofuel-investments-for-2011.htm.
- ^ "Solar Completes Manufacturing Restructuring With Closure of Frederick, MD Factory | Press". BP. 26 March 2010. http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7059551. Retrieved 17 July 2010.
- ^ a b http://www.businessweek.com/news/2012-01-19/renewables-growth-to-outpace-oil-gas-through-2030-bp-says.html
- ^ Bergin, Tom; Young, Sarah (2011-12-21). "BP turns out lights at solar business". Reuters. http://www.reuters.com/article/2011/12/21/us-bp-solar-idUSTRE7BK1CC20111221. Retrieved 2011-12-21.
- ^ http://www.bp.com/sectiongenericarticle.do?categoryId=9025019&contentId=7046515
- ^ "The Board". BP. http://www.bp.com/managedlistingsection.do?categoryId=9021801&contentId=7040608. Retrieved 5 Jun. 2010.
- ^ UK Companies House website
- ^ P.R. WEEK, US EDITION, 17 April 2000, P23.
- ^ “Charlex creates BP spot” www.charlex.com/news/BP/BP.press.html
- ^ "Beyond petroleum". BP. http://www.bp.com/sectiongenericarticle.do?categoryId=9028308&contentId=7019491. Retrieved 6 May 2010.
- ^ "The 10 Worst Corporations of 2005". Multinationalmonitor.org. 14 Oct. 2005. http://www.multinationalmonitor.org/mm2005/112005/mokhiber.html. Retrieved 5 Jun. 2010.
- ^ "bp: Beyond Petroleum?". Uow.edu.au. http://www.uow.edu.au/arts/sts/sbeder/bp.html. Retrieved 5 Jun. 2010.
- ^ "SaveTheArctic.com". SaveTheArctic.com. http://savethearctic.com/arctic.asp?id2=3865&id3=arctic&. Retrieved 5 Jun. 2010.
- ^ GB application 1435945, British Petroleum CO, "Oil Clean-Up Method", published 12 May 1976
- ^ "Main Home". Energy Biosciences Institute. 27 Jul. 2006. http://www.energybiosciencesinstitute.org/. Retrieved 5 Jun. 2010.
- ^ "Stop BP-Berkeley". Stop BP-Berkeley. http://www.stopbp-berkeley.org/. Retrieved 5 Jun. 2010.
- ^ Interviewer: Amy Goodman, Guest: Antonia Juhasz (5 May 2010). "BP Funnels Millions into Lobbying to Influence Regulation and Re-Brand Image". Amy Goodman's Weekly Column. Democracy Now. http://www.democracynow.org/2010/5/5/bp_funnels_millions_into_lobbying_to.
- ^ Carbon Scam: Noel Kempff Climate Action Project and the Push for Sub-national Forest Offsets Sub-prime carbon brought to you by AEP, BP, and Pacificorp, Greenpeace 10/2009 pages 4–5
- ^ Monbiot, George (13 June 2006). "Behind the spin, the oil giants are more dangerous than ever". The Guardian (London). http://www.guardian.co.uk/Columnists/Column/0,,1796114,00.html. Retrieved 26 April 2010.
- ^ "Edinburgh Evening News". Edinburghnews.scotsman.com. http://edinburghnews.scotsman.com/business.cfm?id=2148262005. Retrieved 5 Jun. 2010.
- ^ "BP wins coveted 'Emerald Paintbrush' award for worst greenwash of 2008". Greenpeace.org.uk. 22 December 2008. http://www.greenpeace.org.uk/blog/climate/bps-wins-coveted-emerald-paintbrush-award-worst-greenwash-2008-20081218. Retrieved 1 May 2010.
- ^ "BP – nominated for green spin on the activities of the company". Climategreenwash.org. http://www.climategreenwash.org/bp. Retrieved 5 Jun. 2010.
- ^ Michael Sanderson (2002). The History of the University of East Anglia. Hambledon and London. http://books.google.co.uk/books?id=50HjSi5o8J0C&pg=PA285#v=onepage&q&f=false. Retrieved 15 Oct. 2010.
- ^ "Global Climate Coalition". Sourcewatch. http://www.sourcewatch.org/index.php?title=Global_Climate_Coalition. Retrieved 11 Jun. 2010.
- ^ mindfully.org (13 Feb. 2001). "How green is BP?". Mindfully.org. http://www.mindfully.org/Industry/BP-How-Green8dec02.htm. Retrieved 5 Jun. 2010.
- ^ "Scripps Institution". Scrippsco2.ucsd.edu. http://scrippsco2.ucsd.edu/introduction/introduction.html. Retrieved 5 Jun. 2010.
- ^ "BP Exploration [Alaska Pleads Guilty To Hazardous Substance Crime Will Pay $22 Million, Establish Nationwide Environmental Management System"]. United States Environmental Protection Agency. 23 September 1999. http://yosemite.epa.gov/opa/admpress.nsf/016bcfb1deb9fecd85256aca005d74df/5d61856989631e20852567f6004bbbff?OpenDocument. Retrieved 11 Jun. 2010.
- ^ Mark Tran (19 July 2006). "BP shuts leaking Alaskan wells". The Guardian (London). http://money.guardian.co.uk/businessnews/article/0,,1824145,00.html.
- ^ "Alaska Oil Spill Fuels Concerns Over Arctic Wildlife, Future Drilling". News.nationalgeographic.com. http://news.nationalgeographic.com/news/2006/03/0320_060320_alaska_oil.html. Retrieved 5 Jun. 2010.
- ^ "Alaska Update". BP. 2 October 2006. http://usresponse.bp.com/go/doc/1249/132386/.
- ^ Andrew Clark in New York (1 May 2007). "BP accused of 'draconian' cost cuts prior to Alaskan pipeline spill". Guardian (London). http://www.guardian.co.uk/environment/2007/may/01/energy.business. Retrieved 5 Jun. 2010.
- ^ "Methanol and crude spill from Prudhoe Bay pipeline". Associated Press. 2 News KTUU.com. 16 October 2007. Archived from the original on 13 November 2007. http://web.archive.org/web/20071113155521/http://www.ktuu.com/Global/story.asp?S=7221594. Retrieved 11 Jun. 2010.
- ^ By T.J. Aulds (5 June 2010). "The Galveston County Daily News". Galvestondailynews.com. http://galvestondailynews.com/story/157738/. Retrieved 17 July 2010.
- ^ "BP Texas Refinery Had Huge Toxic Release Just Before Gulf Blowout". ProPublica. http://www.propublica.org/article/bp-texas-refinery-had-huge-toxic-release-just-before-gulf-blowout. Retrieved 17 July 2010.
- ^ "Oil estimate raised to 35,000–60,000 barrels a day". CNN. 15 Jun. 2010. http://edition.cnn.com/2010/US/06/15/oil.spill.disaster/index.html. Retrieved 15 Jun. 2010.
- ^ "How many gallons spilled?". http://howmanygallonsspilled.com/. Retrieved 17 Jun. 2010.
- ^ Macdonald, Ian; Amos, John; Crone, Timothy; Wereley, Steve (21 May 2010). "The Measure of an Oil Disaster". The New York Times. http://www.nytimes.com/2010/05/22/opinion/22macdonald.html. Retrieved 1 Jun. 2010.
- ^ Gillis, Justin (18 May 2010). "Giant Plumes of Oil Forming Under the Gulf". The New York Times. http://www.nytimes.com/2010/05/16/us/16oil.html. Retrieved 18 May 2010.
- ^ Bigg, Matthew (3 May 2010). "Progress toward Gulf oil well cap". Reuters. http://www.reuters.com/article/idUSTRE6424KO20100503. Retrieved 13 May 2010.
- ^ "BP vows to pay all costs of oil spill cleanup". CBC (CBC News services). 3 May 2010. http://www.cbc.ca/world/story/2010/05/03/gulf-of-mexico-oil-spill.html. Retrieved 10 May 2010.
- ^ Daily Mail special investigation article: Why is BP taking ALL the blame? http://www.dailymail.co.uk/news/article-1287226/GULF-OIL-SPILL-Whys-BP-taking-blame.html
- ^ "Salazar: Oil spill 'massive' and a potential catastrophe". CNN. 2 May 2010. http://news.blogs.cnn.com/2010/05/02/salazar-oil-spill-massive-and-a-potential-catastrophe/. Retrieved 1 May 2010.
- ^ "Guard mobilized, BP will foot bill". Politico (Capitol News Company LLC). 1 May 2010. http://www.politico.com/politico44/perm/0410/cabinetlevel_oil_spill_meet_bcb87e48-b21e-4b72-8716-3d3a87ac7ffa.html. Retrieved 1 May 2010.
- ^ White, Ronald D. (30 April 2010). "For BP, oil spill is a public relations catastrophe". Los Angeles Times. http://articles.latimes.com/2010/apr/30/business/la-fi-gulf-bp-20100501. Retrieved 1 May 2010.
- ^ "First quarter 2010 results". British Petroleum (BP p.l.c.). 27 April 2010. http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409. Retrieved 19 May 2010.
- ^ a b Brenner, Noah (17 Jun. 2010). "Hayward says spill 'never should have happened'". Upstream Online (NHST Media Group). http://www.upstreamonline.com/live/article218091.ece. Retrieved 17 Jun. 2010.
- ^ "White House: BP Will Pay $20B Into Gulf Spill Fund". NPR. 16 Jun. 2010. http://www.npr.org/templates/story/story.php?storyId=127879786.
- ^ Weisman, Jonathan; Chazan, Guy (16 Jun. 2010). "BP Halts Dividend, Agrees to $20 Billion Fund for Victims". The Wall Street Journal (Dow Jones & Company). http://online.wsj.com/article/SB10001424052748704198004575310571698602094.html. Retrieved 16 Jun. 2010.
- ^ "BP to fund $20bn Gulf of Mexico oil spill payout". BBC News. 16 Jun. 2010. http://news.bbc.co.uk/2/hi/world/us_and_canada/10335114.stm. Retrieved 16 Jun. 2010.
- ^ "STATE OF ALABAMA et al v. BP, PLC et al". ACE Insurance Litigation Watch. 28 June 2010. http://ace-insurance-litigation.com/ace-ina-litigation/case/state-alabama-et-al-v-bp-plc-et-al.
- ^ a b c d e f g "BP turns to next attempt after top kill fails". Associated Press. 14 July 2010.
- ^ Earthjustice Asks UN & International Joint Commission to Address Mining and Gas Drilling Threats To Glacier National Park[dead link]
- ^ Citizens concerned about project
- ^ The tactics of these rogue climate elements must not succeed.
- ^ Cree aboriginal group to join London climate camp protest over tar sands.
- ^ "The Story of the Sea Gem, the first rig to discover North Sea Gas in the UK sector". Dukes Wood Oil Museum. http://www.dukeswoodoilmuseum.co.uk/sea_gem.htm. Retrieved 13 June 2010.
- ^ a b c ""Gulf oil spill: BP has a long record of legal, ethical violations" 8 May 2010 by McClatchy Washington Bureau". Mcclatchydc.com. http://www.mcclatchydc.com/2010/05/08/93779/bp-has-a-long-record-of-legal.html#ixzz0nZaTzdqN. Retrieved 5 Jun. 2010.
- ^ "Baker Panel Report". http://www.bp.com/bakerpanelreport. Retrieved 5 Jun. 2010.
- ^ "U.S. Chemical Safety And Hazard Investigation Board Investigation Report on the BP Refinery Explosion and Fire of 23 March 2005 and BP's Safety Culture" (PDF). http://www.csb.gov/assets/document/CSBFinalReportBP.pdf. Retrieved 5 Jun. 2010.
- ^ Associated Press, "BP fined record $87 million for safety breaches", 31 October 2009.
- ^ Mark Collette (17 January 2008). "Attorney: Equipment failed in BP death". The Daily News. http://www.galvnews.com/story/112980/. Retrieved 11 Jun. 2010.
- ^ J. Morris and M.B. Pell (16 May 2010). "Renegade Refiner: OSHA Says BP Has "Systemic Safety Problem"". The Center for Public Integrity. http://www.publicintegrity.org/articles/entry/2085/. Retrieved 11 Jun. 2010.
- ^ Tim Webb (16 Dec. 2010). "WikiLeaks cables: BP suffered blowout on Azerbaijan gas platform". The Guardian (UK). http://www.guardian.co.uk/world/2010/dec/15/wikileaks-bp-azerbaijan-gulf-spill. Retrieved 16 Dec. 2010.
- ^ Estimates Suggest Spill Is Biggest in U.S. History
- ^ ""Bird Habitats Threatened by Oil Spill" from National Wildlife". National Wildlife Federation. 30 Apr. 2010. http://www.nwf.org/News-and-Magazines/National-Wildlife/Birds/Archives/2010/Oil-Spill-Birds.aspx. Retrieved 3 May 2010.
- ^ Gulf Oil Slick Endangering Ecology (web streaming). CBS Broadcasting. 30 Apr. 2010. http://wcco.com/video/?id=78277. Retrieved 1 May 2010.
- ^ Houston Chronicle, Four BP traders charges with price manipulation, 25 Oct 2007, accessed 28 May 2010, http://www.chron.com/disp/story.mpl/business/5245852.html
- ^ US Dept of Justice, BP to pay More than $373 million in environmental crimes, fraud cases, 25 Oct 2007 press release, http://www.justice.gov/opa/pr/2007/October/07_ag_850.html
- ^ Platts, Russian supreme court backs antitrust fines against TNK-BP, 26 May 2010, accessed 1 June 2010, Nadia Rodova, http://www.platts.com/RSSFeedDetailedNews.aspx?xmlpath=RSSFeed/HeadlineNews/Oil/8751289.xml
- ^ "The Baku Ceyhan Pipeline: BP's Time Bomb". Gnn.tv. http://www.gnn.tv/articles/1512/The_Baku_Ceyhan_Pipeline_BP_s_Time_Bomb. Retrieved 5 Jun. 2010.
- ^ Verkaik, Robert (22 Jul. 2006). "BP pays out millions to Colombian farmers". The Independent (London). http://www.independent.co.uk/news/world/americas/bp-pays-out-millions-to-colombian-farmers-408816.html. Retrieved 5 Jun. 2010.
- ^ "BP". The Center For Responsive Politics. http://www.opensecrets.org/orgs/summary.asp?ID=D000000091&Name=BP.
- ^ "BP". The Center for Responsive Politics. http://opensecrets.org/lobbyists/clientsum.asp?year=2007&txtname=BP.
- ^ Terry Macalister and Michael White (16 April 2002). "BP stops paying political parties". Guardian (London). http://www.guardian.co.uk/Archive/Article/0,4273,4365524,00.html. Retrieved 5 Jun. 2010.
- ^ Juhasz, Antonia (2 May 2010). "BP spends millions lobbying as it drills ever deeper and the environment pays". The Observer (UK). http://www.guardian.co.uk/business/2010/may/02/bp-deepwater-horizon-oil-spills. Retrieved 6 May 2010.
- Ferrier, R.W. (1982). The History of the British Petroleum Company: The Developing Years 1901–1932. vol. I. Cambridge: Cambridge University Press. ISBN 0-521-24647-4.
- Bamberg, James H (1994). The History of the British Petroleum Company: The Anglo-Iranian Years, 1928–1954. vol. II. Cambridge: Cambridge University Press. ISBN 0-521-25950-9.
- Bamberg, James H (2000). The History of the British Petroleum Company: British Petroleum and Global Oil, 1950–1975: The Challenge of Nationalism. vol. III. Cambridge: Cambridge University Press. ISBN 0-521-25951-7.
- Meyer, Karl E; Brysac, Shareen (2008). Kingmakers: The Invention of the Modern Middle East. New York: W.W. Norton. ISBN [[Special:BookSources/97803930619944|97803930619944]].
|
BP
|
|
| Divisions |
|
|
| Facilities |
|
|
| Sponsorships |
|
|
| People |
|
|
| Controversies |
|
|
| Other |
|
|
- Annual revenue
 $246.1 billion USD (2009)
- Employees 92,000 (2009)
- Stock symbol LSE: BP
- Website BP.com
|
|
|
Links to related articles
|
|
|
|
|
|
|
|
| Coal |
|
|
| Oil and gas |
| Integrated |
|
|
Exploration and
production |
|
|
| Supply |
|
|
| Support |
|
|
|
| Utilities |
Generation and
supply |
| Integrated |
|
|
| Generation |
|
|
| Supply |
|
|
|
| Distribution |
|
|
| Transmission |
|
|
|
| Other |
|
|
|
Companies with headquarters and/or registered office in the UK but no applicable energy operations within the country shown in italics 1Ultimate parent company is not UK-based 2Integrated in the United States, no generation or supply activities in the UK
|
|
|
|
|
|
|
|
Government and regulation
|
|
|
|
|
|
|
Non-governmental organisations
|
|
Charities and
pressure groups |
|
|
| Industry bodies |
|
|
| Research |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks |
|
|
Companies and
organisations |
|
|
| Data |
|
|
Exploration and
production |
|
|
| History |
|
|
| Provinces and fields |
|
|
| Other |
|
|
|
|
|
|
|
|
Companies and
organisations |
|
Owners
|
|
|
|
Major contractors
|
|
|
|
Other
|
|
|
|
|
| Events |
|
|
| People |
|
|
| Places |
|
|
| Vessels |
|
Drilling
|
|
|
|
Relief ships/rigs
|
|
|
|
| Reactions and impact |
|
Environmental
|
|
|
|
Socio-economic
|
|
|
|
| Other |
|
|
|
|
|
|
|
