what companies are owned by bp

[104], On 20 April 2010, the Deepwater Horizon oil spill, a major industrial accident, happened. [158], Since 1951, BP has annually published its Statistical Review of World Energy, which is considered an energy industry benchmark. [253][254] These mills produce around 800,000 cubic metres per annum (5,000,000 bbl/a) of ethanol equivalent. A deadly explosion. In addition to its involvement in oil and gas, BP engages in producing renewable energy through the wind farms that it owns.. [160] Its North Sea operations are headquartered in Aberdeen, Scotland. The investigation relates to trading activity that occurred in October and November 2008. OSHA found "organizational and safety deficiencies at all levels of the BP Corporation" and said management failures could be traced from Texas to London. [316], In September 1999, one of BP's US subsidiaries, BP Exploration Alaska (BPXA), pleaded guilty to criminal charges stemming from its illegally dumping of hazardous wastes on the Alaska North Slope, paying fines and penalties totaling $22 million. [153], On 27 August 2019 BP announces the agreement to sell all its Alaska operations and interests to Hilcorp Energy for $5.6 billion. A franchisor sells the right to use its brand and expertise to one who will open another branch of the business to sell the same products or services. BP paid a $125 million civil monetary penalty to the CFTC, established a compliance and ethics program, and installed a monitor to oversee BP's trading activities in the commodities markets. Under the consent decree, BPXA paid a $25 million civil penalty, the largest per-barrel penalty at that time for an oil spill, and agreed to take measures to significantly improve inspection and maintenance of its pipeline infrastructure on the North Slope to reduce the threat of additional oil spills. [25][26][27][28], After World War I, APOC started marketing its products in Continental Europe and acquired stakes in the local marketing companies in several European countries. [56] The ship was owned by the Bahamas-based Barracuda Tanker Corporation and was flying the flag of Liberia, a well-known flag of convenience, but was being chartered by British Petroleum. [184] The sale of BP's stake in Trans-Alaska Pipeline System to Hilcorp Energy is waiting approval by the Regulatory Commission of Alaska. Thirty violations remained under discussion. The safety manuals read: "Avoid breathing vapor" and "Wear suitable protective clothing. Refineries were built in Llandarcy in Wales (the first refinery in the United Kingdom) and Grangemouth in Scotland. Much of our business is done under the look and feel of our main brand. "[288] Some in the media commended BP for some of its social media efforts, such as the use of Twitter and Facebook as well as a section of the company's website where it communicated its efforts to clean up the spill. [177] BP America Production Company, a New Mexico-based subsidiary, engages in oil and gas exploration and development. It had interests in 14 plants in Asia, Europe and the U.S., and achieved production of 9.7[[]]million metric tons in 2019. [247][248][249], BP operates nine wind farms in seven states of the U.S., and held an interest in another in Hawaii with a net generating capacity of 1,679 MW. [11][12], The 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters in history, resulted in severe environmental, health and economic consequences,[13] and serious legal and public relations repercussions for BP. [85] From bp. The company was a manufacturer and installer of photovoltaic solar cells. [327], In Canada, BP is involved in the extraction of oil sands, also known as tar sands or bituminous sands. Penalties were also issued for five serious violations, including failure to develop operating procedures for a unit that removes sulfur compound; failure to ensure that operating procedures reflect current operating practice in the Isocracker Unit; failure to resolve process hazard analysis recommendations; failure to resolve process safety management compliance audit items in a timely manner; and failure to periodically inspect pressure piping systems. In 1997, it acquired 10% stake in Russian oil company Sidanco, which later became a part of TNK-BP. Under the settlement, BP agreed to plead guilty to 11 felony counts of manslaughter, two misdemeanors, and a felony count of lying to Congress and agreed to four years of government monitoring of its safety practices and ethics. [61][62], The intensified power struggle between oil companies and host governments in Middle East, along with the oil price shocks that followed the 1973 oil crisis meant British Petroleum lost most of its direct access to crude oil supplies produced in countries that belonged to the Organization of Petroleum Exporting Countries (OPEC), and prompted it to diversify its operations beyond the heavily Middle East dependent oil production. [164] BP is the operator of the Clair oilfield, which has been appraised as the largest hydrocarbon resource in the UK. [81], In 1992, the company entered into Azerbaijani market. [130] In 2012, BP shut down the BP Biofuels Highlands project which was developed since 2008 to make cellulosic ethanol from emerging energy crops like switchgrass and from biomass. The BP's investment in the Sunrise Project is £1.6 billion and it is expected to start production in 2014. It has operations in over 50 countries worldwide. Our fleet consists of a range of BP Shipping operated vessels. BP. [452], In May 2013, the European Commission started an investigation into allegations the companies reported distorted prices to the price reporting agency Platts, in order to "manipulate the published prices" for several oil and biofuel products. In 1956, the company was renamed British Hydrocarbon Chemicals. GBp The retail stores provide convenience items and food through Aral's food store, Petit Bistro. According to Shaw, BP's own safety sheet on Corexit says that there are "high and immediate human health hazards". In 1952, IPC offered financial support to raise an armed force that would assist the Sultan in occupying the interior region of Oman, an area that geologists believed to be rich in oil. [317], In 2000, BP Amoco acquired ARCO, a Los Angeles-based oil group. [217], BP's refining operations in continental Europe include Europe's second-largest oil refinery, located in Rotterdam, the Netherlands, which can process up to 377,000 barrels (59,900 m3) of crude oil per day. [382] As the West Azeri Platform was being powered by a cable from the Central Azeri Platform, it was also shut down. [5][6] It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, power generation and trading. [52] In 1962, Scottish Oils ceased oil-shale operations. [206], BP operates in Iraq as part of the joint venture Rumaila Operating Organization in the Rumaila oil field, the world's fourth largest oilfield, where it produced over 1 million barrels per day (160×10^3 m3/d) of oil equivalent in 2011. [125] In September 2012, BP sold its subsidiary BP Chemicals (Malaysia) Sdn. bp. The email laid out that pricing was to be raised at certain sites in a region around Otaki in order to regain volume lost at that branch. [385][386] According to leaked US Embassy cables, BP had been "exceptionally circumspect in disseminating information" and showed that BP thought the cause for the blowout was a bad cement job. [82], Under John Browne, British Petroleum acquired other oil companies, transforming BP into the third largest oil company in the world. [8][9] In 1959, the company expanded beyond the Middle East to Alaska and it was one of the first companies to strike oil in the North Sea. [296], Investigative journalism by BBC Panorama and Africa Eye aired in June 2019 criticizing BP for the way in which it had obtained the development rights of Cayar Offshore Profond and St. Louis Offshore Profond blocks, off the coast of Senegal in 2017. February 2013. company with the world's 12th-largest revenue (turnover). Inspections revealed other shoddy work. [400][401][402] Toxicological effects have been documented in benthic and pelagic fish, estuarine communities, mammals, birds and turtles, deep-water corals, plankton, foraminifera, and microbial communities. [282] According to Democracy Now, BP's marketing campaign amounted to a deceptive greenwashing public-relations spin campaign given that BP's 2008 budget included more than $20 billion for fossil fuel investment and less than $1.5 billion for all alternative forms of energy. [267][268] The company's shares are primarily traded on the London Stock Exchange, but also listed on the Frankfurt Stock Exchange in Germany. J.P. Morgan Securities offers a full range of investment banking services … They are too busy trying to not lose profits and "save" their oil instead of saving our oceans. [10] According to the Alaska Department of Environmental Conservation (ADEC), a total of 212,252 US gallons (5,053.6 bbl; 803.46 m3) of oil was spilled, covering 2 acres (0.81 ha) of the North Slope. William Knox D'Arcy, by contract with Ali-Qoli Khan Bakhtiari, obtained permission to explore for oil for the first time in the Middle East,[19] an event which changed the history of the entire region. The plant had a history of chemical releases. William Knox D'Arcy, by contract with Ali-Qoli Khan Bakhtiari, obtained permission to explore for oil for the first time in the Middle East, an event which changed the history of the entire region. [347] The company pleaded guilty to a felony violation of the Clean Air Act, was fined $50 million, the largest ever assessed under the Clean Air Act, and sentenced to three years probation. in Iran: Britain Fights Oil Nationalism", "Oil spills: Legacy of the Torrey Canyon", "The shareholders of ADPC info from ExxonMobil history", "Company Overview of Abu Dhabi Petroleum Co Ltd", "COMPANY NEWS; B.P. disaster, BP: A Textbook Example Of How Not To Handle PR, Good Content Strategy or Public Relations, "WATCH: A History of BP's Ads Since The Gulf Spill", "BP's advertising budget during the spill neared $100 million – Sep. 1, 2010", Meet the PR Guru Who Wants to Help Corporations Write Wikipedia, "Big Oil's Wikipedia cleanup: A brand management experiment out of control", "Senegal justice ministry calls for inquiry into energy contracts", "BP backs global discrimination research", "Exxon adds discrimination protections in U.S. for LGBT workers", "In energy sector, coming out 'can put you at risk, "BP boosts benefits, includes gender reassignment surgery", "Houston oil executives join Dallas business leaders in denouncing Texas 'bathroom bill, "All eyes on Exxon and Chevron after BP pledges to go carbon neutral", "BP Wants to Become Carbon Neutral by 2050, but Doesn't Say How", "BP quits US lobby groups over climate change differences", "BP Quits Three Oil Lobby Groups on Differing Climate Policyl", BP’s Energy Outlook Foresees Big Shift For Oil Demand, "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic", "Carbon-fee opponents raise record $25.8M to defeat I-1631", "BP Exploration [Alaska] Pleads Guilty To Hazardous Substance Crime Will Pay $22 Million, Establish Nationwide Environmental Management System", "AQMD Seeks $319 Million Fine from BP for Air Pollution Violations", "AQMD Files $183 Million Lawsuit Against BP for Air Pollution Violations", "AQMD and BP Settle Refinery Emission Violations", "Texas Refinery Neighbors Sue BP for Billions", "Fuel Fix » BP sued for gas release at its former Texas City plant", "BP pays out millions to Colombian farmers – Americas – World", "BP pays out millions to Colombian farmers", "BP faces damages claim over pipeline through Colombian farmland", "BP and Oil Sands: Frequently Asked Questions", "FACTBOX-Money flows again in Canada's oil sands industry", "Reclaimed Dump Sparks Oil Sands Sustainability Debate", "Cree aboriginal group to join London climate camp protest over tar sands", "UK secretly helping Canada push its oil sands project | Environment", "BP Defeats Oil Sands Critics, But Controversy Won't Die – The Source – WSJ", "2006 – 04/25/2006 – OSHA Fines BP $2.4 Million for Safety and Health Violations", "BP fined $2.4M for refinery safety problems", "Refiners to pay $422 million settlement on MTBE", "Oil companies settle MTBE lawsuits – US news – Environment", "Renegade Refiner: OSHA Says BP Has "Systemic Safety Problem, "Reports at BP over years find history of problems", "BP chief Tony Hayward fights to limit the damage after Gulf of Mexico rig disaster – Telegraph", "The Story of the Sea Gem, the first rig to discover North Sea Gas in the UK sector", "BP Sells Texas Refinery to Marathon for $598 Million", "In BP's Record, a History of Boldness and Costly Blunders", "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", "#07-850: 10-25-07 British Petroleum to Pay More Than $370 Million in Environmental Crimes, Fraud Cases", "BP pays $13 mln to settle Texas refinery safety probe", "BP fined $50 million for violating Texas Clean Air Act", "BP to pay $50 million to settle state blast claims", "Jury Awards BP Workers $100 Million in Toxic Substance Case", "BP wins $99 million reduction in Texas City fumes case", "BP Texas Refinery Had Huge Toxic Release Just Before Gulf Blowout", "Attorney General Abbott Charges BP With Additional Violations at Texas City Refinery", "More than 50,000 Texas City residents sue BP", "Jury finds BP negligent in Texas emissions event", "GC-2 Oil Transit Line Release Situation Report", "BP set to plead in Prudhoe Bay pipeline case", "BP admits budget a factor in Alaska spill", "BP accused of 'draconian' cost cuts prior to Alaskan pipeline spill", "Can BP bounce back?

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