BP Company Description
BP is also BO (Big Oil). It is the world's third-largest integrated oil concern, behind Exxon Mobil and Royal Dutch Shell. BP explores for oil and gas in 29 countries and has proved reserves of 18.2 billion barrels of oil equivalent. BP is the largest oil and gas producer in the US and also a top refiner, processing more than 3.8 million barrels of crude oil per day. BP markets its products in more than 100 countries and operates more than 24,000 gas stations worldwide. To further project its image as an environmentally sensitive enterprise, BP has created an Alternative Energy unit with an initial investment of $1.8 billion to develop green energy sources.
View the Comprehensive Company Description for BP
The Company Description provides a historical perspective of BP's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of BP's evolution in the marketplace.
