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BP p.l.c.

BP, One of the Oil Giants

 

Presentation of the Company


 

BP (NYSE: BP) is a British oil exploration, extraction, refining and sales company. After its merger with Amoco, Atlantic Richfield and Burmah Castrol, it became the largest company in the UK and the third largest oil company in the world. The company is also known for some of its scandalous industrial accidents, the biggest being the one in the Gulf of Mexico in 2010. Since 2020, BP has announced its ambition to become a Carbon Neutral company by 2050 or earlier.

Internationally, BP is present in more than 100 countries and employs about 68,000 people in 2020 Wikipedia

BP's main competitors are Shell, ExxonMobil, and Chevron.

Source : macrotrends.com

Source : statista.com

 

History of BP

 

In 1908, following the discovery of oil on a Persian concession by William Knox D'arcy, BP (NYSE: BP) was created under the name Anglo-Persian Oil Company. The company then developed gradually until the First World War, when its strategic importance led the United Kingdom to become the majority shareholder.

After various reversals of fortune, the company was renamed British Petroleum Company, or BP, in 1955. In 2001, it merged with Amoco (formerly Standard Oil of Indiana) and became BPAmoco. In 2002, BPAmoco was renamed BP for no real reason.

In 2010, the BP-operated Deepwater Horizon oil rig explodes, resulting in one of the largest oil-related environmental disasters in history. In 2020, BP announces the elimination of 10,000 jobs following the crisis related to covid-19. That same year, the company announced that it would devote more than a quarter of its investments to renewable energies, which is immense compared to other companies in this field.

Both under the guise of eco-responsibility and to improve its image, the company has been investing in solar energy for several years.

 

Source : macrotrends.com

Source : netmarketshare.com

 

The Market

 

BP (NYSE: BP) operates in the oil market. Between producers, intermediaries and final consumers, there is a market of international transactions and exchanges, both in crude oil and in finished products. In general, oil companies establish long-term purchase agreements with producing countries and/or companies. Nevertheless, a large part of the oil produced is sold on the open market, and according to the supply and demand of the moment. The demand on this market can be considered as inexhaustible as oil is essential to modern life.

The prices on this market vary, logically, according to the quality, but also according to many other factors (daily production in surplus or in deficit, political crisis in any country, bad weather, terrorism, war, etc.) which make them very unstable.

It is an indispensable market in today's world, but one that is tending to be replaced by more environmentally friendly alternatives, global warming being one of the world's main concerns.

 

Source : statista.com

Source : statista.com

 

Key Figures and Financial Ratios

 

Market capitalization   : $100.76 billion1[2022]

Revenue: $164.195 billion2[2021]

Net income: $7.565 billion 3[2021]

Dividends paid: Every 3 months for over 20 years 4

Earnings per share: $2.24 5[2021]

Price to earnings ratio: 6.65 6[2022]

Debt to capital ratio: 0.617[2022]

 

Source : macrotrends.com

Source : macrotrends.com

Graniteshares Offering Products

BP

Sources

1  Market-cap
2  Revenue
3  Net-income
4  Dividend-yield-history
5  Eps-earnings-per-share-diluted
6  Pe-ratio
7  Debt-equity-ratio

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