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BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. [ 3]
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The collapse in world oil prices globally, combined with the possession of Britoil’s majority share by BP meant that the golden share was sold to British Petroleum [6] in 1988. [ 7 ] Britoil’s Production entitlement and financial summary was as follows: [ 4 ] [ 8 ]
The group pledged to invest up to £18nn into UK energy by 2030 amid mounting pressure to help with the cost-of-living crisis. BP counts cost of Rosneft exit, but oil prices send underlying ...
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with increased spending ...
There are six major and one minor petroleum refinery in the downstream sector of the UK oil industry. [ 2] Phillips 66, Humber Refinery, South Killingholme, 11.5 million tonnes per year [ 3] Prax, Lindsey Oil Refinery, North Killingholme, 11.0 million tonnes per year [ 4] [ 5] Petroineos, Grangemouth refinery, 10.0 million tonnes per year [ 6]
On 20 April 2010, an explosion occurred on the Deepwater Horizon oil rig, operated by BP. Eleven people were killed in the blast and oil began to leak from the ocean floor at a rate variously estimated to be between 5,000 barrels (790 m 3) and 100,000 barrels (16,000 m 3) per day. Hayward, and BP in general, initially downplayed the spill ...
Grangemouth Refinery is an oil refinery complex located on the Firth of Forth in Grangemouth, Scotland, currently operated by Petroineos. It is the only operating crude oil refinery in Scotland and currently one of the six remaining refineries in the UK. [ 1] Grangemouth is the oldest refinery in the UK and supplies 65% of Scotland's oil ...