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BP: Oil & Gas Company

November 23, 2015

BP Plc is headquartered in London, the United Kingdom and was founded on April 14, 1908, by William Knox d’Arcy. It is an integrated oil and gas company that offers customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemical products used to make everyday items as diverse as paints, cloths and packaging.

BP operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment markets and trades natural gas, including liquified natural gas,  power and natural gas liquids and is responsible for its activities in oil and natural gas exploration, field development and production, midstream transportation, storage and processing.

The Downstream segment is responsible for the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers.

The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirate, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia, and has an interest in 4 refineries in Germany.

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