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BP plc sometimes referred to by itsformer name British Petroleum is aBritish multinational oil and gascompany headquartered in London Englandit is the sixth largest energy companyby market capitalisation the fifthlargest company in the world measured by2012 revenues and the sixth largest oiland gas company measured by 2012production it is one of the six oil andgas supermajors BP is verticallyintegrated and operates in all areas ofthe oil and gas industry includingexploration and production refiningdistribution and marketingpetrochemicals power generation andtrading it also has renewable energyactivities in biofuels and wind power asof December 2013 BP had operations inapproximately 80 countries producedaround 3.2 million barrels per day510,000 m 3 /d of oil equivalent hadtotal proved reserves of 17 point ninebillion barrels 2.85 x 109 m three ofoil equivalent and had around seventeenthousand eight hundred service stationsits largest division is BP america whichis the second largest producer of oiland gas in the United States BP owns a19-point 75 percent stake in the Russianoil major Ross sniffed the world'slargest publicly traded oil and gascompany by hydrocarbon reserves andproduction BP has a primary listing onthe London Stock Exchange and is aconstituent of the FTSE 100 index it hada market capitalization of PSAT 5.2billion as of april 2013 the fourthlargest of any company listed on theexchange it has secondary listings onthe Frankfurt Stock Exchange and the NewYork Stock Exchange bp's origins dateback to the founding of theanglo-persian oil company in 1909established as a subsidiary of burma oilcompany to exploit oil discoveries iniran in 1935 it became the anglo-iranianoil company and in 1954 BritishPetroleum in 19159 the company expanded beyond the MiddleEast to Alaska and in 1965 it was thefirst company to strike oil in the NorthSea British Petroleum acquired majoritycontrol of Standard Oil of Ohio in 1978formally majority state-owned theBritish government privatized thecompany in stages between nineteenseventy-nine and 1987 British Petroleummerged with emiko in 1998 becoming BPamoco plc and acquired Arco and Burmacastrol in 2000 becoming BP plc in 2001from 2003 to 2013 BP was a partner inthe tnk-bp joint venture in Russia BPhas been directly involved in severalmajor environmental and safety incidentsamong them were the 2005 texas cityrefinery explosion which caused thedeath of 15 workers and resulted in arecord-setting oh Sh a fine britain'slargest oil spill the wreck of turaycanyon and the 2006 Prudhoe Bay oilspill the largest oil spill on Alaska'sNorth Slope which resulted in a 25million u.s. dollars civil penalty thelargest per barrel penalty at the timefor an oil spill the 2010 DeepwaterHorizon oil spill the largest accidentalrelease of oil into marine waters inhistory resulted in severe environmentalhealth and economic consequences andserious legal and public relationsrepercussions for BP 1.8 million gallonsof Corexit oil dispersant...
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