BP plc (NYSE: BP)
Oil & Gas Integrated · London, United Kingdom · Founded 1909
- Market capitalization: $90.0 billion
- Annual revenue: $210.0 billion
- Net income: $15.0 billion
- Employees: 87,800
- Sector: Energy
- Headquarters: London, United Kingdom
- Founded: 1909
Source: Statvoo company profile for BP plc. Browse all 500+ companies
BP is a British oil and gas major operating across upstream production, refining, trading, and renewable energy. The company was once "British Petroleum" but rebranded to "Beyond Petroleum" in 2000 u2014 a slogan that aged poorly after the Deepwater Horizon disaster. BP operates in 65+ countries and has been attempting to balance fossil fuel production with renewable energy investments, though the strategy has shifted back toward oil and gas.
Upstream oil and gas production, refining and marketing (BP-branded gas stations), trading, and a growing but scaled-back renewables portfolio. BP's trading division is one of the most profitable in the industry. The company has been selling non-core assets and buying back shares aggressively. Annual revenue exceeds $200 billion, though profits swing wildly with oil prices.
Founded in 1909 as the Anglo-Persian Oil Company. BP merged with Amoco in 1998 and acquired ARCO in 2000. The Deepwater Horizon oil spill in April 2010 killed 11 workers and released 4.9 million barrels of oil into the Gulf of Mexico u2014 the largest marine oil spill in history. BP paid over $65 billion in cleanup costs, fines, and settlements. CEO Murray Auchincloss took over in 2024.
| Market Capitalization | $90.0B |
| Annual Revenue | $210.0B |
| Net Income | $15.0B |
| Profit Margin | 7% |
| Revenue per Employee | $2391800K |
| Stock Exchange | NYSE |
| Ticker Symbol | BP |
Financial data is approximate and based on most recent annual filings.
The Deepwater Horizon spill was so catastrophic that BP's market cap dropped by $100 billion in weeks. BP's "Beyond Petroleum" rebranding in 2000 was widely mocked after the spill. The company was originally founded to exploit oil discovered in Persia (modern Iran). BP's former CEO Tony Hayward said "I'd like my life back" during the spill crisis u2014 one of the worst PR statements in corporate history.
BP is the cheapest of the oil majors for a reason u2014 the Deepwater Horizon legacy, strategic flip-flopping on renewables, and weaker upstream portfolio make it the least compelling of the supermajors.
What is BP plc's revenue?
BP plc generates approximately $210.0 billion in annual revenue.
How many employees does BP plc have?
BP plc employs approximately 87,800 people worldwide.
What is BP plc's market cap?
BP plc (BP) has a market capitalization of approximately $90.0 billion on the NYSE.
When was BP plc founded?
BP plc was founded in 1909 and is headquartered in London, United Kingdom.
Who is the CEO of BP plc?
Murray Auchincloss is the current CEO of BP plc.
What is BP plc's website?
BP plc's official website is bp.com.