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Bp Nicholas Felton
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 corporation, multinational petroleum, oil and natural gas, gas company headquartered in London, England. It is one of the oil and gas "big Oil, supermajors" and one of the List of largest companies by revenue, world's largest companies measured by revenues and profits. It is a Vertical integration, vertically integrated company operating in all areas of the oil and gas industry, including Hydrocarbon exploration, exploration and Extraction of petroleum, extraction, refining, Midstream, distribution and marketing, power generation, and Trade, trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil, Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. BP acquired majority contr ...
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St James's Square
St James's Square is the only square in the St James's district of the City of Westminster and is a garden square. It has predominantly Georgian architecture, Georgian and Neo-Georgian architecture. For its first two hundred or so years it was one of the three or four most fashionable residential streets in London. It now has headquarters of a number of well-known businesses, including BP and Rio Tinto Group; four Gentlemen's club, private members' clubs, the East India Club, the Naval and Military Club, the Canning Club, and the Army and Navy Club; the High Commission of Cyprus, London, High Commission of Cyprus; the London Library; and global think tank and peace-promoter Chatham House. A main feature is a high, stone-plinthed Equestrian statue of William III, London, equestrian statue of William III erected in 1808. History In 1662 Charles II of England, Charles II extended a lease over the 45 acres of Pall Mall (St James's) Field held by Henry Jermyn, 1st Earl of St Albans ...
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Murray Auchincloss
Murray Michael Auchincloss (born c. 1971) is a Canadian business executive and the chief executive officer of BP. He was its interim CEO from September 2023 to January 2024. Auchincloss earned BCom degree in finance from the University of Calgary. Auchincloss qualified as a chartered financial analyst in the United States. From July 2020 to September 2023, he was the chief financial officer (CFO) of BP. He is a director of Aker BP ASA, a main committee member of The 100 Group, and a member of the European Round Table for CFOs. In September 2023, he was appointed interim CEO of BP, following the sudden resignation of Bernard Looney due to failing to reveal relationships with colleagues. Auchincloss was also reported by ''The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its s ...
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Big Oil
Big Oil is a name sometimes used to describe the world's six or seven largest List of corporations by market capitalization#Publicly traded companies, publicly traded and investor-owned list of oil companies, oil and gas companies, also known as supermajors. The term, particularly in the United States, emphasizes their economic power and influence on politics. Big Oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner. Sources conflict on the exact makeup of Big Oil today, though the companies which are most frequently mentioned as supermajors are ExxonMobil, Shell plc, Shell, TotalEnergies, BP, Chevron Corporation, Chevron and Eni, with ConocoPhillips frequently being included as well prior to spinning off its downstream operations into Phillips 66. The phrase "Super-Major" emanated from a report published by Douglas Terreson of Morgan Stanley in February 1998. The report foretold a substantial ...
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Natural Gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium. Methane is a colorless and odorless gas, and, after carbon dioxide, is the second-greatest greenhouse gas that contributes to global climate change. Because natural gas is odorless, a commercial odorizer, such as Methanethiol (mercaptan brand), that smells of hydrogen sulfide (rotten eggs) is added to the gas for the ready detection of gas leaks. Natural gas is a fossil fuel that is formed when layers of organic matter (primarily marine microorganisms) are thermally decomposed under oxygen-free conditions, subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other ...
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Petroleum
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refining, refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric life, prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by oil drilling, drilling, which is done after a study of the relevant structural geology, sedimentary basin analysis, analysis of the sedimentary basin, and reservoir characterization, characterization of the petroleum reservoir. There are also unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil sh ...
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Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ...
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Travel Centers Of America
TravelCenters of America LLC is the largest publicly traded full-service truck stop and travel center company in the United States. The company operates full service centers, convenience stores, and restaurants under the TravelCenters of America brands TA, Petro Stopping Centers, TA Express, and GOASIS. TravelCenters of America is headquartered in Westlake, Ohio, operates in 44 U.S. states, and employs nearly 20,000 people, as of 2021. In May 2023, BP acquired the company. Description and corporate affairs TravelCenters of America (TA) is an operator of truck stops and travel centers in the United States, with approximately 270 full-service locations along the Interstate Highway System in 44 U.S. states and in Canada, plus standalone restaurants in more than 10 states, as of 2018.''Convenience Store News'': * * The publicly traded limited liability company is headquartered in Westlake, Ohio and employs nearly 20,000 people. Divisions of TA include TA Restaurant Group and ...
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Jio-bp
Reliance BP Mobility Limited ( d/b/a Jio-bp), is an Indian oil and gas company, owned by Mukesh Ambani of Reliance Industries Limited (RIL). It is based in Navi Mumbai, Maharashtra, India. It is  vertically integrated and is involved in hydrocarbon exploration, production, refining and also has interests in the downstream business and operates over 1700 Retail Fuel Outlets in India. It also operates the largest oil refinery in the world, situated in Jamnagar. It owns/have long term chartered two oil rigs – DD KG-1 and DD KG-2 (DD standing for Dhirubhai Deepwater). They are both drilling ships registered in Marshall Islands and owned by Deepwater Pacific Inc., a subsidiary of Transocean. Jamnagar Refinery With an annual crude processing capacity of per stream day, RPL is the largest refinery in the world. It will have a complexity of 21.0, using the Nelson Complexity Index, ranking it one of the highest in the sector. The polypropylene plant will have a capacity ...
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Aral AG
Aral AG (previously ''Veba Öl AG'') is a German oil company established in 1898 as ''Westdeutsche Benzol-Verkaufs-Vereinigung GmbH'' (West German Benzene Marketing Corporation). The company is currently owned by British conglomerate BP after it was purchased in 2002. The ''Aral'' brand of petrol stations has presence in Germany and Luxembourg, but formerly used to be in most countries of Western and Central Europe. History The ''Aral'' brand was introduced in 1924 and is a portmanteau of the German words "''Aromaten''" and "''Aliphaten''", alluding to the aromatic and aliphatic components found in gasoline, respectively. With around 2,400 petrol stations operating, Aral is the market leader in Germany. On 15 July 2001 Deutsche BP AG agreed to acquire 51% of Veba Öl AG. The acquisition was completed on 1 February 2002. The ''Aral'' brand name was retained, and 650 BP stations in Germany were rebranded "Aral". Six BP branded filling stations remained in operation in Germa ...
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Barrel Of Oil Equivalent
The barrel of oil equivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel (, or about ) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure, although this energy equivalence does not take into account the lower financial value of energy in the form of gas. The U.S. Energy Information Administration defines the barrel of oil equivalent as about . The value is necessarily approximate as various grades of oil and gas have slightly different heating values. If one considers the lower heating value instead of the higher heating value, the value for one BOE would be approximately 5.4 GJ (see tonne of oil equivalent). Typically is equivalent to one BOE. The United States Geological Survey The United States Geological Survey (USGS), founded as the Geological Survey, is an agency of the U.S. Department of the Inte ...
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Aviation Fuel
Aviation fuels are either petroleum-based or blends of petroleum and synthetic fuels, used to power aircraft. They have more stringent requirements than fuels used for ground applications, such as heating and road transport, and they contain additives to enhance or preserve properties important to fuel performance and handling. They are kerosene-based fuels (such as JP-8 and Jet A-1) used in gas-turbine-powered aircraft. Piston-engined aircraft use leaded gasoline, while those with diesel engines may use jet fuel (kerosene). By 2012, all U.S. Air Force aircraft had been certified to use a 50-50 blend of kerosene and synthetic fuel derived from coal or natural gas, in an effort to stabilize fuel costs. Types of aviation fuel Conventional aviation fuels Jet fuel Jet fuel is a clear to straw-colored fuel, based on either an unleaded kerosene (Jet A-1), or a naphtha–kerosene blend (Jet B). Similar to diesel fuel, it can be used in either Diesel engine, compression ignition ...
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Motor Fuel
A motor fuel is a fuel that is used to provide power to the engine of motor vehicles — typically a heat engine that produces thermal energy via oxidative combustion of liquid or gaseous fuel and then converts the heat into mechanical energy through reciprocating pistons or gas turbines. Currently, the majority of motor vehicles worldwide are propelled by internal combustion engines powered by petroleum-based fossil fuels such as gasoline, diesel or autogas. Other fuel types include ethanol, biodiesel, biogasoline, propane, compressed natural gas (CNG) and hydrogen (either using fuel cells or hydrogen combustion). There are also cars that use a hybrid drivetrain of different power sources. The use of synthetic alternative fuels (especially renewable biofuels) is increasing, especially in Europe, as well as increasing mass adoption of battery electric vehicles (which are powered by battery- stored electricity instead of fuels). Before deciding on a particular fuel ty ...
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