:''This article is about the corporation known as BP. See also BP (disambiguation)'' BP (formerly "British Petroleum" and briefly known as "BP Amoco") is a petroleum company headquartered in London, and one of the top four oil companies in the world (along with Royal Dutch/Shell, ExxonMobil, and Total S.A.). In December 1998, BP merged with the American oil company Amoco, forming "BP Amoco". However, this move was widely viewed as a purchase of Amoco by BP, only officially described as a merger for legal reasons. Indeed, after a single year of joint operations, the two giants merged most operations and "Amoco" was dropped from the name. The newly-renamed "BP" became an initialism no longer standing for "British Petroleum", and used the tagline "Beyond Petroleum." Its BP Solar division has become a world-leading producer of solar panels. BP is the leading partner in the controversial Baku-Tbilisi-Ceyhan pipeline. == History == === 1909 - 1955 === In May 1901, William Knox D'Arcy was granted a concession by the Shah of Iran to search for oil, which he found in May 1908. This was the first commercially significant find in the Middle East. In 1909, the Anglo-Persian Oil Company was created to exploit this find. The company grew slowly until World War I when its strategic importance led the British Government to acquire a controlling interest in the company and it became the Royal Navy's chief source of fuel oil during World War I. In 1917, the war allowed it to take the British arm of the German Europaische Union, which used the trade name ''British Petroleum''. After the war ended the company, in which the British Government now had a 51% interest, moved to secure outlets in Europe and elsewhere. but its main concern was still Persia, following the Anglo-Persian Agreement of 1919 the company continued to trade profitably in that country. There was growing dissent within Persia however at the imperialist and unfair position that APOC occupied. In 1932, the Shah terminated the APOC concession. The concession was resettled within a year, covering a reduced area with an increase in the Persian government's share of profits. Persia was renamed Iran in 1936 and APOC became AIOC, the Anglo-Iranian Oil Company. Following the turmoil of World War II, AIOC and the Iranian government resisted nationalist pressure to come to a renewed deal in 1949. In March 1951, the pro-western Prime Minister Ali Razmara was assassinated and in April, a bill was passed nationalising the oil industry and the AIOC and the Shah were forced to leave the country. The AIOC took its case against the nationalisation to the International Court of Justice at The Hague, but lost the case. However the governments of Britain and the US were concerned about the encroachment of Soviet influence in the area and assissted in a plot against the Iranian administration. They installed pro-Western General Fazlollah Zahedi as prime minister of Iran. On August 19, 1953, the incumbent Prime Minister, Mohammed Mossadeq, was forced from office and replaced by Zahedi and the Shah was recalled. The AIOC became The British Petroleum Company in 1954, and briefly resumed operations in Iran with a forty percent share in an new international consortium. BP continued to operate in Iran until the History of Iran#Islamic Revolution. However, due to a large investment program outside Iran, the company survived the loss of its Iranian interests at that time. === 1960s and 1970s === From the late 1960s the company looked beyond the Middle East to the USA (Prudhoe Bay, Alaska) and the North Sea. Both of these fields came on stream in the mid-1970s transforming the company and allowing BP to weather the OPEC-induced oil price shocks of 1973 and 1979. In 1969, BP acquired the Valdez oil terminal, Alaska, from the Chugach for United States dollar1. Some natives contend that this was an illegal transfer. In the mid-1970s, BP acquired Standard Oil of Ohio or Sohio. === 1980s and 1990s === P.I. Walters (later Sir Peter Walters) was BP's chairman from 1981 to 1990. Walters promoted a movement to deintegrate company operations based solely upon economic considerations: "For me, there is no strategy that is divorced from profit," he once remarked. Under his chairmanship British Petroleum led the oil industry away from an era dominated by vertical integration and the supply planning this required toward a corporate culture that emphasized trading and decentralization (Daniel Yergin, ''The Prize: The Epic Quest for Oil, Money, and Power'' [Simon & Schuster, 1991], pp. 722-23). In 1987, British Petroleum acquired Britoil and those shares of Standard Oil of Ohio not already owned. In 1994, BP and Petroleos de Venezuela SA (PDVSA) began marketing Orimulsion®, a bitumen-based fuel. John Browne, Lord Browne of Madingley, who had been on the board as managing director since 1991, was appointed group chief executive in 1995. ==Present== British Petroleum merged with Amoco (Formerly Standard Oil of Indiana), in December 1998, becoming BPAmoco until 2002, when it was renamed BP, with no meaning given to the letters. Most Amoco gas stations in the United States are in the process of changing the look and name to BP. However in some states, BP is selling Amoco-branded gasoline (while the name of the station itself is BP). In 2000, British Petroleum also acquired ARCO and Burmah Castrol plc. On March 23, 2005, an explosion occurred at a petroleum refinery in Texas City, Texas, Texas, that belonged to BP. It is the third largest refinery in the United States and one of the largest in the world, processing 433,000 barrels of crude oil per day and accounting for 3% of that nation's gasoline supply. Over 100 were injured, and 15 were confirmed dead, including employees of the Fluor Corporation as well as BP. BP has since accepted that its employees contributed to the accident by leaving octane for petrol unit unsupervised. The pressure in the units then reached unsustainable levels lending to the explosion. [http://news.bbc.co.uk/2/hi/business/4557201.stm] BP America, the United States arm of BP, was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. === Image=== [[Image:Bp-solarmodul.JPG|thumb|250px|Solar panel made by BP Solar]] In 2002 the company was renamed BP, with no meaning given to the letters. Its new slogan, "Beyond Petroleum", was accompanied by the rebranding of its famous "Green Shield" logo in favor of the helios symbol (a green and yellow sunburst) to emphasize the company's focus on environmentally friendly fuels and alternative energy. This is intended to move BP away from the negative environmental image of most oil companies. BP is a leading producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. It has over 30 years experience operating in over 160 countries with manufacturing facilities in the U.S., Spain, India and Australia and has more than 2000 employees worldwide. In March 2002 BP's chief executive, Lord Browne, declared in a speech that global warming was real and that urgent action was needed, saying that "Companies composed of highly skilled and trained people can't live in denial of mounting evidence gathered by hundreds of the most reputable scientists in the world.".[http://www.mindfully.org/Industry/BP-How-Green8dec02.htm] In 2005 BP was considering testing carbon sequestration in one of its North Sea oil fields, by pumping carbon dioxide into them (and thereby also increasing yields).[http://observer.guardian.co.uk/uk_news/story/0,6903,1469010,00.html] In 2004, BP began marketing low-sulphur diesel fuel for industrial use. BP is committed to creating a network of hydrogen fuelling station in the state of California. However, BP's image has been tarnished somewhat by its involvement with the controversial Baku-Tbilisi-Ceyhan pipeline, criticised for human rights abuses, environmental and safety concerns. == External links == *[http://www.bp.com/ BP Company Web site] *[http://www.arcogas.com/ Arco Brand Web site] *[http://www.ampm.com/ AMPM U.S.A. Stores Website] *[http://www.ampm.co.jp/ AMPM Japan Stores Website (In Japanese)] *[http://www.bpsolar.com BP Solar] Oil and gas companies of the United Kingdom Oil companies Multinational corporations Companies traded on the LSECompanies traded on NYSE
== Stock == Its stock symbol is BP. User:Patricknoddy User talk:Patricknoddy 16:09 August 31, 2004 (EDT) =="Officially described as" what?== "BPAmoco was formed in December 1998 by what was officially described as the merger of British Petroleum and Amoco to avoid competition issues". What? What is the official description? That British Petroleum and Amoco has merged, or that it was "to avoid competition issues"? "To avoid competition issues" is such and incredibly stupid thing to say about the reason for a merger. That statement and "officially" should not be in the same sentence for any reason whatsoever. - User:Jerryseinfeld 19:23, 3 Dec 2004 (UTC) :Yeah, it's confusing as written. I'll see if I can find a way to reword it. Essentially, BP bought Amoco, but for a variety of reasons it was officially described as "BP and Amoco merged" rather than "BP bought Amoco". I imagine competition issues had something to do with this, but I think there may have been more complex legal reasons relating to the way the stock swap and so on was arranged. But I'm not a lawyer, much less a lawyer specializing in the complexities of corporate restructurings. --User:Delirium 22:20, Mar 9, 2005 (UTC) == info about US pumps in intro? == It seems odd that an article about BP, a company that does massive business around the world, has an introduction that includes the signage of it's gas stations in the US. That seems like info that belongs somewhere in the article perhaps, but the intro is not the place. --User:Jacobolus User_talk:jacobolus 17:58, 24 Mar 2005 (UTC) :I agree and I've moved it to ''Miscellaneous'' User:Thincat 15:23, 25 Mar 2005 (UTC) == Accident == Is there any new development of what was the real cause behind this story? "On March 23, 2005, an explosion occured at a petroleum refinery in Texas City, Texas, that belonged to BP. It is the third largest refinery in the United States and one of the largest in the world, processing 433,000 barrels of crude oil per day and accounting for 3% of that nation's gasoline supply. Over 100 were injured, and 15 were confirmed dead, including employees of the Fluor Corporation as well as BP." On 17 May BP released a report into the accident and posted it on its website. Here is the link: "http://www.bp.com/genericarticle.do?categoryId=97&contentId=7006065" JP Onstwedder (disclosure - I work for BP) ==ARCO details== I've removed this as I don't think this is really encylopedic either in style or content. Possibly a rewritten para would be appropriate in ARCO. "BP began marketing itself to customers in areas where BP no longer exists (i.e. ARCO Territory), this may be the precursor of a rebranding of ARCO, similar to Amoco. ARCO has begun to signal its relationship with BP including smaller versions of BPs logo on its signage. It has been speculated that Arco stations may soon be rebranded BP but retain their unique business practices. Arco stations are often attached to the convenience store ampm which was included in the acquisition by BP. Prior to its purchase of Arco, BP already had stations on the West Coast. These stations were run by Tosco but by the mid-1990's, these stations were rebranded as Union 76." User:Rd232 09:03, 15 Jun 2005 (UTC)
#REDIRECT BP
See other meanings of words starting from letter:
Words begining with Bp:
BP
BP
Bp
BP-AMOCO
Bp-II
BPA
Bpa
BPAD
BPAmoco
BPAmoco
Bpasero
BPB
BPB_plc
BPCS
BPCS
Bpcs
Bpcs
BPD
BPDU
BPDUs
BPEL
BPEL
BPEL4WS
BPEO
BPF
BPH
BPI
BPI
BPL
BPL_(Indian_electronics_company)
BPL_group
BPM
Bpm
BPM:TV
BPMC
BPM_(callsign)
BPM_(time_service)
BPM_37093
BPM_37093
BpNichol
BpNichol_Lane
BPO
BPOE
BPON
BPOP
BPP
BPP
Bpp
BPPR
BPP_(complexity)
BPR
BPRC
BPRD
BPS
Bps
BPSA
BPSK
BPT
Bpt
Bpt
Bpullen
Bputman
BP_(disambiguation)
Bp_(disambiguation)
BP_Architects_Blue_Book
BP_Connect
Bp_connect
BP_Empire
Bp_Nichol
Bp_nichol
BP_plc
BP_Professor_of_Organic_Chemistry
BP_Village
BP
:''This article is about the corporation known as BP. See also BP (disambiguation)'' BP (formerly "British Petroleum" and briefly known as "BP Amoco") is a petroleum company headquartered in London, and one of the top four oil companies in the world (along with Royal Dutch/Shell, ExxonMobil, and Total S.A.). In December 1998, BP merged with the American oil company Amoco, forming "BP Amoco". However, this move was widely viewed as a purchase of Amoco by BP, only officially described as a merger for legal reasons. Indeed, after a single year of joint operations, the two giants merged most operations and "Amoco" was dropped from the name. The newly-renamed "BP" became an initialism no longer standing for "British Petroleum", and used the tagline "Beyond Petroleum." Its BP Solar division has become a world-leading producer of solar panels. BP is the leading partner in the controversial Baku-Tbilisi-Ceyhan pipeline. == History == === 1909 - 1955 === In May 1901, William Knox D'Arcy was granted a concession by the Shah of Iran to search for oil, which he found in May 1908. This was the first commercially significant find in the Middle East. In 1909, the Anglo-Persian Oil Company was created to exploit this find. The company grew slowly until World War I when its strategic importance led the British Government to acquire a controlling interest in the company and it became the Royal Navy's chief source of fuel oil during World War I. In 1917, the war allowed it to take the British arm of the German Europaische Union, which used the trade name ''British Petroleum''. After the war ended the company, in which the British Government now had a 51% interest, moved to secure outlets in Europe and elsewhere. but its main concern was still Persia, following the Anglo-Persian Agreement of 1919 the company continued to trade profitably in that country. There was growing dissent within Persia however at the imperialist and unfair position that APOC occupied. In 1932, the Shah terminated the APOC concession. The concession was resettled within a year, covering a reduced area with an increase in the Persian government's share of profits. Persia was renamed Iran in 1936 and APOC became AIOC, the Anglo-Iranian Oil Company. Following the turmoil of World War II, AIOC and the Iranian government resisted nationalist pressure to come to a renewed deal in 1949. In March 1951, the pro-western Prime Minister Ali Razmara was assassinated and in April, a bill was passed nationalising the oil industry and the AIOC and the Shah were forced to leave the country. The AIOC took its case against the nationalisation to the International Court of Justice at The Hague, but lost the case. However the governments of Britain and the US were concerned about the encroachment of Soviet influence in the area and assissted in a plot against the Iranian administration. They installed pro-Western General Fazlollah Zahedi as prime minister of Iran. On August 19, 1953, the incumbent Prime Minister, Mohammed Mossadeq, was forced from office and replaced by Zahedi and the Shah was recalled. The AIOC became The British Petroleum Company in 1954, and briefly resumed operations in Iran with a forty percent share in an new international consortium. BP continued to operate in Iran until the History of Iran#Islamic Revolution. However, due to a large investment program outside Iran, the company survived the loss of its Iranian interests at that time. === 1960s and 1970s === From the late 1960s the company looked beyond the Middle East to the USA (Prudhoe Bay, Alaska) and the North Sea. Both of these fields came on stream in the mid-1970s transforming the company and allowing BP to weather the OPEC-induced oil price shocks of 1973 and 1979. In 1969, BP acquired the Valdez oil terminal, Alaska, from the Chugach for United States dollar1. Some natives contend that this was an illegal transfer. In the mid-1970s, BP acquired Standard Oil of Ohio or Sohio. === 1980s and 1990s === P.I. Walters (later Sir Peter Walters) was BP's chairman from 1981 to 1990. Walters promoted a movement to deintegrate company operations based solely upon economic considerations: "For me, there is no strategy that is divorced from profit," he once remarked. Under his chairmanship British Petroleum led the oil industry away from an era dominated by vertical integration and the supply planning this required toward a corporate culture that emphasized trading and decentralization (Daniel Yergin, ''The Prize: The Epic Quest for Oil, Money, and Power'' [Simon & Schuster, 1991], pp. 722-23). In 1987, British Petroleum acquired Britoil and those shares of Standard Oil of Ohio not already owned. In 1994, BP and Petroleos de Venezuela SA (PDVSA) began marketing Orimulsion®, a bitumen-based fuel. John Browne, Lord Browne of Madingley, who had been on the board as managing director since 1991, was appointed group chief executive in 1995. ==Present== British Petroleum merged with Amoco (Formerly Standard Oil of Indiana), in December 1998, becoming BPAmoco until 2002, when it was renamed BP, with no meaning given to the letters. Most Amoco gas stations in the United States are in the process of changing the look and name to BP. However in some states, BP is selling Amoco-branded gasoline (while the name of the station itself is BP). In 2000, British Petroleum also acquired ARCO and Burmah Castrol plc. On March 23, 2005, an explosion occurred at a petroleum refinery in Texas City, Texas, Texas, that belonged to BP. It is the third largest refinery in the United States and one of the largest in the world, processing 433,000 barrels of crude oil per day and accounting for 3% of that nation's gasoline supply. Over 100 were injured, and 15 were confirmed dead, including employees of the Fluor Corporation as well as BP. BP has since accepted that its employees contributed to the accident by leaving octane for petrol unit unsupervised. The pressure in the units then reached unsustainable levels lending to the explosion. [http://news.bbc.co.uk/2/hi/business/4557201.stm] BP America, the United States arm of BP, was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. === Image=== [[Image:Bp-solarmodul.JPG|thumb|250px|Solar panel made by BP Solar]] In 2002 the company was renamed BP, with no meaning given to the letters. Its new slogan, "Beyond Petroleum", was accompanied by the rebranding of its famous "Green Shield" logo in favor of the helios symbol (a green and yellow sunburst) to emphasize the company's focus on environmentally friendly fuels and alternative energy. This is intended to move BP away from the negative environmental image of most oil companies. BP is a leading producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. It has over 30 years experience operating in over 160 countries with manufacturing facilities in the U.S., Spain, India and Australia and has more than 2000 employees worldwide. In March 2002 BP's chief executive, Lord Browne, declared in a speech that global warming was real and that urgent action was needed, saying that "Companies composed of highly skilled and trained people can't live in denial of mounting evidence gathered by hundreds of the most reputable scientists in the world.".[http://www.mindfully.org/Industry/BP-How-Green8dec02.htm] In 2005 BP was considering testing carbon sequestration in one of its North Sea oil fields, by pumping carbon dioxide into them (and thereby also increasing yields).[http://observer.guardian.co.uk/uk_news/story/0,6903,1469010,00.html] In 2004, BP began marketing low-sulphur diesel fuel for industrial use. BP is committed to creating a network of hydrogen fuelling station in the state of California. However, BP's image has been tarnished somewhat by its involvement with the controversial Baku-Tbilisi-Ceyhan pipeline, criticised for human rights abuses, environmental and safety concerns. == External links == *[http://www.bp.com/ BP Company Web site] *[http://www.arcogas.com/ Arco Brand Web site] *[http://www.ampm.com/ AMPM U.S.A. Stores Website] *[http://www.ampm.co.jp/ AMPM Japan Stores Website (In Japanese)] *[http://www.bpsolar.com BP Solar] Oil and gas companies of the United Kingdom Oil companies Multinational corporations Companies traded on the LSECompanies traded on NYSE
BP
== Stock == Its stock symbol is BP. User:Patricknoddy User talk:Patricknoddy 16:09 August 31, 2004 (EDT) =="Officially described as" what?== "BPAmoco was formed in December 1998 by what was officially described as the merger of British Petroleum and Amoco to avoid competition issues". What? What is the official description? That British Petroleum and Amoco has merged, or that it was "to avoid competition issues"? "To avoid competition issues" is such and incredibly stupid thing to say about the reason for a merger. That statement and "officially" should not be in the same sentence for any reason whatsoever. - User:Jerryseinfeld 19:23, 3 Dec 2004 (UTC) :Yeah, it's confusing as written. I'll see if I can find a way to reword it. Essentially, BP bought Amoco, but for a variety of reasons it was officially described as "BP and Amoco merged" rather than "BP bought Amoco". I imagine competition issues had something to do with this, but I think there may have been more complex legal reasons relating to the way the stock swap and so on was arranged. But I'm not a lawyer, much less a lawyer specializing in the complexities of corporate restructurings. --User:Delirium 22:20, Mar 9, 2005 (UTC) == info about US pumps in intro? == It seems odd that an article about BP, a company that does massive business around the world, has an introduction that includes the signage of it's gas stations in the US. That seems like info that belongs somewhere in the article perhaps, but the intro is not the place. --User:Jacobolus User_talk:jacobolus 17:58, 24 Mar 2005 (UTC) :I agree and I've moved it to ''Miscellaneous'' User:Thincat 15:23, 25 Mar 2005 (UTC) == Accident == Is there any new development of what was the real cause behind this story? "On March 23, 2005, an explosion occured at a petroleum refinery in Texas City, Texas, that belonged to BP. It is the third largest refinery in the United States and one of the largest in the world, processing 433,000 barrels of crude oil per day and accounting for 3% of that nation's gasoline supply. Over 100 were injured, and 15 were confirmed dead, including employees of the Fluor Corporation as well as BP." On 17 May BP released a report into the accident and posted it on its website. Here is the link: "http://www.bp.com/genericarticle.do?categoryId=97&contentId=7006065" JP Onstwedder (disclosure - I work for BP) ==ARCO details== I've removed this as I don't think this is really encylopedic either in style or content. Possibly a rewritten para would be appropriate in ARCO. "BP began marketing itself to customers in areas where BP no longer exists (i.e. ARCO Territory), this may be the precursor of a rebranding of ARCO, similar to Amoco. ARCO has begun to signal its relationship with BP including smaller versions of BPs logo on its signage. It has been speculated that Arco stations may soon be rebranded BP but retain their unique business practices. Arco stations are often attached to the convenience store ampm which was included in the acquisition by BP. Prior to its purchase of Arco, BP already had stations on the West Coast. These stations were run by Tosco but by the mid-1990's, these stations were rebranded as Union 76." User:Rd232 09:03, 15 Jun 2005 (UTC)
Bp
#REDIRECT BP
See other meanings of words starting from letter:
B
BA | BC | BD | BE | BF | BG | BH | BI | BJ | BK | BL | BM | BN | BO | BP | BR | BS | BT | BU | BW | BX | BY | BZ |Words begining with Bp:
BP
BP
Bp
BP-AMOCO
Bp-II
BPA
Bpa
BPAD
BPAmoco
BPAmoco
Bpasero
BPB
BPB_plc
BPCS
BPCS
Bpcs
Bpcs
BPD
BPDU
BPDUs
BPEL
BPEL
BPEL4WS
BPEO
BPF
BPH
BPI
BPI
BPL
BPL_(Indian_electronics_company)
BPL_group
BPM
Bpm
BPM:TV
BPMC
BPM_(callsign)
BPM_(time_service)
BPM_37093
BPM_37093
BpNichol
BpNichol_Lane
BPO
BPOE
BPON
BPOP
BPP
BPP
Bpp
BPPR
BPP_(complexity)
BPR
BPRC
BPRD
BPS
Bps
BPSA
BPSK
BPT
Bpt
Bpt
Bpullen
Bputman
BP_(disambiguation)
Bp_(disambiguation)
BP_Architects_Blue_Book
BP_Connect
Bp_connect
BP_Empire
Bp_Nichol
Bp_nichol
BP_plc
BP_Professor_of_Organic_Chemistry
BP_Village
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