Top 10 Oil and Gas Companies in the World 2017

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4. BP

BP P.L.C. is a British multinational Oil and Gas Company, headquartered in London.

Image: geograph

BP is one of the members of the world’s seven oil and gas “supermajors”, which is the sixth largest company by volumes of production and is a complete vertically integrated company operating in exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has side arms focusing on renewable sources of energy like biofuels and wind power.

It has its presence in more than 70 countries with BP America as its largest division. It has a primary listing on the London Stock Exchange and secondary listing on the Frankfurt Stock Exchange and deals in products ranging from fuels for transportation, energy for heat, light to petrochemical products used in making everyday items like plastic bottles, paints.  In 2010, it is accused of the second largest ever oil spill accident (Deepwater Horizon oil spill), by the USA BP division, resulting in of 560-585 thousand tonnes of oil spillage in the Gulf of Mexico. This resulted in a huge loss of revenue, image crisis and loss of market value but owing to its magnanimous scale, it could easily bounce back by paying the fines and rebuilding their image. Now it is committed to sustainability in every approach, least environmental degradation and strives to foster a harmony between its activities and well-being of all its stakeholders. As a result of which it could bounce back to good profitability by the year 2016.

Revenue billion USD: 183.00

Profit billion USD: 0.17

Production volume (Mn Barrels/Day): 4.1

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