BP (LSE:BP) is a vertically integrated oil and gas company, the sixth largest energy company by market cap and the world’s fifth largest company by revenue.
BP started in 1908 as the Anglo-Persian Oil Company. Since then it has transitioned many times and acquired Standard Oil of Ohio, merged with Amoco, acquired ARCO and Burmah Castrol in 2000, finally becoming the BP it is today.
Of course, BP is most known to many investors for the Deepwater Horizon oil spill in 2010. But since then, BP has paid fines and is looking to settle with home owners and businesses that incurred damage after the spill.
See below for our latest articles on BP
A new report says the underexplored basin may mirror America’s massive Permian Basin.
BP’s share price has dropped over the past year and a half due to low oil prices, but that isn’t the only negative catalyst in the company’s history. What was the BP stock price before the 2010 Deepwater Horizon spill in the Gulf of Mexico?
USA Today reported that the planned layoffs for oil industry workers in the US are approaching 100,000 in the last four months with more layoffs likely to come.
The CEO of Rosneft (LSE:ROSN) may be under sanctions, but that hasn’t stopped BP (NYSE:BP) from making a major oil supply deal with the Russia based company, Reuters reported today. Rosneft stands to receive about $1.5 billion in pre-payments from the deal, which follows a previous shale exploration deal between
According to BP’s (NYSE:BP) Statistical Review of World Energy released this week, Iran holds the world’s largest natural gas reserves, Asharq Al-Awsat reported. The country has 33.8 trillion cubic metres of gas, making up 18.2 percent of the world’s proven reserves.
Writing for Oilprice.com, Nick Cunningham pointed out that the amount of coal burned in 2013 was enough to meet 30.1 percent of the world’s energy demand, the highest percentage in over 40 years. The author cited statistics from BP’s (NYSE:BP) Statistical Review of World Energy.
It’s only Tuesday, but so far this week has been a big one for the natural gas space.
Paul Rankine of TomCo Energy discusses oil shale as an alternative source of oil in the United States.
The Moscow Times reported that BP (NYSE:BP) signed a deal with Russia’s Rosneft (MCX:ROSN) for shale oil exploration projects in Russia.
Sanctions imposed on Russia by the United States were less harsh than expected, but the intertwining of Russia’s Rosneft with other international oil companies highlights Russia’s importance in the oil market.
The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.