About our BP News
Latest BP news and BP share price, for the British multinational oil and gas company and one of the world's largest companies measured by revenues and profits.
Founded in 1909 as the Anglo-Persian Oil Company, BP has grown into a global energy giant with operations in over 70 countries. With the company being headquartered in London, they are involved in every aspect of the energy supply chain, from exploration and production to refining, distribution, and marketing of oil and gas.
BP's business operations are divided into three main sections: Upstream, Downstream, and Renewables. Upstream focuses on oil and natural gas exploration, field development, and production whereas Downstream encompasses refining, marketing, and distribution of petroleum products, including fuels, lubricants, and petrochemicals. BP also has a growing focus on renewable energy sources, investing in wind, solar, and bioenergy, as well as advanced technology for carbon capture and storage.
In recent years, BP has committed to achieving net-zero carbon emissions by 2050 or sooner. This involves shifting towards more sustainable energy solutions, reducing the carbon footprint of its operations, and increasing investments in low-carbon technologies.
BP has faced a number of significant challenges, including the Deepwater Horizon oil spill in 2010, which had profound environmental and financial repercussions. Since then, the company has implemented rigorous safety and risk management measures to prevent future incidents.