CP50: BP Global

Company Information

BP was founded as the Anglo Persian Oil Company by William Knox D'Arcy in 1909. Currently, BP employs over 96,000 people in 100 countries around the world and produces 3.9 million barrels of oil equivalent per day of oil and gas for customers across the world.

The current company, which was formed in 1998 from the merger of British Petroleum and Amoco, grew by buying Atlantic Richfield Co. BP has proved reserves of 17.8 billion barrels of oil equivalent, including large holdings in Alaska. BP is the largest oil and gas producer in the U.S. BP operates more than 25,000 gas stations worldwide. With the success of its BP Solar International subsidiary, BP has created an Alternative Energy unit with an initial investment of $1.8 billion to develop green energy sources.

Company Officers

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    Robert (Bob) Dudley

    Group Chief Executive

    Bob joined Amoco Corp. in 1979, for whom he worked until its merger with BP in 1998. In his early career he held a variety of engineering and commercial posts in the US and UK. Bob was appointed an executive director of the BP board April 2009 becoming an executive vice president and a member of the executive management team with responsibility for the group’s activities in the Americas and Asia. Between June and September 2010 he served as the President and CEO of BP’s Gulf Coast Restoration Organization in the United States. He became Group Chief Executive of BP p.l.c on Oct. 1, 2010.

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    Rupert Bondy

    Group General Counsel, BP plc

    Bondy is a member of the BP executive management team. He has global responsibility for legal function, trademarks, patents & licensing, compliance. Bondy began his career as a lawyer in private practice, with a focus on mergers and acquisitions. In 1989 he joined U.S. law firm Morrison & Foerster, working in San Francisco, London and New York, and from 1994 he worked for UK law firm Lovells in London. In 1995 he joined SmithKline Beecham as Senior Counsel for mergers and acquisitions and other corporate matters. He subsequently held positions of increasing responsibility and following the merger of SmithKline Beecham and GlaxoWelcome to form GlaxoSmithKline (GSK) he was appointed SVP and General Counsel of GlaxoSmithKline in 2001. In May 2008 he joined the BP group. He is also a member of various professional bodies and committees. He is a member of the English Bar and the California Bar.

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    Helmut Schuster

    Executive Vice President, Group Human Resources

    Schuster began his career working for Henkel in a marketing capacity. Since joining BP in 1989 Schuster has held a number of major leadership roles. He has worked at BP in the U.S., UK and continental Europe and within most parts of refining, marketing, trading and gas and power. Before taking on his current role, Schuster’s responsibilities as a vice president of human resources included the refining and marketing segment of BP and corporate and functions. In this role he led roughly 60,000 people around the world and included businesses such as petrochemicals, fuels value chains, lubricants and functional experts across the corporation.

Investor Information

For the latest financial reports, visit: http://www.bp.com/investorhome.do?categoryId=132&contentId=2004195

Contact Information

  • BP Global
  • 1 St. James's Square
  • London, SW1Y 4PD, United Kingdom
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Products

The company's main businesses are exploration and production of oil and gas; refining, manufacturing and marketing of oil products and petrochemicals; transportation and marketing of natural gas; and a growing business in renewable, low-carbon and alternative energies, BP Alternative Energy. BP products include aromatics and acetyls. Purified Terephthalic Acid (PTA) and Acetic Acid are widely used chemical products that are derived from crude oil or natural gas. With further processing in BP chemical plants, they will be sold to companies that make products that you might wear, ride on, have in your home or, in fact, eat.

Globally, BP focuses its chemicals production on two specific but versatile types of chemicals: aromatics and acetyls. The Aromatics product like PTA is a constituent part of Polyester. BP invented PTA, a key ingredient for making recyclable PET bottles. PTA is also used in clothing, home textiles, carpets and industrial fibre products. BP also makes paraxylene (PX) the raw material for PTA.

Acetyls like Acetic Acid is a chemical best recognized for giving vinegar its sour taste, so it can be found in jars of pickles. It is one of the world’s most important raw materials for the production of a whole range of items in your shopping basket, from washing powder and paints to plastic drink bottles and food packaging.