RSSBP 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
Tony Hayward
Group Chief Executive
Hayward joined BP in 1982 and, following a series of technical and commercial roles in BP exploration in London, Aberdeen, Glasgow, France and China, in 1992 he moved to Colombia as exploration manager. In 1995, he became president of the BP group in Venezuela. In 1997, Hayward returned to London as a director of BP exploration and in 1999, following the merger of BP and Amoco, he became a group vice president and a member of the upstream executive committee. He was appointed group treasurer in 2000, where his responsibilities included global treasury operations, corporate finance and mergers and acquisitions. He was appointed an executive vice president in 2002, becoming chief executive officer for exploration and production later that year. He succeeded Lord Browne as group chief executive in May 2007. Hayward graduated from the University of Edinburgh PH.D Geology 1982. He also serves as a senior independent non-executive director of Corus Group plc and a non-executive director of Tata Steel.
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.
Sally Bott
Group HR Director
Bott was appointed Group HR Director March 2005. She is also a member of the BP executive management team. Bott has more than 25 years of HR experience. She worked at Citibank for 23 years, at BZW for two years, and then five years as Group Human Resources Director of Barclays plc in London. Her most recent position prior to joining BP was at Marsh & McLennan Companies, where she worked for five years, and served as a Managing Director and Head of Global HR for Marsh Inc. She is on the Board of the Royal College of Music in London and the Carter Burden Center for the Aged in New York.
Investor Information
For the latest financial reports, visit: http://www.bp.com/investorhome.do?categoryId=132&contentId=2004195
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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.
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