BP plc (NYSE:BP) is a British multinational energy company headquartered in London. Founded in 1909 as the Anglo-Persian Oil Company, BP has grown into one of the world’s leading integrated oil and gas businesses. The company’s operations span the full energy value chain, encompassing exploration and production, refining, marketing and trading, as well as the development of low-carbon energy solutions.
In its upstream segment, BP explores for and produces oil and natural gas in regions including North America, the Middle East, the North Sea and the Asia Pacific. The downstream business refines crude oil into fuels, lubricants and petrochemicals at a global network of facilities, then distributes these products to industrial and retail customers under the BP and Castrol brands. BP’s trading arm buys, sells and transports petroleum products and related commodities across international markets.
As part of its strategy to transition to a lower-carbon future, BP is investing in renewable energy and new technologies. The company is developing wind and solar projects in Europe, North America and other regions, while exploring opportunities in biofuels, hydrogen and carbon capture and storage. BP has set ambitions to become a net-zero company by 2050 or sooner, with interim targets to reduce its operational emissions and increase its low-carbon investments.
BP is governed by a board of directors chaired by Helge Lund, with Murray Auchincloss serving as interim chief executive officer. The leadership team oversees a workforce of tens of thousands of employees and contractors around the world, guiding BP’s efforts to balance energy security, affordability and sustainability while delivering value for shareholders and stakeholders alike.