BP generated an operating revenue of 241.4 billion U.S. dollars in 2022, up by nearly 53 percent from the previous year. BP is a globally operating oil and gas company and counted among the oil supermajors or Big Oil companies - the largest public companies within the industry. It is headquartered in London, United Kingdom. Operating as a vertically integrated company, BP is active in all areas of the oil and gas supply chain, from exploration to refining, marketing, and power generation.
BP’s revenue by segment
In 2022, BP’s Upstream segment brought in around 89.5 billion U.S. dollars in revenue, while revenues of BP's Downstream segment reached nearly 188.6 billion U.S. dollars. Revenues decreased across all segments in 2020 as the coronavirus pandemic fueled a market oversupply and the reduced oil demand led to a fall in petroleum product sales.
British Petroleum in history
Founded by William Knox D’Archy in 1910 as the Anglo-Persian Oil Company, BP has come to be one of the largest companies in general worldwide. When oil was first discovered in Iran in 1908, both British and Persian stakeholders got involved. The Anglo-Persian Oil Company gradually became the British Petroleum Company. Perhaps most notably, BP is known for their Deepwater Horizon oil spill in 2009 on the Gulf of Mexico. This oil spill was one of the largest oil spills in petroleum history.
Operating revenue of BP from 2005 to 2022
(in million U.S. dollars)
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BP. (February 7, 2023). Operating revenue of BP from 2005 to 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 28, 2023, from https://www.statista.com/statistics/264185/bp-group-revenue-since-2003/
BP. "Operating revenue of BP from 2005 to 2022 (in million U.S. dollars)." Chart. February 7, 2023. Statista. Accessed September 28, 2023. https://www.statista.com/statistics/264185/bp-group-revenue-since-2003/
BP. (2023). Operating revenue of BP from 2005 to 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 28, 2023. https://www.statista.com/statistics/264185/bp-group-revenue-since-2003/
BP. "Operating Revenue of Bp from 2005 to 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 7 Feb 2023, https://www.statista.com/statistics/264185/bp-group-revenue-since-2003/
BP, Operating revenue of BP from 2005 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/264185/bp-group-revenue-since-2003/ (last visited September 28, 2023)
Operating revenue of BP from 2005 to 2022 (in million U.S. dollars) [Graph], BP, February 7, 2023. [Online]. Available: https://www.statista.com/statistics/264185/bp-group-revenue-since-2003/