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BP - statistics & facts

BP plc is one of the largest players within the global energy industry. The United Kingdom-based company was formerly known as British Petroleum and has its roots in the Anglo-Persian Oil Company, which was founded in 1909. BP is regularly listed among the largest oil and gas companies worldwide based on revenue. Following a difficult fiscal year in 2020, net profits of BP increased again into positive figures in 2021 on the back of an energy supply shortage and rising crude oil prices.

Financials and production activity

Prior to 2021, BP’s businesses were divided into three major segments: Upstream, Downstream, and Other Businesses. In January 2021, the company announced a change to its business segmentation and would, going forward, separate gas and low carbon energy operations from its oil production activities. Daily liquids production fell below two million barrels in 2021.
The Downstream sector is still by far the largest segment in terms of revenue, generating nearly three times as much as upstream activity. Downstream generally includes the processing and final distribution of fuels, lubricants, and petrochemicals. North America and Africa are the most important regions for BP’s oil production.

Impact of oil spills – Deepwater Horizon

BP was linked with a number of environmental, health, and safety violations over the last few decades. The latest and most remembered is the Deepwater Horizon accident in the Gulf of Mexico in April 2010, the second-largest oil spill in the history of oil production. The U.S. government estimated the oil spill quantity at some 4.9 million barrels. By the end of 2013, the oil spill had cost the company some 28 billion U.S. dollars due to various payments.

The company has since started diversifying its operations by increasing capital expenditure on low-carbon energy projects such as offshore wind to reduce its huge carbon footprint.

Interesting statistics

In the following 5 chapters, you will quickly find the 25 most important statistics relating to "BP".

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