BP Online Tests

BP Plc (until May 2001 ‘British Petroleum’) is an integrated oil and gas company that provides customers with fuel for transportation, energy for heating and lighting, lubricants to power engines and petrochemicals used to make everyday items such as paints, clothing and packaging. The company operates in two segments: Upstream and Downstream. The Upstream segment trades in natural gas, including liquefied natural gas, electricity and is also responsible for its oil and natural gas exploration activities. The Downstream segment is responsible for the refining, production, marketing, transportation, supply and sale of oil, petrochemicals and related services to wholesale and retail customers. The company was founded by William Knox D'Arcy on 14 April 1908 and is headquartered in London, UK.

BP's main divisions as of 2022:

• Gas & low carbon energy - natural gas production, solar and wind farms, biofuel production; revenues $30.8 billion, profit $2.2 billion.
• Oil production & operations - activities in regions with predominantly oil production; $24.5 billion in revenues, $10.5 billion in profits.
• Customers & products - Refining, petroleum product sales, electric car charging stations; revenues $130.1 billion, profits $5.6 billion.
• Rosneft - 20% stake and joint projects, $2.7bn profit; cooperation terminated 27 February 2022, assets written off after first quarter 2022;
• Other businesses and corporate - this division includes maritime transport (49 own vessels and 22 leased), financial services and insurance; revenues $1.7bn, loss $2.7bn.