Bp-Amoco Merger
Chapter-1
Company Profiles before Merger
1.1 British Petroleum Company
British Petroleum Company (BP) is a British multinational oil and gas company. It is the third-largest energy company and fourth-largest company in the world. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy activities in biofuels and wind power. BP has operations in over 80 countries, produces around 3.4 million barrels of oil equivalent per day and has around 21,800 service stations worldwide.
BP at a glance: Industry | Oil and gas | Founded | 1909 | Type | Public Limited Company | Early Name | Anglo-Persian Oil Company | Headquarters | London, United Kingdom | Products | Petroleum, Natural gas, Motor fuels, Aviation fuels |
History of BP
BP 's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska and in 1965 it was the first company to strike oil in the North Sea. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatized the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998.
1909 | Anglo-Persian Oil Company | Established as a subsidiary of Burmah Oil Company | 1935 | Anglo-Iranian Oil Company | Renamed | 1954 | British Petroleum | Renamed | 1998 | BP Amoco PLC | Merged with Amoco |
Financial Statement before Merger
Condensed Consolidated Statement of Income
British Petroleum Company Year Ended December 31, (millions of dollars) |
Company Profiles before Merger
1.1 British Petroleum Company
British Petroleum Company (BP) is a British multinational oil and gas company. It is the third-largest energy company and fourth-largest company in the world. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy activities in biofuels and wind power. BP has operations in over 80 countries, produces around 3.4 million barrels of oil equivalent per day and has around 21,800 service stations worldwide.
BP at a glance: Industry | Oil and gas | Founded | 1909 | Type | Public Limited Company | Early Name | Anglo-Persian Oil Company | Headquarters | London, United Kingdom | Products | Petroleum, Natural gas, Motor fuels, Aviation fuels |
History of BP
BP 's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska and in 1965 it was the first company to strike oil in the North Sea. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatized the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998.
1909 | Anglo-Persian Oil Company | Established as a subsidiary of Burmah Oil Company | 1935 | Anglo-Iranian Oil Company | Renamed | 1954 | British Petroleum | Renamed | 1998 | BP Amoco PLC | Merged with Amoco |
Financial Statement before Merger
Condensed Consolidated Statement of Income
British Petroleum Company Year Ended December 31, (millions of dollars) |