The name british petroleum company plc was adopted in 1982. English entrepreneur william d arcy gets exclusive rights to search for oil in south west persia in 1901. Many oil producing nations realized that their countries could become wealthy if they controlled the price of oil. Bp was the first company to strike oil in the north sea. Bp fuel pump image courtesy of tony hisgett on flickr ccby. Based on unrestricted access to papers and personnel at bp, as well as numerous other sources, this second volume of bps history aims to be an honest and comprehensive examination of the company in the period 19281954. Bp plc, sometimes referred tae bi its umwhile name breetish petroleum, is a breetish multinaitional ile an gas company heidquartert in lunnon, ingland, unitit kinrick. Accounting and financial management are the main backgrounds of the report under which the financial evaluation of british petroleum bp is conducted. The report will provide a detailed look at how these factors affect the business, and explore the reasons behind them. British petroleum simple english wikipedia, the free. See also its companion case, amoco corporation uvaf1262. Key history of british petroleum and the rockefeller. It is the fiftlairgest energy company bi mercat capitalization, 5 the fiftlairgest company in the warld measured bi 2012 revenues, an the saxtlairgest ile an gas company.
Amoco restructures, replacing its three major subsidiaries with a network of 17. Bp claims to look beyond petroleum, but the company and a world still dependent on its industry remains very much in the muck. It is one of the worlds seven oil and gas supermajors, whose performance in 2012 made it the worlds sixthlargest oil and gas company, the sixthlargest energy company by market capitalization and. Volume one covers the years 1902 and deals with the earlier years of the darcy concession from its granting in 1901 by the shah of persia, to the discovery of oil in 1908, the formation of the company in 1909 and its formative years until the. Formed by the 1998 merger of british petroleum company and amoco corporation, bp p. The development of oil and gas has evolved over time and its numerous uses have also expanded and become an integral part of todays global economy. It was originally the founding of the anglopersian oil company. Jan 26, 2016 british petroleum and global oil 19501975. It was privatised by the british government in stages between 1979 and 1987. Bp plc is one of the largest players within the energy, oil, and gas industry worldwide. British petroleum bp is one of the world s leading oil companies, and one of the united kingdom s largest corporations. Gertrude bell, baghdad, 1921 for the british oil was a longdistance industry which acquired from the beginning an association with national survival and diplomacy, and oil soon seemed part of the empire itself.
The oil company rebranded itself as british petroleum, bp amoco, and then, in 2000, bp. Petroleum production and export play a dominant role in nigerias economy and account for about 90% of her gross earnings. Bp plc formerly the british petroleum company plc and bp amoco plc is a multinational oil and gas company headquartered in london, england. This case is a teambased merger simulation of the british petroleum amoco oil combination in august 1998. Bp is the fifth largest energy company in the world. Marketing strategy of british petroleum uses valuebased positioning strategies in order to increase the visibility of the brand in the market. To deliver the ambition, we will fundamentally reorganize to become more focused, more integrated and to face the energy transition head on. The company was formerly known as british petroleum and has its roots in the anglopersian oil company. The history of the british petroleum company ronald w. To see the rest of the timeline and history, please click here.
Royal dutch shell group of companies was created in 1908 with the merger of royal dutch petroleum company and the shell. Bp plc, formerly called anglopersian oil company, ltd. A bp plc, ismert, hasznalt regebbi neven a british petroleum, a vilag egyik legnagyobb olaj es gazvallalata, a het supermajor egyike. Mr bradshaw, a british expatriate field manager, on a cart pulled by mules in persia. Founded in 1908, british petroleum bp is one of the leading oil and gas companies in the world. History of the oil and gas industry library of congress. Marketing strategy of british petroleum british petroleum. Drillers brought in the greatest gusher ever seen within the. On the early morning of 26 may 1908, oil was explored as the drill reached 1,180 feet. Click download or read online button to the history of the british petroleum company book pdf for free now. Articles on the history of essex, researching your ancestors, and british history the early history of british petroleum. During its decades in iran, it had operated as it pleased, with little regard for the interests of local. William knox darcy, the founder of bp, with his wife in their edwardian english home.
This report will investigate the three most prominent external pestel factors which face bp beyond petroleum. On april 20, 2010, the oil drilling rig deepwater horizon, operating in the macondo prospect in the gulf of mexico, exploded and sank resulting in the death of 11 workers on the deepwater horizon and the largest spill of oil in the history of marine oil drilling operations. Download pdf the history of the british petroleum company. Key history of british petroleum and the rockefeller empire. The company became british petroleum in the year 1954. Starting in 1908 with the discovery of oil in persia, our story has always been about transitions from coal to oil, from oil to gas, from onshore to deep water, and now onwards towards a new mix of energy sources as the world moves into a lower carbon future. The company grew out of the old anglopersian oil company, which was founded in 1908.
In 1901 one of the largest and most significant oil strikes in history occurred near beaumont, texas, on a mound called spindletop. British petroleum found itself widely and vociferously criticised because of its activities in the gulf of mexico, with british used by some as a term of abuse. The wests secret pact to get mideast oil black, edwin on. Bamberg, the history of the british petroleum company. History of the oil and gas industry the library of congress. The history of the british petroleum company by ferrier, r. Bp is one of the worlds largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. We have encountered major energy crises in 1973, 1979, and 1990. British petroleum, now called bp plc, is one of the worlds seven biggest oil and gas companies. History, petroleum industry and trade great britain history publisher cambridge. Petroleum engineering upstream history of petroleum and petroleum engineering p. How british petroleum was founded by a german company.
The challenge of nationalism history of british petroleum, vol. This shifting of powers from the multinational oil companies. The company, which was the pioneer of the middle eastern oil industry, having discovered oil in iran before world war i, is now engaged in all aspects of oil exploration, production, refining, transportation, and. Bp was initially registered on april 14, 1909, as the anglopersian oil company, ltd. Bp profile, history, founder, founded, ceo petroleum. British petroleum have integrated a portfolio of offerings which helps the company to not only retain its customers but also excel the value delivery system. Analysis of british petroleum and its competitive environment. Key history of british petroleum and the rockefeller empire, standard oil. This is the first volume of a comprehensive history of british petroleum, which covers the history of the company from its origin up to 1975. Such a history inevitably touches on many different historical interests ranging from international relations to social, economic, political and military topics, primarily in.
First oil arrives from bp s forties field discovered in 1970 in the north sea in november, and by 1978 is supplying 20% of the uks requirements. Since the nineteenth century, the united states has been using petroleum as a source of energy production. Smith and others published analysis of environmental and economic damages from british petroleums deepwater horizon oil spill find, read and cite all the research you. The history of the british petroleum company download the history of the british petroleum company ebook pdf or read online books in pdf, epub, and mobi format. The use of oil and gas has a long and fascinating history spanning thousands of years. History of bp british petroleum and its role in the 1953.
Bp is an oil and gas company whose headquarters are located in london, uk. It is among the largest privatesector energy corporations in the world. This report highlights three aspects of business development and market growth for british petroleum considering the competitive environment of bp, the key business strategies of bp for five years and the resources and capabilities that are available to bp for the last five years. Bp s chief executive officer, bernard looney, sets out a vision for bp as he announces. The history of the british petroleum company, volume 2. Jun 28, 2012 history of bp british petroleum and its role in the 1953 iran coup there was one primary purpose of the coup that overthrew mossadegh and installed the shah.
Iraq, turkey, and the angloamerican world order, 19181930. Corporate social responsibility of british petroleum in. In 1935 it was renamed the angloiranian oil company and, finally, in 1954 it became british petroleum. Deepwater horizon bp gulf of mexico oil spill us epa. In the first decade of the 20th century, burmah oil became an early and major shareholder in anglopersian oil company apoc later angloiranian oil company, then british petroleum and eventually bp. Volume 2, the anglo iranian years, 19281954 cambridge, 1994, 172.
History of bp british petroleum and its role in the 1953 iran coup there was one primary purpose of the coup that overthrew mossadegh and installed the shah. History of bp british petroleum and its role in the 1953 iran. Based on unrestricted access to papers and personnel at the british petroleum company, as well as numerous other sources, this second volume of bps history aims to be an honest and comprehensive examination of the company in the period 1928sh1954. Darcy entered the oil industry in 1901 by obtaining an oil concession in persia.
Major events in the history of the nigerian oil and gas. British petroleum have integrated a portfolio of offerings which helps the company to not only retain its customers but. Royal dutch shell group of companies was created in 1908 with the merger of royal dutch petroleum company and the shell transport and trading company ltd of the united kingdom. Bp has long wielded such influence in fact, the story of its origins is moored in empire and controversy. And now the 2010 spill bodes to be the worst in history. It is a multinational company and is a supermajor amongst the worlds gas and oil companies. Egy londoni szekhelyu brit multinacionalis vallalat, mely 2012es eredmenye alapjan 2012ben piaci kapitalizacio alapjan a vilag hatodik legnagyobb olaj es gazvallalatava, valamint a hatodik energetikai vallalkozasava valt. Jun 30, 2010 the oil company rebranded itself as british petroleum, bp amoco, and then, in 2000, bp. Information center compressor cross reference british petroleum chart your cart is empty. The company operations in more than 80 countries, has over 83,900 employees and serves over million customers globally bp plc, 2014. Bp is a leading company that explores produces, refines and markets oil and gas products including fuel, lubricants, energy and petrochemicals product. This dominant role has pushed agriculture, the traditional mainstay of the economy, from the early fifties and sixties, to the background. Volume 1, the developing years, 1901 1932 the history of the british petroleum company 2 volume set the history of the british petroleum company 2 part set the history of the standard oil company, vol.
In 1901, an australian british mining magnate named william knox darcy won a concession from persia now iran to explore for oil in the countrys rugged, arid southwest. The company currently operates in 72 countries worldwide and has an employee count of around 74,500 as per 2016 records. We would like to show you a description here but the site wont allow us. By 1935, it became the burmah oil company and it was established to exploit the discoveries of oil in iran. Mesini encyclopedia of life support systems eolss construction materials, as confirmed by several archaeological finds, inscriptions and mentions in the bible, while the liquid ones known as naphtha were sporadically used. Pdf analysis of environmental and economic damages from. Bps chief executive officer, bernard looney, sets out a vision for bp as he announces. This case is a teambased merger simulation of the british petroleumamoco oil combination in august 1998.