BP

What BP does

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom, producing oil and gas, trading energy commodities, and manufacturing, shipping, and selling refined products including petrol, diesel, jet fuel, and natural gas. The company operates across more than 75 countries with major upstream positions in the Gulf of Mexico (Thunder Horse, Kaskida, Tiber), UK North Sea, Azerbaijan (ACG fields), and Abu Dhabi (Bab Gas Cap, 10% stake), and runs an extensive downstream network including over 7,500 branded retail stations in the United States under the BP, Amoco, ampm, and Thorntons brands. Its product portfolio also includes Castrol lubricants, the bp pulse electric vehicle charging network (2,500 chargers through the Iberdrola joint venture in Spain and Portugal), Wild Bean Cafe, bpme convenience stores, and the Earnify loyalty platform, alongside selective investments in green hydrogen (Castellon, Spain) and renewable energy optimization (Open Energi, Blueprint Power).

BP makes money through a combination of upstream production at roughly one million barrels of oil equivalent per day, commodity trading via its supply, trading, and shipping division, wholesale refined product sales, retail fuel margins, lubricants, and emerging usage-based revenue from EV charging. It generates supplementary income through technical services contracts with national oil companies such as ONGC in India and ADNOC in Abu Dhabi, where compensation structures include fixed fees transitioning to performance-linked terms tied to incremental production. The company also runs a convenience and loyalty business across its station network and is developing an energy services offering for commercial and industrial clients in Europe through the GETEC ENERGIE GmbH acquisition. Its customer base spans national oil companies, industrial and aviation off-takers, commercial energy users, and individual retail consumers across multiple geographies.

The company is led by CEO Meg O'Neill, who was appointed in 2025 following the departure of Murray Auchincloss and a broader leadership shake-up that included the removal of Chairman Albert Manifold in May 2026 and the announced retirement of Deputy CEO Carol Howle. Under this new leadership, BP announced a pivot back toward traditional oil and gas, targeted $6.5-$7.5 billion in structural cost reductions through 2027, restructured into two operating segments (Upstream and Downstream) effective July 1, 2026, and rationalized its portfolio through divestitures such as the Bay du Nord stake sale to Equinor. The company faces active regulatory scrutiny in the United States, including a DOJ fuel price-gouging investigation and a California antitrust lawsuit alleging the use of AI-based pricing tools, alongside a Pomerantz securities investigation tied to the 2026 board action.

Name

BP

Legal name

BP p.l.c.

Website

https://bp.com

Company type

Public

Founded year

1909

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

BP p.l.c. is a global integrated energy company producing oil and gas, trading commodities, and operating retail fuel, lubricants, and EV charging businesses across more than 75 countries, serving national oil companies, industrial clients, and retail consumers.

Ownership category

akta.pro rank

Product category

Integrated Oil and Gas

NAICS

Gasoline Stations (4571), Petroleum Refineries (324110), Petroleum Refineries (32411)

SIC

Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911)

akta.pro primary industry

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA)

akta.pro secondary industries

Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE), Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Fuel Pricing, Loyalty & Payments Platforms (POS, Mobile Pay, Fleet Cards, Loyalty Programs) (EUALAIAK), Alternative Transportation Fuels Retail (EV Charging, Hydrogen, CNG/LNG, Biofuels Blends) (EUALAIAI)

Keywords

• Oil and gas production
• Petroleum refining
• Energy trading
• Retail fuel stations
• EV charging network

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Oil and Gas Production: BP produces oil and gas from upstream operations globally, with production volumes targeted at approximately 1 million barrels per day in the US by 2030
2. Energy Trading: BP trades energy commodities including oil, gas, and LNG through its supply, trading, and shipping division
3. Refined Fuels Sales: Sale of petrol, diesel, jet fuel through retail stations and wholesale channels
4. EV Charging Services: Public high-power charging network through Iberdrola | bp pulse joint venture in Spain and Portugal

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

BP is an integrated global energy company that produces oil and gas, trades energy commodities, and manufactures, ships, and sells energy products including petrol, diesel, jet fuel, and natural gas. The company operates a retail network of branded fuel stations and convenience stores and selectively invests in lower-carbon alternatives such as EV charging, green hydrogen, offshore wind, and solar.

Product overview

BP is a global energy company operating across the hydrocarbon value chain as an integrated oil and gas producer, trader, and marketer. The company's core products include petrol, diesel, jet fuel, natural gas, and industrial raw materials. BP's portfolio includes retail fuel station brands (BP, Amoco, ARCO), Castrol lubricants, bp pulse EV charging network, bpx energy (US onshore), and Wild Bean Café/bpme/earnify convenience and loyalty brands. The company also invests in energy transition initiatives including green hydrogen (Castellón Green Hydrogen joint venture with Iberdrola), and has acquired technology companies for renewable energy optimization (Open Energi, Blueprint Power). BP operates major upstream assets globally including Azerbaijan ACG fields, Gulf of Mexico platforms, UK North Sea, and has expanded into Abu Dhabi gas through the Bab Gas Cap project. The company provides technical services to ONGC in India and operates the Azule Energy joint venture with Eni in Angola.

Differentiator

Problem solved

Functional benefit

Brands

• bp pulse: Electric vehicle charging network operated by BP, including public high-power charging networks
• Amoco
• Argo
• Wild Bean Café
• Castrol
• bpme
• Earnify

Products and services

• BP Retail Fuel Stations
• bp pulse EV Charging Network
• Castrol Lubricants
• ONGC Technical Services
• Bab Gas Cap Project
• bpx energy
• Castellón Green Hydrogen Plant
• Azule Energy Angola Operations
• Wild Bean Café
• Earnify Loyalty Program

Quantifiable outcome

• BP boosted jet fuel production at European refineries by approximately 30% during Iran conflict, helping the region avoid severe shortages
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature3 records

Partnerships

14 partnerships are on record, tiered minor, core and secondary.

• SaipemminorImplementation/ SI/ Consulting Partner · 7 July 2026Saipem secured approximately $2 billion contract from BP Berau Ltd. for Tangguh UCC Project in Indonesia covering engineering, procurement, construction, and installation of offshore facilities for natural gas production with CO2 capture.
• EquinorcoreStrategic or Co-development Partner · 7 July 2026Equinor agreed to acquire BP's 37.2% non-operated stake in Bay du Nord offshore oil project in Canada, making Equinor sole owner of project with 400+ million barrels recoverable resources. BP retains 100% interests in two exploration licenses in the region.
• JERA Nex bp (Japan Offshore Wind)minorStrategic or Co-development Partner · 6 July 2026BP considering withdrawal from Yamagata offshore wind project in Japan due to restructuring of global offshore wind business. The August 2025 integration of BP's offshore wind operations with Japan's JERA formed JERA Nex bp joint venture.
• Iberdrola | bp pulse Joint VenturecoreStrategic or Co-development Partner · 1 July 2026Iberdrola | bp pulse is a 50:50 joint venture between Iberdrola and BP operating public high-power EV charging networks across Spain and Portugal. The JV manages 2,500 fast and ultra-fast chargers using Driivz software platform, with plans for expansion including vehicle-to-grid capabilities.
• Iberdrola (Green Hydrogen Spain)coreStrategic or Co-development Partner · 1 July 2026Castellon Green Hydrogen joint venture between Iberdrola and BP completed construction and began commissioning on 25 MW green hydrogen plant at BP's Castellon refinery in Spain. Facility to produce ~2,800 tonnes green hydrogen annually using PEM electrolyzers from Plug Power, with up to EUR 211M in state aid approved.
• AmazonsecondaryGTM or Marketing Partner · 30 June 2026Amazon Prime partnership offering BP fuel discounts - $0.50 per gallon at over 7,500 BP, Amoco, ampm, and Thorntons stations during July 4th promotional period (July 2-5, 2026). Standard Prime fuel savings of $0.10 per gallon year-round.
• ONGC (Oil and Natural Gas Corporation)coreStrategic or Co-development Partner · 25 June 2026BP signed a Technical Services Contract with India's ONGC to serve as Technical Services Provider for Western Offshore Basin fields (43 blocks), expanding on prior Mumbai High collaboration. BP receives fixed fee for two years followed by revenue-linked service fee tied to incremental production gains.
• ADNOC (Abu Dhabi National Oil Company)coreStrategic or Co-development Partner · 24 June 2026BP acquired 10% stake in the Bab Gas Cap project in Abu Dhabi, marking its first entry into upstream gas resources in Abu Dhabi. ADNOC holds 60% as operator. The project is expected to produce up to 1.5 billion cubic feet of gas per day from the Bab onshore field.
• Azule Energy (Eni-BP Joint Venture)coreStrategic or Co-development Partner · 22 June 2026Azule Energy is a 50-50 joint venture between Eni and BP established in 2024, holding interests in Angolan upstream assets including the Greater PAJ offshore development project with estimated investment of $5.1 billion. The JV awarded a $1 billion contract to Saipem for the Greater PAJ development covering 180km of pipelines in water depths up to 2,000 meters.
• Uzbekistan / SOCAR Joint ProductionminorStrategic or Co-development Partner · 22 June 2026BP and SOCAR signed production-sharing agreement for six blocks in Uzbekistan's western North Ustyurt region, with BP acquiring 40% participating interest. Uzbekistan seeking to attract Western energy investment amid declining production from aging fields.
• DeepOceanminorImplementation/ SI/ Consulting Partner · 19 June 2026DeepOcean contracted by BP for decommissioning and recycling of subsea equipment at the Foinaven oil field offshore Shetland Islands. Contract covers removal of ten flexible process risers, three dynamic subsea umbilicals, and associated components.
• X ConvenienceminorChannel Partner/ Reseller/ Distributor · 21 May 2024BP announced plans to acquire X Convenience petrol stations, expanding retail footprint in existing markets.
• GETEC ENERGIE GmbHminorStrategic or Co-development Partner · 17 January 2024BP announced acquisition of GETEC ENERGIE GmbH to expand energy services to commercial and industrial clients in Europe, strengthening BP's integrated energy portfolio.
• Blueprint PowerminorStrategic or Co-development Partner · 7 October 2021BP acquired New York startup Blueprint Power developing technology for turning commercial buildings into renewable energy assets, as part of BP's strategy to invest selectively in lower-carbon solutions.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Phillips 66: US-based integrated downstream and midstream major with refining, marketing, and chemicals operations. Overlaps with BP in US fuels marketing, refining economics, and midstream logistics.
• ConocoPhillips: Large independent E&P with significant US unconventional and global conventional exposure. Less downstream/retail overlap with BP but competes for the same upstream acreage and capital.
• Repsol S.A. Integrated Spanish energy major with overlapping upstream, refining (close to BP's Castellón), and retail networks in Iberia. Comparable European refining footprint and EV charging investments.
• Marathon Petroleum Corporation: Largest US independent refining and marketing company. Direct competitor in US refining and wholesale/retail fuels, and co-defendant with BP in the California AI price-fixing lawsuit.

Direct peers

• Shell plc: Direct integrated supermajor peer with comparable upstream, refining, trading, and retail fuel station networks. Both are UK-domiciled oil majors with global footprints, NOC partnerships, and ongoing energy transition programs.
• ExxonMobil Corporation: Largest Western integrated supermajor and the most direct competitor across upstream production, refining, and retail (Mobil/Esso). Co-named with BP in the DOJ price-gouging investigation and California AI pricing lawsuit.
• Chevron Corporation: US integrated supermajor with comparable upstream, midstream, refining, and marketing operations. Direct competitor in Gulf of Mexico upstream and US retail fuels, and co-named in the DOJ price-gouging investigation.
• TotalEnergies SE: European integrated supermajor with similarly diversified upstream, refining, trading, and retail operations, plus a more advanced renewables and LNG platform. Comparable in scale, geographic reach, and NOC-partnered growth strategy.
• Eni S.p.A. Italian integrated oil and gas major and BP's 50/50 partner in Azule Energy in Angola. Competes directly in upstream and gas/LNG globally, with similar NOC-partnered growth model and energy transition investments.
• Equinor ASA: Norwegian integrated energy company and BP's partner/divestiture counterparty (Bay du Nord transaction). Competes in offshore upstream, gas, and renewables with comparable deepwater expertise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BP_plc
• YouTubeyoutube.com/bp
• Facebookfacebook.com/BP
• LinkedInlinkedin.com/company/bp
• Instagraminstagram.com/bp_plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A18 records

Investments32 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BP