BP (British Petroleum)

Profile

Summary

BP (formerly British Petroleum) is a fossil fuel exploration company that was founded in 1909 to drill for oil in Iran (then known as Persia). It has been responsible for numerous catastrophic accidents around the world such as the death of 13 workers when its Sea Gem oil rig collapsed in the North Sea in 1965; a 2005 explosion at its Texas City refinery that killed 15; and most recently, the death of 11 people on the Deepwater Horizon oil rig in the Gulf of Mexico in 2010, that also caused lasting damage to the ocean environment.

Products

petroleum, natural gas, motor fuels, aviation fuels, petrochemicals

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
environment-related offenses$27,849,067,759205
financial offenses$525,000,0001
competition-related offenses$333,367,1694
consumer-protection-related offenses$255,315,0002
government-contracting-related offenses$160,001,8005

(May 9, 2021) 

Number of Records
283
Total Penalties
$29,196,927,856 (May 9, 2021)
Individual Records & Summaries
Click here for details of BP's violations.
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive

BP fights to blow away gas market rigging case

Published by
Gregory Meyer and Ed Crooks in New York
|

The weekend before the Lehman Brothers collapse unleashed a financial cyclone, a real one made landfall on the Gulf of Mexico.

Hurricane Ike tore across the Texas coast on September 13 2008, knocking out much of the region’s oil and natural gas production.

Read more
Videos & Podcasts
'Creepy BP' protest at British Museum
BP MUST FALL – Protest at British Museum February 2020
Protest against BP over oil spill in the Gulf Coast - San Francisco, 5/12/2010

 

Books
  • Adventure in Oil: The Story of British Petroleum by Henry Longhurst (Sidgwick and Jackson, 1959).
  • Drowning in Oil: BP and the Reckless Pursuit of Profit by Loren C. Steffy (McGraw-Hill, 2011).
  • Some Common Concerns: Imagining BP’s Azerbaijan-Georgia-Turkey Pipelines System by PLATFORM et al. (2002).
  • The History of the British Petroleum Company: The Developing Years, 1901-1932 by R.W. Ferrier (Cambridge University Press, 1982).
  • The Seven Sisters: The Great Oil Companies and the World They Made by Anthony Sampson (Viking Press, 1975).
  • Green Words, Dirty Deeds: A PIRG Expose of BP Amoco's Greenwashing by Athan Manuel of the U.S. Public Interest Research Group Education Fund (October 1999).

Historical Refernces

Britain’s first North Sea oil rig collapses

Julian Gavaghan | Yahoo News | December 24, 2013

December 27, 1965: Britain’s first ever North Sea oil rig collapsed and killed 13 men during a bitter snowstorm and 20ft-high waves on this day in 1965.

Tanker Spills Crude Oil Off Huntington Beach

Steven Churm | Los Angeles Times | February 8, 1990

An estimated 6,000 barrels of crude oil spilled into the Pacific on Wednesday night after an oil tanker apparently hit its own anchor, opening a hole in its hull while attempting to moor about two miles off Huntington Beach.

Activism

Recent & Ongoing Campaigns
Greenpeace stage ‘socially distanced protest’ at BP AGM

Allister Thomas | Energy Voice | May 27, 2020

Greenpeace is staging a “socially distanced protest” outside BP’s London headquarters as the energy giant is due to begin its annual general meeting.

Activists try to occupy British Museum in protest against BP ties

Aaron Walawalkar | The Guardian | February 8, 2020

Dozens of activists have coated themselves in plaster and are trying to occupy the British Museum overnight in a bid to pressure the institution to cut ties with oil corporation BP.

Climate protests shut BP's London headquarters on CEO's first day

Ron Bousso | Reuters | February 5, 2020

Climate protesters forced BP to temporarily shut down its London headquarters on Wednesday, the first day in office for the oil and gas company's new CEO Bernard Looney.

BP's "Beyond Petroleum" Campaign Losing its Sheen

Anne Landman | PR Watch | May 3, 2010

Back in July, 2000, British Petroleum launched a high-profile, $200 million public relations ad campaign designed by Ogilvy & Mather to position the company as environmentally-friendly.

Major Investigations
& Lawsuits
Investigation into 2010 BP oil spill finds failures, poor testing and ongoing risks

The Guardian | June 5, 2014

A federal board investigation into the 2010 BP oil spill concludes that a last-ditch safety device on the underwater well had multiple failures, wasn't tested properly and still poses a risk for many rigs drilling today.

Deepwater Horizon Accident Investigation Report SEC

United States Securities Exchange Commission | September 8, 2010

This is the report of an internal BP incident investigation team. The report does not represent the views of any individual or entity other than the investigation team. The investigation team has produced the report exclusively for and at the request of BP.

 

Employment Practices
BP protest... Labor Beat video shows Refinery Strikers Protest at Chicago BP Headquarters...

Larry Duncan | Substance News | March 25, 2015

n March 19, 2015 a big contingent of striking BP refinery workers from Whiting, IN put on a protest rally in front of the multi-billion dollar corporation's Chicago headquarters in the Chicago Mercantile Exchange building. They were from USW Local 7-1, which includes about 1,100 members. They were joined by members from they Chicago Teachers Union.

 

Financials

Corporate Headquarters
1 St James's Square, St. James's, London SW1Y 4PD, United Kingdom
Most Recent Gross Revenue
$282.616 billion (2019) | source
Most Recent Net Revenue
$4.025 billion (2019) | source
Stock Exchange Tickers
LSE: BP, FWB: BPE, NSYE: BP
Subsidiaries

Note: Most recent list is not always the most complete list.

Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.

Major Shareholders

Click here for the latest list.

Political Spending

OpenSecrets.org Profile of BP (British Petroleum)

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Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details of subsidies received by BP.
Tax Havens
& Evasions
Special Report: How oil majors shift billions in profits to island tax havens

Tom Bergin, Ron Bousso | Reuters | December 9, 2020

Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc.

How BP avoids paying any tax in the UK

Behind the Logo | August 1, 2019

It’s defenders often claim that it pays large amounts of tax in the UK, so we all benefit from its business activities.

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