General presentation of BP
Before you buy BP shares or attempt to trade them online, you will need to assess the company's ability to accelerate its growth in the coming years. In order to do this, you need to know a lot about the company, its activities and business segments, and how it generates its revenues. To help you do this, here is a comprehensive overview of the company, which is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE100 index.
BP Plc is a British company active in the energy sector. More specifically, it is currently one of the world's leading oil companies.
In order to better understand the activities carried out by the BP Group, it is possible to divide them into different divisions according to the share of turnover they generate and in this way:
- First of all, the activities related to oil refining and distribution represent the major part of the group's revenues with more than 89.8% of the turnover. Indeed, each year, the BP Group markets around 8.7 million barrels of crude oil and barrels of refined products. To achieve these figures, the group owns and operates 13 refineries, 3 of which are located in the United States, and a network of more than 18,900 service stations, of which more than 7,800 are in the United States.
- Another 9.9% of BP's turnover comes from activities related to the exploration and production of hydrocarbons. This involves more than 1,288,000 barrels of oil per day and 221.5 million m3 of natural gas per day.
- The remaining 0.3% of sales are from ancillary activities.
At present, more than 67.9% of BP's turnover is generated internationally.