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BP PLC ADS

(NY: BP)

43.29 USD +0.03 (+0.07%)

Official Closing Price / Updated: 6:40 PM EDT, Jun 18, 2013 / Add to My Watchlist

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June 18, 2013

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BP (NYSE: BP) Bets on Climate Change

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Oil majors BP (NYSE: BP) and ConocoPhillips (NYSE: COP) are investing in a carbon capture technology startup that could benefit the shale boom...

(BP) BP Plc Starts Skarv Production

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BP Plc (BP) has successfully commenced production from the Skarv field in the Norwegian Sea. The oil giant had a key operational objective of bringing the field — one of its core...(read more)

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BP (BP) Company Overview

BP (NYSE:BP) is one of the world's largest oil and gas companies in terms of production capacity and revenue. BP explores for oil and natural gas in approximately 30 countries and posses proved reserves of 18.1 billion barrels of oil equivalent. Through its 16 refineries, BP processes 4 million barrels of crude oil per day. It markets these products in 80 countries and through its network of 22,400 gas stations.^[1]

In 2010, one of BP's deepwater rigs in the Gulf of Mexico exploded, killing 11 workers and spilling millions of gallons into the Gulf of Mexico. The explosion and spill not only resulted in severe financial fines, but also hurt the company's reputation. Under CEO Robert Dudley, BP is undergoing a strategic change to pay for economic losses attributable to the explosion and improve its reputation.

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