Vintage photo of BP's head office at Britannic House Skyscraper in London

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BP won cautious praise from climate campaigners in 2020 after setting out a “net zero carbon” plan that included a goal to cut the company’s oil and gas production by 40%, compared with 2019, by the end of the decade. But it reset the target to 25% by 2030 after reporting the highest profits in its 114-year history thanks to soaring oil and gas prices linked to the Ukraine war. BP's major subsidiary in the United States is BP America, Inc. (formerly: Standard Oil Company (Ohio) and Sohio) based in Houston, Texas. [196] BP Exploration & Production Inc., a 1996 established Houston-based subsidiary, is dealing with oil exploration and production. [197] BP Corporation North America, Inc., provides petroleum refining services as also transportation fuel, heat and light energy. [198] BP Products North America, Inc., a 1954 established Houston-based subsidiary, is engaged in the exploration, development, production, refining, and marketing of oil and natural gas. [199] BP America Production Company, a New Mexico-based subsidiary, engages in oil and gas exploration and development. [200] BP Energy Company, a Houston-based subsidiary, is a provider of natural gas, power, and risk management services to the industrial and utility sectors and a retail electric provider in Texas. [201] The third factor that influenced bp’s recent strategic update was bp’s strong financial, operational and strategic performance. In contrast, Resolution 25 has been filed by a group of shareholders co-ordinated by the activist group Follow This.

In 2018, BP acquired Chargemaster, which operated the UK's largest electric vehicle charging network. [156] In 2019, BP and Didi Chuxing formed a joint venture to build out electric vehicle charging infrastructure in China. In September 2020, BP announced it will build out a rapid charging network in London for Uber. [157] Inside bp we have thousands of scientists, engineers, economists and all kinds of other experts with the skills the world needs to reimagine energy. The start of production of Clair Ridge follows the start-up earlier in 2018 of five other Upstream major projects: Atoll Phase One, offshore Egypt, Shah Deniz 2 gas development in Azerbaijan, TAAS expansion project in Russia, Western Flank B offshore Western Australia and Thunderhorse Northwest Expansion in the Gulf of Mexico. Today, thousands of London EV drivers on Uber use bp pulse for their charging needs, averaging over 2500 charges per week on more than 1000 different charge points this year. The relationship includes access to charge points at bp pulse charging hubs in London’s Park Lane and Kentish Town. The two businesses continue to work together to identify the best locations for charging hubs for the benefit of Uber drivers and the wider EV community. Whether you are among those who have stayed with bp as we continue our transition to become an integrated energy company.

12. bp - London Borough of Camden

In 2007, BP formed with AB Sugar and DuPont a joint venture Vivergo Fuels which opened a bioethanol plant in Saltend near Hull, United Kingdom in December 2012. [107] Together with DuPont, BP formed a biobutanol joint venture Butamax by acquiring biobutan technology company Biobutanol LLC in 2009. [108]

The National Portrait Gallery reserves the right to withdraw or amend the competition as necessary due to circumstances outside its control. Once the deal completes, BP will hold a 45.1% interest in Clair and ConocoPhillips will retain a 7.5% interest.Uber and bp will initially focus on collaborating in a number of key markets including Europe, the US and UK to support Uber’s 2030 targets, with other countries including Australia and New Zealand to follow. Regional teams from the two companies will now work together to offer drivers on Uber’s platform bespoke access to bp pulse’s high speed charging network, including special offers. Lund also faced growing dissent from BP investors angered by the company’s decision to weaken its climate policies, with almost 10% of shareholders voting against his re-election as chair. That compares with just 3% who voted against him last year. In February 2022, BP announced it acquired a 30% stake in the London-based company, Green Biofuels Ltd, a producer of renewable hydrogenated vegetable oil fuels that can be used as a direct replacement for diesel. [191] United States [ edit ] The headquarters of BP America in Westlake Park, Houston The Thunder Horse PDQ semi-submersible oil platform in the Thunder Horse Oil Field Bernard Looney, BP Chief Executive Upstream, said: “The start-up of Clair Ridge is a culmination of decades of persistence. Clair was the first discovery we made in the West of Shetland area in 1977. But trying to access and produce its seven billion barrels proved very difficult. We had to leverage our technology and ingenuity to successfully bring on the first phase of this development in 2005.