BP

:This article is about the corporation known as BP. See also BP (disambiguation)

Present

British Petroleum merged with Amoco (Formerly Standard Oil of Indiana), in December 1998, becoming BPAmoco until 2002, when it was renamed BP, with no meaning given to the letters. Most Amoco gas stations in the United States are in the process of changing the look and name to BP. However in some states, BP is selling Amoco-branded gasoline (while the name of the station itself is BP). In 2000, British Petroleum also acquired Arco (Atlantic Richfield Co.) and Burmah Castrol plc.

Related Topics:
Amoco - 1998 - 2002 - Gas stations - Arco (Atlantic Richfield Co.) - Burmah Castrol

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On March 23, 2005, an explosion occurred at a petroleum refinery in Texas City, Texas, that belonged to BP. It is the third largest refinery in the United States and one of the largest in the world, processing 433,000 barrels of crude oil per day and accounting for 3% of that nation's gasoline supply. Over 100 were injured, and 15 were confirmed dead, including employees of the Fluor Corporation as well as BP. BP has since accepted that its employees contributed to the accident by leaving octane for petrol unit unsupervised. The pressure in the units then reached unsustainable levels leading to the explosion. http://news.bbc.co.uk/2/hi/business/4557201.stm

Related Topics:
March 23 - 2005 - Texas City - Texas - Fluor Corporation

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BP America, the United States arm of BP, was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.

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Image

In 2002 the company was renamed BP, with no meaning given to the letters. Its new slogan, "Beyond Petroleum", was accompanied by the rebranding of its famous "Green Shield" logo in favour of the helios symbol (a green and yellow sunburst) to emphasise the company's focus on environmentally friendly fuels and alternative energy. This is intended to move BP away from the negative environmental image of most oil companies.

Related Topics:
Rebranding - Helios - Alternative energy

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BP is a leading producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. It has over 30 years experience operating in over 160 countries with manufacturing facilities in the U.S., Spain, India and Australia and has more than 2000 employees worldwide.

Related Topics:
Solar panel - U.S. - Spain - India - Australia

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In February 2002 BP's chief executive, Lord Browne, renounced the practice of corporate campaign contributions, noting: "That's why we've decided, as a global policy, that from now on we will make no political contributions from corporate funds anywhere in the world." http://www.guardian.co.uk/Archive/Article/0,4273,4365524,00.html

Related Topics:
Chief executive - Lord Browne - Campaign contributions

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In March 2002 BP's chief executive, Lord Browne, declared in a speech that global warming was real and that urgent action was needed, saying that "Companies composed of highly skilled and trained people can't live in denial of mounting evidence gathered by hundreds of the most reputable scientists in the world.".http://www.mindfully.org/Industry/BP-How-Green8dec02.htm In 2005 BP was considering testing carbon sequestration in one of its North Sea oil fields, by pumping carbon dioxide into them (and thereby also increasing yields).http://observer.guardian.co.uk/uk_news/story/0,6903,1469010,00.html

Related Topics:
Chief executive - Lord Browne - Global warming - Carbon sequestration - North Sea - Carbon dioxide

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In 2004, BP began marketing low-sulphur diesel fuel for industrial use. BP is committed to creating a network of hydrogen fuelling station in the state of California.

Related Topics:
Sulphur - Diesel - Hydrogen - California

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However, BP's image has been tarnished somewhat by its involvement with the controversial Baku-Tbilisi-Ceyhan pipeline, criticised for human rights abuses, environmental and safety concerns.

Related Topics:
Baku-Tbilisi-Ceyhan pipeline - Human rights abuses

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