BRITISH PETROLEUM COMPANY

We select this company because it is a worldwide company and its financial position is very strong. British Petroleum, is a British multinational oil and gas company headquartered in London, England, United Kingdom. It is the fifth-largest energy company by market capitalization. The fifth-largest company in the world measured by 2012 revenues, and the sixth-largest oil and gas company measured by 2012 production. It is one of the six oil and gas supermajors. BP is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, marketing, petrochemicals, powergeneration and trading. It also has renewable energy activities in biofuels and wind power. Financial position of British Petroleum: In 2012, the revenue is US $388.285 billion and operating income is US $19.733 billion. The profit is US $11.816 billion. It has 85700 employees. BP is trading in LSE, NYSE, FWB. It is a worldwide company.. It had a market capitalization of 85.2 billion as of April 2013, Attributable to BP shareholders 11,582 and Minority interest 234. As of December 2012, BP had operations in over 80 countries, produced around 3.3 million barrels per day of oil equivalent, had total proved reserves of 17 billion barrels of oil equivalent and had around 20,700 service stations. Its largest division is BP America, which is the secondlargest producer of oil and gas in the United States. BP owns a 19.75% stake in the Russian oil major Rosneft, the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index; It has secondary listings on the Frankfurt Stock Exchange and the New York Stock Exchange. The three largest oil companies are BP, ExxonMobil, and Royal Dutch Shell. BP's businesses are organized to deliver the energy products and services people around the world need right now. Its Upstream segment is responsible for our activities in oil and natural gas exploration, field development and production. Our Downstream segment is the product and service-led arm of BP, focused on fuels, lubricants and petrochemicals BP aim to create value for shareholders by helping to meet growing demand for energy in a responsible way. Their activities also generate jobs, investment, infrastructure and revenues for governments and local communities. We operate in over 80 countries.

PETROLEUM INDUSTRY
We select this industry because It accounts for one-fifth of UK annual investment. Petroleum is vital to many industries, and is of importance to the maintenance of industrial civilization in its current configuration, and thus is a critical concern for many nations. Oil and gas provide energy and essential chemicals for our transport, industry and homes, and earn valuable tax and export revenues to support the British economy .It provides three quarters of the UK's primary energy. It provides employment for 380,000 people. It has invested 150 billion over the last 25 years. It has paid 150 billion in taxes since the 1970s. It adds 4 billion a year to balance of payments. Oil accounts for a large percentage of the worlds energy consumption, ranging from as low of 32% for Europe and Asia, up to a high of 53% for the Middle East. Other geographic regions consumption patterns are as follows: South and Central America 44%, Africa 41%, and North America 40%. The world consumes 30 billion barrels 4.8 kmof oil per year, with developed nations being the largest consumers.
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