BP is an oil and gas company that has its headquarters in London, United Kingdom but has locations throughout the world. The name BP is derived from the initials of one of the company's formal legal names, British Petroleum. BP is the third largest energy company and forth largest company in terms of revenue along with being one of the six oil and gas super majors (Tharoor, 2010). BP is active in every aspect of the oil and gas industry including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading (History of BP, 2010). It also plays a part in major renewable energy activities such as biofuels, hydrogen, solar and wind power. BP operates in over 80 countries and it produces about 3.8 million barrels of oil per day and operates 22,400 service stations worldwide (History of BP, 2010). The largest division of BP is BP America; it is the largest producer of oil and gas in the United States with commercial reserves of 18.1
Dirty South - BP Oil Spill - Gulf of Mexico
English: BP Alaska headquarters, Anchorage
English: The head office of BPbillion barrels of oil.
In 1901 and Australian-British mining entrepreneur William Knox D'Arcy was granted permission from Persia to scout for oil in the country's rugged southwest region. Eventually after seven years D'Arcy and his surveyor's struck it rich when they found and oil rich field. The British government became a major stakeholder of the company especially during World War I. BP continued to be a profitable company until World War II where they continued to supply Allied war machines. Many Iranians were not happy with the British presence, so in 1951 an essential pipeline was shut off as the U.K. and the U.S. boycotted Iran. In result Iran blocked technicians from replacing the British technicians (Tharoor, 2010). The British and U.S. feared Soviet influence, so both countries lead an intelligence operation...