BP’s business model is to create value across the entire hydrocarbon value chain. This starts with exploration and ends with the supply of energy and other products that are fundamental to everyday life At each stage of the hydrocarbon value chain there are opportunities for us to create value – both through the successful execution of activities that are core to our industry, and through the application of our own distinctive strengths and capabilities in performing those activities. Our activities are focused on finding, developing and producing essential sources of energy, and turning these sources into products that people need. We provide our customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items like plastic bottles. We also invest in renewable energy sources, which we believe will be an increasing source of value for BP. Our activities are focused on bio fuels and wind. As a global group, our interests and activities are held or operated through subsidiaries, branches, joint ventures or associates established in – and subject to the laws and regulations of – many different jurisdictions.
BP’s distinctive capabilities and sources of value
By operating across the full hydrocarbon value chain we believe we can create more value for shareholders, as benefits and costs can often be shared by our two segments. We can develop shared functional excellence more efficiently in areas such as safety and operational risk, environmental and social practices, procurement, technology and treasury management.
Company profile for BP
BP is a UK and US registered company that is vertically integrated to find, extract and supply oil, natural gas and petroleum. Part of the sixth largest non state-owned energy companies, BP also owns a convenience store chain that is attached to their gas stations. It also invests in and...