BP Plc (BP), commonly known as BP, is one of the world’s largest integrated oil and gas companies. The company is involved in almost every step of the oil and gas supply chain, from exploration to the sales and marketing of energy products.BP also produces renewable energy through its own wind farms and produces various petrochemical products.
Most consumers understand BP through its gas station and retail concepts. But you may not know that it has a series of companies and brands that belong to its unique portfolio. This article outlines the brief history of the company itself and introduces its top five companies.
- BP is a large integrated oil and gas company that also owns a series of brands related to its gas station business.
- Castrol produces industrial and automotive lubricants for the international market.
- Aral AG is the owner of Aral brand gas stations in Germany and Luxembourg.
- BP America owns most of ARCO’s assets and convenience store chains.
- BP acquired Amoco, the largest oil and gas producer in the United States.
- Wild Bean Cafe operates in cooperation with some foreign gas stations.
The history of BP can be traced back to the early 1900s. The company is headquartered in London and was founded by William D’Arcy in 1909, one year after the discovery of oil in the Middle East.ofBP has a footprint in 70 countries around the world and produces 772,000 barrels of oil equivalent (BOE) per day in the United States.of
The company is probably best known for the Deepwater Horizon oil spill, which was caused by the 2010 Gulf of Mexico explosion. This is the largest oil spill in the history of the United States, spilling 134 million gallons of oil into the Gulf of Mexico and killing 11 people.The incident cost the company billions of dollars.
BP trades on the London Stock Exchange (LSE), Frankfurt Stock Exchange (FRA) and New York Stock Exchange (NYSE). It is also one of the components of the FTSE 100 Index. Many investors favor BP’s stock because of the dividends it pays. In the second quarter, BP paid investors 0.3150 cents per American Depositary Share (ADS).
Now let’s take a look at the largest company under BP.
Castrol is a UK-based manufacturer of industrial and automotive lubricants for the global market. The company was founded in London in 1899 by Charles Wakefield.Acquired by BP in 2002.Castrol lubricants are sold in car shops and gas stations in more than 150 countries.
It makes sense for BP to sell its own lubricants at its gas stations.Many drivers check when filling up petrol and fill it up. By selling its own lubricants at gas stations, BP makes more money from customers.
Aral is a well-known gas station brand in Germany and Luxembourg under Aral AG, a subsidiary of BP. There are approximately 2,500 Aral gas stations in Germany, making it the country’s largest chain of gas stations, with a market share of 24%.Salt water stations provide customers with fuel and diesel, and possibly natural gas and propane.
Many Aral stations also have car wash shops and retail stores. Retail stores provide convenience goods and food through Aral’s food store Petit Bistro. There are 1,200 Petit Bistros offering snacks, meals and beverages, including fresh, sustainably harvested coffee. These taverns are so popular and popular that Aral is the third largest fast food retailer in Germany after McDonald’s and Burger King.
ARCO and amplifier
In 2000, BP America acquired most of ARCO’s assets, and ARCO was merged into BP’s name. Many gas stations, even BP gas stations, still use the ARCO brand. BP also acquired the ownership of the ampm convenience store chain through this acquisition, the first store of which opened in 1978.
It is now discovered that these shops are related to ARCO and BP brand gas stations, and offer products such as instant sandwiches and snacks. Select shops even sell beer (when it is legally available). In the United States, there are approximately 950 Ampere stores in California, Oregon, Washington, Nevada, and Arizona.
The rough number of gas stations owned by BP worldwide.
BP reintroduced Amoco to the US fuel retail industry in 2017, which is the BP brand.Amoco was originally called the Indiana Standard Oil Company, and by 1912 it became the largest natural gas producer in North America.
Amoco and BP merged in 1998, making BP Amoco the largest oil and gas producer in the United States. The combined company was renamed BP in 2001.
Wild Bean Cafe
Hungry drivers who stopped to refuel their cars can also enjoy take-out food and freshly ground coffee to refuel at Wild Bean Cafes. These cafes are commonly found on BP Connect sites in Europe, Australia, South Africa, China, and Russia. The Wild Bean Cafe store has existed since 2001.
Although BP is not the direct owner, it is the largest shareholder of Rosneft (OJSCY), second only to the Russian government.Rosneft is a leader in the Russian oil industry and remains the world’s largest listed oil company.BP and Rosneft signed a joint venture agreement to develop potential resources in Eastern Siberia.
All companies under BP help the company increase revenue by selling its main products. This is obviously fuel. But the company also relies on its brand portfolio to help increase its profits. For example, customers at BP gas stations can also buy Castrol lubricants, while ampm, Wildbean Cafe, and Petit Bistros sell food and beverages to motorists who visit BP brand gas stations (including Aral).