BP PLC Profile
BP PLC is one of the largest oil and gas companies in the world. The company is based out of London and can trace its history back to 1908. BP was originally founded as the Anglo-Persian Oil Company, a subsidiary of Burmah Oil Company, after a grant for the British to drill for oil in Iran. The company would continue to expand, establishing a shipping subsidiary British Tanker Company and a shale oil producer Scottish Oils in the following decade. BP would continue to grow through the following years, officially becoming the British Petroleum Company in 1954, and would diversify into many other businesses including coal and minerals. At the turn of the millennia, BP would become the third largest oil company in the world under the leadership of John Browne. The company now has operations in 80 countries around the world with well over three quarters of a hundred thousand employees. BP is currently the sixth largest oil and gas company in the world and the fifth largest company in terms of total revenue. The company is led by Chairman Carl-Henric Svanberg and CEO Robert W. Dudley and produces an annual revenue of over $350 million annually with a profit of over $4 billion per year. BP operates in three major segments; its upstream segment, which deals with field exploration and development as well as storage and processing; the downstream segment, which deals with the refinery and manufacturing processes; and rosneft, which deals with the exploration and production of hydrocarbons. The company invests in a variety of companies across many sectors with its top holdings including State Street Corp., Franklin Resources Inc., Barrow Hanley Mewhinney & Strauss LLC, Dimensional Fund Advisors LP, Invesco LTD., Bank of America Corp., Managed Account Advisors LLC., Pzena Investment Management LLC, and FMR LLC, among many others.