1. BP sell refined petroleum products including gasoline, diesel and aviation fuel. It also provide customers with fuel for transport, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items. The Upstream segment markets and trades natural gas, and is responsible for its activities in oil and natural gas exploration, field development and production, storage and processing. The Downstream segment is responsible for the refining, manufacturing, marketing, transportation, supply and trading of crude oil, petroleum, petrochemicals products.

2. British Petroleum is one of the world’s seven oil and gas supermajors oil companies whose performance in 2012 made it the world’s sixth-largest oil and gas company, the sixth-largest energy company by market capitalization and the company with the world’s 12th-largest revenue. BP market capitalization as of November 07, 2018 is $141.88B. BP is the third largest publically traded oil company ranking behind two of its major competitors: Exxon and Shell. BP is the largest gas producer on the United States.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

4. British Petroleum’s realized prices have gone up significantly over the past year, with realized liquid prices of almost $50 per barrel and realized gas prices of almost $3 per MCF. The company over the past year has significantly increased volumes overall, both with and without its large Rosneft (OTCPK:RNFTF) stake. Looking at the company’s on-Rosneft stake, the company produced almost 2.5 million barrels of oil. Over the past year, the company increased its volumes by 20%. This resulted in replacement cost profits before interest and taxes of more than $1.6 billion in 3Q 2017. This annualizes to more than $6 billion fairly respectable for a downcycle company with a market cap of more than $100 billion.