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BP, formerly known as British Petroleum, is one of the world's 'supermajor' oil and gas companies with a history spanning over a century. Founded in 1909 as the Anglo-Persian Oil Company following a major oil discovery in Iran, the company served as a strategic asset for the British Empire throughout the 20th century. Over the decades, it evolved through major mergers, most notably with the American giant Amoco in 1998, which significantly expanded its retail and production footprint in the United States.
As of 2026, BP operates as a vertically integrated energy provider, managing everything from upstream exploration and extraction to downstream refining and retail marketing. While it has invested heavily in renewable 'transition engines' like BP Pulse for electric vehicle charging and bioenergy, the company recently underwent a 'Great Realignment' under CEO Meg O'Neill to focus on its high-profit hydrocarbon roots. Its products, including gasoline, diesel, and aviation fuels, are produced via a global network of refineries and production facilities located across Europe, the Americas, and Asia.
Ownership of the brand remains with BP p.l.c., a public company headquartered in London and traded on the London and New York Stock Exchanges. Despite divestments of certain brand stakes, such as a majority share in Castrol to Stonepeak in early 2026, BP continues to manage its core retail identity globally, maintaining thousands of service stations that serve as primary customer-facing endpoints for its energy products.
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