Bp Oil Company Net Worth (Updated 2026).

BP, originally known as British Petroleum, was founded in 1909, when the Anglo-Persian Oil Company began operations in Iran. This marked the beginning of a career that would span over a century, transforming the company into a global energy leader.

BP’s rise to fame can be attributed to several strategic moves. In the 1920s, it became the first company to export oil from the Middle East, establishing a significant presence in the region. The company’s growth accelerated in the 1960s and 1970s, as it expanded into new markets, including the United States and the North Sea. By the 1990s, BP had become one of the world’s largest oil and gas companies, with operations in over 100 countries.

BP’s Current Net Worth (2025)

As of 2025, BP’s current net worth is approximately $115 billion, according to the latest available information. This figure reflects the company’s significant global operations and investments in the energy sector.

BP’s Career

BP, originally known as the Anglo-Persian Oil Company, was established in 1909. It has since grown into one of the world’s largest oil and gas companies, operating in over 70 countries. BP has a strong track record in exploration, production, refining, and marketing, with a workforce of around 70,000 employees.

BP’s Other Ventures

In recent years, BP has been diversifying its business to include renewable energy. It has invested in wind farms, solar power, and biofuels. BP also offers charging services for electric vehicles through its BP Pulse subsidiary. Additionally, BP has a significant trading and shipping arm, BP Trading & Shipping, which handles the company’s global oil and gas trading activities.

BP’s Assets

BP’s assets are vast and varied, including oil and gas fields, refineries, petrochemical plants, and renewable energy facilities. As of 2021, BP’s proven reserves totaled 18.7 billion barrels of oil equivalent. The company also owns extensive infrastructure, such as pipelines, storage tanks, and retail networks, with over 18,000 retail sites worldwide.

BP’s Annual Income

In 2021, BP’s reported annual revenue was $258.2 billion, a significant increase from the previous year. This growth can be attributed to higher oil and gas prices, as well as increased production. BP’s net profit for 2021 was $12.8 billion, reflecting the company’s strong financial performance.

Frequently Asked Questions about  Bp Oil Company

Frequently Asked Questions: BP Oil Company Net Worth

1. What is BP’s primary business?

BP is an international energy company that operates in the oil and gas industry. It’s involved in various aspects of the business, including exploration, production, refining, marketing, and trading of oil and gas. BP also has a significant presence in renewable energy and low carbon technologies.

2. When was BP founded?

BP was founded in 1909 as the Anglo-Persian Oil Company. It was later renamed to British Petroleum in 1954, and finally to BP p.l.c. in 2005.

3. Where is BP’s headquarters located?

BP’s headquarters are in London, UK. However, it operates globally with significant operations in the United States, Europe, Asia, and other parts of the world.

4. Who is the current CEO of BP?

Bernard Looney is the current CEO of BP. He succeeded Bob Dudley in February 2020.

5. What is BP’s net worth?

BP’s latest estimated net worth is approximately $100 billion.

6. How many employees does BP have?

As of 2021, BP employs around 70,000 people worldwide.

7. What are some of BP’s notable acquisitions?

BP has made several notable acquisitions over the years. Some of the most significant ones include the acquisition of Amoco in 1998, ARCO in 2000, and Castrol in 2000. More recently, BP acquired a 40.5% stake in Rosneft, the Russian oil company, in 2013.

8. How has BP been involved in renewable energy?

BP has been increasingly involved in renewable energy in recent years. It has invested in wind farms, solar projects, and biofuels. In 2020, BP announced its ambition to become a net zero company by 2050 or sooner, and to increase its investment in low carbon technologies to $5 billion a year by 2030.

9. What is the Deepwater Horizon incident and how did it impact BP?

The Deepwater Horizon incident was an oil spill in the Gulf of Mexico in 2010, following an explosion on an offshore drilling rig leased to BP. The incident resulted in the deaths of 11 workers and caused significant environmental damage. It also had a substantial financial impact on BP, with the company estimating its total costs related to the incident to be around $61.6 billion as of December 31, 2020.

10. What are some of BP’s major ongoing projects?

BP has several major ongoing projects, including the Mad Dog Phase 2 project in the Gulf of Mexico, the Khazzan and Ghazeer tight gas projects in Oman, and the Tangguh LNG project in Indonesia. BP is also involved in various renewable energy projects, such as offshore wind farms in the UK and the US.