The British multinational oil and gas company has a long history, dating back to 1908. Vertically integrated, the company operates in all areas related to oil and gas.The company has been directly involved with a number of environmental disasters and safety scandals in the last decade. The Deepwater Horizon oil spill was the largest oil spill in modern history. From exploring new forms of energy to power generation and trading, their wide reach has been an advantage but the company has yet to fully recover from environmental scares. Looking to the future, BP seems to be thinking about restructuring operations and spinning off some of the pipeline operations.
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News about BP
BP also revived share buybacks this week in a sign that austerity had paid off.
But Theresa May has watered down two key promises
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The oil price crash appears to be over.