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Global 500

Ronaldo Schemidt—AFP/Getty Images

8

BP

BP

Britain

The UK-based energy supermajor jumped four spots—and edged ahead of rival Exxon Mobil—on this year’s list, thanks to the company’s rising production levels and the recovery in oil prices. Revenues increased 30% and profits soared from $115 million to $3.4 billion, making it a banner year for a company that, eight years later, continues to deal with the fallout from its Deepwater Horizon oil spill. The company also enjoyed its most successful year of exploration since 2004, and continues to diversify through investment in renewables.

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CEO

Robert W. Dudley

Sector

Energy

Industry

Petroleum Refining

HQ Location

London

Website

Years on Global 500 List

24

Employees

74,000

Figures prepared in accordance with International Accounting Standards.Excise taxes have been deducted.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$244,58231.1%
Profits ($M)$3,389.02,847.0%
Assets ($M)$276,515
Total Stockholder Equity ($M)$98,491
Profit Ratios
Profit as % of Revenues1.4%
Profits as % of Assets1.2%
Profits as % of Stockholder Equity3.4%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about BP

Big Oil Firms Just Notched Another Victory Against Cities Suing Over Their Role in Climate Change

Government has to deal with the problem, said the judge. With the Trump EPA, that's unlikely.

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Big Oil Scores Victory Against California Climate Change Lawsuit

The suit called for an abatement fund that would go toward cities affected by flooding.

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Shell Profits Jump Past Expectations as It Figures Out the New World of Low Oil Prices

BP also revived share buybacks this week in a sign that austerity had paid off.

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BP Signals the End of the Bad Times for Big Oil

Share buyback shows it can finally meet its cash commitments

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