BP
The British energy giant fell one spot on this year’s list, as revenue dropped 7% to $283 billion, and profits dropped 57% to $4 billion, thanks to weak oil prices. So far 2020 has been marked by hits and misses. In February, BP’s new CEO, Bernard Looney, said it would become one of the first major oil and gas companies to target net-zero emissions by 2050, and that the company has since begun to lay out its plan to reduce emissions. It's still struggling with the COVID hit to energy demand, however. In June the company announced plans to lay off 10,000 employees and write off $17.5 billion in assets.
Lauren Justice—Bloomberg/Getty Images
Company Information
As of 11/8/23
Country/Territory
Britain
Headquarters
London
Industry
Petroleum Refining
CEO
Murray Auchincloss
Website
Company Type
Public
Ticker
BP
Revenues ($M)
$248,891
Profits ($M)
$-2,487
Market Value ($M)
$111,036
Employees
67,600
Figures prepared in accordance with International Accounting Standards. Market value as of Oct. 23, 2023.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$248,891
51.6%
Profits ($M)
$-2,487
-132.9%
Assets ($M)
$288,120
-
Total Stockholder Equity ($M)
$67,553
-
Profit Ratios
Profit as % of Revenues
-1%
Profits as % of Assets
-0.9%
Profits as % of Stockholder Equity
-3.7%
