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BP is the
third largest global energy and fourth largest Company in the
world with its oil fields and refineries in Alaska and the North
sea BP was founded in 1909 by William Knox ‘D’, Arcy. The
British government was for many years BP's largest single
stockholder, but by the late 1980s it had turned over the
company to private ownership. The company is headquartered in
London. BP having its oil and exploration projects in 29
countries, production plants in 23 countries and owns 27,800
petrol stations. The company also owns 23 refineries and 32
chemical manufacturing plants around the world. The workforce
of BP is more than 100000. BP is the largest oil and gas
producer in U.S. BP operates in six major markets of Europe,
America, Asia, Australia and Africa, more than 70% profit
generated in Europe and Asia.
Financial results of the Company
Profitability ratios
Three things have happened. First, years of high prices have an impact on oil demand. Oil demand growth in OECD started to
slow down in 2006 and 2007, when prices moved up rapidly, long before anyone was worried about the financial crisis and the
global recession. The impact is most clear in the U.S.. Over the first 9 months of this year, US oil consumption declined by 1.2
million barrel a day, the largest fall since 1980/81.
Liquidity ratios: