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BP (formerly "British Petroleum" and briefly known as "BP Amoco") LSE: BP, NYSE: BP is a petroleum company headquartered in London, and one of the top four oil companies in the world (along with Shell, ExxonMobil, and Total). In December 1998, BP merged with the American Oil Company (Amoco), forming "BP Amoco". However, this move was widely viewed as a purchase of Amoco by BP, only officially described as a merger for legal reasons. Indeed, after a single year of joint operations, the two giants merged most operations and "Amoco" was dropped from the name. The newly-renamed "BP" became an initialism no longer standing for "British Petroleum", and used the tagline "Beyond Petroleum" in advertising campaigns (this perhaps to disguise the company's foreign ownership after its extensive acquisitions and increased presence in the United States, as British Aerospace became "BAE Systems" for similar reasons). Its BP Solar division has become a world-leading producer of solar panels. BP is the leading partner in the controversial Baku-Tbilisi-Ceyhan pipeline. History1909 - 1955In May 1901, William Knox D'Arcy was granted a concession by the Shah of Persia to search for oil, which he found in May 1908. This was the first commercially significant find in the Middle East. In 1909, the Anglo-Persian Oil Company was created to exploit this find. The company grew slowly until World War I when its strategic importance led the British Government to acquire a controlling interest in the company and it became the Royal Navy's chief source of fuel oil during World War I. In 1917, the war allowed it to take the British arm of the German Europäische Union, which used the trade name British Petroleum. After the war ended the company, in which the British Government now had a 51% interest, moved to secure outlets in Europe and elsewhere. but its main concern was still Persia, following the Anglo-Persian Agreement of 1919 the company continued to trade profitably in that country. In 1931, partly in response to the difficult economic conditions of the times, BP merged their marketing operations in the United Kingdom (only) with those of Shell-Mex Ltd to create Shell-Mex and BP Ltd a company that continued to trade until the Shell and BP brands separated again in 1975. There was growing dissent within Persia however at the imperialist and unfair position that APOC occupied. In 1932, the Shah terminated the APOC concession. The concession was resettled within a year, covering a reduced area with an increase in the Persian government's share of profits. Persia was renamed Iran in 1936 and APOC became AIOC, the Anglo-Iranian Oil Company. Following the turmoil of World War II, AIOC and the Iranian government resisted nationalist pressure to come to a renewed deal in 1949. In March 1951, the pro-western Prime Minister Ali Razmara was assassinated and in April, a bill was passed nationalising the oil industry and the AIOC and the Shah were forced to leave the country. The AIOC took its case against the nationalisation to the International Court of Justice at The Hague, but lost the case. However the governments of Britain and the US were concerned about the encroachment of Soviet influence in the area and assisted in a plot against the Iranian administration. They installed pro-Western General Fazlollah Zahedi as prime minister of Iran. On August 19, 1953, the incumbent Prime Minister, Mohammed Mossadeq, was forced from office and replaced by Zahedi and the Shah was recalled. The AIOC became The British Petroleum Company in 1954, and briefly resumed operations in Iran with a forty per cent share in an new international consortium. BP continued to operate in Iran until the Islamic Revolution. However, due to a large investment programme outside Iran, the company survived the loss of its Iranian interests at that time. 1960s and 1970sThe BP logo used from 1989 to 2002.From the late 1960s the company looked beyond the Middle East to the USA (Prudhoe Bay, Alaska) and the North Sea. Both of these fields came on stream in the mid-1970s transforming the company and allowing BP to weather the OPEC-induced oil price shocks of 1973 and 1979. In 1969, BP acquired the Valdez oil terminal, Alaska, from the Chugach for $1. Some natives contend that this was an illegal transfer. In the mid-1970s, BP acquired Standard Oil of Ohio or Sohio. 1980s and 1990sBP filling stationP.I. Walters (later Sir Peter Walters) was BP's chairman from 1981 to 1990. Walters promoted a movement to deintegrate company operations based solely upon economic considerations: "For me, there is no strategy that is divorced from profitability," he once remarked. Under his chairmanship British Petroleum led the oil industry away from an era dominated by vertical integration and the supply planning this required toward a corporate culture that emphasised trading and decentralisation (Daniel Yergin, The Prize [Simon & Schuster, 1991], pp. 722-23). In 1987, British Petroleum acquired Britoil and those shares of Standard Oil of Ohio (Sohio) not already owned. In 1994, BP and Petroleos de Venezuela SA (PDVSA) began marketing Orimulsion®, a bitumen-based fuel. John Browne, Lord Browne of Madingley, who had been on the board as managing director since 1991, was appointed group chief executive in 1995. PresentChief Scientist of BP, Steven Koonin (top right, with computer), speaks about the energy scene in the boardroom in 2005.British Petroleum merged with Amoco (Formerly Standard Oil of Indiana), in December 1998, becoming BPAmoco until 2002, when it was renamed BP, with no meaning given to the letters. Most Amoco gas stations in the United States are in the process of changing the look and name to BP. However in some states, BP is selling Amoco-branded gasoline (while the name of the station itself is BP). In 2000, British Petroleum also acquired Arco (Atlantic Richfield Co.) and Burmah Castrol plc.
BP America, the United States arm of BP, was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. ImageSolar panel made by BP SolarIn 2002 the company was renamed BP, with no meaning given to the letters. Its new slogan, "Beyond Petroleum", was accompanied by the rebranding of its famous "Green Shield" logo in favour of the helios symbol (a green and yellow sunburst) to emphasise the company's focus on environmentally friendly fuels and alternative energy. This is intended to move BP away from the negative environmental image of most oil companies. BP is a leading producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. It has over 30 years experience operating in over 160 countries with manufacturing facilities in the U.S., Spain, India and Australia and has more than 2000 employees worldwide. In February 2002 BP's chief executive, Lord Browne, renounced the practice of corporate campaign contributions, noting: "That's why we've decided, as a global policy, that from now on we will make no political contributions from corporate funds anywhere in the world." [2] In March 2002 BP's chief executive, Lord Browne, declared in a speech that global warming was real and that urgent action was needed, saying that "Companies composed of highly skilled and trained people can't live in denial of mounting evidence gathered by hundreds of the most reputable scientists in the world.".[3] In 2005 BP was considering testing carbon sequestration in one of its North Sea oil fields, by pumping carbon dioxide into them (and thereby also increasing yields).[4] In 2004, BP began marketing low-sulphur diesel fuel for industrial use. BP is committed to creating a network of hydrogen fuelling station in the state of California. However, BP's image has been tarnished somewhat by its involvement with the controversial Baku-Tbilisi-Ceyhan pipeline, criticised for human rights abuses, environmental and safety concerns. This page about BP includes information from a Wikipedia article. Additional articles about BP News stories about BP External links for BP Videos for BP Wikis about BP Discussion Groups about BP Blogs about BP Images of BP |
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However, BP's image has been tarnished somewhat by its involvement with the controversial Baku-Tbilisi-Ceyhan pipeline, criticised for human rights abuses, environmental and safety concerns. In February 2002 BP's chief executive, Lord Browne, renounced the practice of corporate campaign contributions, noting: "That's why we've decided, as a global policy, that from now on we will make no political contributions from corporate funds anywhere in the world." [2]. J.P. It has over 30 years experience operating in over 160 countries with manufacturing facilities in the U.S., Spain, India and Australia and has more than 2000 employees worldwide. (Holder in Trust) 0.93%. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. The Master Trust Bank of Japan, Ltd. BP is a leading producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. 0.97%. This is intended to move BP away from the negative environmental image of most oil companies. Morgan Whitefriars Inc. Its new slogan, "Beyond Petroleum", was accompanied by the rebranding of its famous "Green Shield" logo in favour of the helios symbol (a green and yellow sunburst) to emphasise the company's focus on environmentally friendly fuels and alternative energy. J.P. In 2002 the company was renamed BP, with no meaning given to the letters. The Mitsubishi Trust and Banking Corporation 1.45%. BP America, the United States arm of BP, was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. 1.63%. [1]. The Bank of Tokyo-Mitsubishi, Ltd. The pressure in the units then reached unsustainable levels leading to the explosion. DaimlerChrysler MMC Beteiligungsgesellschaft mbH 1.83%. BP has since accepted that its employees contributed to the accident by leaving octane for petrol unit unsupervised. 1.89%. Over 100 were injured, and 15 were confirmed dead, including employees of the Fluor Corporation as well as BP. Phoenix Capital Partners III Co., Ltd. It is the third largest refinery in the United States and one of the largest in the world, processing 433,000 barrels of crude oil per day and accounting for 3% of that nation's gasoline supply. Morgan Whitefriars Equity Derivative 2.22%. Most Amoco gas stations in the United States are in the process of changing the look and name to BP. Phoenix Capital Partners II Co., Ltd. British Petroleum merged with Amoco (Formerly Standard Oil of Indiana), in December 1998, becoming BPAmoco until 2002, when it was renamed BP, with no meaning given to the letters. 8.30 %. John Browne, Lord Browne of Madingley, who had been on the board as managing director since 1991, was appointed group chief executive in 1995. Mitsubishi Heavy Industries, Ltd. In 1994, BP and Petroleos de Venezuela SA (PDVSA) began marketing Orimulsion®, a bitumen-based fuel. 9.06%. In 1987, British Petroleum acquired Britoil and those shares of Standard Oil of Ohio (Sohio) not already owned. Phoenix Capital Partners IV Co., Ltd. 722-23). 11.33%. Under his chairmanship British Petroleum led the oil industry away from an era dominated by vertical integration and the supply planning this required toward a corporate culture that emphasised trading and decentralisation (Daniel Yergin, The Prize [Simon & Schuster, 1991], pp. Phoenix Capital Partners I Co., Ltd. Walters promoted a movement to deintegrate company operations based solely upon economic considerations: "For me, there is no strategy that is divorced from profitability," he once remarked. DaimlerChrysler AG 18.88%. Walters (later Sir Peter Walters) was BP's chairman from 1981 to 1990. The car has been well-received in the press and by the public, but its staying power and implications for the company as a whole remain to be seen. P.I. These rumors proved unfounded, as evidenced by the debut of a fourth-generation Eclipse. In the mid-1970s, BP acquired Standard Oil of Ohio or Sohio. In January 2005, there were rumours that Mitsubishi might withdraw from the United States. Some natives contend that this was an illegal transfer. At this point however, this plan has not been put into action. In 1969, BP acquired the Valdez oil terminal, Alaska, from the Chugach for $1. Currently, Phoenix Capital has announced intentions to purchase a larger percent of Mitsubishi stock and turn the company into an exclusive manufacturer of sports cars and trucks/SUVs. Both of these fields came on stream in the mid-1970s transforming the company and allowing BP to weather the OPEC-induced oil price shocks of 1973 and 1979. With the introduction of a newer Lancer that figure may increase. From the late 1960s the company looked beyond the Middle East to the USA (Prudhoe Bay, Alaska) and the North Sea. While Russia is still a developing market, Mitsubishi's sales there have already exceeded previous-year sales, and 2005 sales are expected to increase over 70%. However, due to a large investment programme outside Iran, the company survived the loss of its Iranian interests at that time. Despite this trend is Mitsubishi has seen remarkable growth in Russia. BP continued to operate in Iran until the Islamic Revolution. Similarly, the launch of a new Galant, sold in the US from 2003, was staged over years rather than months, and as of mid-2005 it still has not replaced the mid-1990s model in many nations. The AIOC became The British Petroleum Company in 1954, and briefly resumed operations in Iran with a forty per cent share in an new international consortium. Until then, MMC's Thai plant was still producing its predecessor for both domestic and export markets. On August 19, 1953, the incumbent Prime Minister, Mohammed Mossadeq, was forced from office and replaced by Zahedi and the Shah was recalled. Although a new Lancer (Lancer Cedia) was available in Japan and the US from around 2000, it failed to introduce this model in many other nations until 2004. They installed pro-Western General Fazlollah Zahedi as prime minister of Iran. In other countries, MMC's product launches have been absymal. However the governments of Britain and the US were concerned about the encroachment of Soviet influence in the area and assisted in a plot against the Iranian administration. Mitsubishi has also been active in OEM production of cars for Nissan, and has just (July 2005) announced a partnership with PSA Peugeot Citroën to manufacture an SUV. The AIOC took its case against the nationalisation to the International Court of Justice at The Hague, but lost the case. It will, however, get a version of the Dodge Dakota pickup truck, and will continue work with DC on future small cars. In March 1951, the pro-western Prime Minister Ali Razmara was assassinated and in April, a bill was passed nationalising the oil industry and the AIOC and the Shah were forced to leave the country. In August, 2004, Mitsubishi announced that it would not continue with a plan to have DaimlerChrysler produce a minivan for it. Following the turmoil of World War II, AIOC and the Iranian government resisted nationalist pressure to come to a renewed deal in 1949. In July, 2004, Mitsubishi announced that it would immediately cancel the slow-selling Diamante, Lancer Sportback station wagon, Montero Sport, and (in 2005) the Montero in the US market, and would scale back purchase projections for the Mitsubishi/Hyundai/Chrysler Global Engine Manufacturing Alliance engines. Persia was renamed Iran in 1936 and APOC became AIOC, the Anglo-Iranian Oil Company. At the end of the 3rd qurater, the half year result between April to Sept 2004 showed the company suffered net loss of over 146 billion yen during the period. The concession was resettled within a year, covering a reduced area with an increase in the Persian government's share of profits. The announcement followed by massive recalls of over half a million vehicle. In 1932, the Shah terminated the APOC concession. By that time, the company had $9 billion debt, with $1.9 billion loss in for the fiscal year ended March 31. There was growing dissent within Persia however at the imperialist and unfair position that APOC occupied. Among the 30 defects, 4 had publicized in 2000. In 1931, partly in response to the difficult economic conditions of the times, BP merged their marketing operations in the United Kingdom (only) with those of Shell-Mex Ltd to create Shell-Mex and BP Ltd a company that continued to trade until the Shell and BP brands separated again in 1975. In June, 2004, Mitsubishi Motors admitted it had systematically covered up auto defects for 25 years. but its main concern was still Persia, following the Anglo-Persian Agreement of 1919 the company continued to trade profitably in that country. However, the company showed marginal year-on-year improvement as of June 2005, indicating that the company's slump may be bottoming out, or even a possible return to form. After the war ended the company, in which the British Government now had a 51% interest, moved to secure outlets in Europe and elsewhere. Mitsubishi's sales in the important US market dropped more than 45 per cent between 2003 and 2004, and the company has fallen behind Mazda in terms of total US sales. In 1917, the war allowed it to take the British arm of the German Europäische Union, which used the trade name British Petroleum. DaimlerChrysler has refused to buy more Mitsubishi stock than it already has, and the company is scrambling to develop more cars to both retake the youth market and compete in the mainstream market against companies such as Toyota and Honda. The company grew slowly until World War I when its strategic importance led the British Government to acquire a controlling interest in the company and it became the Royal Navy's chief source of fuel oil during World War I. Mitsubishi is also facing accusations of actively searching for the names of drivers who race their Lancer Evolutions in order to void their warranties (car companies usually void warranties if they find out the customer has raced the vehicle, legitimately or not). In 1909, the Anglo-Persian Oil Company was created to exploit this find. Mitsubishi Motor's parent company is dealing with multiple controversies over unfair business practices, the quality of its products, and the mistreatment of employees (for more details, see Mitsubishi article). This was the first commercially significant find in the Middle East. Ironically, the US youth market aided in the company's economic misfortunes because young buyers would default on their car loans, especially on expensive sports cars like the Eclipse and GTO. In May 1901, William Knox D'Arcy was granted a concession by the Shah of Persia to search for oil, which he found in May 1908. With the exception of the Lancer Evolution rally homologation car and Endeavor SUV, sales have dropped drastically, especially in the critical US 18–35 youth market the company once had a hold of. . Mitsubishi has recently fallen on hard economic times. BP is the leading partner in the controversial Baku-Tbilisi-Ceyhan pipeline. Mitsubishi has also exported car platform designs and manufacturing know-how to Hyundai in South Korea and Proton in Malaysia. Its BP Solar division has become a world-leading producer of solar panels. In the late 1980s, the Eagle brand was used for some Mitsubishi products in the US. The newly-renamed "BP" became an initialism no longer standing for "British Petroleum", and used the tagline "Beyond Petroleum" in advertising campaigns (this perhaps to disguise the company's foreign ownership after its extensive acquisitions and increased presence in the United States, as British Aerospace became "BAE Systems" for similar reasons). In some countries, Colt was used as the marque. Indeed, after a single year of joint operations, the two giants merged most operations and "Amoco" was dropped from the name. Many of Mitsubishi's early exports bore Chrysler brands such as Chrysler Valiant (in Australia), Dodge and Plymouth. However, this move was widely viewed as a purchase of Amoco by BP, only officially described as a merger for legal reasons. That began changing in the United States in 1982. In December 1998, BP merged with the American Oil Company (Amoco), forming "BP Amoco". For many years, Mitsubishi did not sell in North America under its own brand. BP (formerly "British Petroleum" and briefly known as "BP Amoco") LSE: BP, NYSE: BP is a petroleum company headquartered in London, and one of the top four oil companies in the world (along with Shell, ExxonMobil, and Total). Some Chrysler cars use Mitsubishi componentry, but have been gravitating toward more use of Mercedes-Benz componentry, which is considered superior. Mitsubishi has been engaged in a long-term venture with Chrysler (now DaimlerChrysler), assembling a series of cars and trucks for Chrysler brands since the 1970s. . Mitsubishis are manufactured globally and exported into most major markets, including the Far East, Europe, and the U.S.. Mitsubishi Motors Corporation (in Japanese: 三菱自動車工業株式会社, in romaji Mitsubishi Jidōsha Kōgyō Kabushiki Kaisha) (TYO: 7211) is a Japanese automobile company, manufacturing an extensive range of cars and trucks (see Fuso). Gas Engine. Diesel Engine (plus to Industrial Engine). Gasoline Engine. Mitsubishi Tredia (1982 - 1990). Mitsubishi Strada (1991 - Current). Mitsubishi Starion (1982 - 1990). Mitsubishi Space Star & Expo, Chariot (from Hyundai Santamo, Kia Carstar and Plymouth Colt Vista, Eagle Summit Van Wagon). Mitsubishi Space gear (from Hyundai Starex, 1994 - Current). Mitsubishi Sapporo (from, Plymouth Sapporo, 1976 - 1983). Mitsubishi RVR (1991 - Current). Mitsubishi Raider (2005 - Current). Mitsubishi Proudia (from Hyundai Equus, 1997 - 2004). Mitsubishi Precis (from Hyundai Excel, 1986 - 1994). Mitsubishi Pajero Mini (1994 - Current). Mitsubishi Pajero Sport/Montero Sport/Challenger (1996 - 2004). Mitsubishi Pajero/Montero (from Hyundai Galloper, 1982 - Current). Mitsubishi Outlander (2003 - Current). Mitsubishi Nimbus (1983 - Current). Mitsubishi Mirage (1978 - 2001). Mitsubishi Minicab (1966 - Current). Mitsubishi Minica (1962 - Current). Mitsubishi Mighty Max (1982 - 1996). Mitsubishi Magna. Mitsubishi L200 (1987 - Current). Mitsubishi Lancer Evolution (1992 - Current). Mitsubishi Lancer (1973 - Current). Mitsubishi GTO (1990 - 1998). Mitsubishi Grandis. Mitsubishi Galant (from also USA & Canada manufacturing make to 1982, 1969 - Current). Mitsubishi FTO (1994 - 2000). Mitsubishi Forte (1970 - 1986). Mitsubishi Endeavor (2004 - Current). Mitsubishi eK (a Keicar). Mitsubishi Eclipse (1989 - Current). Mitsubishi Dion (2000 - Current). Mitsubishi Diamante (1990 - 2004). Mitsubishi Delica & Wagon Van, Colt Van (from Hyundai Grace and Hyundai Porter, 1968 - Current). Mitsubishi Debonair (from Hyundai Grandeur, 1964 - 1999). Mitsubishi Colt (from Dodge Colt and Plymouth Champ, 1965 - 1994). Mitsubishi Cordia (1982 - 1990). Mitsubishi Carisma (1995 - Current). Mitsubishi Airtrek (2001 - Current). Stuttgart Germany, London UK and Other Europe manufacturing systems. In Europe
Tonsley Park, Adelaide Mitsubishi Motors Australia Limited. In Australia
In the USA
Okazaki 岡崎 and Oe 大江 (Nagoya) (Aichi). In Japan
Trebur (Hessen (Germany)) Research. Worldwide
In Japan
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