The Proven Oil Reserves of BP

BP, is one of the UK’s largest companies, it is a UK Oil Giant.

BP PLC

It has proven oil reserves of :-

17,523 million barrels of oil

This information can be found here:-

http://www.bp.com/en/global/corporate/investors.html

Interesting to know the value of BP’s oil wealth

Crude oil is trading at about $36.89 a barrel

That is £26.16 a barrel

17,523 million barrels = 17,523,000,000

17,523,000,000 x £26.16 a barrel = £458,401,680,000

So at today’s oil price, BP’s own reserves are worth £458,401,680,000.

That is £458 Billion. That is about 33% of UK GDP…..

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