BP (Formerly known as British Petroleum) is a giant. It started life as The Anglo Persian Oil Company, then via huge expansion globally, and acquiring companies in the US such as Atlantic Richfield (Arco), Amoco and in the UK, Burmah Castrol is an energy giant, but also a financial giant, with massive treasury operations, and huge financial trading operations.
A member of the FTSE-100, accounts for nearly 5% of the FTSE-100 Index.
With a Market capitalisation of about £83,000,000,000 = £83 Billon, the dividend yield is 4.8%.
Reading the annual report can get a grasp of the financial position, and despite the 2010 tragic Deepwater Horizon accident, the company is still vast.
[http://www.bp.com/en/global/corporate/investors/annual-reporting.html]
BP employ nearly 86,000 people.
Capital expenditure to be in the range of $24-27 billion per year
2012 Profit was US$ 11,582 Billion = £7,234 Billion
Balance Sheet cash and cash equivalents at the end of 2012 totalled $19.5 billion.
Dividends to shareholders of $5.3 billion = £3.31 billion during the year.
BP owns 19.75% of Rosneft, the Russian energy giant.
Total revenues and other income in 2012 = $388,285 million = $388 billion = £242,536million = £242 billion
[UK 2012 GDP = £1, 483 Billion, BP revenues = £242 billion.]
BP revenue = 16% of UK GDP !!
Balance sheet assets of £187,510 million = £187 Billion
Major Shareholders:
Guaranty Nominees Limited 27.05 %
BlackRock, Inc. 5.39%
The Capital Group Companies, Inc. 3.88%
Legal & General Group Plc 3.82%
A World Class Energy Giant.