Company profile

Future of BP

#
Rank
1
| Quantumrun Global 1000

BP P.L.C., previously known as British Petroleum, is a British oil and gas company, operating globally, headquartered in London, England.

Home Country:
Sector:
Industry:
Petroleum Refining
Website:
Founded:
1909
Global employee count:
77400
Domestic employee count:
15200
Number of domestic locations:
2

Financial Health

Revenue:
$186606000000 USD
3y average revenue:
$257088666667 USD
Operating expenses:
$10495000000 USD
3y average expenses:
$11438000000 USD
Funds in reserve:
$26389000000 USD
Market country
Revenue from country
0.36
Market country
Revenue from country
0.20
Revenue from country
0.44

Asset Performance

  1. Product/Service/Dept. name
    Upstream
    Product/Service revenue
    43200000000
  2. Product/Service/Dept. name
    Downstream
    Product/Service revenue
    200500000000
  3. Product/Service/Dept. name
    Other business and corporate
    Product/Service revenue
    2000000000

Innovation assets and Pipeline

Global brand rank:
67
Investment into R&D:
$400000000 USD
Total patents held:
108
Number of patents field last year:
1

All company data collected from its annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.
*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.
*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.
*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.
*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.
*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

Company Headlines