The BP public limited company, formerly known as British Petroleum is one of the six major oil companies and ranks sixth in the oil and gas industry, as per the 2012 production statistics. This British MNC is headquartered in London and was founded in 1909 as the Anglo-Persian Oil Company.
It is the sixth enterprise in the energy industry by market capitalisation and is the fifth largest company in the world, as per the 2012 revenue.
The company operates from over 20,700 service stations spread across 80 countries in the world.
Its area of operations include all areas of the oil and gas industry – exploration, production and refining of oil and gas, trading, power generation, distribution and marketing of petrochemicals. BP is also involved with renewable energy work in the bio-fuel and wind power sectors.