BP America Production Company
REMEMBER to ANSWER these questions (This is a very important part of the interview – to know why you are interested):
List 2-3 reason why you are interested in this industry?
List 2-3 reasons why you are interested in BP America Production Company?
List 2-3 reasons why you are interested in this position?
1. Company general info.
BP is world’s second largest oil and gas company, producing around 3% of the oil and gas consumed in the world through operations in 100
countries. We employ more than 104,000 employees around the world. BP’s 2005 market capitalization is about $225 billion, making us the fifth
largest company and the largest non-U.S. company on the New York Stock Exchange.
In 2005, FORTUNE magazine ranked BP #2 on its FORTUNE Global 500 list, just behind Arkansas-based retailer Wal-Mart. Our presence has
increased significantly over the past several years through growth, mergers and acquisitions with Amoco, ARCO, Castrol and Vastar. BP's
business in the United States is carried out by BP America, Inc., and its U.S. subsidiaries. They own about $41 billion in fixed assets in the U.S.
and operate in most states in the nation.
In 2005, BP invested more than $6 billion in capital expenditures and employed about 37,000 people in the United States.
Market capitalization (worldwide): $225 billion
Turnover: $13.65 billion
2004 operating capital employed: $39 billion
Fixed U.S. assets: $41 billion
Number of employees: 37,000
Proved reserves: Developed: 2.04 billion Undeveloped: 1.2 billion Total: 3.25 billion barrels of oil net
U.S. natural gas: Proved reserves in 2004: 10.8 billion cubic feet Undeveloped natural gas proved
reserves (2004): 3.3 billion cubic feet
Total natural gas proved reserves (2004): 14.08 billion cubic feet
U.S. refineries: 5
Daily refined product sales (2004): 1.7 million barrels per day
Refinery capacity (2004): 1.5 million barrels per day
Community investment (2005): $25 million
Service stations: 14,000
Chemicals capacity: 4.2 million tons of product a year (aromatics & acetyls)
Chemicals production (2004): 4 million tons per year
To increase U.S. energy supply, in 2005 BP is investing:
$2.2 billion over the next 15 years to double production in its Wamsutter, Wyo. gas fields
$5 billion total in the United States to provide new sources of energy to our customers
$700 million in Alaska for oil and gas production and development
$750 million in U.S. refineries
$72 million in pipelines
$25 million to expand its solar cell manufacturing facility, making BP North America’s largest producer of solar silicon wafers
Also continues its decade-long $15 billion investment program in the Gulf of Mexico to find and produce new energy supplies
And continues its $1 billion construction program of four, state-of-the-art, double-hulled crude oil tankers
2. Products and Services in the USA
On the Road: Fuels and stations, Liquified Petroleum Gas (LPG), Lubricant, Roadside assistance
For the Home: BP Solar - USA
For Business: Fuel cards, Aviation fuels, Marine, NGL, Natural gas, Power, Petrochemicals, Lubricants, Solar, BP Openbooks,
Brands in the United States:
BP: An unshakable commitment to human progress makes our brand distinctive
Amoco: Our market-leading, uniquely formulated, low-sulfur/lower-emissions premium gasolines.
ARCO: A leading retail gasoline brand and the largest-volume supplier on the U.S. West coast
am/pm: Our leading convenience store brand serves customers on the U.S. West coast through 950 outlets
Castrol: A leader in automotive and specialist lubricants - renowned in 150 countries worldwide
3. Core Values
health, safety, security and the environment – fundamental rules and guidance to help us protect the natural environment, the safety of the
communities in which we operate, and the health, safety and security of our people
employees – covering fair treatment and equal opportunity, providing guidance for dealing with cases of harassment or abuse and for
protecting privacy and employee confidentiality
business partners – providing detailed guidance on giving and receiving gifts and entertainment, conflicts of interest, competition, trade
restrictions, money laundering and working with suppliers
governments and communities – covering such areas as bribery, dealing with governments, community engagement, external
communications and political activity
Sources: Company website, Businessweek.com, Hoovers.com
company assets and financial integrity – containing guidance about accurate and complete records and reporting, protecting company
property, intellectual property, insider trading and digital systems
4. In the news
- 16 November 2005 - BP, on behalf of the Farragon field partners, today announced that oil has begun flowing from the Farragon field, 140 miles
north-east of Aberdeen. This is expected to peak at 18,000 barrels of oil per day when the second well comes on stream later this year.
Farragon has been developed as a subsea tie-back to the BP-operated Andrew platform via the Cyrus subsea manifold. Farragon is a £74 million
($130 million) development and is expected to recover around 18 million barrels of oil.
- BP announced that it plans to double its investment in alternative and renewable energies to create a new low-carbon power business with the
growth potential to deliver revenues of around $6 billion a year within the next decade.
Building on the success of BP Solar - which expects to hit revenues of $1 billion in 2008 - BP Alternative Energy will manage an investment
programme in solar, wind, hydrogen and combined-cycle-gas-turbine (CCGT) power generation, which could amount to $8 billion over the next ten
Sources: Company website, Businessweek.com, Hoovers.com