BP Plc., the fourth largest refiner of the world and the largest corporation in the United Kingdom, has the most sophisticated technologies and equipment enabling it to output higher production than other refiners. It supplies customers with fuel for transportation, energies for heating purposes, lighting, retail markets and other petrochemical products for day-to-day tasks.
The working force of BP is approximately 92,000. It is operating in 29 countries and has 22,660 service stations throughout the world. At the end of 2008, it earned $361 billion from sales and other operating services. The shareholders of BP earn more than 1.2 million interests from 17 major refineries. Its headquarters is located in the City of Westminster, London.
ARCO Company of BP was founded in 1889 and it is a combination of two US companies named Atlantic Refining and Richfield Petroleum. Atlantic was founded in Pennsylvania in 1866 and it was mainly based on storing and shipping oil and later entered into the business of refining. When the Standard Oil Trust of John D. Rockefeller stopped its production in 1899, Atlantic's motor oil in Polainne was recorded as one of the best motor oils company in the USA. The first station of Atlantic began in Pittsburgh in 1915 while the Richfield's first station began work 1915 in LA. In 1966, the two companies amalgamated and was named ARCO.
BP's Amoco started in 1899 by the name of Standard Oil of Indiana. It first produced axle grease for industrial machinery, kerosene and paraffin wax needed for candles. By 1900, Amoco become the top most company, which provide gasoline and kerosene in the Midwest. Now it has become the largest natural gas producer in NA and has exploration activities in 20 countries. It produces 13m tones of chemical production per year and largest provider of PTA.
Sohio, Standard Oil Company Ohio started in 1870. After the closure of Standard Oil Company in 1911 by a verdict of the US Supreme Court, it remerged as a regional company with a single refinery in Cleveland. By 1930, Standard Oil Company took the brand name Sohio. When BP was prospecting for oil in Alaska in 1960, and found it, it cooperated with Sohio to sell oil. First it owned 25 percent of Sohio exchanging the oil found from Alaska. By 1977, BP was the major shareholder of the Sohio. Ten years later, Sohio was fully owned by BP and was renamed BP America.
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