BP has transformed itself from a local oil company into a global energy group employing over 96,000 people and operating in over 100 countries worldwide. BP has reported sales to the tune of $281.03 billion and profits stood at $20.60 billion in 2007.
Tony Hayward is the group chief executive of BP, earlier known as British Petroleum. With headquarters in London, the company is among the largest private sector energy corporations in the world.
History
British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998, becoming BPAmoco until 2000 when it was renamed BP and adopted the tagline 'Beyond Petroleum'. Most Amoco gas stations in the United States have changed the look and name to the BP brand. The highest grade of BP gasoline available in the United States is still called Amoco Ultimate.
Image: A British Petroleum petrol station sign is seen in Huddersfield, northern England . | Photograph: Paul Ellis/AFP/Getty Images
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