BP p.l.c. Competition

BP is also BO (Big Oil). It is the world's #3 publicly traded integrated oil concern, behind Exxon Mobil and Royal Dutch Shell. BP explores for oil and gas in 30 countries and has proved reserves of 17.8 billion barrels of oil equivalent. BP is the largest oil and gas producer in the US and a top refiner, with 16 refineries processing 4 million barrels of crude oil per day; it is also a major producer of petrochemicals. BP operates 21,800 gas stations worldwide. The company took a major hit in 2010 when a Gulf of Mexico deepwater rig exploded and killed 11 workers. Millions of gallons of crude gushed into the Gulf and the company was forced to set aside $20 billion to pay for related damages in 2011 and 2012.