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It is one of the world's seven oil and gas " supermajors ",  whose performance in made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization  and the company with the world's 12th-largest revenue turnover. It also has renewable energy interests in biofuels and wind power. In Russia, BP owns a British Petroleum acquired majority control of Standard Oil of Ohio in Formerly majority state-owned, the British government privatised the company in stages between and BP has been directly involved in several major environmental and safety incidents.
The Deepwater Horizon oil spill , the largest accidental release of oil into marine waters in history, resulted in severe environmental, health and economic consequences,  and serious legal and public relations repercussions for BP. In May a group of British geologists discovered a large amount of oil at Masjid-i-Suleiman in Mohammerah, today the Iranian province of Khuzestan. It was the first commercially significant find of oil in the Middle East.
William Knox D'Arcy , by contract with the Emir of Mohammerah, Sheikh Khaz'al Khan al-Kaabi , obtained permission to explore for oil for the first time in the Middle East,  an event which changed the history of the entire region.
The oil discovery led to petrochemical industry development and also the establishment of industries that strongly depended on oil. Some of the shares were sold to the public.
Immediately after establishing the company, the British government asked Percy Cox , British resident to Bushehr , to negotiate an agreement with Khaz'al for APOC to obtain a site on Abadan Island for a refinery, depot, storage tanks, and other operations.
The refinery was built and began operating in It also acquired the controlling stake in the Courchelettes refinery in France and formed with the Government of Australia a partnership named Commonwealth Oil Refineries , which built the Australian's first refinery in Laverton, Victoria. TPC finally struck oil in Iraq on 14 October The partnership was equally owned but operated by Shell.
The oil concession rights were awarded to the company on 23 December and the company started drilling operations in In , the company was renamed British Hydrocarbon Chemicals. In March , Razmara was assassinated and Mohammed Mossadeq , a nationalist, was elected as the new prime minister by the Majlis of Iran parliament.
In , British Petroleum entered the Canadian market through the purchase of a minority stake in Calgary-based Triad Oil Company, and expanded further to Alaska in , resulting discovery of oil at Prudhoe Bay in By the s, British Petroleum had developed a reputation for taking on the riskiest ventures.
It earned the company massive profits; it also earned them the worst safety record in the industry. In , the giant oil tanker Torrey Canyon foundered off the English coast. The company's oil assets were nationalised in Libya in , in Kuwait in , and in Nigeria in The intensified power struggle between oil companies and host governments in Middle East, along with the oil price shocks that followed the oil crisis meant British Petroleum lost most of its direct access to crude oil supplies produced in countries that belonged to the Organization of Petroleum Exporting Countries OPEC , and prompted it to diversify its operations beyond the heavily Middle East dependent oil production.
In , the company acquired a controlling interest in Standard Oil of Ohio Sohio. The new regime of Ayatollah Khomeini nationalised all of the company's assets in Iran without compensation, bringing to an end its year presence in Iran. In —s BP diversified into coal , minerals and nutrition businesses which all were divested later.
In November the Kuwait Investment Office purchased a Peter Walters was the company chairman from to In , Standard Oil of California was renamed to Chevron Corporation ; and it bought Gulf Oil—the largest merger in history at that time. Walters was replaced by Robert Horton in Horton carried out a major corporate down-sizing exercise removing various tiers of management at the Head Office.
The company was a manufacturer and installer of photovoltaic solar cells. It became wholly owned by British Petroleum in the mids.
British Petroleum entered into Russian market in and opened its first service station in Moscow in In , the company entered into Azerbaijani market.
In , it signed the production sharing agreement for the Azeri—Chirag—Guneshli oil project and in for the Shah Deniz gas field development. Under John Browne, British Petroleum acquired other oil companies, transforming BP into the third largest oil company in the world. In the beginning of the s, BP became the leading partner and later operator of the Baku—Tbilisi—Ceyhan pipeline project which opened a new oil transportation route from the Caspian region.
In , BP's olefins and derivatives business was moved into a separate entity which was sold to Ineos in On 23 March , 15 workers were killed and more than injured in the Texas City Refinery explosion. To save money, major upgrades to the refinery had been postponed. Inspections revealed other shoddy work. Repairs costing hundreds of millions would keep Thunder Horse out of commission for three years.
Lord Browne resigned from BP on 1 May The head of exploration and production Tony Hayward. In , Hayward shifted emphasis from Lord Browne's focus on alternative energy, announcing that safety would henceforth be the company's "number one priority". In —, BP cut down its alternative energy business. The company announced its departure from the solar energy market in December by closing its solar power business, BP Solar. BP operations are organized into two main business segments, Upstream and Downstream.
Since , BP has annually published its Statistical Review of World Energy , which is considered an energy industry benchmark. BP has three major research and development centres in the UK. The company announced that it is focusing its investment in the UK North Sea into four development projects including the Clair , Devenick, Schiehallion and Loyal , and Kinnoull oilfields.
In Saltend near Hull, BP operates a petrochemicals plant that produces acetic acid and acetic anhydride used in the production of pharmaceuticals, textiles and other chemical products. The United States operations comprise nearly one-third of BP's worldwide business interests,  and the United States is the country with the greatest concentration of its employees and investments. BP is a leading acreage holder and producer of oil and natural gas in the deepwater Gulf of Mexico.
Lower 48 Onshore to compete in the burgeoning shale gas industry dominated by smaller companies. The company owns two petrochemical plants in the U. BP has a stake in exploration of two blocks of offshore deepwater assets in the South China Sea.
BP has major liquefied natural gas activities in Indonesia, where it operates the Tangguh LNG project, which began production in and has a capacity of 7. It also and develops the Shafag-Asiman complex of offshore geological structures.
It purchases crude oil for the company's refineries in the United States , has oil sands holdings in Alberta and four offshore blocks in Nova Scotia. BP upstream's activities include exploring for new oil and natural gas resources, developing access to such resources, and producing, transporting, storing and processing oil and natural gas.
BP downstream's activities include the refining, marketing, manufacturing, transportation, trading and supply of crude oil , petrochemicals and petroleum products. BP Shipping provides the logistics to move BP's oil and gas cargoes to market, as well as marine structural assurance.
BP Shipping's chartering teams based in London, Singapore, and Chicago also charter third party vessels on both time charter and voyage charter basis. All of these ships are double-hulled.
Castrol is BP's main brand for industrial and automotive lubricants and is applied to a large range of BP oils, greases and similar products for most lubrication applications. BP was the first of supermajors expanding its focus on energy sources other than fossil fuels. Differently from BP Solar, Lightsource BP focuses on the managing and maintaining solar farms instead of manufacturing solar panels. One ADS represents six ordinary shares. After the Texas City Refinery explosion in , stock prices again fell.
By January , the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4. In the first quarter of the company adopted the marketing name of BP, and replaced its "Green Shield" logo with the "Helios" symbol, a green and yellow sunflower logo named after the Greek sun god and designed to represent energy in its many forms.
By , BP's branding campaign had succeeded with the culmination of a Effie Award from by the American Marketing Association , and consumers had the impression that BP was one of the greenest petroleum companies in the world. BP attained a negative public image from the series of industrial accidents that occurred through the s, and its public image was severely damaged after the Deepwater Horizon explosion and Gulf Oil spill.
In the immediate aftermath of the spill, BP initially downplayed the severity of the incident , and made many of the same PR errors that Exxon had made after the Exxon Valdez disaster. BP began a re-branding campaign in late , and decided to focus its brand on the idea of "bringing brilliant minds together with technology at a massive scale to meet the world's energy needs", and focus its messaging on telling stories about people.
In May , BP tasked a press office staff member to openly join discussions on the Wikipedia article's talk page and suggest content to be posted by other editors.
In , BP backed a global study researching challenges for lesbian, gay, bisexual and transgender employees and for ways that companies can be a "force for change" for LGBT workers around the world. BP has been ranked as among the 15th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic. In , BP was the largest contributor to the campaign opposing carbon fee initiative in Washington State.
Robert Allendorfer, manager of BP's Cherry Point refinery, wrote the following in a letter to state lawmakers: The firm illegally discharged waste oil, paint thinner and other toxic and hazardous substances by injecting them down the outer rim, or annuli, of the oil wells.
The suit alleged that BP illegally released air pollutants by failing to adequately inspect, maintain, repair and properly operate thousands of pieces of equipment across the refinery as required by AQMD regulations. It was alleged that in some cases the violations were due to negligence, while in others the violations were knowingly and willfully committed by refinery officials.
The lawsuit further claims Galveston county has the worst air quality in the United States due to BP's violations of air pollution laws. BP had no comment and said it would address the suit in the court system. In , a group of Colombian farmers reached a multimillion-dollar out-of-court settlement with BP for alleged environmental damage caused by the Ocensa pipeline. Most of the land traversed by the pipeline was owned by peasant farmers who were illiterate and unable to read the environmental impact assessment conducted by BP prior to construction, which acknowledged significant and widespread risks of damage to the land.
In Canada, BP is involved in the extraction of oil sands, also known as tar sands or bituminous sands. The company uses in-situ drilling technologies such as Steam Assisted Gravity Drainage to extract the bitumen. Members of Canada's First Nations have criticized BP's involvement in the Canadian project for the impacts tar sands extraction has on the environment.
Citing conditions similar to those that resulted in the Texas City Refinery explosion , on 25 April , the U. An OSHA inspection resulted in 32 per-instance willful citations including locating people in vulnerable buildings among the processing units, failing to correct depressurization deficiencies and deficiencies with gas monitors, and failing to prevent the use of non-approved electrical equipment in locations in which hazardous concentrations of flammable gases or vapors may exist.
BP was further fined for neglecting to develop shutdown procedures and designate responsibilities and to establish a system to promptly address and resolve recommendations made after an incident when a large feed pump failed three years prior to Penalties were also issued for five serious violations, including failure to develop operating procedures for a unit that removes sulfur compound; failure to ensure that operating procedures reflect current operating practice in the Isocracker Unit; failure to resolve process hazard analysis recommendations; failure to resolve process safety management compliance audit items in a timely manner; and failure to periodically inspect pressure piping systems.
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Nacogdoches remained a Caddo Indian settlement until the early 19th century. That was the first European construction in the area. In , they ordered all settlers in the area to move to San Antonio.
Some were eager to escape the wilderness, but others had to be forced from their homes by soldiers. Colonel Antonio Gil Y'Barbo , a prominent Spanish trader, emerged as the leader of the settlers, and in the spring of , he led a group back to Nacogdoches. Y'Barbo, as lieutenant governor of the new town, established the rules and laws for local government. Highway F as the central point.
On the main thoroughfare, he built a stone house for use in his trading business. The city has been under more flags than the state of Texas, claiming nine flags. People from the United States began moving to settle in Nacogdoches in and Texas' first English-language newspaper was published there.
An edition of the newspaper in Spanish is preserved and shown at the local museum. In , the Battle of Nacogdoches brought many local settlers together, as they united in their stand to support a federalist form of government.
Their successful venture drove the Mexican military from East Texas. Thomas Jefferson Rusk was one of the most prominent early Nacogdoches Anglo settlers. Senators along with Sam Houston. He worked to establish Nacogdoches University, which operated from to Sam Houston lived in Nacogdoches for four years prior to the Texas Revolution and opened a law office downtown.
He courted Anna Raguet, daughter of one of the leading citizens, but Anna rejected him after finding that he was not divorced from his first wife Eliza Allen of Tennessee. William Goins Goyens, Goings, Going , the son of a white mother and black father, operated a local inn, trucking service, and blacksmith works and maintained a plantation outside Nacogdoches on Goins Hill. He was married to a white woman and owned slaves. Adolphus Sterne was a merchant of German Jewish extraction who maintained the finest home in town.
He was frequently visited by famous luminaries such as Sam Houston, Thomas Rusk, Chief Bowles , David Crockett, and many others, so his diary is one of the best sources for early Nacogdoches history. Nacogdoches also contains one of the last surviving family-owned homestead plantations in East Texas, August Tubbe Plantation,  owned and operated by the same family who established it in August Tubbe was a German-born immigrant, who with his elderly mother, left Germany in and arrived in Nacogdoches by Tubbe Sawmill was actually the first water-, and then steam-powered, sawmill in Nacogdoches.
During renovations of the Cason-Monk buildings in the early 21st century, boards stamped with Tubbe Mill logos made dating the building possible. The estate contains one of the largest privately owned genealogical archives pertaining to the Tubbe family in existence, providing important insight into early settlers life during the 19th century. The family has been featured in a number of German museums including the Expo in Bremerhaven Germany.
The Tubbe family is considered to be one of the "founding families" of Nacogdoches,  making their mark in many ways spanning over years. August Tubbe was responsible for not only his large 2,acre plantation, sawmill, and participation in Milam Masonic Lodge,  but also is credited with bringing the now defunct Texas and New Orleans Railroad spur into town.
In , the first oil well in Texas began operation here, but it was never so well known as Spindletop , drilled in near Beaumont. However, after the war, Barret returned to Oil Springs, an area about 13 miles east of Nacogdoches, to resume his project by acquiring another drilling contract in Barret struck oil on September 12, , at a depth of feet. The well produced around 10 barrels of oil per day, but was recorded to produce a range of 8 to 40 barrels.
In , the price of oil dropped so low that Barret lost his financial backing, and was forced to resign the project. The fields then lay dormant for another 20 years, until , when various drilling companies had 40 wells on the site. The site was never very productive, only yielding 54 barrels in However, it remains the first and oldest oil well in Texas, with production being recorded into the s.
Soon afterward, Julius and his brothers decided to try their hand at comedy instead of singing, at which they had barely managed to scrape together a living. A historic plaque commemorating the event is posted in downtown Nacogdoches. It happened to be on a Sunday. John Wayne appeared to have had a similar preoccupation, [ citation needed ] as he mentioned the town in some of his movies, e.
In , singer Willie Nelson came to Nacogdoches to perform with his friend, Paul Buskirk, a renowned mandolin player. During his stay, Nelson recorded a number of jazz songs at Encore Studios. In , he released those recordings on an album called Nacogdoches.
On February 1, , the Space Shuttle Columbia broke up during re-entry, depositing debris across Texas. Much of the debris landed in the Nacogdoches area ,  and much of the media coverage of the recovery efforts focused on Nacogdoches. On September 24, , Hurricane Rita struck Nacogdoches as a category-1 hurricane. The city's local shelters were already overwhelmed with evacuees who had come from New Orleans because of Hurricane Katrina.
Long lines at gas stations and shortages of supplies, food, and fuel were widespread. Many Houstonians took the Eastex Freeway U. Highway 59 future Interstate 69 out of Houston to evacuate through East Texas. Travel times between Nacogdoches and Houston were reportedly taking about 24—36 hours, [ citation needed ] when normal travel time is about 2 hours. As a result of Hurricane Rita, U. Highway 59 has been designated as an evacuation route by TXDOT , with all of its lanes to be used for contraflow traffic.
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