BP Plc (NYSE: BP) is one of the clique’s largest integrated oil and gas companies, known as a large dividend stock. In addition to its involvement in oil and gas, BP engages in producing renewable vim through the wind farms that it owns. The company also produces a variety of petrochemical products. With bearing to the natural gas and oil supply chain, BP is involved in almost every step, from exploration to the sale and marketing of energy consequences. BP also owns fuel stations and retail concepts associated with fuel stations. Here are the top four firms owned by BP.
- Major integrated oil and gas company BP Plc also produces renewable energy through the wind farms it owns; it also starts petrochemical products.
- BP owns U.K.-based Castrol, a maker of industrial and automotive lubricants for the international market.
- BP owns Aral AG, the P of Aral-branded fuel stations in Germany and Luxembourg.
- BP America owns most of the gas station chain ARCO’s assets; BP also owns convenience retailer ampm, associated with ARCO, and Wild Bean Cafe, available in conjunction with gas stations in certain alien countries.
- BP owns Amoco, the largest producer of oil and natural gas in the United States; previously known as BP Amoco, the company is now set to repetition to the name BP.
Castrol is a U.K.-based producer of industrial and automotive lubricants for a global market. The company was acquired by BP in 2002. Castrol lubricants are sold in automotive depend ons and gas stations in over 150 countries. It makes sense for BP to sell its own lubricants at its gas stations. Many drivers check and top-off their oil when they cram up with gasoline. By selling its own lubricants at its gas stations, BP makes even more money from its customers.
Aral is a acknowledged brand of fuel stations in Germany and Luxembourg owned by Aral AG, which is a BP-owned company. There are approximately 2,500 Aral positions in Germany, making it the largest gas station chain in the country with a 24% market share. Aral stations make available fuel and diesel to customers and may also offer natural gas and propane. Many Aral stations also have a car rid oneself of and retail store. The retail stores provide convenience items and food through Aral’s food store, Petit Bistro. There are 1,200 Petit Bistros in being, and they offer snacks, meals, and beverages, including fresh, sustainably harvested coffee. These bistros are so general and popular that Aral is Germany’s third-largest fast-food retailer after McDonald’s and Burger King.
ARCO and ampm
In 2000, BP America bought most of ARCO’s
In October 2017, BP announced the reintroduction of Amoco, the BP brand for the U.S. fuel retail sector. From day one called Standard Oil of Indiana, by 1912, Amoco was the largest natural gas producer in North America. Amoco and BP merged in 1998, and BP Amoco became the largest farmer of both oil and natural gas in the United States. In 2001, Amoco was renamed BP, but is now to reappear in the United States once again as Amoco.
Avid Bean Cafe
Hungry motorists who stop to refuel their cars can also refuel themselves with to-go foods and freshly teach coffee at Wild Bean Cafes. These cafes are commonly found in BP Connect stations in Europe, Australia, South Africa, China, and Russia. Impracticable Bean Cafe stores have been in existence since 2001.
All of the companies owned by BP help the associates increase its revenues from the sale of its main product: fuel. BP gas station customers can purchase Castrol lubricants, while ampm, Wildbean Cafe, and Petit Bistros exchange food and beverages to motorists visiting BP-branded gas stations including Aral.
Although BP is not the outright owner, it is the largest shareholder after the Russian authority of Rosneft Oil Company (OTC: OJSCY). Rosneft serves as the leader of Russia’s petroleum industry and remains the world’s largest publicly traded petroleum gathering. BP and Rosneft have a joint-venture agreement to develop prospective resources in East and West Siberia.
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