What need does it serve?
BP PLC. produces a range of Upstream and Downstream products. The company is involved in exploring and developing oil & natural gas sources. It also then refines, and markets oil and natural gas products. These products are used in everything from energy to automotive parts.
What are the alternatives to BP Plc.?
Competitors: Chevron, Royal Dutch Shell, Exxon-Mobil
What is the basis of competition?
BP primarily competes on its ability to efficiently provide its products. It depends on quality of assets, and end-to-end operational efficiency, which then drives cash flow.
Has 3 Operating Segments:
Upstream: The Upstream segment is largely responsible for drilling, exploring, and recovering crude and natural gas. Upstream operations are based out of the United States, which consists of one-third of the business operations; the company also has operations in Angola, Egypt, and the South China Sea. Finally it conducts drilling in the North Sea, where it has offshore assets.
Downstream: The Downstream segment largely consists of refining, marketing, and logistics based services. Its operations are based mainly out of mainland Europe, and the United Kingdom. BP also recently acquired 30% in Reliance Industries, which includes explorations rights in 20 blocks of oil & gas blocks
Other: Other revenue consists of everything from hydro, nuclear and other renewable forms of energy.