British Petroleum's Major Owned Businesses Unveiled: A Ranking of Its Key Assets
BP, famously known as British Petroleum, is a titan in the global oil and gas industry. This multinational company is deeply ingrained in every stage of the oil and gas supply chain, from exploration to marketing of energy products. Investors often include BP's shares in their portfolios due to its substantial impact in the markets.
Established in 1909 by William D’Arcy, BP has a rich history dating back to the discovery of oil in the Middle East. Now headquartered in London, BP hasn't just stuck with traditional oil and gas exploration – it's also been stepping up its renewable energy game through wind farms and other projects.
BP's legacy brands include Castrol, a renowned lubricant manufacturer, and Amoco, a United States-based oil and gas producer that BP acquired in 1998. BP has also taken ownership of the ampm and Thorntons convenience store chains, as well as Aral, a significant gas and diesel station network in Germany.
As of 2025, BP operates in over 60 countries across the globe and produced 775,000 barrels of oil equivalent per day in 2024 with its U.S. operations accounting for 376,000 barrels. In terms of profit, BP reported $1.2 billion in 2024 and boasted a market capitalization of $80.93 billion as of June 18, 2025.
BP has a whopping 21,200 retail sites across the world, providing not only fuel but also other services such as snacks, coffee, and travel supplies. Furthermore, through its acquisitions, BP has expanded its reached with subsidiaries like Air BP, Wild Bean Cafe, BP Connect, BP Pulse, TravelCenters of America, and Lightsource BP, the latter being a fully owned solar energy business.
BP continues to diversify its portfolio, adding renewable energy ventures, such as biofuels and solar power, alongside electric vehicle charging stations and even acquiring Bunge Bioenergia to increase its Brazilian biofuel output to 50,000 barrels per day. Despite this move towards renewables, BP still heavily invests in traditional oil and gas exploration.
From acquisitions to expansions and diversifications, BP remains a prominent figure in the global energy market, continually growing and adapting to the changing energy landscape.
BP, with its market capitalization of $80.93 billion as of June 18, 2025, has a substantial presence not only in the traditional oil and gas industry but also in the finance sector, particularly in the energy market. The company's renewable energy ventures, such as solar power and biofuels, are a part of its diversified portfolio, reflecting its growth and adaptation in the industry.
