What Does BP Stand For?


Quick Answer

BP stands for British Petroleum. It is an international oil and gas company that produces fuel for transportation and energy; provides lubricants for engines; and manufactures petrochemical products used in products, such as paint, clothes and packaging.

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What Does BP Stand For?
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Full Answer

BP operations are located in nearly 80 countries across the world with over 17,000 retail locations. It has over 84,000 employees and creates an estimated $360 billion in economic value. The company produces approximately 3 million barrels of oil per day from over 17 billion barrels of oil equivalent reserves.

BP was founded in 1908 as the Anglo-Persian Oil Company. It has since undergone several name changes and is officially known as BP plc, as of 2015.

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