After acquiring Amoco in 1998, the company changed its name to BP Amoco. Prior to the acquisition, the company was widely known as British Petroleum Company Limited.
The company was involved in the 2010 oil spill in the Gulf of Mexico. Almost five million barrels escaped into the ocean, making it the largest spill in history. BP paid billions of dollars in fines and damages. The company also plead guilty to 14 criminal charges.Learn more about Corporations