BP
British multinational oil and gas company
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| February 2025 | BP announced plans to significantly reduce investment in renewable energy while increasing oil and gas production by 20%, following pressure from shareholders like Elliott Management. |
| February 2025 | BP declared a strategic shift to cut renewable energy investments and increase oil and gas production by around 20% to $10 billion per year, drawing criticism from environmental groups like Greenpeace UK. |
| January 2025 | BP announced plans to cut 4,700 staff, more than 5% of its total workforce. |
| 2024 | BP, in partnership with Ørsted A/S, plans to begin production of hydrogen using North Sea wind power at a 50 MV electrolyser at the Lingen refinery. |
| November 2024 | BP and partners announced a $7 billion investment in a carbon capture and gas field development in Indonesia's Papua region. |
| October 2024 | BP scrapped its previous plans to reduce oil and gas production by one million barrels a day by 2030, instead announcing plans to increase production. |
| June 2024 | BP announced the acquisition of Bunge Bioenergia from Bunge Global for $1.4 billion, which will increase ethanol production to 50,000 barrels per day. |
| January 2024 | Murray Auchincloss became CEO of BP. |
| 2023 | BP achieved a net income of $15.2 billion on revenues of $213 billion, with workforce stabilizing at 66,500 employees. |
| August 2023 | After 10 years of force majeure, BP resumed exploration in Ghadames Basin (A-B) and offshore Block C with partners Eni and Sonatrach. |
| April 2023 | BP's Husky Toledo refinery resumed operations after being shut down since the September 2022 fire. |
| April 2023 | BP launched a new oil rig called Argos in the Gulf of Mexico. |
| February 2023 | BP sold its stake in the Toledo, Ohio refinery to Cenovus Energy. |
| February 2023 | BP reported record annual profits for 2022, more than double the 2021 profits and the biggest in the company's 114-year history. |
| February 7 2023 | BP revised its emissions reduction target from a 35-40% cut to a 20-30% cut by the end of the decade, citing the need to meet current oil and gas demands. |
| 2022 | BP announced it would sell its 19.75% stake in Rosneft in response to the Russian invasion of Ukraine. |
| 2022 | BP saw a revenue rebound to $248 billion, but reported a net loss of $2.5 billion, with employee count slightly increasing to 66,300. |
| 2022 | A BBC investigation revealed waste-gas being burned near residential areas in Iraq's Rumaila oil field, with subsequent environmental and health concerns raised about pollution impacts. |
| December 2022 | BP completed the acquisition of Archaea Energy Inc. for $3.3 billion. |
| October 2022 | BP announced the acquisition of Archaea Energy Inc., a renewable natural gas producer, for $4.1 billion. |
| September 20 2022 | A fire at BP's Husky Toledo refinery resulted in the death of two workers. The fire was extinguished the same day, leading to a prolonged refinery shutdown that lasted until April 2023. |
| February 2022 | BP acquired a 30% stake in Green Biofuels Ltd, a London-based producer of renewable hydrogenated vegetable oil fuels that can be used as a direct replacement for diesel. |
| 2021 | BP's revenue continued to decline to $164 billion, but recovered with a net income of $7.6 billion, maintaining around 64,000 employees. |
| 2021 | BP acquired 9 GW of US solar projects. |
| July 13 2021 | BP announces plans to fully acquire ArcLight Capital Partners' share of Thorntons, aiming to own the entire convenience store company. |
| February 1 2021 | BP signed a deal to sell 20% of its participating interest in Oman's Block 61 to Thailand's PTT Exploration and Production Public Company Ltd. (PTTEP) for $2.6 billion, reducing its stake to 40% while remaining the block's operator. |
| 2020 | BP experienced a major financial downturn, with revenue dropping to $180 billion and a significant net loss of $20.3 billion, likely due to global COVID-19 pandemic impacts. |
| December 2020 | BP acquired a majority stake in Finite Carbon, the largest forest carbon offsets developer in the United States. |
| December 14 2020 | BP sold its 49% stake in the Trans-Alaska Pipeline System to Harvest Alaska. |
| September 2020 | BP formed a partnership with Equinor to develop offshore wind, acquiring a 50% non-operating stake in Empire Wind and Beacon Wind offshore wind farms. |
| September 2020 | BP announced plans to build a rapid charging network in London for Uber. |
| August 2020 | BP America's chairman David Lawler criticized the elimination of federal methane leak detection requirements, advocating for direct federal regulation. |
| August 2020 | BP promised to increase its annual low carbon investments to $5 billion by 2030 and announced plans to transform into an integrated energy company with a focus on low-carbon technologies. |
| June 30 2020 | BP sold all its Alaska upstream operations and interests, including Prudhoe Bay Oil Field, to Hilcorp for $5.6 billion. |
| June 29 2020 | BP sold its petrochemicals unit to Ineos for $5 billion, including interests in 14 plants across Asia, Europe, and the U.S. |
| February 2020 | BP set a goal to cut greenhouse gas emissions to net-zero by 2050, committing to reduce emissions across operations and sold fuels. |
| February 2020 | BP announced a Joint Venture with EnBW to develop and operate 3GW of Offshore Wind capacity in the Crown Estate Leasing Round 4, marking BP's first move into Britain's Offshore wind market. |
| February 5 2020 | Bernard Looney succeeded Bob Dudley as chief executive of BP. |
| 2019 | BP acquires half of Thorntons LLC, a Kentucky-based convenience store company, in partnership with ArcLight Capital Partners. |
| June 2019 | BBC Panorama and Africa Eye aired an investigative journalism piece criticizing BP's acquisition of development rights for Cayar Offshore Profond and St. Louis Offshore Profond blocks, alleging potential corruption and lack of due diligence. |
| January 2019 | BP discovered oil at its Thunder Horse location in the Gulf of Mexico and announced plans to spend $1.3 billion on a third phase of its Atlantis field near New Orleans. |
| January 1 2019 | Helge Lund succeeded Carl-Henric Svanberg as chairman of BP Plc board of directors. |
| 2018 | BP scored 100% on the Human Rights Campaign's Corporate Equality Index (released in 2017), becoming one of few oil and gas companies offering transgender benefits. |
| 2018 | BP saw significant revenue growth to $298 billion and a substantial increase in net income to $9.4 billion, with workforce slightly increasing to 75,000 employees. |
| 2018 | CEO Bob Dudley announced that out of the company's total annual spending of $15-$17 billion, about $500 million would be invested in low-carbon energy and technology. |
| 2018 | BP produced around an unspecified amount of oil equivalent, with productions including liquids and natural gas, and total proved reserves of oil equivalent. |
| 2018 | BP completed significant operations in the United States, employing approximately 14,000 people and conducting extensive oil and natural gas production. |
| 2018 | BP began operating the UK's largest electric vehicle charging network through its subsidiary BP Pulse (formerly Chargemaster). |
| 2018 | BP purchased BHP's shale assets in Texas and Louisiana, including Petrohawk Energy, for $10.5 billion. |
| April 2018 | The internal BP email from mid-2017 was leaked, prompting the New Zealand Government to request a Commerce Commission investigation into regional pricing. |
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