BP: Difference between revisions

|work = [[Reuters]]

|work = [[Reuters]]

On 20 April 2010, the [[Deepwater Horizon oil spill|''Deepwater Horizon'' oil spill]], a major industrial accident, happened.<ref name=report2011/> Consequently, [[Bob Dudley]] replaced Tony Hayward as the company's CEO, serving from October 2010 to February 2020.<ref name=reuters300910>{{Cite news |url = https://uk.reuters.com/article/uk-bp-dividend/new-bp-ceo-says-hopes-to-restore-dividend-in-2011-idUKTRE68T3WR20100930 |archive-url = https://web.archive.org/web/20200302201441/https://uk.reuters.com/article/uk-bp-dividend/new-bp-ceo-says-hopes-to-restore-dividend-in-2011-idUKTRE68T3WR20100930 |url-status = dead |archive-date = 2 March 2020 |title = New BP CEO says hopes to restore dividend in 2011 |last1 = Young |first1 = Sarah |last2 = Falloon |first2 = Matt |work = [[Reuters]] |date = 30 September 2010 |access-date = 30 January 2011}}</ref><ref name="DudleyRetires">{{cite news |title=BP Chief Executive Bob Dudley Is to Retire |url=https://www.nytimes.com/2019/10/04/business/bp-ceo-bob-dudley-bernard-looney.html |last1=Reed |first1=Stanley |newspaper=The New York Times |date=4 October 2019 |access-date=28 February 2020}}</ref> BP announced a divestment program to sell about $38 billion worth of non-core assets to compensate its liabilities related to the accident.<ref name=wsj100912/><ref name=nasdaq>

|work=[[Reuters]]

|work=[[Reuters]]

|work=[[Reuters]]

|work=[[Reuters]]

|work=[[Reuters]]

  | work = [[Reuters]]

In 2011–2015, BP cut down its alternative energy business. The company announced its departure from the solar energy market in December 2011 by closing its solar power business, BP Solar.<ref name=reuters211211>{{cite news | work=[[Reuters]] | title = BP turns out lights at solar business | url= https://uk.reuters.com/article/us-bp-solar/bp-turns-out-lights-at-solar-business-idUSTRE7BK1CC20111221| archive-url= https://web.archive.org/web/20181205123303/https://uk.reuters.com/article/us-bp-solar/bp-turns-out-lights-at-solar-business-idUSTRE7BK1CC20111221| url-status= dead| archive-date= 5 December 2018| first1 = Tom | last1 = Bergin | first2 = Sarah | last2 = Young | date = 21 December 2011 | access-date=21 December 2011}}</ref> In 2012, BP shut down the [[BP Biofuels Highlands]] project which was developed since 2008 to make [[cellulosic ethanol]] from emerging energy crops like [[switchgrass]] and from [[biomass]].<ref name=sunshine>{{cite news | work= Sunshine State News | title = BP Changes Ethanol Plans in Florida | url= http://www.sunshinestatenews.com/story/bp-changes-ethanol-plans-florida | first1 = Michael | last1 = Peltier | date = 26 October 2012 | access-date=3 November 2012}}</ref><ref name=bfd261012>

In April 2017, the company reached an agreement to sell its [[Forties pipeline system]] in the North Sea to [[Ineos]] for $250 million. The sale included terminals at [[Dalmeny]] and Kinneil, a site in Aberdeen, and the Forties Unity Platform.<ref>{{cite news|title=BP sells Forties North Sea pipeline to Ineos|url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-39476674|access-date=3 April 2017|work=[[BBC News]]|date=3 April 2017}}</ref> In 2017, the company floated its subsidiary BP Midstream Partners LP, a pipeline operator in the United States, at the New York Stock Exchange. In Argentina, BP and [[Bridas Corporation]] agreed to merge their interests in Pan American Energy and Axion Energy to form a jointly owned Pan American Energy Group.<ref name=reuters110917>{{cite news|url= https://uk.reuters.com/article/uk-bp-bridas-m-a/bp-in-south-american-venture-with-argentinas-bridas-idUKKCN1BM1F7|archive-url= https://web.archive.org/web/20170911135552/http://uk.reuters.com/article/uk-bp-bridas-m-a/bp-in-south-american-venture-with-argentinas-bridas-idUKKCN1BM1F7|url-status= dead|archive-date= 11 September 2017|title=BP in South American venture with Argentina's Bridas | work=[[Reuters]] |date=11 September 2017 |access-date = 26 December 2017}}</ref>

In response to the [[2022 Russian invasion of Ukraine]], BP announced that it would sell its 19.75% stake in Rosneft, although no timeline was announced.<ref>{{cite news | url= https://www.bbc.co.uk/news/business-60548382|title=BP to offload stake in Rosneft amid Ukraine conflict|publisher=[[BBC News]]|date=27 February 2022|access-date=27 February 2022}}</ref> At the time of BP's decision, Rosneft's activities accounted for around half of BP's oil and gas reserves and a third of its production.<ref>{{Cite news |last1=Bousso |first1=Ron |last2=Zhdannikov |first2=Dmitry |date=27 February 2022 |title=BP retreats from Russia's Rosneft at cost of $25 bln over Ukraine invasion |language=en |work=[[Reuters]]|url=https://www.reuters.com/business/energy/britains-bp-says-exit-stake-russian-oil-giant-rosneft-2022-02-27/ |access-date=27 February 2022}}</ref> BP's decision came after the British government expressed concern about BP's involvement in Russia.<ref>{{Cite news |last=Strasburg |first=Max Colchester and Jenny |date=25 February 2022 |title=BP Faces Pressure From U.K. Government Over Stake in Russia's Rosneft |language=en-US |work=The Wall Street Journal |url=https://www.wsj.com/articles/bp-faces-pressure-from-u-k-government-over-stake-in-russias-rosneft-11645817245 |access-date=27 February 2022 |issn=0099-9660}}</ref><ref>{{Cite web |date=25 February 2022 |title=BP's ties to Russia draw UK government 'concern' |url=https://www.theguardian.com/business/2022/feb/25/bps-ties-to-russia-draw-uk-government-concern |access-date=27 February 2022 |website=[[The Guardian]] |language=en}}</ref> However, BP remained a Rosneft shareholder throughout the whole 2022 year, which caused some criticism from the Ukrainian president's office.<ref>{{cite news|url=https://www.bbc.com/news/63821028 | title=BP 'stands to receive blood money' from Ukraine war | date=2 December 2022 | publisher=[[BBC News]] |access-date=2 December 2022 }}</ref>

In October 2022, BP announced that it would be acquiring Archaea Energy Inc., a renewable natural gas producer, for $4.1 billion.<ref>{{Cite news |last1=Bousso |first1=Ron |last2=Soni |first2=Ruhi |date=17 October 2022 |title=BP to buy U.S. biogas producer Archaea for $4.1 bln |language=en |work=[[Reuters]]|url=https://www.reuters.com/markets/deals/archaea-energy-be-bought-by-bp-41-bln-including-debt-2022-10-17/ |access-date=17 October 2022}}</ref> In December 2022, it was announced BP had completed the acquisition of Archaea Energy Inc. for $3.3 billion.<ref>{{Cite web |title=TOP NEWS: BP completes USD3.3 billion acquisition of Archaea Energy {{!}} Financial News |url=https://www.lse.co.uk/news/top-news-bp-completes-usd33-billion-acquisition-of-archaea-energy-mbfybrzhf006ql2.html |access-date=29 December 2022 |website=www.lse.co.uk |language=en}}</ref> In November 2022, the company announced a large increase in profit for the period from July to September due to the high fuel prices caused by the [[2022 Russian invasion of Ukraine|Russian invasion of Ukraine]].<ref>{{cite news|url=https://www.bbc.com/news/business-63468313 | title=BP sees huge profit due to high oil and gas prices | date=November 2022 | publisher=[[BBC News]] |access-date=1 November 2022}}</ref>

In February 2020, BP announced a Joint Venture with [[EnBW]] to develop and operate 3GW off Offshore Wind capacity in the [[Crown Estate]] Leasing Round 4.<ref>{{Cite news|last=Twidale|first=Susanna|date=8 February 2021|title=RWE, Total, BP among winners in UK offshore wind farm auction|language=en|work=[[Reuters]]|url=https://www.reuters.com/article/us-britain-windpower-auction-idINKBN2A80RN|access-date=18 February 2021}}</ref> This is BP's first move into [[List of offshore wind farms in the United Kingdom|Britain's Offshore wind market]], however, BP currently provides a range of services to the Offshore Wind sector in the UK through its subsidiary ONYX InSight who provide a range of [[Predictive maintenance|Predictive Maintenance]] and Engineering Consultancy services to the sector.<ref>{{Cite news|date=23 January 2020|title=BP's unicorn seeker not afraid to back the occasional wrong horse - News for the Oil and Gas Sector|language=en-US|work=Energy Voice|url=https://www.energyvoice.com/renewables-energy-transition/219707/bps-unicorn-seeker-not-afraid-to-back-the-occasional-wrong-horse/|access-date=18 February 2021}}</ref>

{{As of|2019}}, BP produced about {{convert|300000|oilbbl/d}} of oil equivalent in the [[Gulf of Mexico]].<ref name=Ault19>{{cite news |title=BP to boost Gulf of Mexico spending as shale-focused rivals pull back |last=Resnick-Ault |first=Jessica |url=https://www.reuters.com/article/us-bp-oil-gulfmexico/bp-to-boost-gulf-of-mexico-spending-as-shale-focused-rivals-pull-back-idUSKCN1SC12F |work=[[Reuters]] |date=6 May 2019 |access-date=3 July 2019}}</ref> BP operates the [[Atlantis oil field|Atlantis]], [[Mad Dog oil field|Mad Dog]], Na Kika, and [[Thunder Horse oil field|Thunder Horse]] production platforms while holding interest in hubs operated by other companies.<ref name="Ambrose17">{{cite news |title=BP starts up new $1bn Gulf of Mexico project almost one year early |last1=Ambrose |first1=Jillian |url=https://www.telegraph.co.uk/business/2017/01/23/bp-starts-new-1bn-gulf-mexico-project-almost-one-year-early/ |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/business/2017/01/23/bp-starts-new-1bn-gulf-mexico-project-almost-one-year-early/ |archive-date=11 January 2022 |url-status=live |newspaper=[[The Daily Telegraph]] |date=23 January 2017 |access-date=25 May 2018|url-access=subscription}}{{cbignore}}</ref><ref name="BP-Gulf">{{cite web |url=https://www.bp.com/en_us/bp-us/what-we-do/exploration-and-production/deepwater-gulf-of-mexico.html |title=Gulf of Mexico |publisher=BP |access-date=25 May 2018}}</ref> In April 2023, BP launched a new oil rig, the ''Argos'', in the Gulf.<ref>{{cite news |last1=Drane |first1=Amanda |title=BP's Argos platform begins producing oil in the Gulf of Mexico |url=https://www.houstonchronicle.com/business/energy/article/bp-gulf-offshore-argos-platform-oil-production-17894070.php |access-date=7 June 2023 |work=Houston Chronicle |date=13 April 2023}}</ref>

BP has a stake in exploration of two blocks of offshore deepwater assets in the South China Sea.<ref name="China2012">{{cite news |title=BP gets OK for deepwater gas exploration |url=http://www.china.org.cn/business/2012-02/15/content_24640409.htm |work=China.org.cn |date=15 February 2012 |access-date=21 June 2012}}</ref><ref name="Xu2012">{{cite news |title=BP hopes to drill new S.China Sea gas block this yr |author=Wan Xu |author2=Wills, Ken|url= https://uk.reuters.com/article/bp-gas-china/bp-hopes-to-drill-new-s-china-sea-gas-block-this-yr-idUSL4E8DF2E320120215 |archive-url= https://web.archive.org/web/20181205122852/https://uk.reuters.com/article/bp-gas-china/bp-hopes-to-drill-new-s-china-sea-gas-block-this-yr-idUSL4E8DF2E320120215 |url-status= dead |archive-date= 5 December 2018 |work=[[Reuters]]|date=15 February 2012 |access-date=30 July 2012}}</ref>

BP operates in Iraq as part of the joint venture [[Rumaila Field Operating Organization|Rumaila Operating Organization]] in the [[Rumaila oil field]], the world's fourth largest oilfield, where it produced over {{convert|1|Moilbbl/d}} of oil equivalent in 2011.<ref name="ReutersOct2009">{{cite news |title=Iraq signs deal with BP, CNPC for Rumaila field |url=https://www.reuters.com/article/idINIndia-43021420091008 |work=[[Reuters]]|date=8 October 2009 |access-date=1 October 2012}}</ref><ref name="UPIJan11">{{cite news |title=BP reaches production milestone in Iraq |url= https://www.upi.com/Business_News/Energy-Industry/2011/01/12/BP-reaches-production-milestone-in-Iraq/UPI-97321294840756/ |work=[[United Press International|UPI]] |date=12 January 2011 |access-date=21 June 2012}}</ref> A BBC investigation found in 2022 that waste-gas was being burned as close as 350 meters from people's homes. A leaked report from [[Ministry of Health (Iraq)]] blamed air pollution for 20% rise in [[cancer]] in [[Basra]] between 2015 and 2018.<ref name=BBC1>[https://www.bbc.com/news/science-environment-63083634 BP in oil field where 'cancer is rife'], by Jess Kelly, Owen Pinnell & Esme Stallard, 30 September, [[BBC]]</ref> The Iraqi Ministry of Health has banned its employees from speaking about the health damage.<ref name=BBC1/> Iraqi Environment Minister Jassem al-Falahi later admitted that "pollution from oil production is the main reason for increases in local cancer rates."<ref>{{cite news|url=https://www.bbc.com/news/science-environment-63284896 |title=Iraqi minister admits gas flaring cancer link - BBC News|newspaper=[[BBC News]]|date=17 October 2022|access-date=2 December 2022}}</ref>

In Oman, BP currently has a 60% participation interest in Block 61. Block 61 is one of Oman's largest gas blocks with a daily production capacity of 1.5 billion cubic feet of gas and more than 65,000 barrels of condensate. It covers around 3,950&nbsp;km in central Oman and contains the largest tight gas development in the Middle East. On 1 February 2021, BP inked a deal to sell 20% participating interest in Block 61 to Thailand's [[PTT Exploration and Production|PTT Exploration and Production Public Company Ltd. (PTTEP)]] for a total of $2.6 billion. Upon closure of the sale, the BP will remain the block's operator with a 40% interest.<ref>{{cite web|date=1 February 2021|title=BP sells minority shares in Oman's Block 61 for $2.6 billion|url=https://wafoman.com/2021/02/01/bp-sells-minority-shares-in-omans-block-61-for-2-6-billion/?lang=en|access-date=1 February 2021|website=WAF|language=en-US}}</ref><ref>{{Cite news|date=1 February 2021|title=BP sells 20% stake in Oman gas development to Thailand's PTTEP|language=en|work=[[Reuters]]|url=https://www.reuters.com/article/uk-bp-divestiture-idUSKBN2A11QB|access-date=1 February 2021}}</ref>

BP operates the two largest oil and gas production projects in the Azerbaijan's sector of the Caspian Sea, the [[Azeri–Chirag–Guneshli]] offshore oil fields, which supplies 80% of the country's oil production, and the [[Shah Deniz gas field]]. It also and develops the [[Shafag-Asiman]] complex of offshore geological structures.<ref name="Neff2010">{{cite news |title=BP Chief Reassures Azerbaijan on U.K. Firm's Commitment amid Talk of Asset Sales |first=Andrew |last = Neff |url= https://ihsmarkit.com/country-industry-forecasting.html?id=106594069 |work=Global Insight |date=7 July 2010 |access-date=30 July 2012}}</ref><ref name="Yevgrashina2012">{{cite news |title=BP to boost investment in Azeri projects in 2012 |first=Lada | last =Yevgrashina |url=https://www.reuters.com/article/azerbaijan-bp-investment-idUSL5E8E17K820120301 |work=[[Reuters]]|date=1 March 2012 |access-date=21 June 2012}}</ref><ref name=today>{{cite news | url= http://today.az/news/business/70583.html | title= SOCAR and BP sign agreement on development project of oil and gas structures in Azerbaijan | publisher= [[Today.az]] | date=6 July 2010 | access-date=6 July 2010}}</ref> In addition, it operates the [[Sangachal Terminal|Sangachal terminal]] and the Azerbaijan's major export pipelines through [[Georgia (country)|Georgia]] such as [[Baku–Tbilisi–Ceyhan pipeline|Baku–Tbilisi–Ceyhan]], [[Baku–Supsa Pipeline|Baku–Supsa]] and [[South Caucasus Pipeline|South Caucasus]] pipelines.<ref>{{cite news |last=Yumich |first=Seth |title= BP-Georgia General Director – Mr. Neil Dunn |url=http://www.the-american-times.com/bp-georgia-general-director-mr-neil-dunn/2013/01/12 |work=The American Times  | date= 12 January 2013 |access-date=27 May 2013}}</ref>

BP had plans to drop its oil and gas production to fall by at least one million barrels a day by 2030, a 40% reduction on 2019 levels, but this was scrapped in October 2024, with plans for an increase in production instead.<ref name=":4">{{Cite web |last=Bousso |first=Ron |date=October 7, 2024 |title=Exclusive: BP abandons goal to cut oil output, resets strategy |url=https://www.reuters.com/business/energy/bp-drops-oil-output-target-strategy-reset-sources-say-2024-10-07/ |access-date=October 9, 2024 |website=[[Reuters]]}}</ref><ref name=cnn040820/>

BP downstream's activities include the refining, marketing, manufacturing, transportation, trading and supply of [[crude oil]] and [[petroleum product]]s.<ref name="Forbes2012"/> Downstream is responsible for BP's fuels and lubricants businesses, and has major operations located in Europe, North America and Asia.<ref name="ReutersProfile2012">{{cite news |title=Profile: BP PLC (BP) |url=https://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=BP |archive-url=https://web.archive.org/web/20100210091851/http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=BP |url-status=dead |archive-date=10 February 2010 |work=[[Reuters]]|access-date=7 June 2012}}</ref> As of 2018, BP owned or had a share in 11&nbsp;refineries.<ref name="AR18-USrefinery"/>

BP, which employs about 1,800&nbsp;people in oil trading and trades over {{convert|5|Moilbbl/d}} of oil and refined products, is the world's third-biggest oil trader after [[Royal Dutch Shell]] and [[Vitol]].<ref name="Reuters BP trading"/> The operation is estimated to be able to generate over $1&nbsp;billion trading profits in a good year.<ref name="Reuters BP trading">{{cite news|last1=Bousso|first1=Ron|last2=Zhdannikov|first2=Dmitry|title=BP sees trading benefits from oil boom in the Americas|url=http://uk.reuters.com/article/uk-bp-refining-trading-idUKKBN1701KN|archive-url=https://web.archive.org/web/20170329122411/http://uk.reuters.com/article/uk-bp-refining-trading-idUKKBN1701KN|url-status=dead|archive-date=29 March 2017|access-date=29 March 2017|work=[[Reuters]]|date=29 March 2017}}</ref>

Investigative journalism by [[Panorama (TV programme)|BBC Panorama]] and Africa Eye aired in June 2019 criticising BP for the way in which it had obtained the development rights of Cayar Offshore Profond and St. Louis Offshore Profond blocks, off the coast of [[Senegal]] in 2017. In 2012, a [[Frank Timiș]] company, Petro-Tim, though previously unknown to the oil industry, was awarded a license to explore the blocks despite having no known record in the industry. Soon after, Aliou Sall, brother of Senegal's president, [[Macky Sall]], was hired at the company, implying a conflict of interest,<ref name=":1">{{Cite news|url=https://uk.reuters.com/article/uk-senegal-politics-energy/senegal-justice-ministry-calls-for-inquiry-into-energy-contracts-idUKKCN1TB29Z|archive-url=https://web.archive.org/web/20190610204949/https://uk.reuters.com/article/uk-senegal-politics-energy/senegal-justice-ministry-calls-for-inquiry-into-energy-contracts-idUKKCN1TB29Z|url-status=dead|archive-date=10 June 2019|title=Senegal justice ministry calls for inquiry into energy contracts|date=10 June 2019|work=[[Reuters]]|access-date=16 June 2019}}</ref> causing public outrage in Senegal. The 2019 program by BBC Panorama and Africa Eye accuses BP of a failure in [[due diligence]] when it agreed on a deal with Timis Corporation in 2017. The deal by BP is expected to provide substantial royalties to Frank Timiș despite accusations of initially obtaining the exploration rights through corruption. [[Kosmos Energy]] was also implicated.<ref>{{Cite web|url=http://www.kosmosenergy.com/latest-news/response-to-bbc-panorama/|title=Response to BBC Panorama|date=6 June 2019|website=Kosmos Energy {{!}} Deepwater Exploration and Production|language=en-US|access-date=16 June 2019}}</ref> BP refutes any implications of improper conduct. Regarding the acquisition of Timis Corporation interests in Senegal in April 2017, BP states that it "paid what it considered a fair market value for the interests at this stage of exploration/development". However, BP has not made public what was the basis of the valuation, and states that "the details of the deal are confidential".<ref>{{Cite news|url=https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/what-we-do/worldwide/bbc-panorama-response-english.pdf|title=BP Response to BBC Panorama Programme|date=6 June 2019|work=BP Press Release|access-date=16 June 2019}}</ref> BP argues that "the amount which would be paid separately by BP to Timis Corporation would be less than one percent of what the Republic of Senegal would receive". Senegal's justice ministry has called an inquiry into the energy contracts.<ref name=":1" />

In 2014, BP backed a global study researching challenges for lesbian, gay, bisexual and transgender employees and for ways that companies can be a "force for change" for LGBT workers around the world.<ref name="FT14">{{cite news |title=BP backs global discrimination research |url=https://www.ft.com/content/6c0d3d2a-924d-11e3-9e43-00144feab7de |newspaper=[[Financial Times]] |date=10 February 2014 |access-date=7 November 2017}}</ref> In 2015, [[Reuters]] wrote that BP is "known for their more liberal policies for gay and transgender workers".<ref name="Driver15">{{cite news |title=Exxon adds discrimination protections in U.S. for LGBT workers |last1=Driver |first1=Anna |url=https://www.reuters.com/article/us-exxon-lgbt/exxon-adds-discrimination-protections-in-u-s-for-lgbt-workers-idUSKBN0L32D420150130 |newspaper=[[Reuters]] |date=30 January 2015 |access-date=7 November 2017}}</ref> A 2016 article in the ''Houston Chronicle'' said BP was "among the first major companies in the United States to offer LGBT workers equal protection and benefits roughly 20 years ago".<ref>{{cite news |title=In energy sector, coming out 'can put you at risk' |last1=Blum |first1=Jordan |url=http://www.houstonchronicle.com/news/houston-texas/houston/article/In-energy-sector-coming-out-can-put-you-at-risk-6764343.php |newspaper=[[Houston Chronicle]] |date=16 January 2016 |access-date=7 November 2017}}</ref> BP scored a 100% on the 2018 Human Rights Campaign's Corporate Equality Index, which was released in 2017, although this was the most common score.<ref name="EqualityIndex18">{{cite web |url=https://assets2.hrc.org/files/assets/resources/CEI-2018-FullReport.pdf?_ga=2.206231312.2055568906.1510934209-601590341.1510934209 |title=Corporate Equality Index 2018 |publisher=[[Human Rights Campaign]] |access-date=17 November 2017}}</ref> Also in 2017, BP added gender reassignment surgery to its list of benefits for U.S. employees.<ref name="Hunn17">{{cite news |title=BP boosts benefits, includes gender reassignment surgery |last1=Hunn |first1=David |url=http://www.chron.com/business/energy/article/BP-boosts-benefits-includes-gender-reassignment-11172800.php |newspaper=[[Houston Chronicle]] |date=26 May 2017 |access-date=7 November 2017}}</ref> According to the Human Rights Campaign, BP is one of only a few oil and gas companies offering transgender benefits to its employees.<ref name="Hunn17" /> BP ranked No. 51 on the list of Top 100 employers for lesbian, gay, bisexual and transgender staff on the 2017 Stonewall Workplace Equality Index.<ref name="SWEI">{{cite web |url=http://www.stonewall.org.uk/sites/default/files/top_100_employers_2017-web_0.pdf |title=Stonewall Workplace Equality Index |publisher=Stonewall |access-date=7 November 2017 |archive-url=https://web.archive.org/web/20180205103741/http://www.stonewall.org.uk/sites/default/files/top_100_employers_2017-web_0.pdf |archive-date=5 February 2018 |url-status=dead }}</ref> Also in 2017, John Mingé, chairman and president of BP America, signed a letter alongside other Houston oil executives denouncing the proposed "bathroom bill" in Texas.<ref name="Andrews17">{{cite news |title=Houston oil executives join Dallas business leaders in denouncing Texas 'bathroom bill' |last1=Andrews |first1=Travis M. |url=https://www.washingtonpost.com/news/morning-mix/wp/2017/08/01/houston-oil-executives-join-dallas-business-leaders-in-denouncing-texas-bathroom-bill/ |newspaper=[[The Washington Post]] |date=1 August 2017 |access-date=7 November 2017}}</ref>

  | work=[[Reuters]]

In March 2006, corrosion of a BP Exploration Alaska (BPXA) oil transit pipeline in [[Prudhoe Bay]] transporting oil to the [[Trans-Alaska Pipeline System|Trans-Alaska Pipeline]] led to a five-day leak and the largest oil spill on [[Alaska North Slope|Alaska's North Slope]].<ref name="Roach2006" /> According to the Alaska Department of Environmental Conservation (ADEC), a total of {{convert|212252|USgal|oilbbl m3}} of oil was spilled, covering {{convert|2|acre}} of the North Slope.<ref name="ADECMar2008">{{cite web |url=http://www.dec.state.ak.us/SPAR/PERP/response/sum_fy06/060302301/sitreps/060302301_sr_23.pdf |title=GC-2 Oil Transit Line Release Situation Report |date=28 March 2008 |work=dec.state.ak.us |publisher=Alaska Department of Environmental Conservation |access-date=21 January 2013}}</ref> BP admitted that cost-cutting measures had resulted in a lapse in monitoring and maintenance of the pipeline and the consequent leak. At the moment of the leak, [[pipeline inspection gauges]] (known as "pigs") had not been run through the pipeline since 1998.<ref name="Rosen2007"/><ref name="Baltimore2007">{{cite news |title=BP admits budget a factor in Alaska spill |first1=Chris |last1=Baltimore |first2=Robert |last2=Campbell |url=https://uk.reuters.com/article/uk-bp-alaska-congress/bp-admits-budget-a-factor-in-alaska-spill-idUKN1619278420070516 |archive-url=https://web.archive.org/web/20200802152233/https://uk.reuters.com/article/uk-bp-alaska-congress/bp-admits-budget-a-factor-in-alaska-spill-idUKN1619278420070516 |url-status=dead |archive-date=2 August 2020 |work=[[Reuters]] |date=16 May 2007 |access-date=21 January 2013}}</ref><ref>{{Cite news|author=Andrew Clark in New York |url=https://www.theguardian.com/environment/2007/may/01/energy.business |title=BP accused of 'draconian' cost cuts prior to Alaskan pipeline spill |work=[[The Guardian]] |date= 1 May 2007|access-date=5 June 2010 | location=London}}</ref><ref>{{cite journal |url=https://money.cnn.com/magazines/fortune/fortune_archive/2006/10/16/8388595/index.htm |title=Can BP bounce back? A disastrous leak. A deadly explosion. CEO John Browne must turn his troubled oil giant around, but time is running out. |last=Schwartz |first=Nelson D. |date=31 October 2006 |journal=Fortune |publisher=CNN |access-date=17 March 2013}}</ref> BP completed the clean-up of the spill by May 2006, including removal of contaminated gravel and vegetation, which was replaced with new material from the Arctic tundra.<ref name="ADECMar2008"/><ref name="Benschoten2006">{{cite news |title=BP Prudhoe Bay Oil Leak Cleanup Completed |author=Andrea Lyn Van Benschoten |url=http://www.manufacturing.net/articles/2006/05/bp-prudhoe-bay-oil-leak-cleanup-completed?menuid=272 |publisher=Manufacturing.net |date=22 May 2006 |access-date=22 January 2013}}</ref>

After the shutdown, BP pledged to replace {{convert|26|km}} of its Alaskan oil transit pipelines<ref name="Nelson2007">{{cite news |title=BP replacing entire transit system |author=Kristen Nelson |url=http://www.petroleumnews.com/pntruncate/954556022.shtml |work=Petroleum News |date=18 February 2007 |access-date=22 January 2013}}</ref><ref name="HeraldMar2008">{{cite news|title=BP to start replacing Alaska pipelines |url=http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=afa03605-518e-4450-844b-234254a762ed |work=Calgary Herald |date=1 March 2008 |access-date=22 January 2013 |url-status = dead|archive-url=https://web.archive.org/web/20130521044758/http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=afa03605-518e-4450-844b-234254a762ed |archive-date=21 May 2013 }}</ref> and the company completed work on the {{convert|16|mi}} of new pipeline by the end of 2008.<ref name="BPPrudhoeBayFact">{{cite web|url=http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/A/abp_wwd_alaska_prudhoe_bay_fact_sheet.pdf |title=Greater Prudhoe Bay |year=2012 |publisher=BP |access-date=22 January 2013 |url-status = dead|archive-url=https://web.archive.org/web/20101229141741/http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/A/abp_wwd_alaska_prudhoe_bay_fact_sheet.pdf |archive-date=29 December 2010 }}</ref> In November 2007, BP Exploration, Alaska pleaded guilty to negligent discharge of oil, a misdemeanour under the federal [[Clean Water Act]] and was fined US$20&nbsp;million.<ref name="corrosion">[http://puc.sd.gov/commission/dockets/hydrocarbonpipeline/2007/Hp07-001/webexhibit8.pdf "BP fined $20 million for pipeline corrosion"], [[Anchorage Daily News]], 26 October 2007. Retrieved 11 November 2007.</ref> There was no charge brought for the smaller spill in August 2006 due to BP's quick response and clean-up.<ref name="Rosen2007">{{cite news |title=BP set to plead in Prudhoe Bay pipeline case |first=Yereth | last=Rosen |url=https://www.reuters.com/article/uk-bp-alaska/bp-set-to-plead-in-prudhoe-bay-pipeline-case-idUKN2864909420071129 | work=[[Reuters]]|date=29 November 2007 |access-date=21 January 2013}}</ref> On 16 October 2007, ADEC officials reported a "toxic spill" from a BP pipeline in Prudhoe Bay comprising {{convert|2000|USgal}} of primarily [[methanol|methanol (methyl alcohol)]] mixed with crude oil and water, which spilled onto a gravel pad and frozen tundra pond.<ref name="ktuu">{{Cite news|url=http://www.ktuu.com/Global/story.asp?S=7221594 |archive-url=https://web.archive.org/web/20071113155521/http://www.ktuu.com/Global/story.asp?S=7221594 |archive-date=13 November 2007 |title=Methanol and crude spill from Prudhoe Bay pipeline |publisher=2 News KTUU.com |agency=Associated Press |date=16 October 2007 |access-date=11 June 2010}}</ref>

  | work= [[Reuters]]

  | work= [[Reuters]]

  | work= [[Reuters]]

  | work=[[Reuters]]

</ref> On 20 April 2010, the semi-submersible exploratory offshore drilling rig ''[[Deepwater Horizon]]'' located in the [[Macondo Prospect]] in the Gulf of Mexico [[Deepwater Horizon explosion|exploded]] after a [[Blowout (well drilling)|blowout]]. After burning for two days, the rig sank. The well was finally capped on 15 July 2010. Of {{convert|4.9|Moilbbl|MUSgal m3}} of leaked oil {{convert|810000|oilbbl|MUSgal m3}} was collected or burned while {{convert|4.1|Moilbbl|MUSgal m3}} entered the Gulf waters.<ref name=reuters220213>{{cite news | url= https://uk.reuters.com/article/us-bp-spill/u-s-gulf-coast-oil-spillers-about-to-face-day-in-court-idUSBRE91K1CJ20130222 | archive-url= https://web.archive.org/web/20200727043632/https://uk.reuters.com/article/us-bp-spill/u-s-gulf-coast-oil-spillers-about-to-face-day-in-court-idUSBRE91K1CJ20130222 | url-status= dead | archive-date= 27 July 2020 |title= U.S. Gulf Coast oil spillers about to face day in court | first1 = Kristen | last1 = Hays | first2 = Braden | last2 = Reddall | work=[[Reuters]] |date=22 February 2013 |access-date = 7 June 2013}}</ref><ref name=chron270413>{{cite news | url = http://www.chron.com/business/energy/article/BP-seeks-to-spread-blame-as-first-phase-of-spill-4443183.php |title= BP seeks to spread blame as first phase of spill trial ends | first1 = Harry R. | last1 = Weber | newspaper = [[Houston Chronicle]] |date=27 April 2013 | access-date = 7 June 2013}}</ref> {{convert|1.8|e6USgal|m3}} of [[Corexit]] dispersant was applied.<ref>{{cite news|title=US to give BP evidence on size of Gulf oil spill |url= https://www.reuters.com/article/us-bp-oilspill/u-s-to-give-bp-evidence-on-size-of-gulf-oil-spill-idUSBRE83A1FR20120411| first=Jonathan |last=Stempel | work = [[Reuters]]| date= 11 April 2012 |access-date = 17 November 2012}}</ref><ref>{{cite news |title= One Year After BP Oil Spill, At Least 1.1 Million Barrels Still Missing |url= http://www.scientificamerican.com/article.cfm?id=one-year-after-bp-oil-spill-millions-of-barrels-oil-missing |newspaper= Scientific American |first= David |last= Biello |date= 25 April 2011 |access-date= 17 November 2012 |archive-url= https://web.archive.org/web/20121114075809/http://www.scientificamerican.com/article.cfm?id=one-year-after-bp-oil-spill-millions-of-barrels-oil-missing |archive-date= 14 November 2012 |url-status = dead|df= dmy-all }}</ref>

</ref> Researchers say the oil and dispersant mixture, including [[Polycyclic aromatic hydrocarbon|PAHs]], permeated the [[food chain]] through [[zooplankton]].<ref name="AutoBB-174">{{cite news|last=Schneyer |first=Joshua |url= https://uk.reuters.com/article/us-oil-spill-carcinogens/u-s-oil-spill-waters-contain-carcinogens-report-idUSTRE68T6FS20100930 |archive-url= https://web.archive.org/web/20180905070649/https://uk.reuters.com/article/us-oil-spill-carcinogens/u-s-oil-spill-waters-contain-carcinogens-report-idUSTRE68T6FS20100930 |url-status= dead |archive-date= 5 September 2018 |title=U.S. oil spill waters contain carcinogens: report |work=[[Reuters]]|date=27 September 2010 |access-date=1 October 2010}}</ref><ref name="ortmann">{{cite journal | title= Dispersed Oil Disrupts Microbial Pathways in Pelagic Food Webs | first1 = Alice C. | last1 = Ortmann | first2 = Jennifer |last2 = Anders | first3 = Naomi | last3 = Shelton | first4 = Limin | last4 =Gong | first5 = Anthony G. | last5 = Moss | first6 = Robert H. | last6 = Condon | journal = [[PLOS One]] |date=July 2012 | volume = 7 | issue = 7 | doi = 10.1371/journal.pone.0042548 | pmid = 22860136 | id  =e42548 | pages = e42548 | pmc=3409195| bibcode = 2012PLoSO...742548O | doi-access = free }}</ref><ref name="AutoBB-187">{{cite journal|url=https://www.sciencedaily.com/releases/2012/03/120320142100.htm |title=Oil from Deepwater Horizon disaster entered food chain in the Gulf of Mexico |journal=Geophysical Research Letters |volume=39 |pages=n/a |doi=10.1029/2011GL049505 |publisher=Sciencedaily.com |date=20 March 2012 |access-date=1 June 2012|last1=Mitra |first1=Siddhartha |last2=Kimmel |first2=David G. |last3=Snyder |first3=Jessica |last4=Scalise |first4=Kimberly |last5=McGlaughon |first5=Benjamin D. |last6=Roman |first6=Michael R. |last7=Jahn |first7=Ginger L. |last8=Pierson |first8=James J. |last9=Brandt |first9=Stephen B. |last10=Montoya |first10=Joseph P. |last11=Rosenbauer |first11=Robert J. |last12=Lorenson |first12=Thomas D. |last13=Wong |first13=Florence L. |last14=Campbell |first14=Pamela L. |issue=1 |hdl=10342/4283 |hdl-access=free |bibcode=2012GeoRL..39.1605M |s2cid=46759667 }}</ref> Toxicological effects have been documented in [[benthic]] and [[pelagic]] fish, [[estuarine]] communities, mammals, birds and turtles, deep-water corals, plankton, [[foraminifera]], and microbial communities. Effects on different populations consist of increased mortality or as sub-lethal impairment on the organisms' ability to forage, reproduce and avoid predators.<ref name=ainsworth/> In 2013, it was reported that dolphins and other marine life continued to die in record numbers with infant dolphins dying at six times the normal rate,<ref>{{cite web|url= https://www.seeker.com/record-dolphin-sea-turtle-deaths-since-gulf-spill-1767378408.html |title=Record Dolphin, Sea Turtle Deaths Since Gulf Spill|work=DNews|access-date=15 March 2015}}</ref> and half the [[dolphin]]s examined in a December 2013 study were seriously ill or dying. BP said the report was "inconclusive as to any causation associated with the spill."<ref name="dolphins-huffpo-2-14">{{cite news | url=http://www.huffingtonpost.ca/2014/02/12/bp-oil-spill-dolphins_n_4774754.html | title=BP Oil Spill: Dolphins Plagued By Death, Disease Years After Rig Explosion | work=[[HuffPost]] | date=12 February 2014 | access-date=17 February 2014}}</ref><ref name="Independent-dolphins-2-14">{{cite news | url=https://www.independent.co.uk/news/world/americas/dolphins-suffering-miscarriage-lung-disease-losing-teeth-after-bp-oil-spill-researchers-claim-9134045.html | title=Dolphins 'suffering miscarriage, lung disease, losing teeth after BP oil spill' researchers claim | work=[[The Independent]] | date=17 February 2014 | access-date=17 February 2014 | author=Gander, Kashmira | location=London}}</ref>

On 2 March 2012, BP and businesses and residents affected by the spill reached a settlement of roughly 100,000&nbsp;suits claiming economic losses. BP estimated that the settlement cost more than $9.2 billion.<ref name="2014 appeal fail">{{cite news | url=https://www.reuters.com/article/us-bpspill-ruling-idUSBREA0A04920140111 | title=BP appeal to stop 'fictitious' U.S. oil spill claims fails |  date=11 January 2014 | work=[[Reuters]]| access-date=18 January 2014}}</ref><ref name=settleAP>{{cite news|title=BP begins to put spill behind it with settlement|first1 =Jonathan | last1 = Fahey | first2 = Chris | last2 = Kahn |date=3 March 2012|newspaper =[[Boston Globe]]|agency=[[Associated Press]]|url=https://www.boston.com/news/nation/articles/2012/03/03/bp_begins_to_put_spill_behind_it_with_settlement/|access-date=18 January 2014}}</ref>

  | work = [[Reuters]]

  | work = [[Reuters]]

<ref name=reut1808>{{cite news|url=https://www.reuters.com/article/us-oilmajors-production-idUSL169721220080801|first = Tom | last = Bergin |title=Oil majors' output growth hinges on strategy shift|access-date=15 March 2012|work=[[Reuters]]|date=1 August 2008}}</ref>

<ref name=reuters150513>{{cite news |url=https://uk.reuters.com/article/uk-oil-pricing-britain/oil-pricing-probe-widens-britain-pledges-tough-action-idUKBRE94E0K620130515|archive-url=https://web.archive.org/web/20170917171659/http://uk.reuters.com/article/uk-oil-pricing-britain/oil-pricing-probe-widens-britain-pledges-tough-action-idUKBRE94E0K620130515|url-status=dead|archive-date=17 September 2017|title=Oil pricing probe widens, Britain pledges tough action |first1=William |last1=James |first2=Dmitry |last2=Zhdannikov |work=[[Reuters]]|date=15 May 2013 |access-date=15 May 2013}}</ref>

<ref name=reuters240608>{{cite news |url=https://www.reuters.com/article/tse-delistings/boeing-bp-to-delist-shares-from-tokyo-bourse-idUST25411520080624 |title=Boeing, BP to delist shares from Tokyo bourse |author=Yumiko Nishitani |work=[[Reuters]]|date=24 June 2008 |access-date=15 May 2013}}</ref>

<ref name=reuters120613>{{cite news |url=https://www.reuters.com/article/bp-reserves/update-3-bp-cuts-global-gas-reserves-estimate-mostly-for-russia-idUSL5N0EO1I720130612 |title=BP cuts global gas reserves estimate, mostly for Russia |first1=Alex |last1=Lawler |first2=Dmitry |last2=Zhdannikov |work=[[Reuters]]|date=12 June 2013 |access-date=17 June 2013}}</ref>

<ref name="Hasterok2012">{{cite news |title=BP investigates fatal Colorado natgas blast |first=Pamela |last=Hasterok |url=https://www.reuters.com/article/us-explosion-bp-idUSBRE85P1GE20120626 |work=[[Reuters]]|date=26 June 2012 |access-date=25 July 2012}}</ref>

<ref name=reuters17062014>{{Cite news|url=https://www.reuters.com/article/us-bp-lng-idUSKBN0ES0O920140617|title=BP to sign $20 billion LNG supply deal with China's CNOOC|first1=Vladimir |last1=Soldatkin |first2=Oleg |last2=Vukmanovic |first3=Nina |last3=Chestney |date=17 June 2014 |work=[[Reuters]] |access-date=2 April 2016}}</ref>

<ref name=reuters271010>{{Cite news|url=https://www.reuters.com/article/venezuela-oil-tnk-bp/venezuela-says-bps-asset-sale-valued-at-800-mln-idUSN2728260120101027|title=Venezuela says BP's asset sale valued at $800 mln |work=[[Reuters]]|first1=Marianna |last1=Parraga |first2=Daniel |last2=Wallis |date=27 October 2010 |access-date=10 September 2012}}</ref>

<ref name=reuters100920>{{cite news |title=BP enters offshore wind with $1.1 billion Equinor deal |url=https://uk.reuters.com/article/us-equinor-bp/bp-enters-offshore-wind-with-1-1-billion-equinor-deal-idUKKBN2610OT |archive-url=https://web.archive.org/web/20200910135928/https://uk.reuters.com/article/us-equinor-bp/bp-enters-offshore-wind-with-1-1-billion-equinor-deal-idUKKBN2610OT |url-status=dead |archive-date=10 September 2020 |work=[[Reuters]]|date=10 September 2020 |access-date=15 October 2020 |first1=Nerijus |last1=Adomaitis |first2=Ron |last2=Bousso}}</ref>

<ref name=reuters270819>{{cite news |title=BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp |url=https://www.reuters.com/article/us-bp-divestiture-idUSKCN1VH21N/ |work=[[Reuters]]|date=27 August 2019 |access-date=15 October 2020 |first1=Ron |last1=Bousso |first2=Tanishaa |last2=Nadkar}}</ref>

<ref name="ReutersJan2010">{{cite news |title=Factbox: Money flows again in Canada's oil sands industry |url=https://www.reuters.com/article/us-oilsands-factbox-idUKTRE60P5VA20100126 |first=Jeffrey |last=Jones |work=[[Reuters]]|date=20 January 2010 |access-date= 9 November 2020}}</ref>

<ref name="reuters240620">{{cite news |title=BP's stranded Canadian, Angolan assets expose wider industry risks |url=https://www.reuters.com/article/us-bp-strandedassets-analysis-idUSKBN23V1ZY |work=[[Reuters]]|date=24 June 2020 |access-date=9 November 2020 |first1=Ron |last1=Bousso |first2=Shadia |last2=Nasralla}}</ref>

<ref name=reuters210518>{{cite news | url= https://uk.reuters.com/article/us-bp-ceo-exclusive/exclusive-bp-back-on-its-feet-but-ceo-senses-no-respite-idUKKCN1IM0E8 | archive-url= https://web.archive.org/web/20180521061933/https://uk.reuters.com/article/us-bp-ceo-exclusive/exclusive-bp-back-on-its-feet-but-ceo-senses-no-respite-idUKKCN1IM0E8 | url-status= dead | archive-date= 21 May 2018 | title= Exclusive: BP back on its feet but CEO senses no respite | first1 = Ron | last1 = Bousso | first2 = Dmitry | last2 = Zhdannikov | date = 21 May 2018| work= [[Reuters]] | access-date= 27 May 2018}}</ref>

<ref name=reuters140911>{{cite news |title= BP expands Brazil ethanol operations |url= https://www.reuters.com/article/bp-ethanol-brazil-idUSS1E78D0BP20110914 |work=[[Reuters]]|date=14 September 2011 |access-date= 27 April 2013}}</ref>

<ref name=reuters151217>{{cite news | work=[[Reuters]] | title = BP returns to solar with investment in Lightsource | url= https://uk.reuters.com/article/uk-lightsource-bp-stake/bp-returns-to-solar-with-investment-in-lightsource-idUKKBN1E90GW | archive-url= https://web.archive.org/web/20171215135056/https://uk.reuters.com/article/uk-lightsource-bp-stake/bp-returns-to-solar-with-investment-in-lightsource-idUKKBN1E90GW | url-status= dead | archive-date= 15 December 2017 | first1 = Ron | last1 = Bousso | first2 = Susanna | last2 = Twidale | date = 15 December 2017 | access-date = 15 February 2019}}</ref>

<ref name=reuters161220>{{Cite news|title=BP takes majority stake in U.S. carbon offset firm Finite Carbon|url=https://www.reuters.com/article/us-bp-carbonoffset-usa/bp-takes-majority-stake-in-u-s-carbon-offset-firm-finite-carbon-idUSKBN28Q10C|work=[[Reuters]]|date=16 December 2020 |access-date=26 December 2020}}</ref>