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2019 Vault Rankings

At a Glance


Employees praise the excellent pay and benefits, and many have access to flexible work schedules.


Everything seems to move slowly at BP.

The Bottom Line

BP employees don't like that the company's legacy will be tied to polluting the Gulf, but they say the company mostly treats them right.

About BP Corporation North America Inc.

British Petroleum, better known by its initials BP, is one of the largest oil and gas companies in the world. With proven reserves of 18 million-plus barrels of oil equivalents, BP explores, produces and sells oil and gas, as well as fuels, lubricants, wind power, and biofuels. With presence in 70 counties, it sells 15 million tons of petrochemical products annually through contracts or via 18,300 retail sites. Major company brands include eponymous BP, as well as AMOCO, ampm, Aral, and Castrol.


BP has two major operating segments: Upstream and Downstream. A third segment Rosneft is also reported.

The downstream segment is BP’s primary earner, bringing in some 85% of total sales. BP manages the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers.

Upstream activities (some 15% of revenue) include oil and natural gas exploration, field development and production, transportation, storage and processing. BP also markets and trades LNG and natural gas liquids.

BP has a 20% equity interest Rosneft, the biggest oil producer in Russia, and although reported as a separate operating segment, BP reports no sales under this segment.

BP has other biofuels and wind businesses, shipping and corporate activities worldwide, making up only a tiny fraction of total sales.

Geographic Reach

Upstream, BP is active in the North Sea and the Norwegian Sea, Gulf of Mexico, Canada, Mexico, Brazil, Trinidad & Tobago, Abu Dhabi, Azerbaijan, Australia and East Indonesia. In the US, BP has upstream activities in Alaska, Arkansas, Colorado, New Mexico, Oklahoma, Texas and Wyoming.

Downstream, BP has major refineries in the US North West (Cherry Point), Rockies (Whiting and Toledo), as well as refineries in Germany, Netherlands, Spain, South Africa, New Zealand and Australia.

Close to 55% of BP revenue comes from the US. The rest is spread across the world.

Sales and Marketing

BP primarily sells oil and gas through pipelines and by ship, truck and rail, serving some 12,000 customers across 140 countries annually. It has more than 60,000 suppliers, helping it sell 15 million tons of petrochemical products annually through contracts or via 18,300 retail sites.

Major company brands include eponymous BP, as well as AMOCO, ampm, Aral, and Castrol. With some 2,500 service stations, Aral is one of the most recognized brands in Europe, while BP and Castrol are leading brands of motor oil and lubricants. US retail brand ampm has more than 1000 locations throughout the US west coast.

Financial Performance

The 2014 oil and commodity price downturn slashed BP revenue from a $380 billion peak in 2013 to a decade-low of $183 billion in 2016. Net earnings plummeted similarly, from a sizable $23 billion in 2013 to a $6 billion loss just two years later. Though net income has crawled back out of the red, profits remains a fraction of BP’s typical pre-2014 levels.

BP revenue grew 30% in 2017 to $240 billion, up from $183 billion the year prior. This was primarily due to a $52 billion increase in revenue from its downstream segment, followed by a $13 billion revenue hike from the upstream segment.

Net income shot up from $170 million to $3.5 billion, mostly from improved prices.

Cash holdings increased some $2 billion to a total of $25.5 billion in 2017. Operations provided $19 billion. Investments utilized $14 billion, and a further $3 billion was used up in financing activities. CAPEX was $16.5 billion.


BP, like its closest peers, has been hit hard by the oil price downturn of 2014. Revenue reduced from a peak of $380 billion in 2013 to $180 billion in 2016, before recovering partially the following year. However, with recovering oil prices and renewed oil & gas activity, the company is following a strategy of diversification—in both the resources it produces, as well as the markets it sells to. 

On the production side, BP has launched 13 major projects in the last two years in diverse regions like Trinidad, India and the Gulf of Mexico. It is also exploring possible acquisitions in the Santos Basin of Brazil. The company is in line with its goal to produce 900,000 barrels of new production per day by 2021. It posted one of the most successful exploration years in 2017, with a decade-high reserve replacement ratio. 

A bigger, bolder news came in July 2018, when BP announced plans to acquire oil and gas field assets from BHP Billiton in a $10.5 billion deal. This bold acquisition is seen as a second chance for BP to enter the lucrative American shale business. Its 2010 Deepwater Horizon disaster—with a concomitant $60 billion damage bill—unraveled its first attempt. 

While BP is not exactly racing to become a renewable pioneer any time soon, the company is also steadily diversifying its portfolio to include green technology, though its scope remains limited. Along with its three-dozen partnership investments in clean energy, BP recently tied up with the company Lightsource to invest in large-scale solar projects.

Downstream, BP has equally ambitious plans to expand its marketing businesses. The company has steadily increased its retail fuel offerings in growth markets like Mexico, India, Indonesia. In China, BP even entered a joint venture with DongMing Petrochemical for further market penetration. In 2017, the company registered impressive growth from its Premium fuels and lubricants businesses, which should be further boosted by several planned partnerships with major automakers. The company also reported an upswing in the convenience retail business.

Mergers and Acquisitions

In July 2018, BP announced plans to acquire oil and gas field assets from BHP Billiton in a $10.5 billion deal for 470,000 acres, with a reported capacity of 190,000 barrels per day. Majority of the acerage lies in the Eagle Ford, followed by Haynesville, and some in the Permian. Two months later, BP also announced acquisition of 61% participating interest in the onshore Gobustan PSA (product sharing agreement) in Azerbaijan, and plans to drill one exploration well to appraise prospects in mid-2019.  

BP Corporation North America Inc.

Houston, TX 77079-2604
Phone: 1 (281) 366-2000


Employer Type: Privately Owned
Marketing Manager: Larry Lee
Vice President Global Supply Chain: Peter Mcconnon
Area Manager: John Mummery
Employees (This Location): 1,900
Employees (All Locations): 22,000

Major Office Locations

Houston, TX

Other Locations

Harbor City, CA
La Mirada, CA
Madera, CA
Pleasanton, CA
Sacramento, CA
Tulare, CA
Aurora, CO
Broomfield, CO
Lafayette, CO
Littleton, CO
Clearwater, FL
Jacksonville, FL
West Palm Beach, FL
Alpharetta, GA
Atlanta, GA
Bainbridge, GA
Smyrna, GA
Woodstock, GA
Council Bluffs, IA
Aurora, IL
Bartlett, IL
Buffalo Grove, IL
Chicago, IL
Fairview Heights, IL
Grayslake, IL
Lake Villa, IL
Naperville, IL
Oak Park, IL
Saint Charles, IL
Streamwood, IL
Woodridge, IL
Fishers, IN
Huntington, IN
Indianapolis, IN
Humboldt, KS
Florence, KY
Belle Chasse, LA
Novi, MI
Portland, MI
Carrollton, MO
Meridian, MS
Moss Point, MS
Asbury Park, NJ
East Orange, NJ
Linden, NJ
Newark, NJ
Wayne, NJ
Akron, OH
Cleveland, OH
Findlay, OH
Niles, OH
Shawnee, OK
Devon, PA
Lansdale, PA
Norristown, PA
Wando, SC
Bartlett, TN
Memphis, TN
Austin, TX
Canadian, TX
Houston, TX
San Antonio, TX
Sunray, TX
Texas City, TX
Salt Lake City, UT
Amherst, VA
Bellevue, WA
Blaine, WA
Kenosha, WI
Milwaukee, WI
Wamsutter, WY