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Corporation
ENERGY & UTILITIES | Oil & Gas Refining & Distribution
bp.com

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Investments

30

Portfolio Exits

12

Funds

1

Partners & Customers

10

About BP

BP (LSE: BP) (FWB: BPE) (NYSE: BP) is an oil and gas company. It provides fuel for transportation, energy for heat and light, retail services, and petrochemical products. It has operations in Europe, the U.S., Canada, Russia, South America, Australasia, Asia, and parts of Africa. It also operates Launchpad, an investment vehicle for disruptive technologies in the energy sector. The company was founded in 1909 and is based in London, England.

Headquarters Location

1 St James's Square

London, England, SW1Y 4PD,

United Kingdom

+44 (0) 207-496-4000

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Expert Collections containing BP

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find BP in 2 Expert Collections, including Synthetic Biology.

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BP Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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BP Rank

Latest BP News

Shell buys Nature Energy in US$2 billion push into biogas

Nov 29, 2022

The deal will make Shell the largest producer in Europe of what’s known as renewable natural gas, known as RNG. PHOTO: REUTERS Updated https://str.sg/w9vH LONDON – Shell Plc will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly US$2 billion as the oil major expands its transition from fossil fuels. The deal will make Shell the largest producer in Europe of what’s known as renewable natural gas, known as RNG, according to a statement. It taps into Shell’s plan to leverage its existing expertise producing and marketing gas for a lower-carbon economy. Biogas is chemically the same as conventional natural gas, but is made from decomposing organic material like agricultural waste. It’s a platform primed for growth, with the US, through the Inflation Reduction Act, and the European Union both identifying the renewable fuel as a way to boost energy supplies and cut emissions in the coming years. “Acquiring Nature Energy will add a European production platform and growth pipeline to Shell’s existing RNG projects in the United States,” said Huibert Vigeveno, Shell’s downstream director. “We will use this acquisition to build an integrated RNG value chain at global scale, at a time when energy transition policies and customer preferences are signalling strong growth in demand in the years ahead.” The deal, which is expected to close in the first quarter of next year, follows a similar move by competitor BP Plc earlier this year, which bought Archaea Energy Inc. for about US$4.1 billion including debt. “Both Shell and BP announced these acquisitions within their prior capital ranges, which should give investors some comfort around shareholder returns going forward,” Biraj Borkhataria, an analyst at RBC Europe Ltd, wrote in a note. “Whether they are good deals or not, time will tell, as will any changes in energy fiscal policy in Europe and the US.” The acquisition will speed up Shell’s existing biogas business, which consists of one operational site, four under construction, and trading and supply units. Nature Energy has 14 operating plants that produce about 6.5 million British thermal units of gas per year, plus a pipeline of new projects in Europe and North America that could more than double that output by the end of the decade. Even so, Nature Energy’s current operational portfolio is relatively small by natural gas production standards – one of Shell’s existing oil and gas production sites would produce 10 times as much energy. Shell expects Nature Energy to deliver double digit returns for the company after the acquisition is completed. Nature Energy had been exploring options including a sale, Bloomberg News reported in March, with the business drawing interest from Shell and BP, as well as BlackRock Inc., Global Infrastructure Partners and EQT AB. BLOOMBERG More On This Topic

BP Investments

30 Investments

BP has made 30 investments. Their latest investment was in Green Biofuels as part of their Corporate Minority on February 2, 2022.

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BP Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/3/2022

Corporate Minority

Green Biofuels

Yes

2

12/2/2021

Corporate Minority

Gasrec

Yes

4

11/23/2021

Corporate Minority - III

Aulton

Yes

1

9/15/2021

Seed - II

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$99M

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10

4/29/2021

Series D

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$99M

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10

Date

2/3/2022

12/2/2021

11/23/2021

9/15/2021

4/29/2021

Round

Corporate Minority

Corporate Minority

Corporate Minority - III

Seed - II

Series D

Company

Green Biofuels

Gasrec

Aulton

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

4

1

10

10

BP Portfolio Exits

12 Portfolio Exits

BP has 12 portfolio exits. Their latest portfolio exit was BP - Upstream Business Algeria on September 07, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/7/2022

Divestiture

BP - Upstream Business Algeria

$99M

7

9/6/2022

Divestiture

BP - Algeria Operations

$99M

1

1/31/2022

Divestiture

BP - Mozambique Retail Network, Wholesale Fuel & Logistics

$99M

3

9/15/2021

Divestiture

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$99M

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10

6/29/2020

Divestiture

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$99M

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10

Date

9/7/2022

9/6/2022

1/31/2022

9/15/2021

6/29/2020

Exit

Divestiture

Divestiture

Divestiture

Divestiture

Divestiture

Companies

BP - Upstream Business Algeria
BP - Algeria Operations
BP - Mozambique Retail Network, Wholesale Fuel & Logistics

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

1

3

10

10

BP Acquisitions

16 Acquisitions

BP acquired 16 companies. Their latest acquisition was Archaea Energy on October 17, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/17/2022

$99M

Acq - Pending

2

9/12/2022

$99M

Acquired Unit

1

4/19/2022

$99M

Acquired

1

12/20/2021

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$99M

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10

12/7/2021

Series A

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$99M

$99M

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10

Date

10/17/2022

9/12/2022

4/19/2022

12/20/2021

12/7/2021

Investment Stage

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Pending

Acquired Unit

Acquired

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Sources

2

1

1

10

10

BP Fund History

1 Fund History

BP has 1 fund, including Upstream Carbon Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/26/2019

Upstream Carbon Fund

$100M

1

Closing Date

3/26/2019

Fund

Upstream Carbon Fund

Fund Type

Status

Amount

$100M

Sources

1

BP Partners & Customers

10 Partners and customers

BP has 10 strategic partners and customers. BP recently partnered with Subsea Integration Alliance on November 11, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

11/18/2022

Vendor

United States

Trinidad and Tobago: BP Taps Subsea 7, OneSubsea for Cypre Gas Project Tieback

Announcing the Cypre contract news on Friday , Subsea 7 said that the scope of the awarded Subsea Integration Alliance contract was substantial .

1

11/18/2022

Vendor

KBR's JV Receives Contract From BP Exploration in Azerbaijan

KBR , Inc. , won an optimization stage engineering services contract from the BP Exploration Limited to support the Shah Deniz compression project in the Azerbaijan sector of the Caspian Sea .

1

11/9/2022

Partner

United States

bp and Uber forge new strategic partnership in Australia

The bp and Uber partnership was independently signed in Australia and builds on the global strategic convenience delivery partnership between bp and Uber that was announced in March 2022 .

1

11/3/2022

Vendor

Norway

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10

10/14/2022

Vendor

United States

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10

Date

11/18/2022

11/18/2022

11/9/2022

11/3/2022

10/14/2022

Type

Vendor

Vendor

Partner

Vendor

Vendor

Business Partner

Country

United States

United States

Norway

United States

News Snippet

Trinidad and Tobago: BP Taps Subsea 7, OneSubsea for Cypre Gas Project Tieback

Announcing the Cypre contract news on Friday , Subsea 7 said that the scope of the awarded Subsea Integration Alliance contract was substantial .

KBR's JV Receives Contract From BP Exploration in Azerbaijan

KBR , Inc. , won an optimization stage engineering services contract from the BP Exploration Limited to support the Shah Deniz compression project in the Azerbaijan sector of the Caspian Sea .

bp and Uber forge new strategic partnership in Australia

The bp and Uber partnership was independently signed in Australia and builds on the global strategic convenience delivery partnership between bp and Uber that was announced in March 2022 .

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Sources

1

1

1

10

10

BP Team

67 Team Members

BP has 67 team members, including current Chief Executive Officer, Bob Dudley.

Name

Work History

Title

Status

Bob Dudley

Chief Executive Officer

Current

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Name

Bob Dudley

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Work History

Title

Chief Executive Officer

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Status

Current

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