BP - M&A Summary and Business Overview

Oil/gas ExplorationCompany

BP M&A Summary

BP has acquired 10 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 16 assets.

BP’s largest acquisition to date was in 1998, when it acquired Amoco for $48.2B. It’s largest disclosed sale occurred in 2012, when it sold Atlantic Richfield Company to Andeavor for $2.5B. BP has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include oil/gas exploration (23%) and retail (23%).

BP Business Overview

Where is BP headquartered?

BP is headquartered in London, United Kingdom.

What is BP’s revenue?

BP disclosed revenue of 157,739M USD for 2021 and 180,366M USD for 2020.

How many employees does BP have?

BP has 65,900 employees.

What sector is BP in?

BP is an oil/gas exploration company.

When was BP founded?

BP was founded in 1908.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity9
    • M&A Sell Activity16
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 21

BP

BP plc

1 St James's Square,
London, SW1Y 4PD
United Kingdom,
+44 20 7496 4000
www.bp.com

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 7 - - 2 - - 9
vol $77.3B $4.1B $81.4B
Sell (0.2/yr) # 15 1 - - - - 16
vol $3.3B $5M $3.3B
  25

Most Recent M&A

Company Date Value Type
Archaea Energy LLC 2022-10-17 4.1B USD Add-on Acquisition
Canonsburg, Pennsylvania · www.archaeaenergy.com
EDF Energy Services LLC 2022-09-12 - Add-on Acquisition
Houston, Texas · www.edfenergyna.com
BP plc - Global Aromatics and Acetyls Business 2020-06-29 5M USD Divestiture
, Switzerland
Alyeska Pipeline Service Co. - Trans Alaska Pipeline System (TAPS) 2019-08-27 - Stake Sale
Anchorage, Arkansas
New Zealand Oil Services Ltd. 2018-11-19 - Stake Sale
Wellington, New Zealand · www.nzosl.co.nz
Chargemaster plc 2018-06-28 - Add-on Acquisition
London, United Kingdom · www.chargemasterplc.com
Thorntons LLC 2018-03-12 - Joint Venture
Louisville, Kentucky · www.mythorntons.com
Olympic Pipeline Co. 2017-09-14 - Stake Sale
Renton, Washington · www.olympicpipeline.com
Clean Energy Fuels Corp. - Biomethane Business 2017-03-01 155M USD Divestiture
Newport Beach, California
Cleopatra Gas Gathering Company LLC 2016-12-28 - Stake Sale
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
BP España, S.A.U.    - Petrocorner Retail S.L. 2019-01-15 1
Alcobendas, Spain · www.bp.com/es_es/spain.html Tres Cantos, Spain · www.petrocorner.com
BP Wind Energy North America, Inc.    - BP Wind Energy North America, Inc. - Three Texas Wind Farms 2018-12-21 1
Houston, Texas Houston, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (22%) 75.2B (92%) 8 (50%) 2.8B (85%)
Energy Services and Equipment 2 (22%) 835M (1%) 3 (19%) -
Retail 2 (22%) 1.3B (2%) - -
Chemicals - - 2 (13%) 372M (11%)
Electrical Equipment 1 (11%) - - -
Renewable Energy 1 (11%) 4.1B (5%) - -
Utilities 1 (11%) - - -
Apparel/Textiles - - 1 (6%) -
Consumer Products - - 1 (6%) 115M (4%)
Internet Software and Services - - 1 (6%) -
Total 9 $81.4B 16 $3.3B

By Geo

State/Country Buy Value Sell Value
United States 6 79.5B 10 2.6B
  California 2 27.2B 2 2.5B
  Texas 1 - 1 -
  Pennsylvania 1 4.1B - -
  Kentucky 1 - - -
  Illinois 1 48.2B - -
  Washington - - 1 -
  North Carolina - - 1 -
  New Jersey - - 1 -
  Louisiana - - 1 -
  Kansas - - 1 115M
  Arkansas - - 1 -
United Kingdom 1 - 1 367M
Australia 1 1.3B - -
Brazil 1 680M - -
Indonesia - - 1 275M
Netherlands - - 1 -
New Zealand - - 1 -
Poland - - 1 -
Switzerland - - 1 5M
Domestic 1 (11%) - 1 (6%) 367M (11%)
Cross-border 8 (89%) 81.4B (100%) 15 (94%) 2.9B (89%)
Total 9 $81.4B 16 $3.3B

Deal Values

buy # Total
> $1B 4 $80.6B
$100M to $1B 2 $835M
TOTAL $81.4B
Largest Amoco Corporation
$48.2B (1998-08-11)
sell # Total
> $1B 1 $2.5B
$100M to $1B 3 $757M
< $100M 1 $5M
TOTAL $3.3B
Largest Atlantic Richfield Company (ARCO)
$2.5B (2012-08-13)

M&A Connections

Deals
Acquired from
Investor(s)
22%
2 (22%)
Strategic(s)
22%
2 (22%)
Divested to
Investor(s)
19%
3 (19%)
Strategic(s)
81%
13 (81%)

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