Jul.16 — Bob Dudley, former BP Chief Executive Officer and chairman of the Oil and Gas Climate Initiative, discusses OCGI’s pledge to reduce the carbon intensity of their operations by 2025. He speaks on “Bloomberg Markets: The Close.”
In This Story: BP
BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.
Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))
BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.
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In This Story: Climate
Climate is the long-term average of weather, typically averaged over a period of 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years.