What does a trader do at BP?
What does a trader do at BP?
BP’s IST group handles all the crude oil and gas produced by BP’s upstream division, which is sent to us to market. We also supply feedstocks into BP’s refinery base, so it’s about buying the inputs and selling the outputs along the energy supply chain.
What is trading and shipping at BP?
bp trading & shipping (T&S) is one of the world’s leading energy trading houses. Our traders work with our partners to buy, sell and move energy, integrating our products and services to provide energy solutions for 12,000 customers in 140 countries.
What is BP oil called now?
It was renamed the Anglo-Iranian Oil Company, Ltd., in 1935 and changed its name to the British Petroleum Company Limited in 1954. The name British Petroleum Company PLC was adopted in 1982. After merging with Amoco in 1998, the corporation took the name BP Amoco before assuming the name BP PLC in 2000.
Does BP oil company still exist?
It is one of the world’s seven oil and gas “supermajors”. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. LSE: BP.
What does an oil trader do?
An oil trader buys and sells barrels of oil on behalf of an energy company, an investment firm or another business entity. Aside from buying oil, traders also buy futures contracts that enable them to buy quantities of oil for a specific price on a particular date in the future.
How is energy traded?
Electricity is generated at power stations, then bought by suppliers, who then sell it on to meet the needs of the consumers. Electricity trading refers to the transaction between power generators, who produce electricity, and power suppliers, who sell it on to consumers.
What products do bp export?
We work with a range of products across our trading and shipping operations, including hydrocarbons, natural gas, LNG, biofuels, chemicals, power, emissions, and financial products. Our experience and expertise have helped the US, EU and now China to design and set up energy systems, including carbon trading schemes.
Where does bp get its oil?
bp is one of the largest oil producers in the deepwater Gulf of Mexico. Its strategy is rooted in continued investment and exploration around four operated hubs: Atlantis, Mad Dog, Na Kika and Thunder Horse.