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What does BP oil company stand for?
It stands for British Petroleum. The correct name is BP P.L.C. The company is an amalgamation of BP, Amoco, Arco and Sohio. The latter three companies American Companies. In 1998 it was called the British Petroleum Company P.L.C and on buying Amoco changed the name to BP Amoco P.L.C in 2001. The name was subsequently changed to BP P.L.C. All British Companies must by law provide Company details to Company House. The name shown on these documents must be the trading name. British Petroleum ceased to exist in 1998.
Is BP Oil an American company?
Partially British and partly American, I think the shares stand at 40% British, 39% American. The CEO is British but the chairman is a Swede, BP have ditched the name British Petroleum after the merge with American oil company AMOCO.
Why is it a good time to buy BP stock?
At the moment BP stock is low as compared to the recent past. Therefore if you were to assume that BP will be able to sort out the troubles that have caused the stock price fall, you could expect the stock to regain its former value. However, there is a risk, past performance is not necessarily an indication of future performance.
What is BP's current stock price?
That's a difficult question to answer because stocks and shares fluctuate constantly depending on the markets. Today (Monday, 15th July 2013), BP's open stock price is 42.21 with a high of 42.38 and low of 42.12 at 4.23 eastern time.
How much money is BP worth?
The market capitalization, which is the number of stocks outstanding times the market stock price of the company is currently very close to 100 billion dollars. Yahoo also states BP's enterprise value is 121 billion dollars. Both measures use the market stock price, so these valuations change with what investors think is a fair price to pay for BP's stock. Relatively low valuations exists for BP due to ongoing financial liability related to the spill. BP's market cap on April 19 was approximately 200 billion dollars. The worth or value of a business is generally determined by the sale of similar businesses. It is very hard to provide a normal assessment of a huge multi-national corporation with an ongoing liability.
What is bp's merger partner?
Amoco
What is the ticker symbol for AMOCO?
AMOCO became part of BP (formerly known as British Petroleum) when they merged in 1998. Its ticker symbol was AN prior to the merger. BP continues to market products under the AMOCO brand. The ticker symbol of BP is BP.
What made BP Amoco the world's largest solar energy company?
on April 6, 1999, BP Amoco bought Solarex, making BP Amoco the world's largest solar power company.
Who merged with BP in 98?
Amoco
When did the company BP merge with the company Amoco?
According to the official BP website, the company BP merged with the company Amoco on 1998. According to the New York Times, the BP bought the site for 48.2 billion dollars.
What gas stations does bp own?
BP Amoco Arco Aral Castrol am/pm
When BP acquired Amoco on 8-11-98 how many shares of BP did you get for each share of AN?
0.6617 Share
What does Amoco oil have to do with BP?
Amoco is a brand owned by BP. BP bought Amoco Corporation in 1998. The merged company was known as "BP Amoco" until 2001, then changed its name to BP p.l.c. The letters BP do not stand for British Petroleum any more. The company is a global supermajor, headquartered in London, traded in New York and London, with operations on all continents. Most of its U.S. workforce are former employees or Amoco and Arco (Atlantic Richfield). Under CEO Sir John Browne, BP used the slogan 'Beyond Petroleum', implying an effort to become an "energy company" rather than strictly an oil and gas company. Other brands owned by BP include Castrol (engine oils), Aral (German network of gas stations), ARCO.
What does BP stands for?
Medical: Blood PressureCompany: Beyond Petroleum formerly known as British Petroleum, but changed in 2000 following the merger with Amoco (formerly Standard Oil of Indiana).
Is Amoco a made up gas station or a real gas station?
Amoco was a real company that started as Standard Oil, then became the American Oil Company, then Amoco. It merged with BP in 1998.
Which US oil company did the BP Oil Company buy out?
arco and amoco
When did British Petroleum purchase Amoco?
In August 1998 British Petroleum purchased Amoco for $57 billion, and British Petroleum renamed itself BP Amoco. On December 31, 1998, Browne's title became group CEO.
