Casual observers of the response to the oil spill in the Gulf of Mexico take it at face value that British Petroleum (BP) must be British, right?
Not exactly.
Westlaw Business Currents looks into the corporate struture of BP in a post titled “How British is BP: Corporate Structure, Lawsuits and Asset Sales.”
Christopher Elias writes:
With 40% of the groups fixed assets located in the U.S. and 20% in Europe, it is easy to see why the notion of BP as purely British company may seem rather strange in some parts of the world. BP also holds the title of being the largest producer of oil and gas in North America according to its annual report and is one of the largest gasoline (petrol) retailers in the U.S. demonstrating its significant presence in the American market.
You can read the full post on Westlaw Business Currents.
Posted by Kevin Hunt in:
In Business | Industry trends |
