Company Profile For BP Plc

BP p.l.c. (BP) is an oil company, operating through its subsidiaries. With effect from January 1, 2008, it operated in two business segments: Exploration and Production, and Refining and Marketing. A separate business, Alternative Energy, reported in other businesses and corporate, handles its low-carbon businesses. Exploration and Production’s activities include oil and natural gas exploration, development and production (upstream activities), together with related pipeline, transportation and processing activities (midstream activities), as well as the marketing and trading of natural gas (including liquefied natural gas), power and natural gas liquids. The activities of Refining and Marketing include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals products and related services. In April 2008, BP registered in Russia its subsidiary, BP Exploration Services.

BRIEF: For the nine months ended 30 September 2009, BP Plc's revenues decreased 44% to $171.7B. Net income appl. to common decreased 50% to $12.28B. Revenues reflect a decrease in income from Exploration & Production segment and lower income from Refining & Marketing segment. Net income also reflects an increase in depreciation, depletion & amortization expenses and higher impairment & loss on sale of business & fixed assets.