BP Company Timeline
Category: Other
Updated: 27 Oct 2018
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Created byDeclan Derek
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Events
BP Founded as "Anglo-Persian Oil Company" (APOC)APOC is nearing bankruptcy, British government purchases 51% stake in the companyPrivatization of British government causes them to start selling shares of BPBritish government sells final 31% share of BPBP Performance begins to flounderBP posted a loss of $811 millionBP launches "Beyond Petroleum" tagline and changes name to BPBP Merges with AmocoBP Merges with ARCOTony Hayward Appointed CEONew Focus on Safety PromisedWants to Transform Corporate CultureRobert Horton Appointed CEOSlashed Headquarter Headcount by 80Initiative to cut $750 million from annual expensesDavid Simon Appointed CEOJohn Browne Appointed CEOAsset Federation Policy BeginsExplosion at BP refinery in Texas kills 15 people and and injured 180 and cost $1.5 billion200,00 gallons of oil spilled into Alaska's Prudhoe BayPeriods
BP Implements Aggressive Growth StrategyBP Invests $4 Billion Dollars into Alternative EnergyBP Total Investment Totals $982 Billion DollarsBP Workforce Falls From 97,000 to 80,300
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