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BP Company Timeline
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Updated 27 Oct 2018
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Created by
Declan 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 company
Privatization of British government causes them to start selling shares of BP
British government sells final 31% share of BP
BP Performance begins to flounder
BP posted a loss of $811 million
BP launches "Beyond Petroleum" tagline and changes name to BP
BP Merges with Amoco
BP Merges with ARCO
Tony Hayward Appointed CEO
New Focus on Safety Promised
Wants to Transform Corporate Culture
Robert Horton Appointed CEO
Slashed Headquarter Headcount by 80
Initiative to cut $750 million from annual expenses
David Simon Appointed CEO
John Browne Appointed CEO
Asset Federation Policy Begins
Explosion at BP refinery in Texas kills 15 people and and injured 180 and cost $1.5 billion
200,00 gallons of oil spilled into Alaska's Prudhoe Bay
Periods
BP Implements Aggressive Growth Strategy
BP Invests $4 Billion Dollars into Alternative Energy
BP Total Investment Totals $982 Billion Dollars
BP Workforce Falls From 97,000 to 80,300
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