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History of Oil
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BP plc (LSE: BP, NYSE: BP, TYO: 5051, TSX: BP.U), which stands for British Petroleum, is the world's third largest global energy company and is a British energy company / multinational oil company ("oil major") with headquarters in London, England, UK. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies).

In May 1901, William Knox D'Arcy was granted a concession by the Shah of Iran to search for oil which he found in May 1908. This was the first commercially significant find in the Middle East. On 14 April 1909, the Anglo-Persian Oil Company (APOC) was incorporated to exploit this. In 1935, it became the Anglo-Iranian Oil Company (AIOC).

After World War II, AIOC and the Iranian government initially resisted nationalist pressure to revise AIOC's concession terms still further in Iran's favour. But in March 1951, the pro-western Prime Minister Ali Razmara was assassinated. The Majlis of Iran (parliament) elected a nationalist, Mohammed Mossadeq, as prime minister. In April, the Majlis nationalized the oil industry by unanimous vote. The British government contested the nationalization at the International Court of Justice at The Hague, but its complaint was dismissed.
Type Public (LSE: BP, NYSE: BP, TYO: 5051, TSX: BP.U)
Founded 1908 (Anglo-Persian Oil Company) 1954(The British Petroleum Co)
Headquarters London, England, UK
Key people Donald Alexander Smith (founding chairman)
Tony Hayward, CEO, Byron Grote, CFO
Industry Oil and Natural Gas, Alternative fuel
Products BP petroleum and derived products,BP service stations,Air BP Aviation Fuels,Castrol motor oil,ARCO stations,am/pm convenience stores, Aral stations
Revenue ? $291.438 Billion USD (2007)
Operating income ? $28.794 Billion USD (2007)
Net income ? $20.845 Billion USD (2007)
Employees 115,000 (2006)