About the BP Group:
You undoubtedly know of BP, or have at least heard the name, and for a good reason. The BP group is very popular and extremely well known as it is one of the global leaders in the petroleum industry. Of course, its activity is divided among different sectors, primarily the refining and distribution of oil, but also exploration and the production of hydrocarbons.
BP is a British group that in fact attains no less than 66% of its turnover from around the world.
The major competitors of BP:
BP is the third largest oil group at present in the world as classified by the turnover. But it has a number of large, highly renowned competitors in this sector that you should know about in order to achieve a pertinent analysis of the BP share price.
Number One is this sector is currently the Dutch company, Royal Dutch Shell.
In second position lies the American ExxonMobil Group that lies just above BP in terms of turnover.
Finally, the two competitors that closely follow BP in the list of the largest oil companies worldwide are Total in France and Chevron in the United States.
It is important to closely follow the financial results and the positions of these international groups and companies to be able to discern the growth possibilities of the BP share price.
The major partners of BP:
The BP Group has also implemented certain strategic partnerships with other large companies.
- In 2000 the Solvay Group created a partnership with the BP Group to exchange their polypropylene for the technical polymers of this company.
- In 2009, BP announced the implementation of a new partnership with Alfa Access-Renova relating to their joint business held in equal parts in Russia in order to rapidly start production and thereby become the third largest oil and gas group in the country.
- In 2016, BP and Rosneft also created a joint business in Russia in the oil exploration sector.
- Finally, the Ford Group and BP are long term partners and have developed technological solutions together for individual consumers. One of the projects resulting from this partnership is the presence of the Ford BP team in the World Rally Championship at Abu Dhabi.
Analysis of the price of BP shares:
The price of BP shares is currently quoted on the English market of the London Stock Exchange. It also integrates the calculation of the Stoxx Europe 50 Index.
Historically we can note numerous rising and falling fluctuations on the price charts of this share which is ideal for trading over short periods.