Difference between revisions of "BP: Who, Where, How Much?"
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===BP's Board of Directors=== | ===BP's Board of Directors=== | ||
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:John Buchanan, chief financial officer, was appointed an executive director of BP in 1996. He is a non-executive director of [[Boots]], the UK cosmetics and pharmaceuticals retailer and a member of the UK [[Accounting Standards Board]] {{ref|54}}. | :John Buchanan, chief financial officer, was appointed an executive director of BP in 1996. He is a non-executive director of [[Boots]], the UK cosmetics and pharmaceuticals retailer and a member of the UK [[Accounting Standards Board]] {{ref|54}}. | ||
| − | *[[Ruth S. Block]] Director, age 69 | + | *[[Ruth S. Block]] Director, age 69 One of only 2 women at the top of the company, Ruth Block joined Amoco's board in 1986 {{ref|55}}. She retired as executive vice president and chief insurance officer of [[The Equitable]] (the UK insurer) in 1987 {{ref|56}}. She is a non-executive director of [[Ecolab]] {{ref|57}}, who serve clients within the fields of Agribusiness, Building Servives, Dairy Processing, healthcare, pharmaceuticals, Pest Elimination and vehicle services {{ref|58}}. She is also a director of [[Alliance Capital Mutual Funds]] (http://www.alliancecapital.com). |
| − | |||
| − | |||
*[[John H. Bryan]] Director, age 63 | *[[John H. Bryan]] Director, age 63 | ||
| − | :John Bryan joined | + | :John Bryan joined Amoco's board in 1982, he is also chairman and chief executive officer of [[Sara Lee Corporation]] {{ref|59}} who manufacture and market foods, underwear and household products worldwide {{ref|60}}. He is also a non-executive director of [[Bank One Corporation]] (http://www.bankone.com), [[General Motors Corporation]] and [[Goldman Sachs]] {{ref|61}}. |
*[[Erroll B. Davis, Jr.]] Director, age 55 | *[[Erroll B. Davis, Jr.]] Director, age 55 | ||
| − | :Erroll B. Davis, Jr. joined | + | :Erroll B. Davis, Jr. joined Amoco's board in 1991. He is president and chief executive officer of [[Alliant Energy]] {{ref|62}}, which is an energy provider to consumers in the American mid-west {{ref|63}}. He is a non-executive director of [[PPG Industries]] {{ref|64}} which provides materials for manufacturing, construction, automotive industry and chemical processing {{ref|65}}. In addition he is a member of the [[American Society of Corporate Executives]] and the [[Association of Edison Illuminating Companies]] {{ref|66}}, the association for US and international (shareholder-owned) electric companies {{ref|67}}. He is also a member of the [[Wisconsin Association of Manufacturers and Commerce]], the [[Iowa Business Council]] and the [[Edison Electric Institute]]: {{ref|68}} 'The association of US shareholder-owned electric utilities and international affiliates' {{ref|69}}. He is a member of the [[Nuclear Energy Institute]], {{ref|70}} whose purpose is to foster and encourage the continued safe utilization and development of nuclear energy in the US {{ref|71}}. He is also a trustee of Carnegie Mellon University {{ref|72}}. |
*[[Richard J. Ferris]] Director, age 63 | *[[Richard J. Ferris]] Director, age 63 | ||
| − | :Richard Ferris joined | + | :Richard Ferris joined Amoco's board in 1981. He retired as co-chairman of [[Doubletree Corporation]] {{ref|73}} which manages resorts and business hotels {{ref|74}}, in 1997. He is a non-executive director of The [[Proctor & Gamble]] Company {{ref|75}} (Pharmaceuticals & Cosmetics). |
*[[Charles F. Knight]] Director, age 64 | *[[Charles F. Knight]] Director, age 64 | ||
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*[[Floris A. Maljers]] Director, age 66 | *[[Floris A. Maljers]] Director, age 66 | ||
| − | :Floris Maljers joined | + | :Floris Maljers joined Amoco's board in 1994. He is a member of the supervisory boards of [[SHV Holding]] {{ref|83}} whose business encompasses LPG, Food, Recycling and Venture Capital; {{ref|84}} [[Vendex N.V.]] {{ref|85}} who market consumer goods in the Netherlands, Belgium, France, Germany, and the US; {{ref|86}} and [[KLM Royal Dutch Airlines]] {{ref|87}}. He is chairman of the supervisory board of the [[Amsterdam Concertgebouw]] and [[Rotterdam School of Management]], Erasmus University {{ref|88}}. |
*[[Walter E. Massey]] Director, age 61 | *[[Walter E. Massey]] Director, age 61 | ||
| − | :Walter Massey first joined | + | :Walter Massey first joined Amoco's board from 1983 to 1991, he rejoined in 1993. He is president of [[Morehouse College]] and is a non-executive director of [[Motorola]] (electronics company), [[Bank of America]], [[McDonald's]] Corporation (fast food), the [[Mellon Foundation]] and the [[Commonwealth Fund]] {{ref|89}}, a private foundation which funds research on health {{ref|90}}. |
| − | + | *[[Michael P. Miles]] Director, age 63 | |
| − | Director | ||
| − | |||
| − | Michael Miles joined BP's board in 1994. He is chairman of Johnson Matthey and a non-executive director of ING Baring Holdings and BICC {{ref|91}}, both finance companies. | + | :Michael Miles joined BP's board in 1994. He is chairman of [[Johnson Matthey]] and a non-executive director of [[ING Baring Holdings]] and [[BICC]] {{ref|91}}, both finance companies. |
| − | Nicholson, | + | *[[Robin Nicholson]] Director, age 65 |
| − | |||
| − | |||
| − | Sir Robin joined BP's board in 1987, his past positions include chairmanship of Pilkington Optronics from which he retired in November 1998 {{ref|92}}. Pilkington is the leading UK supplier of Electro-optic equipment {{ref|93}}. He is a non-executive director of Rolls-Royce {{ref|94}} the UK based automobile, aerospace and arms company, and a member of the UK Government's Council for Science and Technology {{ref|95}}. | + | :Sir Robin joined BP's board in 1987, his past positions include chairmanship of [[Pilkington Optronics]] from which he retired in November 1998 {{ref|92}}. Pilkington is the leading UK supplier of Electro-optic equipment {{ref|93}}. He is a non-executive director of [[Rolls-Royce]] {{ref|94}} the UK based automobile, aerospace and arms company, and a member of the UK Government's [[Council for Science and Technology]] {{ref|95}}. |
| − | Prosser | + | *[[Ian Prosser]] Deputy Chairman of the Board, age 56 |
| − | Deputy Chairman of the Board | ||
| − | |||
| − | Sir Ian joined BP's board in 1997 and was appointed deputy chairman in February 1999. He is chairman and chief executive of Bass (UK Brewers), a non-executive director of Glaxo-SmithKline (Pharmaceuticals) and vice president of the council of the Brewers and Licensed Retailers Association (UK) {{ref|96}}. | + | :Sir Ian joined BP's board in 1997 and was appointed deputy chairman in February 1999. He is chairman and chief executive of [[Bass]] (UK Brewers), a non-executive director of [[Glaxo-SmithKline]] (Pharmaceuticals) and vice president of the council of the [[Brewers and Licensed Retailers Association]] (UK) {{ref|96}}. |
| − | + | *[[Michael H. Wilson]] Director, age 62 | |
| − | Director | ||
| − | |||
| − | Wilson joined the board of Amoco in 1993 | + | :Wilson joined the board of Amoco in 1993. His other interests include his position as vice chairman and a director of [[RBC Dominion Securities]] and as a non-executive director of [[Manufacturers Life Insurance Company]] and of [[Rio Algom]] {{ref|97}}. |
| − | Wilson, | + | *[[Robert Wilson]] Director, age 56 |
| − | |||
| − | |||
| − | Sir Robert joined BP's board in July 1998. He is chairman of Rio Tinto, the notorious mining corporation and a non-executive director of [[Diageo]] {{ref|98}} (Food and drink corporation {{ref|99}}). | + | :Sir Robert joined BP's board in July 1998. He is chairman of [[Rio Tinto]], the notorious mining corporation and a non-executive director of [[Diageo]] {{ref|98}} (Food and drink corporation {{ref|99}}). |
| − | Wright, | + | *[[Lord Wright]] Director, age 68 |
| − | |||
| − | |||
| − | Wright joined BP's board in 1991, having previously been Permanent Under-Secretary and Head of the UK Diplomatic Service. He is a non-executive director of De La Rue {{ref|100}} the global 'cash transactions' business {{ref|101}}. | + | :Wright joined BP's board in 1991, having previously been Permanent Under-Secretary and Head of the UK Diplomatic Service. He is a non-executive director of [[De La Rue]] {{ref|100}} the global 'cash transactions' business {{ref|101}}. |
| − | + | *[[Judith C. Hanratty]] Secretary, age 56 | |
| − | Secretary | ||
| − | |||
| − | Judith Hanratty joined BP in London in 1986 and was appointed company secretary in October 1994. She is a nominated member of the Council of Lloyds (the London Insurance Market), a member of the Competition Commission (formerly the UK Monopolies and Mergers Commission), and a member of the Listing Authorities Committee of The London Stock Exchange and the Takeover Panel (UK). She is also a governor of the College of Law and a Fellow of Lucy Cavendish College, Cambridge {{ref|102}}. | + | :Judith Hanratty joined BP in London in 1986 and was appointed company secretary in October 1994. She is a nominated member of the [[Council of Lloyds]] (the London Insurance Market), a member of the [[Competition Commission]] (formerly the UK Monopolies and Mergers Commission), and a member of the [[Listing Authorities Committee]] of The London Stock Exchange and the [[Takeover Panel]] (UK). She is also a governor of the College of Law and a Fellow of Lucy Cavendish College, Cambridge {{ref|102}}. |
| − | Browne | + | *[[John Browne]] Group Chief Executive, Director, age 52 |
| − | Group Chief Executive, Director | ||
| − | |||
| − | Often the public face of BP, Lord Browne was appointed an executive director in 1991 and group chief executive in 1995. He is a non-executive director of Goldman Sachs Group and of Intel Corporation (computer components); a trustee of the British Museum and a member of the supervisory board of Daimler Chrysler (automobile manufacturers). He is also vice president and a member of the board of the Prince of Wales' Business Leaders Forum {{ref|103}}. He is said to be a cool-headed man who lives and breathes BP. He's one of the key characters credited with turning BP around since 1992. | + | :Often the public face of BP, Lord Browne was appointed an executive director in 1991 and group chief executive in 1995. He is a non-executive director of [[Goldman Sachs Group]] and of [[Intel Corporation]] (computer components); a trustee of the British Museum and a member of the supervisory board of [[Daimler Chrysler]] (automobile manufacturers). He is also vice president and a member of the board of the Prince of Wales' [[Business Leaders Forum]] {{ref|103}}. He is said to be a cool-headed man who lives and breathes BP. He's one of the key characters credited with turning BP around since 1992. |
| − | + | *[[Rodney F. Chase]] Deputy Group Chief Executive, Director, age 56 | |
| − | Deputy Group Chief Executive, Director | ||
| − | |||
| − | Rodney Chase was appointed an executive director of BP in 1992. When not at the helm of BP, he is a non-executive director of Diageo ( | + | :Rodney Chase was appointed an executive director of BP in 1992. When not at the helm of BP, he is a non-executive director of [[Diageo]] (food and drink corporation) and the [[BOC Group]] {{ref|104}} (chemicals). |
| − | Ford | + | *[[Doug Ford]] Chief Executive, Refining and Marketing, age 56 |
| − | Chief Executive, Refining and Marketing | ||
| − | |||
| − | Doug Ford held a position as an executive vice president of Amoco from 1993 until January 2000 when he was appointed an executive director of BP Amoco. He is a non-executive director of USG Corporation {{ref|105}} a US Fortune 500 corporation and manufacturer of building materials for the US construction industry {{ref|106}}. | + | :Doug Ford held a position as an executive vice president of Amoco from 1993 until January 2000 when he was appointed an executive director of BP Amoco. He is a non-executive director of [[USG Corporation]] {{ref|105}} a US Fortune 500 corporation and manufacturer of building materials for the US construction industry {{ref|106}}. |
| − | Gibson-Smith | + | *[[Chris S. Gibson-Smith]] Executive Director, Policies and Technology, age 54 |
| − | Executive Director, Policies and Technology | ||
| − | |||
| − | Chris Gibson-Smith, was appointed an executive director of BP in 1997. He is a non-executive director of Lloyds-TSB {{ref|107}}, the UK Bank. | + | :Chris Gibson-Smith, was appointed an executive director of BP in 1997. He is a non-executive director of [[Lloyds-TSB]] {{ref|107}}, the UK Bank. |
| − | + | *[[Richard L. Olver]] Chief Executive, Exploration and Production, age 53 | |
| − | Chief Executive, Exploration and Production | ||
| − | |||
| − | Dick Olver | + | :Dick Olver was appointed an executive director of BP in January 1998. He is also a non-executive director of [[Reuters Group]] {{ref|108}} (News Agency). |
| − | Sanderson | + | *[[Bryan Sanderson]] Chief Executive, Chemicals, age 59 |
| − | Chief Executive, Chemicals | ||
| − | |||
| − | Bryan Sanderson, was appointed an executive director of BP in 1992. He is chairman of Sunderland PLC, the British Football Club and a non-executive director of Corus, the UK Metals group, (http://http://www.corusgroup.com). He is president of CEFIC: the European Chemical Industry Council and vice president of the court of governors of the London School of Economics {{ref|109}}. | + | :Bryan Sanderson, was appointed an executive director of BP in 1992. He is chairman of [[Sunderland PLC]], the British Football Club and a non-executive director of [[Corus]], the UK Metals group, (http://http://www.corusgroup.com). He is president of [[CEFIC]]: the European Chemical Industry Council and vice president of the court of governors of the [[London School of Economics]] {{ref|109}}. |
===Subsidiaries=== | ===Subsidiaries=== | ||
| − | BP PLC, registered in England at Britannic House, 1 Finsbury Circus, London, is the overall BP holding company. | + | '''BP PLC''', registered in England at '''Britannic House, 1 Finsbury Circus, London''', is the overall BP holding company. |
| − | First order subsidiaries of BP PLC include many national and regional divisions of BP such as: BP (Indian agencies) Ltd | + | First order subsidiaries of BP PLC include many national and regional divisions of BP such as: |
| + | *BP (Indian agencies) Ltd. | ||
| + | *BP Africa Ltd. | ||
| + | *BP China Ltd. | ||
| + | :(all registered in England) | ||
| − | Most BP subsidiaries can be recognised by the BP or Amoco name although others include The Standard Oil Co. Inc and more obscure examples such as Grangemouth Polypropylene Ltd. Wholly owned UK subsidiaries are suffixed by the letters Ltd (Limited Liability Company) and most US subsidiaries by the letters Inc. (Incorporated). A full list of subsidiaries can be found in Who | + | The most notable first order subsidiary remains BP International Ltd (registered in England). Below the BP international umbrella lie many further subsidiaries such as: |
| + | *BP America holdings Ltd. (registered in England) | ||
| + | *BP America Inc. (registered in USA) | ||
| + | *BP Chemicals (International) Ltd. (registered in England) | ||
| + | |||
| + | Exploration and production (Ex-Pro.) is mostly divided into national subsidiaries under the BP Exploration Operating Co. Ltd, Ex-Pro. Subsidiaries include, for example: | ||
| + | *BP Exploration (Angola) Ltd. | ||
| + | *BP Exploration (Caspian Sea) Ltd. | ||
| + | |||
| + | Most BP subsidiaries can be recognised by the BP or Amoco name although others include [[The Standard Oil Co. Inc.]] and more obscure examples such as [[Grangemouth Polypropylene Ltd.]] Wholly owned UK subsidiaries are suffixed by the letters Ltd. (Limited Liability Company) and most US subsidiaries by the letters Inc. (Incorporated). A full list of subsidiaries can be found in 'Who Owns Whom' (vol.1 - UK & Ireland) available in the UK at most major libraries. | ||
===Structure/Ownership=== | ===Structure/Ownership=== | ||
| − | BP Group is the top level of the company hierarchy. For organisational purposes Group is divided into 4 divisions: Exploration & production | + | BP Group is the top level of the company hierarchy. For organisational purposes the Group is divided into 4 divisions: |
| + | *Exploration & production | ||
| + | *Oil | ||
| + | *Chemicals | ||
| + | *Gas & Power | ||
| + | :(see divisional chief executives above) | ||
| + | |||
| + | Figures for production volumes and financial performance are reported separately for each division in BPs quarterly Financial and Operating Information. Most senior figures within BP Group including [[John Browne]] himself have made their way up through exploration and production, and despite BPs re-branding as an environmentally aware energy company it is this division which continues to drive the direction of the group. | ||
| + | |||
| + | <table border="1"> | ||
| + | <tr> | ||
| + | <td> '''Top Institutional Holders of BP''' {{ref|110}} </td> | ||
| + | <td> '''Shares''' </td> | ||
| + | <td> '''Value''' </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[State Street Corporation]] </td> | ||
| + | <td> 74,838,292 </td> | ||
| + | <td> $3,708,237,369 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[FMR Corporation]] (Fidelity Management & Research Corp) </td> | ||
| + | <td> 45,746,425 </td> | ||
| + | <td> $2,266,735,359 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[AXA Financial, Inc.]] </td> | ||
| + | <td> 44,415,420 </td> | ||
| + | <td> $2,200,784,061 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[UBS Warburg LLC]] </td> | ||
| + | <td> 16,933,090 </td> | ||
| + | <td> $839,034,610 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[Morgan Stanley Dean Witter & Company]] </td> | ||
| + | <td> 16,617,457 </td> | ||
| + | <td> $823,394,994 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[Barrow, Hanley Mewhinney & Strauss, Inc.]] </td> | ||
| + | <td> 15,631,424 </td> | ||
| + | <td> $774,537,059 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[Bank of America Corporation]] </td> | ||
| + | <td> 15,402,166 </td> | ||
| + | <td> $763,177,325 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[Citigroup Inc.]] </td> | ||
| + | <td> 13,230,389 </td> | ||
| + | <td> $655,565,775 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[First Union Corporation]] </td> | ||
| + | <td> 12,831,490 </td> | ||
| + | <td> $635,800,330 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> [[State Farm Mutual Automobile Insurance Co.]] </td> | ||
| + | <td> 12,228,148 </td> | ||
| + | <td> $605,904,733 </td> | ||
| + | </tr> | ||
| + | </table> | ||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | Top Mutual Fund Holders of BP{{ref|111}} Shares Value | + | <table border="1"> |
| − | + | <tr> | |
| − | Fidelity Contrafund Inc 11,639,166 $576,720,675 | + | <td> '''Top Mutual Fund Holders of BP''' {{ref|111}} </td> |
| − | Vanguard/Windsor II 11,098,572 $549,934,243 | + | <td> '''Shares''' </td> |
| − | Alliance Premier Growth Fund 8,291,672 $410,852,348 | + | <td> '''Value''' </td> |
| − | Fidelity Growth And Income Portfolio 7,362,220 $364,798,001 | + | </tr> |
| − | Fidelity Equity-Income Fund 7,162,404 $354,897,118 | + | <tr> |
| − | Massachusetts Investors Trust 6,858,598 $339,843,531 | + | <td> Fidelity Contrafund Inc. </td> |
| − | Fidelity Magellan Fund Inc 6,368,842 $315,576,121 | + | <td> 11,639,166 </td> |
| − | Variable Insurance Products... | + | <td> $576,720,675 </td> |
| − | Fd-Equity-Income Portfolio 5,970,742 $295,850,266 | + | </tr> |
| − | Putnam Fund For Growth And Income 5,825,526 $288,654,813 | + | <tr> |
| − | Price (T.Rowe) Equity Income Fund 5,071,026 $251,269,338 | + | <td> Vanguard/Windsor II </td> |
| + | <td> 11,098,572 </td> | ||
| + | <td> $549,934,243 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Alliance Premier Growth Fund </td> | ||
| + | <td> 8,291,672 </td> | ||
| + | <td> $410,852,348 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Fidelity Growth And Income Portfolio </td> | ||
| + | <td> 7,362,220 </td> | ||
| + | <td> $364,798,001 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Fidelity Equity-Income Fund </td> | ||
| + | <td> 7,162,404 </td> | ||
| + | <td> $354,897,118 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Massachusetts Investors Trust </td> | ||
| + | <td> 6,858,598 </td> | ||
| + | <td> $339,843,531 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Fidelity Magellan Fund Inc. </td> | ||
| + | <td> 6,368,842 </td> | ||
| + | <td> $315,576,121 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Variable Insurance Products... </td> | ||
| + | <td> </td> | ||
| + | <td> </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Fd-Equity-Income Portfolio </td> | ||
| + | <td> 5,970,742 </td> | ||
| + | <td> $295,850,266 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Putnam Fund For Growth And Income </td> | ||
| + | <td> 5,825,526 </td> | ||
| + | <td> $288,654,813 </td> | ||
| + | </tr> | ||
| + | <tr> | ||
| + | <td> Price (T.Rowe) Equity Income Fund </td> | ||
| + | <td> 5,071,026 </td> | ||
| + | <td> $251,269,338 </td> | ||
| + | </tr> | ||
| + | </table> | ||
==Notes== | ==Notes== | ||
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#{{note|75}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|75}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|76}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|76}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
| − | #{{note|77}} Emerson | + | #{{note|77}} Emerson Electric website http://www.gotoemerson.com |
#{{note|78}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|78}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
| − | #{{note|79}} Anheuser-Busch website | + | #{{note|79}} Anheuser-Busch website http://www.anheuser-busch.com/ |
#{{note|80}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|80}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|81}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|81}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|82}} SBC Communications website | #{{note|82}} SBC Communications website | ||
#{{note|83}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|83}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
| − | #{{note|84}} SHV Holding website | + | #{{note|84}} SHV Holding website http://www.shv.nl/ |
#{{note|85}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|85}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|86}} Vendex N.V. website | #{{note|86}} Vendex N.V. website | ||
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#{{note|97}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|97}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|98}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|98}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
| − | #{{note|99}} Diageo | + | #{{note|99}} Diageo Corporation website http://www.diageo.com/ |
#{{note|100}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|100}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|101}} http://www.delarue.com/ | #{{note|101}} http://www.delarue.com/ | ||
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#{{note|104}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|104}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
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| − | #{{note|106}} USG | + | #{{note|106}} USG Corporation website http://www.usg.com/ |
#{{note|107}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|107}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
#{{note|108}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | #{{note|108}} http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959 | ||
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#{{note|110}} http://biz.yahoo.com/hd/b/bp.html - Data provided by Vickers Stock Research | #{{note|110}} http://biz.yahoo.com/hd/b/bp.html - Data provided by Vickers Stock Research | ||
#{{note|111}} http://biz.yahoo.com/hd/mf/b/bp.html - Data provided by Vickers Stock Research | #{{note|111}} http://biz.yahoo.com/hd/mf/b/bp.html - Data provided by Vickers Stock Research | ||
| + | [[Category: Transnational Corporations]][[Category: Oil Industry]] | ||
Latest revision as of 13:00, 29 March 2007
BP's Board of Directors
- Peter Sutherland Co-Chairman of the Board, age 53
- John G. Buchanan Chief Financial Officer, age 56
- John Buchanan, chief financial officer, was appointed an executive director of BP in 1996. He is a non-executive director of Boots, the UK cosmetics and pharmaceuticals retailer and a member of the UK Accounting Standards Board [1].
- Ruth S. Block Director, age 69 One of only 2 women at the top of the company, Ruth Block joined Amoco's board in 1986 [2]. She retired as executive vice president and chief insurance officer of The Equitable (the UK insurer) in 1987 [3]. She is a non-executive director of Ecolab [4], who serve clients within the fields of Agribusiness, Building Servives, Dairy Processing, healthcare, pharmaceuticals, Pest Elimination and vehicle services [5]. She is also a director of Alliance Capital Mutual Funds (http://www.alliancecapital.com).
- John H. Bryan Director, age 63
- John Bryan joined Amoco's board in 1982, he is also chairman and chief executive officer of Sara Lee Corporation [6] who manufacture and market foods, underwear and household products worldwide [7]. He is also a non-executive director of Bank One Corporation (http://www.bankone.com), General Motors Corporation and Goldman Sachs [8].
- Erroll B. Davis, Jr. Director, age 55
- Erroll B. Davis, Jr. joined Amoco's board in 1991. He is president and chief executive officer of Alliant Energy [9], which is an energy provider to consumers in the American mid-west [10]. He is a non-executive director of PPG Industries [11] which provides materials for manufacturing, construction, automotive industry and chemical processing [12]. In addition he is a member of the American Society of Corporate Executives and the Association of Edison Illuminating Companies [13], the association for US and international (shareholder-owned) electric companies [14]. He is also a member of the Wisconsin Association of Manufacturers and Commerce, the Iowa Business Council and the Edison Electric Institute: [15] 'The association of US shareholder-owned electric utilities and international affiliates' [16]. He is a member of the Nuclear Energy Institute, [17] whose purpose is to foster and encourage the continued safe utilization and development of nuclear energy in the US [18]. He is also a trustee of Carnegie Mellon University [19].
- Richard J. Ferris Director, age 63
- Richard Ferris joined Amoco's board in 1981. He retired as co-chairman of Doubletree Corporation [20] which manages resorts and business hotels [21], in 1997. He is a non-executive director of The Proctor & Gamble Company [22] (Pharmaceuticals & Cosmetics).
- Charles F. Knight Director, age 64
- Charles Knight joined BP's board in 1987. He is chairman and chief executive officer of Emerson Electric [23] who supply hi-tech engineering equipment to companies including BP [24] and is a non-executive director of Anheuser-Busch [25] whose operations are focused on beer, adventure park entertainment and packaging [26] and of Morgan Stanley Dean Witter [27], Financial services (http://www.morganstanley.com), IBM and SBC Communications [28], the US telecomunications Company [29].
- Floris A. Maljers Director, age 66
- Floris Maljers joined Amoco's board in 1994. He is a member of the supervisory boards of SHV Holding [30] whose business encompasses LPG, Food, Recycling and Venture Capital; [31] Vendex N.V. [32] who market consumer goods in the Netherlands, Belgium, France, Germany, and the US; [33] and KLM Royal Dutch Airlines [34]. He is chairman of the supervisory board of the Amsterdam Concertgebouw and Rotterdam School of Management, Erasmus University [35].
- Walter E. Massey Director, age 61
- Walter Massey first joined Amoco's board from 1983 to 1991, he rejoined in 1993. He is president of Morehouse College and is a non-executive director of Motorola (electronics company), Bank of America, McDonald's Corporation (fast food), the Mellon Foundation and the Commonwealth Fund [36], a private foundation which funds research on health [37].
- Michael P. Miles Director, age 63
- Michael Miles joined BP's board in 1994. He is chairman of Johnson Matthey and a non-executive director of ING Baring Holdings and BICC [38], both finance companies.
- Robin Nicholson Director, age 65
- Sir Robin joined BP's board in 1987, his past positions include chairmanship of Pilkington Optronics from which he retired in November 1998 [39]. Pilkington is the leading UK supplier of Electro-optic equipment [40]. He is a non-executive director of Rolls-Royce [41] the UK based automobile, aerospace and arms company, and a member of the UK Government's Council for Science and Technology [42].
- Ian Prosser Deputy Chairman of the Board, age 56
- Sir Ian joined BP's board in 1997 and was appointed deputy chairman in February 1999. He is chairman and chief executive of Bass (UK Brewers), a non-executive director of Glaxo-SmithKline (Pharmaceuticals) and vice president of the council of the Brewers and Licensed Retailers Association (UK) [43].
- Michael H. Wilson Director, age 62
- Wilson joined the board of Amoco in 1993. His other interests include his position as vice chairman and a director of RBC Dominion Securities and as a non-executive director of Manufacturers Life Insurance Company and of Rio Algom [44].
- Robert Wilson Director, age 56
- Sir Robert joined BP's board in July 1998. He is chairman of Rio Tinto, the notorious mining corporation and a non-executive director of Diageo [45] (Food and drink corporation [46]).
- Lord Wright Director, age 68
- Wright joined BP's board in 1991, having previously been Permanent Under-Secretary and Head of the UK Diplomatic Service. He is a non-executive director of De La Rue [47] the global 'cash transactions' business [48].
- Judith C. Hanratty Secretary, age 56
- Judith Hanratty joined BP in London in 1986 and was appointed company secretary in October 1994. She is a nominated member of the Council of Lloyds (the London Insurance Market), a member of the Competition Commission (formerly the UK Monopolies and Mergers Commission), and a member of the Listing Authorities Committee of The London Stock Exchange and the Takeover Panel (UK). She is also a governor of the College of Law and a Fellow of Lucy Cavendish College, Cambridge [49].
- John Browne Group Chief Executive, Director, age 52
- Often the public face of BP, Lord Browne was appointed an executive director in 1991 and group chief executive in 1995. He is a non-executive director of Goldman Sachs Group and of Intel Corporation (computer components); a trustee of the British Museum and a member of the supervisory board of Daimler Chrysler (automobile manufacturers). He is also vice president and a member of the board of the Prince of Wales' Business Leaders Forum [50]. He is said to be a cool-headed man who lives and breathes BP. He's one of the key characters credited with turning BP around since 1992.
- Rodney F. Chase Deputy Group Chief Executive, Director, age 56
- Rodney Chase was appointed an executive director of BP in 1992. When not at the helm of BP, he is a non-executive director of Diageo (food and drink corporation) and the BOC Group [51] (chemicals).
- Doug Ford Chief Executive, Refining and Marketing, age 56
- Doug Ford held a position as an executive vice president of Amoco from 1993 until January 2000 when he was appointed an executive director of BP Amoco. He is a non-executive director of USG Corporation [52] a US Fortune 500 corporation and manufacturer of building materials for the US construction industry [53].
- Chris S. Gibson-Smith Executive Director, Policies and Technology, age 54
- Chris Gibson-Smith, was appointed an executive director of BP in 1997. He is a non-executive director of Lloyds-TSB [54], the UK Bank.
- Richard L. Olver Chief Executive, Exploration and Production, age 53
- Dick Olver was appointed an executive director of BP in January 1998. He is also a non-executive director of Reuters Group [55] (News Agency).
- Bryan Sanderson Chief Executive, Chemicals, age 59
- Bryan Sanderson, was appointed an executive director of BP in 1992. He is chairman of Sunderland PLC, the British Football Club and a non-executive director of Corus, the UK Metals group, (http://http://www.corusgroup.com). He is president of CEFIC: the European Chemical Industry Council and vice president of the court of governors of the London School of Economics [56].
Subsidiaries
BP PLC, registered in England at Britannic House, 1 Finsbury Circus, London, is the overall BP holding company.
First order subsidiaries of BP PLC include many national and regional divisions of BP such as:
- BP (Indian agencies) Ltd.
- BP Africa Ltd.
- BP China Ltd.
- (all registered in England)
The most notable first order subsidiary remains BP International Ltd (registered in England). Below the BP international umbrella lie many further subsidiaries such as:
- BP America holdings Ltd. (registered in England)
- BP America Inc. (registered in USA)
- BP Chemicals (International) Ltd. (registered in England)
Exploration and production (Ex-Pro.) is mostly divided into national subsidiaries under the BP Exploration Operating Co. Ltd, Ex-Pro. Subsidiaries include, for example:
- BP Exploration (Angola) Ltd.
- BP Exploration (Caspian Sea) Ltd.
Most BP subsidiaries can be recognised by the BP or Amoco name although others include The Standard Oil Co. Inc. and more obscure examples such as Grangemouth Polypropylene Ltd. Wholly owned UK subsidiaries are suffixed by the letters Ltd. (Limited Liability Company) and most US subsidiaries by the letters Inc. (Incorporated). A full list of subsidiaries can be found in 'Who Owns Whom' (vol.1 - UK & Ireland) available in the UK at most major libraries.
Structure/Ownership
BP Group is the top level of the company hierarchy. For organisational purposes the Group is divided into 4 divisions:
- Exploration & production
- Oil
- Chemicals
- Gas & Power
- (see divisional chief executives above)
Figures for production volumes and financial performance are reported separately for each division in BPs quarterly Financial and Operating Information. Most senior figures within BP Group including John Browne himself have made their way up through exploration and production, and despite BPs re-branding as an environmentally aware energy company it is this division which continues to drive the direction of the group.
| Top Institutional Holders of BP [57] | Shares | Value |
| State Street Corporation | 74,838,292 | $3,708,237,369 |
| FMR Corporation (Fidelity Management & Research Corp) | 45,746,425 | $2,266,735,359 |
| AXA Financial, Inc. | 44,415,420 | $2,200,784,061 |
| UBS Warburg LLC | 16,933,090 | $839,034,610 |
| Morgan Stanley Dean Witter & Company | 16,617,457 | $823,394,994 |
| Barrow, Hanley Mewhinney & Strauss, Inc. | 15,631,424 | $774,537,059 |
| Bank of America Corporation | 15,402,166 | $763,177,325 |
| Citigroup Inc. | 13,230,389 | $655,565,775 |
| First Union Corporation | 12,831,490 | $635,800,330 |
| State Farm Mutual Automobile Insurance Co. | 12,228,148 | $605,904,733 |
| Top Mutual Fund Holders of BP [58] | Shares | Value |
| Fidelity Contrafund Inc. | 11,639,166 | $576,720,675 |
| Vanguard/Windsor II | 11,098,572 | $549,934,243 |
| Alliance Premier Growth Fund | 8,291,672 | $410,852,348 |
| Fidelity Growth And Income Portfolio | 7,362,220 | $364,798,001 |
| Fidelity Equity-Income Fund | 7,162,404 | $354,897,118 |
| Massachusetts Investors Trust | 6,858,598 | $339,843,531 |
| Fidelity Magellan Fund Inc. | 6,368,842 | $315,576,121 |
| Variable Insurance Products... | ||
| Fd-Equity-Income Portfolio | 5,970,742 | $295,850,266 |
| Putnam Fund For Growth And Income | 5,825,526 | $288,654,813 |
| Price (T.Rowe) Equity Income Fund | 5,071,026 | $251,269,338 |
Notes
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.ecolab.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.saralee.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.alliantenergy.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.ppg.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.aeic.org/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.eei.org/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.nei.org/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.doubletree.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ Emerson Electric website http://www.gotoemerson.com
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ Anheuser-Busch website http://www.anheuser-busch.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ SBC Communications website
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ SHV Holding website http://www.shv.nl/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ Vendex N.V. website
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.cmwf.org/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.optronics.co.uk/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ Diageo Corporation website http://www.diageo.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://www.delarue.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ USG Corporation website http://www.usg.com/
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://yahoo.marketguide.com/mgi/biograph.asp?nss=yahoo&rt=biograph&rn=A1D5COffr_153959
- ^ http://biz.yahoo.com/hd/b/bp.html - Data provided by Vickers Stock Research
- ^ http://biz.yahoo.com/hd/mf/b/bp.html - Data provided by Vickers Stock Research
