BP Plc (BPAQF/BPAQF.PK) Penny Investment Summary:

BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. It operates in three segments: Exploration and Production, Refining and Marketing, and Other Businesses and Corporate. The Exploration and Production segment engages in the oil and natural gas exploration, development, and production; and marketing and trading of natural gas liquids, liquefied natural gas (LNG), and gas and power. It has exploration and production activities in the United States, the United Kingdom, Angola, Azerbaijan, Canada, Egypt, the Russian Federation, and Trinidad and Tobago, as well as in the Asia Pacific, Latin America, and the Middle East. This segment also owns and manages crude oil and natural gas pipelines; processing and export terminals; and LNG processing facilities and transportation. BP p.l.c. has interests in the Trans Alaska pipeline system, the Forties pipeline system, the Central Area transmission system pipeline, and Baku-Tbilisi-Ceyhan pipeline, as well as in LNG plants located in Trinidad, Indonesia, and Australia. The Refining and Marketing segment engages in the supply and trading, refining, marketing, and transportation of crude oil, petroleum, and chemicals products to wholesale and retail customers under the Amoco and BP brands. The Other Businesses and Corporate segment produces and markets rolled aluminum products, as well as generates energy through wind, solar, biofuels, hydrogen, and gas-fired sources. BP p.l.c. has a joint development agreement with Martek Biosciences Corp. to work on the production of microbial oils for biofuels applications. The company was founded in 1889 and is headquartered in London, the United Kingdom.