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WELCOME TO BP
SCOOP Session
February 12 , 2004
Our Aspiration
“to be numbered amongst the world’s great companies
when evaluated on financial returns and growth, being a great place to work and building a positive
relationship with society.
“to make it possible for people all over the world to enjoy the benefits of our products and services without endangering the natural environment.”
- statement of strategy, October 2002
Who We Are
BP is an oil, gas, petrochemicals and renewables company
117,000 employees
Operations on 6 continents and in over 100 countries
Market capitalization of $ 142 billion
Annual Revenues of $179 billion (2002)
2nd largest oil company and 7th largest company in the world
Some Interesting facts …….
Over 26,500 service stations worldwide (More than McDonalds)
Serving 13 million customers everyday (More than Yahoo)
Greater earnings (profits) than 90% of the U.N. countries
Where We Come From
TNK - BP
How We Rank…
In terms of assets: BP ranks 99th in the world
In terms of revenue: BP is 4th among Fortune Global 500 Companies
In terms of profits: BP places 6th among Fortune Global 500 Companies
In terms of respect: BP ranks 35 out of the worlds 50 most respected companies and highest among all oil companies
In terms of social responsibility: BP is 3rd worldwide
Our Global Presence
oil
gas
chemicals
refining
market positions an opportunity and a
responsibility
Where Our People are Located
Latin America & Caribbean2,800
NorthAmerica42,800
Africa4,700
Europe45,200
Asia &Australasian12,000
Middle East,Caspian & Russia2,500 (+TNK BP)
What We Do
exploration & production
refining & marketing
gas, power & renewables
petrochemicals
business segments
How Our Business Operates
Integrated Supply and Trading (IST)
What is IST?
“Born” July 1, 2001, brings together all supply and trading functions
Coordinates information exchange between streams
Provides ‘one face’ to the market
Integ
rate
dS
up
ply
&
Markets BP’s equity production
Originates third-party supply
Optimizes the flows between production, refining & processing, and marketing
Tra
din
g
Mitigates price volatility risk
Uses superior information to make “entrepreneurial” trades
Develops deep relationships with third parties
What IST does
IST’s 2,500 employees interact with 95% of the Business Units in BP,
acting as a hub for information and maximizing
asset value
Assets+
Worldwide Presence
+Systems
+Relationships$
How IST Works
IST “Trading Ring” Integrated PositionsTeam based trading & incentivesOpen communication across “books”and locationsCombinations of asset and speculativetrading in a single team
Houston &Chicago
Singapore
London
24 HourGlobal
Trading
Other Major OfficesLong BeachCalgary + Many smaller officesMoscow across the globeCape TownDubai
HumanCapital
IST Challenge Program
IST Challenge Program
3 positions over 3 years
Opportunities to change location
-La Palma, CA and Houston, TX
Variety of front and back office roles
Based on personal development plan
Rotations
Training programs: BP & external
Networking opportunities with fellow employees
Mentors assigned to provide guidance
Other Opportunities for Learning
Purpose of the program:
Acceleration of skills development
Exposure to different business areas
Broad networking
Develop new internal pool of talent
Grow and enhance our group’s performance
Diversify workplace: infuse new ideas
Personal Development Business Needs
How it works:
IST Challenge Opportunities
Types of Positions Available
Rotation opportunities include: -Analytical, Special Project, Operational and Process roles
Financial Operator Trading Analysis
Oil/Products Scheduling Market Analysis
Exchange Analysis Petroex & Contracts
Performance Analysis Inventory Management
Why is IST Challenge Unique?
Real jobs; real opportunities
No pre-defined tracks: You have input
Reasonable hours and expectations
Great jobs waiting at completion
Hiring Process
Chicago Offices
• Presenting at SCOOP sessions next semester
• Attending the Business career fair in fall
• Campus interviewing in October
QUESTIONS ?
