BP p.l.c., a publicly owned British multinational oil and gas company headquartered in the United Kingdom, was founded in 1909. With approximately 63,800 employees, the company reported $189.3B in revenue as of 2025. Primarily focused on oil and gas, BP p.l.c. is recognized as an oil and gas "supermajor" and operates as one of the world's largest companies measured by revenues and profits. It was formerly known as The British Petroleum Company p.l.c. and BP Amoco p.l.c.
On August 28, 2026, Channel Infrastructure lifted its guidance and announced an approximate $65-70 million investment over two years to bring new jet and diesel storage at Marsden Point into service for BP. This development followed Channel Infrastructure NZ Limited entering into a 15-year contract with BP on August 27, 2026, for significant additional jet and diesel fuel storage at the Marsden Point Energy Precinct. This contract is expected to generate approximately $130 million in revenue over its initial term, with revenue commencing in Q3 2028. Earlier the same day, Channel Infrastructure reported that new fuel storage deals, including the one with BP, were helping lift its earnings outlook, as the company reported a half-year revenue of $72.9 million, a 4% increase, and net profit rising to $18.2 million from $11.6 million. Separately, on August 27, 2026, BP's equally owned joint venture with Eni, Azule Energy, operates the Greater PAJ project in Blocks 31 and 31/21 offshore Angola, with Sonangol E&P and Equinor participating in the project.
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