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In 1976, the company was nationalized under the Act on the Nationalisation of Foreign Oil companies ESSO (1974), Burma Shell (1976) and Caltex (1977). [8] On 24 January 1976, the Burmah Shell was taken over by the Government of India to form Bharat Refineries Limited. On 1 August 1977, it was renamed Bharat Petroleum Corporation Limited.
In 1963, the company left Burma and undertook new exploration in India, Pakistan, Bangladesh, Australasia, the Americas, Canada and the North Sea until 1986. [8] In 1966, Burmah acquired Castrol renaming it Burmah-Castrol. [9] The Bank of England came to the rescue of Burmah Oil after the company made large losses on its tanker fleets in 1974.
Other instances where the site has acted as an Internet leak include a 2007 IT outsourcing plan, [272] as well as a 2008 internal memo where CEO Jeroen van der Veer expressed disappointment in the company's share-price performance. [273] The gripe site has also been recognized as a source of information regarding Shell by several news sources.
What future fortunes hold. Shell isn’t alone in leaning more toward oil and gas. BP, a British-headquartered energy giant ranked fifth on the Fortune Europe 500 list, also dialed down its ...
LONDON -- Many investors' portfolios will contain shares in some of the larger FTSE 100 companies, with BP, GlaxoSmithKline, and Royal Dutch Shell being three of the most common holdings. An ...
As of 2018, BP owned or had a share in 11 refineries. [200] BP, which employs about 1,800 people in oil trading and trades over 5 million barrels per day (790 × 10 ^ 3 m 3 /d) of oil and refined products, is the world's third-biggest oil trader after Royal Dutch Shell and Vitol. [269]
Shares of BP (BP) jumped to the highest level in six months on media reports that Royal Dutch Shell (RDS.A) considered bidding for the British company during the Gulf Oil disaster. BP shares ...
Reliance BP Mobility Limited (d/b/a Jio-bp), is an Indian oil and gas company, owned by Mukesh Ambani of Reliance Industries Limited (RIL). It is based in Navi Mumbai , Maharashtra , India . It is vertically integrated and is involved in hydrocarbon exploration, production, refining and also has interests in the downstream business and operates ...