Company Report

BP refining and oil products summary



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Report summary

In 2015 BP continued its capital discipline programme following the settlement of the Macondo incident and subsequent oil price decline impact on the business. Increased downstream earnings helped to offset the losses in the upstream sector which was largely as a result of lower oil prices. Within downstream, BP continues to focus on the integrated Fuels Value Chains as its core downstream strategy. There was also selective growth in 2015, especially in the aviation business following the acquisition of Statoil Fuel and Retail aviation fuel business in Scandinavia.  

What's included

This report contains

  • Document

    BP refining and oil products summary

    PDF 973.39 KB

Table of contents

    • SWOT analysis
    • A streamlined portfolio in a lower oil price world
    • Downstream is a key contributor to overall profitability
    • Rosneft stake providing opportunities despite sanctions
  • Financials
    • European refining and marketing operations
    • Refining
    • Marketing
    • Supply/demand
    • Implications and outlook
  • Mergers and acquisitions

Tables and charts

This report includes 10 images and tables including:


  • Recent European acquisition/divestment
  • Executive summary: Table 1
  • Refining and oil products: Table 1


  • Replacement cost profit before interest and tax
  • Capex by business segment
  • Portfolio summary: Image 1
  • European refinery capacity* by country (kb/d) - 2015
  • End 2015 service stations* by country
  • Total company position
  • Supply area A - UK

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