Insight
Downstream oil in brief: BP partners up for growth
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Fuels marketing is a key growth area for BP with it aiming to increase pre-tax earnings from US$3.9 billion in 2017 to US$6 billion by 2021. It has over 18,000 branded retail fuel outlets spanning 19 countries. Of which, around half are company-owned which is significantly more than other majors such as ExxonMobil (5%) and Chevron (6%). This affords it a greater degree of operational control, particularly over the non-fuel element. Its integrated fuels value chain allows the company to focus on margin management along the entire value chain from crude extraction to the customer.
Table of contents
- The US: a core market for BP
- Europe: a high-graded portfolio
- Partnerships: key for expansion
- Non-fuel: a formula for adding value
- In conclusion
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Margins
- Refining margins
- Fuels marketingmargins
Tables and charts
This report includes the following images and tables:
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BP regional retail network: Europe and USBP regional retail network: Rest of worldMED gasoline/gasoil crack spreads
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MED refining marginsNWE gasoline/gasoil crack spreadsNWE refining marginsAverage weighted gross retail marginsFranceGermanySpainUnited KingdomRecent fuels marketing transactions
What's included
This report contains:
