Bharat Petroleum

By: EconomyWatch   Date: 17 July 2010

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Bharat Petroleum is among leading petroleum refining, distribution and marketing public sector undertakings in India. Bharat Petroleum is ranked #967 in Forbes Global 2000 list.
Bharat Petroleum Corporation Limited (BPCL) with around 15,000 employees is engaged in oil refining and retailing, and liquefied petroleum gas (LPG) distribution. Versatility of this company extends to technology, products, operational procedures and environment protection. Lubricants and aviation fuels are other specialized products of BPCL. Bharat Petroleum meets demand of nearly 8000 industrial customers, and millions of households. BPCL has a total capacity of refining about 20 MMPTA in its refineries in Mumbai and Kochi.

Brief history
History of BPCL goes as far back as 1860s when Burmah Oil Company Limited was established. Oil production in India began with discovery of oil in Jaypore in 1886 and in Digboi in 1889. After further discoveries, John D. Rockefeller set up Standard Oil Trust. Another company by name Asiatic Petroleum Company comprising Shell Rotschilds and Royal Dutch was formed for marketing petroleum products in South East Asia.

Thereafter in 1928, Asiatic Petroleum (India) and Burmah Oil Company formed Burmah-Shell Oil Storage and Distributing Company of India Limited. Subsequently in 1976, Burmah-Shell group of companies were brought under Government of India’s control and Bharat Refineries Limited was created. In 1977, Bharat Refineries was renamed to Bharat Petroleum Company Limited.

Products and services
Automobile fuels, aviation oil, automotive lubricants and LPG are principal products of Bharat Petroleum. BPCL’s Mahul refinery in Mumbai processes approximately 9 MMTPA (million metric tons per annum) of crude oil. BPCL has a network of more than 6550 retail outlets selling automobile fuels, automotive lubricants and other non-fuel products. Speed and Speed 97 are petrol variations while ‘hi-speed’ is a diesel variant of Bharat Petroleum.

MAK is brand name of automobile lubricants sold by BPCL. Transmission oil, gear oil, specialty oils and greases are also offered by Bharat Petroleum.

BPCL because of its contribution of 61 percent towards aviation fuel requirement is termed as ‘Fuelers of the Leading Airlines of World’. Bharat Petroleum is an exclusive distributor of AeroShell lubricant.

Financials
During financial year April 2007–March 2008, BPCL achieved sales of $22.77 billion with a resultant profit of around $0.50 billion. Assets held by Bharat Petroleum amounted to around $8.67 billion.


Awards and recognition
Media identified Bharat Petroleum as “Top Petroleum Company in India” in 2006.


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