| Type | State-owned enterprise Public |
|---|---|
| Traded as | BSE: 500547 NSE: BPCL |
| Industry | Oil and gas |
| Founded | 1976 |
| Headquarters | Mumbai, Maharashtra, India |
| Key people | R. K. Singh (Chairman & MD) |
| Products | Petroleum, natural gas, and other petrochemicals |
| Revenue | 153,300.03 crore (US$29.13 billion) (2011)[1] |
| Operating income | 4,068.05 crore (US$772.93 million) (2011)[1] |
| Net income | 1,546.68 crore (US$293.87 million) (2011)[1] |
| Total assets | $10.365 billion (2009)[1] |
| Total equity | $2.724 billion (2009)[1] |
| Employees | 13,974 (2009)[1] |
| Website | www.bharatpetroleum.com |
Bharat Petroleum Corporation Limited (BPCL) (BSE: 500547, NSE: BPCL) is a state-controlled oil and gas company headquartered in Mumbai, India. In 2011, Fortune Global 500 ranked the company of 272.[2]
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In 1860s during vast industrial development, an important player in the South Asian market was the Burmah Oil Company Ltd. Though incorporated in Scotland in 1886, the company grew out of the enterprises of the Bhushan Oil Company, which had been formed in 1871 to refine crude oil produced from primitive hand dug wells in Upper Burma.
In 1928, Asiatic Petroleum Company (India) started cooperation with Burmah Oil Company. This alliance led to the formation of Burmah-Shell Oil Storage and Distributing Company of India Limited. Burmah Shell began its operations with import and marketing of Kerosene.
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. It was also the first refinery to process newly found indigenous crude Bombay High.
Bharat Petroleum owns refineries at Mumbai and Kochi (Kochi Refineries) with a capacity of 12and 9.5 million metric tonnes per year respectively. Its subsidiary at Numaligarh has a capacity of 3 million metric tonnes per year. On 25 May 2011, the Bina Refinery in Madhya Pradesh with a capacity of 6 million metric tonnes per year was commissioned.
Mahendra Singh Dhoni, captain of 2011 Cricket World Cup winning team, and Narain Karthikeyan, Formula One driver for Hispania Racing team, are brand ambassadors for Bharat Petroleum.