Incorporated in 1909, BP (formerly known as British Petroleum) is a world-known, multinational oil and gas company. It operates in all areas of oil and gas industry, from exploration and production to refining and distribution. Today the company provides fuel for the transportation industry, energy for heat and light, lubricants for engines, and other petrochemical products.The company operates in two main segments: Upstream and Downstream. The Upstream is responsible for exploration of natural gas and oil, further processing and transportation, while Downstream specialises in the global manufacturing of fuels and petrochemicals.