COMPANY SNAPSHOT
BP is one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products for everyday use.
BP has enjoyed continuous growth and transformation. Starting out as a local oil company, we’ve developed into being a global energy group; employing almost 100,000 people and operating in over 100 countries worldwide.
Life would be a lot more straightforward for us if each of our oil and gas fields was conveniently close to one of our refineries, which in turn stood at the centre of a large and diverse market with an insatiable appetite for our products. But the world is not like this. Markets are in a constant state of evolution. New sources of gas and oil keep being developed, while old sources decline. Influenced by global economic forces, patterns of energy consumption change year by year; and influenced by the weather, even day by day. Prices are volatile. Different products command different prices in different parts of the world on different days. And, as if this isn’t complicated enough, BP has grown over its long history through a series of mergers and acquisitions, leaving us with a complex web of global assets, relationships and commercial positions to manage. This means that our physical assets are not always in the right place at the right time.
Each day, BP physically moves massive quantities of oil, gas and refined products around the world through supply chains of immense complexity. A large part of our success rests on our ability to enhance the value we create across every link in the chain. And enhancing value is right at the heart of what we do in IST.
As one of the largest supply and trading organisations of our kind on the planet, we are one of the reasons why BP is a leader in the energy sector. We work in some of the most dynamic market environments, applying trading, supply, risk management and information technology skills to what we do, all supported by a world-class control infrastructure. We work in close partnership with BP’s business segments to generate additional value by managing the flow of commodities from the wellhead to our customers.
Influenced by global economic and political forces and fluctuating weather systems, energy trading is a complex and dynamic business. At BP we can help you develop a long-term, energy trading career in a high-technology and fast-paced environment. You’ll have the opportunity to learn new things and work alongside talented colleagues. You’ll see the results of the important work you do. And, as you develop a well supported career full of variety, you’ll have the chance to gain valuable financial, personal and organisational rewards.
FULL-TIME GRADUATE HIRES
How many Graduate places do you anticipate offering in 2008?
10
How many places have been filled in 2007?
5
In which areas of BP (Integrated Supply and Trading) are you placing graduates?
Front and middle office.
What does a typical graduate rotation look like?
Each rotation will be 12 months long and graduates on the scheme will do 2 or 3 rotations before completing the development programme. Roles are assigned to graduates depending on their interests and career plans. All roles give you immediate access to the traders and trading teams.
What are your application deadlines?
7th January 2008
What is the ratio of applicants to the positions?
1:170
Briefly describe the hiring process:
An application form and online tests. The application form is biographical and competency based and will be screened and scored by a human before a decision about progression is made. First round interviews – these take place during a 2 day trader workshop which provides the candidates with the opportunity to learn more about trading at BP by participating in trading games and social events in an interesting and informal environment. Final 1 day assessment centre.
How much do you pay graduates?
2008 TBC. 2007: £32,300 (inc £3,300 london allowance)
Do you allow deferred entry and if so, under what circumstances?
Exception.
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UNDERGRADUATE INTERNSHIPS
How many summer interns do you anticipate you will hire in 2008?
2 in IST
How many did you hire in 2007?
0 – in IST. Across BP we had 80 interns.
What percentage of summer interns were offered full-time positions in 2007?
Across BP we made offers to over 75% of our interns.
Which business areas of BP (Integrated Supply and Trading) offer structured internships?
Front and middle office
When are your application deadlines?
7th January 2008
What is the ratio of applications to positions?
2008 is the first year for IST Internships
How much do you pay interns?
£17,000 (BP’s intern salary for 2007, pro-rated for summer interns)
What should interns know about you before applying?
In 2006 BP won the Target Awards prize for best undergraduate internship / vacation programme and this year IST want to build upon the expertise from the other programmes to offer internships in our trading department.
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COMPANY CULTURE
In all our activities we seek to display some unchanging, fundamental qualities – integrity, honest dealing, treating everyone with respect and dignity, striving for mutual advantage and contributing to human progress. To translate these into guides for practical action, we build on them in our group values. By bringing together intentions previously articulated in a number of different policy statements, these make it clear that the group aims:
• to have the most excellent competitive corporate, operating and financial performance • to improve, and to be accessible, inclusive and diverse • to engage the creative talents of our employees, and develop and apply leading, cost-effective technology and intellectual creativity to enhance innovation and new ideas • to carry on its business in an environmentally responsible manner, and develop cleaner energy and renewable energy sources. The group is committed to the responsible treatment of the planet’s resources and to the development of sources of lower-carbon energy
Our values relating to people & capability:
Human capability and technology: to nurture human capability and invest in people to ensure that the right technology, skills, behaviours and intellectual property are available for the pursuit of the board goals.
Employee treatment: to treat employees fairly and with respect and dignity.
Employee expectations: to make clear the expectations the group has of each employee in line with the group’s general principles of delegation. Each employee will be given open and constructive feedback to aid his or her continuing development and performance.
Inclusion: to enable employees to feel included as part of a meritocratic organisation of people from diverse backgrounds.
Merit and diversity: to recruit, select, develop and advance its employees on merit, irrespective of age, gender, nationality, physical challenge, race, religious belief, sexual orientation or identity.
Remuneration: to reward employees in a manner that reflects their role in the group and their contribution to the achievement of targets.
Our values relating to health, safety and the environment:
Health and safety: to ensure that there are no accidents, no harm to people and that no one is subject to unnecessary risk while working for the group.
Environmentally sound operations: to conduct the group’s activities in a manner that, consistent with the board goals, is environmentally responsible with the aspiration of ‘no damage to the environment’. The group will seek to drive down the environmental impact of its operations by reducing waste, emissions and discharges, and by using energy efficiently.
‘Transcending the environmental trade-off’: to contribute to human progress by applying the group’s resources in such a way that the perceived trade-off between global access to heat, light and mobility and the protection and improvement of the natural environment may be overcome.
History:
BP today reflects a period of unprecedented transformation.
The BP story, from first oil to tomorrow’s energies
Our history is full of discoveries, starting in 1908 with oil found in a rugged part of Persia after a long and difficult search. Since then, discoveries large and small (and sometimes just in the nick of time) have fuelled our progress.
In our story, you may make a few discoveries of your own. Winston Churchill gives a rousing speech. The Smurfs cause a traffic jam. Our employees help construct a giant spool, build the world’s largest deepwater pipeline and bring solar power to remote villages in the Philippines.
Where did they find the energy? Visit our website to find out more..
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FINANCIAL FACTS
There’s too much information to list – please see our website where you can download our latest financial results and check the share price.
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