British Petroleum (BP) is a multinational oil and gas company based in London, United Kingdom. It is one of the largest energy companies in the world, and its share price is an important indicator of the company’s financial health. BP’s share price history goes back to the early 1900s, when the company was first established as the Anglo-Persian Oil Company.
1909 - 1914
In 1909, the Anglo-Persian Oil Company was established with a capital of £2 million. The company’s first major project was the construction of a refinery in Abadan, Iran. Over the next five years, the company’s share price rose steadily, reaching a peak of £12.50 in January 1914.
1914 - 1950
The company continued to grow and expand, and in 1914 it changed its name to the Anglo-Iranian Oil Company. The company’s share price rose to a high of £25 in 1920, but then fell back to the £12 level in 1925. In 1933, the company changed its name to the Anglo-Iranian Oil Company, and the share price rose back to £25. The share price remained fairly stable over the next two decades, but rose steadily in the late 1940s, reaching a peak of £50 in 1950.
1950 - 1970
In 1950, the company changed its name to the British Petroleum Company and the share price rose to a peak of £80. The company continued to grow and expand, and the share price rose steadily, reaching a peak of £150 in 1960. The share price dropped back to the £100 level in 1965, but rose steadily again in the late 1960s, reaching a peak of £175 in 1970.
1970 - 1990
In the early 1970s, the company’s share price fell back to the £100 level, but then rose steadily over the next decade, reaching a peak of £250 in 1980. The share price then dropped back to the £150 level in 1985, but rose again in the late 1980s, reaching a peak of £300 in 1990.
1990 - 2000
In the early 1990s, the company’s share price fell back to the £200 level, but then rose steadily over the next decade, reaching a peak of £400 in 2000. The share price then dropped back to the £300 level in 2003, but rose again in the late 2000s, reaching a peak of £500 in 2008.
2000 - 2020
In the early 2000s, the company’s share price rose steadily, reaching a peak of £600 in 2010. The share price then dropped back to the £400 level in 2014, but rose again in the late 2010s, reaching a peak of £700 in 2019. The share price then dropped back to the £500 level in 2020.
2021 - 2023
The company’s share price has been volatile in 2021, reaching a peak of £800 in April 2021 and then falling back to the £500 level in June 2021. Since then, the share price has been steadily rising, and is currently trading at around £650. Analysts are predicting that the share price will continue to rise over the next few years, with some predicting it could reach £1000 by the end of 2023.
Although the future of the British Petroleum share price is uncertain, its history is a testament to the company’s resilience and success. Despite ups and downs, BP has managed to remain one of the most successful energy companies in the world and is likely to remain so for many years to come.