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BP Integrated Supply and Trading Indiana University. Mike Nierengarten Paul Steffen. Today’s Agenda. Overview of BP Group Integrated Supply & Trading Business Unit The IST – Oil Americas Trading Development Program Current Events Discussion Questions and Answers.

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Presentation Transcript
today s agenda
Today’s Agenda
  • Overview of BP Group
  • Integrated Supply & Trading Business Unit
  • The IST – Oil Americas Trading Development Program
  • Current Events Discussion
  • Questions and Answers
overview of bp group
Overview of BP Group
  • BP is an oil, gas, petrochemicals and renewables company
  • 103,000 employees*
  • Operations on 6 continents and in over 100 countries
  • Market capitalization of $ 238.7 billion*
  • Annual Revenues of $285 billion*
  • Largest oil company and 2nd largest company in the world in terms of revenue (2004 Fortune Global 500)
  • In terms of social responsibility: BP is 3rd worldwide

*(Data as of Dec 2004)

  • Some Interesting facts …….
  • Over 27,800 service stations worldwide (More than McDonalds)
  • Serving 13 million customers everyday (More than Yahoo)
where bp operates
Where BP Operates

Oil

Gas

Chemicals

Refining

Market positions

An opportunity and a responsibility

ist s purpose
IST’s Purpose

IST’s purpose is to enhance the BP Group’s performance through

the application of industry leading supply and trading skills.

Through the global application of our expertise we are able to:

  • Optimize BP’s assets by securing optimal supply and off-take;
  • Utilize our risk management and commercial expertise;
  • Be the global leader in asset-based and entrepreneurial focused investment and trading activities
ist s dual roles
IST’s Dual Roles
  • Supply
    • Market BP’s production
    • Optimize crude/product flow
    • Interface with BP’s physical assets
  • Trading
    • Entrepreneurial trading books
    • Trade around physical asset base
    • Mitigate volatility risk by hedging
how ist works
How IST Works

IST “Trading Ring”

Integrated Positions

Team based trading & incentives

Open communication across “books”and locations

Combinations of asset and speculativetrading in a single team

Houston &

Chicago

Singapore

24 Hour

Global

Trading

$

Human

Capital

Assets

+

Worldwide Presence

+

Systems

+

Relationships

London

Other Major Offices

Long Beach

Calgary

Moscow

Cape Town

Dubai

And many other offices across the globe

ist s markets
IST’s Markets

WHERE ?

WHO ?

how the program works
How the Program Works
  • Purpose of the Program
    • Entry point for driven individuals interested in trading industry
    • Primary source of BP trading talent (also includes Origination, MI, Risk, & Credit)
  • How it Works
    • Competitive 3 year program (driven by individual performance and value delivered to business)
      • Structured training program
      • Formalized assessment process including peer ranking
      • Focus on personal development
      • Roles driven around business needs
    • Networking opportunities
    • Guidance from mentors
trading development opportunities
Trading Development Opportunities

Typical Positions

Trading Control Analyst

Futures and Options Analyst

Market/Trading Analyst

Chartering Specialist

Scheduler

Credit Analyst

Risk Analyst

current event
Current Event
  • Hurricane Katrina
    • Impact Awareness
    • Supply and Demand Developments
    • Global Awareness and Strategy
bp at iu this semester
BP at IU This Semester
  • Classroom Presentations
    • Finance – February 23rd & 24th
  • BP Trading Game
    • 3rd week of April
  • Back on Campus in the Fall
    • Scoop Sessions / Career Fairs/ Class Presentations
    • Interviews for full time positions
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