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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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BP Integrated Supply and Trading Indiana University

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Bp integrated supply and trading indiana university

BP Integrated Supply and TradingIndiana University

Mike Nierengarten

Paul Steffen

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





Market positions

An opportunity and a responsibility

How bp operates

How BP Operates

Integrated supply and trading ist

Integrated Supply and trading (IST)

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 &



24 Hour








Worldwide Presence






Other Major Offices

Long Beach



Cape Town


And many other offices across the globe

Ist chicago trading floor

IST Chicago Trading Floor

Ist s markets

IST’s Markets



Ist trading development program

IST Trading Development Program

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


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

Questions and answers

Questions and Answers

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