| foreword
The volatility of energy markets in recent years and the current geopolitical situation have led to a renewed focus on energy policy and the central issue of energy security. An informed debate on this important subject requires a sound understanding of current energy markets and how those markets have evolved over time. This in turn requires ready access to a consistent and objective set of historical energy da ta.
It is therefore my pleasure to introduce the 51st edition of the BP Statistical Review of World Energy. Throughout its life, the Review has aimed to provide a comprehensive source of high-quality data for analysts, policy makers and all those with an interest in energy matters. Over time, the Review has tracked major changes in the structure of the energy business, the response of the markets to shocks such as the oil crises of the 1970s and the changing pattern of energy trade. I hope that it will continue to inform the ongoing energy debate.
As the data shows, 2001 was a volatile year in the world's energy markets, as a result both of the economic downturn and the horrific events of 11 September. Despite all the volatility, however, markets continued to operate effectively, demonstrating once again the value that flows from the maintenance of diverse sources of supply, particularly for oil and natural gas. Production of a printed document such as this inevitably places limitations on the volume of data that can be shown. Electronic media impose fewer constraints. We have therefore made a more comprehensive data set available at www.bp.com/centres/energy/, with many of the series going back as far as 1 965.
I would like to thank all those who have helped produce this Review and I hope that readers find it both useful and interesting.
BP Info
"BP is one of the world's largest petroleum and petrochemicals companies. Our main activities are exploration for and production of crude oil and natural gas; oil refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. We have a growing activity in gas, power and renewables and in solar power generation. BP has well-established operations in Europe, North and South America, Asia, Australasia and Africa ."
Market capitalisation $200 billion (at March 2002) International headquarters
Revenues $174 billion
Capital employed $87 billion
Profit pre exceptionals $8.3 billion
Pro Forma Result $11.6 billion
Number of employees 110,000
Number of shareholders In excess of 1 million | 