Discover the rich history of Bharat Petroleum, India’s ‘best performing’ Maharatna Public Sector Undertaking, and its journey from being an Oil and Gas Company in India to a Fortune 500 oil refining, exploration and marketing conglomerate.
When Oil discoveries were being made and industries expanded, John D. Rockefeller and his business associates acquired control over numerous refineries and pipelines. With these acquisitions under their belt, they went on to form the Standard Oil Trust – a giant in its own right.
Observing this and to counter the growing significance of Standard Oil, three largest rivals - Royal Dutch, Shell and Rothschild’s - came together to form a single organisation called Asiatic Petroleum to market petroleum products in South Asia.
In 1928, Asiatic Petroleum (India) joined hands with the Burmah Oil Company, an active producer, refiner and distributor of petroleum products, particularly in Indian and Burmese markets to form the Burmah-Shell Oil Storage and Distributing Company of India Limited.