BP’s Oil Trading Business Estimated To Return $2.5 Billion A Year

Supermajor BP likely sees its return on average capital employed in its large oil trading business at around US$2.5 billion annually, according to Bloomberg’s estimates based on the company’s most recent capital markets disclosures.   BP, like most of the other Big Oil companies, doesn’t disclose how much its oil trading unit makes or how profitable those operations are.   Europe’s oil and gas supermajors such as BP, Shell, and Total have vast oil trading operations and often trade more volumes of crude oil than…