BP is biggest loser among U.S. government contractors


BP, once the Pentagon’s top fuel supplier, is now the biggest loser among U.S. government vendors, according to data compiled by Bloomberg.

A combination of no big contracts awarded and promised military work withdrawn left BP with a net loss of $654M in federal contracts in the fiscal year that ended Sept. 30, compared with $2.5B in awards in FY 2012.

BP was suspended from new federal contracts and other work after the 2010 Gulf of Mexico oil spill; the Defense Department, by far the government’s biggest buyer of petroleum products, also withdrew promised funding of more than $400M last year, which BP is challenging in court.

In FY 2011, BP was the largest seller of fuel to the military, with $1.37B in prime contracts, and a year later it ranked just below top-ranked Shell; in 2013, closely held Refinery Associates was the no. 1 supplier, with $1.34B, followed by World Fuel Services (INT), with $1.19B.

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Comments (10)
  • spike77
    , contributor
    Comments (462) | Send Message
     
    It's now hard to deny that the USA is determined to destroy BP for some reason. Is it to do with BP's Russian connections?
    10 Mar 2014, 12:25 PM Reply Like
  • delprice
    , contributor
    Comments (1927) | Send Message
     
    We want to sell natural gas overseas and reduce Russian influence??
    10 Mar 2014, 01:39 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9617) | Send Message
     
    Thank goodness for (BP) investors that they are world-wide operation and the US is only a piece to (BP).

     

    The negative "press" continues for (BP) in the US. The last week has been laughable.

     

    Perhaps they have ruffled a few feathers by circumventing the US oil export ban?

     

    Long (BP) and continuing to add shares.
    10 Mar 2014, 03:59 PM Reply Like
  • glf4mny
    , contributor
    Comments (464) | Send Message
     
    an incredible achievement for a very small privately help company that doesn't manufacture fuel.
    http://buswk.co/1isKvs6
    10 Mar 2014, 06:14 PM Reply Like
  • joey999
    , contributor
    Comments (510) | Send Message
     
    Its strange that a middleman company can outcompete the majors and US producers. Hmmm..
    10 Mar 2014, 06:54 PM Reply Like
  • RobTheRheyno
    , contributor
    Comments (5) | Send Message
     
    http://bit.ly/1g4IOxB Looks like LUKOIL aka Russia maybe the new supplier for the US army.
    11 Mar 2014, 09:32 AM Reply Like
  • joey999
    , contributor
    Comments (510) | Send Message
     
    How are these contracts decided? Surely a commodity purchase such as fuel should be a purchase from the lowest tenderer? If not, the DoD is wasting taxpayer dollars. Audit, anyone?
    10 Mar 2014, 06:50 PM Reply Like
  • Those Who Wait
    , contributor
    Comments (905) | Send Message
     
    Refinery Associates Of Texas, Inc.? Huh? awarded a $1,300,265,002 federal contract by the Defense Logistics Agency Energy? Could this be circumventing Defense Dept. cuts? And of course, there was this on BP's Tony Hayward: http://bit.ly/1flzn1e
    10 Mar 2014, 07:30 PM Reply Like
  • delprice
    , contributor
    Comments (1927) | Send Message
     
    The reincarnation of Mobile Oil anyone?
    10 Mar 2014, 07:39 PM Reply Like
  • TJ Schoenlein
    , contributor
    Comments (410) | Send Message
     
    Has anyone thought that this government has and continues to keep BP in its crosshairs?
    The Obama administration continues to shut BP down whenever possible. It's the only rational response I know at this time. Governments are people and people can be very vindictive.
    10 Mar 2014, 09:13 PM Reply Like
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