A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Over time, companies have evolved to have following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation.
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The Electro-Dynamic Light Company of New York was a lighting and electrical distribution company organized in 1878. The company held the patents for the first practical incandescent electric lamp and electrical distribution system of incandescent electric lighting. They also held a patent for an electric meter to measure the amount of electricity used. The inventions were those of Albon Man and William E. Sawyer. They gave the patent rights to the company, which they had formed with a group of businessmen. It was the first company in the world formally established to provided electric lighting and was the first company organized specifically to manufacture and sell incandescent electric light bulbs.
Man, an attorney from New York City, supplied money for experimentation to Sawyer, an electrical engineer. This partnership developed into the Electro-Dynamic Light Company that brought in other investors that became partners. Sawyer devised a unique electrical distribution system where electrical power could be obtained anywhere in the city from an electrical generator with the turn of a switch to light up electric lamps to produce glowing light like a gas lamp. It was unique in that it produced this power without consumers having to maintain local galvanic batteries and at a fraction of the cost of producing the same lighting as from gas lamps. Other features of the system were that safety devices were built in to prevent the early destroying of the other electric lamps in the circuit should there be a power surge due to a lamp burning up early and leaving the distribution circuit. The patents for the Man and Sawyer system were in place before any other electrical companies had similar systems. (Full article...)
Image 930 St Mary Axe, London, widely known by the nickname "The Gherkin", and occasionally as a variant on The Swiss Re Tower, after its previous owner and principal occupier. Swiss Re is the world’s second-largest reinsurance company.
Image 10The Intel 80486DX2 is a CPU produced by Intel Corporation that was introduced in 1992. Intel is the world's second largest semiconductor company and the inventor of the x86 series of microprocessors.
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Seal of the London Necropolis & National Mausoleum Company
The London Necropolis Company (LNC), formally the London Necropolis & National Mausoleum Company until 1927, was a cemetery operator established by Act of Parliament in 1852 in reaction to the crisis caused by the closure of London's graveyards in 1851. The LNC intended to establish a single cemetery large enough to accommodate all of London's future burials in perpetuity. The company's founders recognised that the recently invented technology of the railway provided the ability to conduct burials far from populated areas, mitigating concerns over public health risks from living near burial sites. Accordingly, the company bought a large tract of land in Brookwood, Surrey, around 25 miles (40 km) from London, and converted a portion of it into Brookwood Cemetery. A dedicated railway line, the London Necropolis Railway, linked the new cemetery to the city.
Financial mismanagement and internal disputes led to delays in the project. By the time Brookwood Cemetery opened in late 1854, a number of other cemeteries had opened nearer to London or were in the process of opening. While some parishes in London did arrange for the LNC to handle the burials of their dead, many preferred to use nearer cemeteries. The LNC had anticipated handling between 10,000 and 50,000 burials per year, but the number never rose above 4,100 per year, and in its first 150 years of operations only 231,730 burials had been conducted. Buying the land for Brookwood Cemetery and building the cemetery and railway had been very expensive, and by the time the cemetery opened the LNC was already on the verge of bankruptcy. The LNC remained solvent by selling surplus parts of its land, but as the land had been chosen for its remoteness, sales were low. (Full article...)
BP's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. BP acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. BP merged with Amoco in 1998, becoming BP Amoco p.l.c., and acquired ARCO, Burmah Castrol and Aral AG shortly thereafter. The company's name was shortened to BP p.l.c. in 2001.
, BP had operations in nearly 80 countries, produced around 3.7 million barrels per day (590,000 m3/d) of oil equivalent, and had total proven reserves of 19.945 billion barrels (3.1710×109 m3) of oil equivalent. The company has around 18,700 service stations worldwide, which it operates under the BP brand (worldwide) and under the Amoco brand (in the U.S.) and the Aral brand (in Germany). Its largest division is BP America in the United States. BP is the fourth-largest investor-owned oil company in the world by 2021 revenues (after ExxonMobil, Shell, and TotalEnergies). BP had a market capitalisation of US$98.36 billion as of 2022, placing it 122nd in the world, and its Fortune Global 500 rank was 35th in 2022 with revenues of US$164.2 billion. The company's primary stock listing in on the London Stock Exchange, where it is a member of the FTSE 100 Index. (Full article...)
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