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BP p.l.c. engages in oil and natural gas exploration, and field development and production, as well as in the management of crude oil and natural gas pipelines, processing and export terminals, and liquefied natural gas (LNG) processing facilities worldwide. As of December 31, 2004, the company had interests in four LNG plants in Australia, Indonesia, and Trinidad, as well as operated the Trans Alaska Pipeline System, and the Forties Pipeline System and the Central Area Transmission System pipeline both in the United Kingdom sector of the North Sea. As of the above date, its total hydrocarbon proved reserves comprised 14,626 million barrels of oil and natural gas equivalent. BP also engages in the processing, fractionation, and marketing of ethane, propane, butanes, and pentanes extracted from natural gas. The company supplies, trades, refines, markets, and transports crude oil and petroleum products to wholesale and retail customers. In addition, it develops, produces, and markets solar panels and wind farms, and involves in gas fired power generation projects. Further, BP offers chemicals and plastics to bulk, wholesale, and retail customers. The company produces aromatics and acetyls, and olefins and derivatives, which are used in the manufacture of various consumer goods, including plastic drinks bottles, computer housings, adhesives, inks, rigid packaging, pipes, food packaging, and automobile components, as well as textiles for clothes and carpets. BP has a joint venture with China Petroleum &amp; Chemical Corp. The company was founded in 1889 and is headquartered in London.