9-21-11 BP vs. Exxon The BP oil spill is the most resent oil incident. The oil spill was really big and caused a lot of mess and damage to nature. It killed a lot of animals and fish and made the water dangerous. BP says that they were working hard to clean the oil up. They were taking a really long time. BP has responded to todays US Government report into last year’s Deepwater Horizon accident‚ it says
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William Voisin Professor Mazpule Psyc. 2001 June 5th‚ 2013 BP (Beyond Petroleum) focuses on sustainability 1) Based on the history of the company‚ why did BP get involved in so much questionable conduct? The reason why BP got involved in so much questionable conducts is because at first they didn’t want to spend the money on fixing the stuff. They have been ignoring all these red flags and at the end they ended up spending much money. They could of saved a lot of money if they had fixed
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transactions. Most individuals are familiar with intermediaries employed within the law or financial industry. Financial intermediaries will provide insurance‚ mortgage or investment products to their clients. Full-size organizations like Royal Dutch Shell and BP will employ intermediaries for more than just legal or financial necessities. On this large business scale‚ intermediaries are drawn upon for many forms of negotiation. For example‚ Royal Dutch Shell intermediaries have been involved with settling the
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BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company‚ BP is the UK’s largest corporation‚ with its headquarters in London. BP’s headquarters is in Houston‚ Texas. The company is among the largest private sector energy corporations in the world‚ and one of the six private sector oil exploration‚ natural gas‚ and petroleum product marketing companies. Tony Hayward took over as the Chief Executive
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management during the weeks that followed. BP created the “Gulf of Mexico Restoration” website to inform the public about its efforts in cleaning up the spill and to help restore public trust in the company again. BP’s “Gulf of Mexico Restoration” website uses these three strategies to try to repair its reputation: a section highlighting technological advancements for safer drilling‚ colorful graphics of bolded statistics that state the amount of money BP has spent on various efforts‚ and a collection
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SWOT Analysis S TRENG THS - BP is listed on London Stock Exchange and within the FTSE 100 Index‚ it is also has a listing on the New York Stock Exchange. BP is operating globally in 80 countries with different brands. - BP is 4th in the Fortune 500 and 3rd largest energy company worldwide measured by revenue. (CNN Money‚) which is also dominant in the European market. - BP also gained competitive edge because the world leading oil related technology. WE AKNESSES - BP made a huge loss in 2010 owing
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meet short-term debt requirements‚ BP was more able to meet their short term debt obligations in 2005 than 2004. From 2001 to 2003 the current ratios were 1.0767‚ 0.9733‚ and 0.9600 respectively. In 2001‚ 2002‚ and 2004‚ BP?s current liabilities were greater than current assets‚ indicating that BP may have faced some difficulty in meeting short-term debt obligations during these years. In 2003 and 2005 the current ratios were greater than 1‚ representing that BP?s current assets were greater then
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1. Do you agree or disagree with Tony Hayward’s quote at the end of the case? Was this disaster strictly a BP failure or an industry accident? (One of my biggest mistakes was that I allowed myself to become the lightning rod for hatred and anger.” He went on to say‚ “I genuinely feel that this could have happened to anyone. This is not BP. It is an industry accident.) I mostly agree with Tony Hayward because an accident of that size is a result of a complex combination of mechanical failures‚
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The 2010 BP oil spill that took place on the BP-operated Macondo Prospect claimed 11 lives‚ and is considered to be the largest marine oil spill in the petroleum industry’s history. The spill flowed continuously for 87 days until it was declared to have been contained on 15th July 2010 and finally sealed on 19th September of the same year (BP‚ 2013). However‚ unconfirmed reports indicate that some of the well sites continue to leak (Pulham‚ Hilaire & Fenn‚ 2010). The spill took a physical and psychological
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In the wake of the disaster in the gulf American citizens have a plethora of questions. Why would BP engage in risky practices that could endanger the area where the company makes its profit? Who is responsible for ensuring that the citizens of the Gulf Coast region are protected when companies like BP place profit above people? As this drama plays out on American television screens one must realize that the only check to the power of private companies is the American government which is charged
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