BP plc[3][4] (LSE: BP‚ NYSE: BP) is a British multinational oil and gas company headquartered in London‚ United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors".[5][6] It is vertically integrated and operates in all areas of the oil and gas industry‚ including exploration and production‚refining‚ distribution and marketing‚ petrochemicals‚ power generation and trading. It also has renewable
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Situation Analysis 2.2 Industry Analysis The industry environment refers to a set of factors that would have a direct influence on a firm’s competitive action or responses. These factors were also known as Porter’s Five Forces Model is a useful strategic tool to evaluate the opportunities and threats for the oil and gas industry which includes the threat of new entrants‚ bargaining power of suppliers‚ bargaining power of buyers‚ threat of substitute products and intensity of rivalry among competitors
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BP Management Tashon Cooper MGT/230 February 2‚ 2012 Paul Hennessy BP Management BP Management ensures that the material risks are identified and that the company runs effectively. Furthermore‚ BP management ensures that internal control and risk management is under control. In particular‚ some vital components of BP management include their recognition for the company’s yearly plan‚ reviews of material risks‚ ensuring that the chief executive adopts their approach about risks‚ and that
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External Environment (Macro environment) Analysis: With respect to the specific organization (in this case‚ BP); things are changing at a rapid pace since the supply and demand of oil is becoming highly dependent upon socio political condition of different parts of the world‚ where its business is operating.For the external business environment analysis of global oil industry (with respect to BP) the selected analysis tool is PESTEL. This model presents a strategy framework built over variables like
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Zohair Abbasi Education and Achievements 2008-Present University College London BSc. Mathematics with Economics. 2000-2008 Karachi Grammar School A-Levels: Mathematics (A)‚ Physics (A)‚ Chemistry (A)‚ Biology (A)‚ General AS (A) O-Levels: 9 As including Mathematics‚ Additional Mathematics and Physics. • One of the few people to receive the Breton Medal for excellence in Mathematics. • Served as a Prefect in my final year at college • Served as
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1. The aspects of BP’s ethical culture that could have contributed to the Gulf Coast oil spill disaster include: * The company tried to assure concerned stakeholders that it took environmental concerns seriously‚ but BP’s actions have not always concided with its words. BP has engaged in numerous instances of questionable behavior including fraud‚ environmental‚ and ethical transgressions clearly demonstrate that the company has a history of disregarding the well-being of stakeholders. The
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Oil and Gas Industry in India Base your report on the “Diamond Model” framework of Porter‚ and the analysis of international business risks as presented in the textbook. * Factor conditions are human resources‚ physical resources‚ knowledge resources‚ capital resources and infrastructure.[2]Specialized resources are often specific for an industry and important for its competitiveness.[2] Specific resources can be created to compensate for factor disadvantages. * Demand conditions in
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DBQ: Constitution Interpretation The Federalists versus the Democratic-Republicans Step 1: Think on the Prompt •“With respect to the federal Constitution‚ the Jeffersonian Republicans are usually characterized as strict constructionists who were opposed to the broad constructionism of the Federalists. To what extent was this characterization of the two parties accurate during the presidencies of Jefferson and Madison? •What is the descriptive word in the prompt? –“to what extent” is similar
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1. Oil is a commodity good which has no product differentiation. Thus the price is quite the same around the world. The supply of oil is abundant but many major oil-rich countries set up the group‚ OPEC‚ and act as monopoly. OPEC can set output and then play a vital role in world oil price. World demand of oil is increasing especially in non-oecd countries although there are alternative resources. Thus‚ as long as there is demand‚ the price will continue to go up. 2. The bases of competitive advantages
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The oil industry meet the internship report preface Sometimes the wind and rain‚ even if the sun is shining is not also young soldier muttered angrily‚ Qingdao the weather always like this comfortable. Suddenly‚ came to the seaside city has a year of time‚ this time the oil industry cognition practice‚ give this year was the perfect end. In order to to the oil industry specializing in the production of establish perceptual knowledge and consolidate what they have learned theory knowledge‚ cultivate
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