was enjoying the future of its oil & gas exploration. Oh‚ how things have changed‚ after oil rig explosion and now an enormous oil spill‚ who knows all the world can do now is wait. The British Petroleum Company‚ Business Culture and Global Competition The discovery of petroleum oil and its origin began in the 1900’s‚ according to several sources. It’s no secret that oil is one of the most important discoveries and resources ever found by man. We use oil to produce everything from ink to
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Political – Legal Settlements: After the Deepwater Horizon oil spill in the Gulf of Mexico‚ BP faced many different legal settlements that were enforceable by court. Many of these settlements were in order to enhance the safety of drilling for oil in the Gulf of Mexico. BP worked to solve the federal criminal claims that came from the Oil Spill‚ and eventually pleaded guilty of 11 felony counts‚ related to the loss of 11 lives. Many other misdemeanor counts under different acts including: the Clean
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| BP Amoco/Arco Merger | Merger and Acquisitions Term Paper | | | 12/10/2012 | | Contents Time Line of Events 3 Introduction 4 Industry Analysis 5 Overview of ARCO ’s Business 7 Overview of BP Amoco’s Business 7 Value Creation from the Merger: 8 Competitors Analysis 9 Antitrust Issues 11 FTC Arguments 12 What Happened? 14 Divestitures 14 Phillips Acquires ARCO Alaska 15 FTC dissent 16 Performance and key Financials 17 Annual Shareholder’s meeting:
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Modern History Research Essay: Russia and the Soviet Union. Throughout 1917 to 1924 Russia was experiencing extensive political‚ economic and social change that began with the Bolshevik revolution. The First World War had left Russia in a tragic state where the whole nation was facing a lot of social disruption and facing a major uprising. Throughout this time‚ the Bolsheviks‚ who had just taken control‚ undertook several measures to establish their authority. This included the declaration of initial
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British Petroleum “BP is one of the world ’s largest energy companies‚ providing its customers with fuel for transportation‚ energy for heat and light‚ retail services and petrochemicals products for everyday items” (BP‚ 2011). The organization is the fourth largest company in the world‚ operates in over 80 countries and employees more than 80‚000 people. BP produces approximately 3.8 million barrels of oil equivalent per day with more than 18.3 billion barrels of oil equivalent in total reserves
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the supply of energy and other products that are fundamental to everyday life At each stage of the hydrocarbon value chain there are opportunities for us to create value – both through the successful execution of activities that are core to our industry‚ and through the application of our own distinctive strengths and capabilities in performing those activities. Our activities are focused on finding‚ developing and producing essential sources of energy‚ and turning these sources into products
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Social Cultural Responsible buyers Responsible buyers or people concerned with ecological impacts of oil on the environment could switch to alternative sources like bio fuel. Consumerism The consumption pattern of the people is key here‚ today they may decide to substitute oil for gas and tomorrow vice versa. The protection or promotion of the interest of the consumer is a somewhat hard as they are unstable. Social mobility An example of this is Leisure Time‚ people tend to move around more
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are third parties who offer their services as conduits during business 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.
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INDUSTRY ANALYSIS 1 External/Industry Analysis: Workforce Housing in the Oil and Gas Industry Steve McKeon Westminster College INDUSTRY ANALYSIS 2 Introduction The external analysis is designed to help companies identify specific trends and events that may have an impact on their business. This concept is not difficult to understand‚ but many companies have fallen victim to their own complacency. This is why the external analysis is so important and must be evaluated on a regular
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Conclusion 10. Appendix 1 11. Appendix 2 12. Appendix 3 13. Harvard Reference Abstract: BP is a British global energy company and is the 4th largest company in the world. This report is in relation to BP’s profitability‚ product development‚ market power and placement. The report uses PESTLE analysis to investigate these areas providing an insight to the successes and failures of BP during recent years. It covers the failures of Russia which has been a failure in terms of past successes
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