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
Premium Petroleum
disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company in the world . However‚ as of late‚ BP has come under fire for several high profile
Premium Petroleum Stakeholder
Berge‚ Andrea MGMT 485W Spring 2013 Case Study: TNK-BP (Russia) INTRODUCTION “This case portrays the highly uncertain scenario facing BP in Russia at the end of 2007. In the midst of unraveling relations with its cooperative partner and undesirable host government practices‚ ideal strategic conditions are implausible. In order to maximize outcomes under such imperfect circumstances‚ BP ’s senior management needs to fully assess the situational risks‚ understand the dynamics and motivations
Premium Investment Petroleum Petroleum industry
Ecological Effect of the BP Oil Spill on the Environment Introduction: The BP oil spill‚ (also known as the Deepwater Horizon oil spill the BP oil disaster‚ the Gulf of Mexico oil spill‚ and the Macondo blowout) was an oil spill that happened in the Gulf of Mexico on the BP owned and operated Macondo Prospect on April 20‚ 2010. This oil spill is considered the largest and most devastating oil spill in the history of the petroleum industry. The cause of this oil spill according to “the
Premium Petroleum Mexico United States
1. What are the main ethical issues and dilemma BP faces in this case? A project that is on a large scale faces some issues‚ including: There are concerns about the coating of the pipeline and the risks of leakages‚ in particular in Georgia‚ where oil spills might significantly impact the country’s strategic water resources in the Bojorni National Park. Concerns were also raised over the fact that the pipeline runs through earthquake zones‚ which leakages nearly inevitable or could not be avoided
Premium Ethics Social responsibility Virtue ethics
crisis of the British concern British Petroleum (BP). At first I would like to provide more information about the crisis and its consequences‚ then I will identify the kind of crisis we have to deal with‚ I will discuss the several communication strategies BP have used‚ I will explain the different reactions of the public on the crisis. At last‚ I will give the oil concern some advice‚ in case a reoccurrence takes place. The BP oil spill The BP oil spill was a big natural disaster in the Gulf of Mexico
Premium Oil spill Petroleum Mexico
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
Premium Ethics European Union Iran
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
Premium Management Balance sheet Marketing
The Transformation of BP Chapter 5-4 | Eric | Summer | Helen | Lidya | Mandy | Content • Introducing BP • Transforming BP • BP Superior performance through Knowledge Sharing • BP Building Cooperate Reputation Through facing the Public Responsibility • Conclusion and Future Consideration Introducing BP BP at a Glance BP is of one of the world’s largest energy companies‚ providing its customers with fuel for transportation
Premium Knowledge management Future Organizational structure
Introduction BP British Petroleum is a multinational oil and gas company headquartered in London‚ United Kingdom. According to revenues in 2011‚ they are the third largest energy company and fourth largest company in the world. Their main products include fuel for transportation‚ energy for heat and light‚ lubricants for engines‚ retail services and petrochemical products for everyday use. BP started as a subsidiary of the Anglo-Persian Oil Company in 1909 and through many stages it became British
Premium Russia Petroleum Iran