BP Crises Law/531 October 1‚ 2012 The Deepwater Horizon disaster attributed to BP‚ a multinational oil and gas company‚ occurred in 2010 dumping massive amounts of oil in the waters on the gulf coast. The BP is headquartered in London with operations in 80 countries with the largest being in the United States. Team B participated in a simulation that presented a similar scenario as the oil spill mentioned. The company in the
Premium Exxon Valdez oil spill Oil spill Petroleum
Executive Summary On April 20th 2010 bp had a major oil spill off the Gulf of Mexico coined the “Deepwater Horizon Incident” in which eleven (11) person’s loss their lives. This incident negatively affected the company’s brand and bp brand equity plummeted by $7.4bn‚ representing a 61% fall (Brand Finance 2010). BPTT which is a subsidiary of bp Global had to treat with the negative impact of this crisis on the local market while keeping its reputation‚ bp brand and local aspiration alive and
Premium Marketing
Strategic Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United
Premium Petroleum Oil spill Exxon Valdez oil spill
9-201-054 REV : M A Y 4‚ 2010 B ENJA M IN E ST Y M ICHA EL K A NE BP Amoco (A): Policy Statement on the Use of Project Finance As two of the largest oil and gas firms in the world‚ The British Petroleum Company p.l.c. (BP) and Amoco Corporation (Amoco) had a long history of competitive encounters. This rivalry continued into the 1990s in a variety of locations ranging from the United States to the North Sea to‚ more recently‚ the Caspian Sea—a region that had opened up to exploration by Western
Premium Finance Corporate finance Debt
Chris Intro to Business 9/22/10 BP and Ethics This case is about the safety problems faced by BP‚ the third-largest oil and gas producer in the world. On March 23‚ 2005‚ an explosion at BP’s Texas City refinery resulted in one of the most serious workplace accidents in the US. An investigation by The US Chemical Safety and Hazard Investigation Board (CSB) uncovered many safety lapses at the Texas City refinery. BP was accused of endangering its workers by compromising on process safety due
Premium Exxon Valdez oil spill Petroleum
cooperating and negotiating with BP on the merger issue. Based on Amoco’s stand-alone valuation‚ it was reasonable to estimate $47 million enterprise value and $41.5 million equity value‚ with a walking-away exchange ratio 0.54. Then adding synergy‚ it reached an opening exchange ratio 0.72. Through further negotiation with BP‚ both parties reached a conclusion on certain level synergy distribution and agreed to close the deal at an exchange ratio of 0.65. The merger of Amoco and BP had strategic significance
Premium Stock market Fundamental analysis Generally Accepted Accounting Principles
| BP Case Analysis | | 1. Based on the history of the company‚ why did BP get involved in so much questionable conduct? BP’s history extends back to 1901 when William D’Arcy’s Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy’s nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ‚BP’s Board
Premium Social responsibility Environment Environmentalism
British Petroleum Company (BP) and Amoco Corporation are two of the largest oil and gas firms in the world. In spite of the intense rivalry between the two companies for several years‚ they decided to merge in 1990. The upstream business of BP which is exploration and manufacturing of crude oil accounted for 68% of its revenues while that for Amoco accounted for 60%. BP Amoco after the merger in 1998‚ their business involved exploration and production of crude oil. This was their upstream business
Premium Petroleum Finance Peak oil
Sustainability Review 2010 bp.com/sustainability 2 A letter from our group chief executive / 4 How BP is changing 6 Gulf of Mexico oil spill / 14 How we operate / 22 Energy future 30 Safety / 34 Environment / 38 Society Within hours of the Deepwater Horizon accident‚ BP teams were working to stop the leak. We also acted to minimize the spill’s impact on the environment by containing‚ removing and dispersing oil offshore‚ protecting the shoreline and cleaning up oil that came ashore. And we
Premium Petroleum Sustainability Oil spill
Ethical Problems in Bp 1. Introduction The company‚ BP is the third-largest energy company where produces approximately 3.8 million barrels of oil and gas per day and possesses 22‚400 service stations over the world. However‚ the oil disaster called as BP oil spill or the deep water horizon oil spill was occurred on April 20th‚ 2010 in the Gulf of Mexico recording the greatest oil spill compared to other oil spill accidents in our history. The Deepwater Horizon oil rig explosion caused deaths
Premium Ethics