pre-tax credit of $3.7 billion in 2011 as a result of the Incident. The total amounts that will ultimately be paid by BP in relation to all obligations relating to the Incident are subject to significant uncertainty and the ultimate exposure and cost to BP will be dependent on many factors. Furthermore‚ the amount of claims that become payable by BP‚ the amount of fines ultimately levied on BP (including any potential determination of BP’s negligence or gross negligence)‚ the outcome of litigation‚ the
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to be an integrated and recognised international company having a strong technology foundation and an intensive marketing effort Vision: “To improve our performance and have a steady disciplined growth.” Strategic Planning: BP’s need was to make BP a more secure‚ more hazard mindful business. The arrangement incorporated a progression of turning points from 2012 to 2014. 1. A tireless spotlight on safety and overseeing danger through the methodical use of worldwide benchmarks 2. We will play
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sands Issue briefing bp.com/sustainability Oil sands Issue briefing How we operate BP recognizes that we need to produce energy responsibly – minimizing impacts to people‚ communities and the environment. BP’s systems of governance‚ management and operation are designed to help us conduct our business while respecting safety‚ environmental‚ social and financial considerations. Across all BP international operations‚ established practices support the management of potential environmental
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2. Introduction BP is one of the largest multinational corporations in the world. According to CNN (2011)‚ BP is the fourth largest multinational corporation in the world and employs over 80‚000 people and making annual revenue of $392 Billion. BP has massive influence on the global economic climate and has the operation capacity to affect stakeholders. This essay will analyse BP’S current stance using Porters five forces. It will also establish who are the most important stakeholders and suggest
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Company overview British Petroleum (BP) is the world largest retailer of gasoline in the United States. It ranks at the top of three global oil and gas industry. From the corporate watch website (2009)‚ it pointed out that almost 70% of the profits are gained from the US and Europe. In addition‚ BP is also devoted for aviation fuels and shipping aspects. It is reported that about 900 ports and more than 1400 airports have been supplied by the BP’s lubricants and fuels. Meanwhile‚ BP has operated on
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Warren Buffett Professional Career: Warren Edward Buffett is an American Investor‚ Business Magnate and Philanthropist. He is widely considered as the most successful Investor of the 20th century. Buffett is the primary Shareholder‚ Chairman and CEO of BERKSHIRE HATHAWAY and consistently ranked among the world?s wealthiest people. He was ranked as the World?s Wealthiest Person in 2008 and as the 3rd Wealthiest Person in 2011.In 2012‚ American magazine TIME named Buffett as one of the
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MEMORANDUM TO: Board of Directors‚ British Petroleum FROM: RE: Impact of On the Job Training DATE: February 10‚ 2013 INTRODUCTION Occupational Safety and Health is a major responsibility to all employers. It becomes more of a factor when the nature of the business involves hazardous materials and environments. In order to ensure that businesses are functioning properly and efficiently‚ it is imperative that companies are staffed with individuals who are trained properly in their occupation
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The key publics that BP should take into account are as follows: Environmental Groups Consumers Investors Media Government/Regulatory Authorities The diagram below (Figure 1.1) is a representation of some of the multifaceted relationships between BP and its publics/stakeholders. It is clear that the assortment of communication channels used to reach key publics is somewhat diverse. Whilst consumers and investors are perhaps most likely to be the primary focus‚ these two groups are highly influenced
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reference 2. Procedure 3. British Petroleum 3.1. British Petroleum (BP) 3.2. Background 4. British petroleum SWOT analysis 4.1. What is SWOT analysis? 4.2. Strengths 4.3. Weaknesses 4.4. Opportunities 4.5. Threats 5. BP Porter’s Five Forces Analysis 5.1. What is Porter’s Five Forces Analysis? 5.2. Threat of New Entrants 5.3. Buyer Bargaining Power 5.4. Supplier Bargaining Power 5.5. Threat of Substitutes 5
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British Petroleum Ratio Analysis Memo Team B ACC/291 September 5‚ 2013 Vicki Garrison British Petroleum Analysis Memo Memo to Bob Fryar Executive Vice President‚ Safety and Operational Risk Dr Brian Gilvary Chief Financial Officer of British Petroleum: Introduction As we are sure you are already familiar with the British Petroleum organization‚ a lot of the information included in this memo may seem unnecessary directed only to you. It is vital to know information about
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