BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company‚ BP is the UK’s largest corporation‚ with its headquarters in London. BP’s headquarters is in Houston‚ Texas. The company is among the largest private sector energy corporations in the world‚ and one of the six private sector oil exploration‚ natural gas‚ and petroleum product marketing companies. Tony Hayward took over as the Chief Executive
Premium Petroleum Exxon Valdez oil spill
management during the weeks that followed. BP created the “Gulf of Mexico Restoration” website to inform the public about its efforts in cleaning up the spill and to help restore public trust in the company again. BP’s “Gulf of Mexico Restoration” website uses these three strategies to try to repair its reputation: a section highlighting technological advancements for safer drilling‚ colorful graphics of bolded statistics that state the amount of money BP has spent on various efforts‚ and a collection
Premium Petroleum Mexico Public relations
that the chemicals dumped into the area as an ill-thought-out solution have made many of them sick. But what about the ocean itself that has been treated as an experimental chemical dump by the Environmental Protection Agency (EPA) and corporate giant BP? Turns out‚ according to new research from the Georgia Institute of Technology and Universidad Autonoma de Aguascalientes (UAA) in Mexico‚ the two million gallons of the dispersant Corexit which the EPA dictated had to be used to supposedly clean up
Premium Petroleum Exxon Valdez oil spill Ecosystem
BP oil spill is ranked as the largest environmental disaster in the world history. As the oil from BP spill washes ashore‚ people on Gulf Coast are suffering huge damages they have never met before. The U.S. government estimates that up to 60‚000 barrels of oil a day are spewing out from the damaged BP drilling rig to Gulf of Mexico. It has ruined the shoreline‚ killed animal and sea life‚ threaten the ecosystem and harmed the tourism and fishing in Louisiana. After the spilling happened‚ US government
Premium Petroleum Oil platform
meet short-term debt requirements‚ BP was more able to meet their short term debt obligations in 2005 than 2004. From 2001 to 2003 the current ratios were 1.0767‚ 0.9733‚ and 0.9600 respectively. In 2001‚ 2002‚ and 2004‚ BP?s current liabilities were greater than current assets‚ indicating that BP may have faced some difficulty in meeting short-term debt obligations during these years. In 2003 and 2005 the current ratios were greater than 1‚ representing that BP?s current assets were greater then
Premium 1920 1922 1918
BP Oil Spill Chait‚ J‚ (2010). Dear Leader. New Republic‚ 241(10)‚ 2-2. Retrieve June 21‚ 2010‚ from Academic Search Premier. This article discusses the present oil spill in the Gulf of Mexico. The president’s has not changed the Minerals Management Service. In reality‚ the federal government has no agency tasked with capping undersea oil leaks. All the necessary equipment‚ along with the expertise for operating it‚ resides with the private sector. BP will likely bear the full cost of the spill;
Premium Petroleum Oil platform Oil spill
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
The 2010 BP oil spill that took place on the BP-operated Macondo Prospect claimed 11 lives‚ and is considered to be the largest marine oil spill in the petroleum industry’s history. The spill flowed continuously for 87 days until it was declared to have been contained on 15th July 2010 and finally sealed on 19th September of the same year (BP‚ 2013). However‚ unconfirmed reports indicate that some of the well sites continue to leak (Pulham‚ Hilaire & Fenn‚ 2010). The spill took a physical and psychological
Premium Petroleum Louisiana United States
In the wake of the disaster in the gulf American citizens have a plethora of questions. Why would BP engage in risky practices that could endanger the area where the company makes its profit? Who is responsible for ensuring that the citizens of the Gulf Coast region are protected when companies like BP place profit above people? As this drama plays out on American television screens one must realize that the only check to the power of private companies is the American government which is charged
Free President of the United States United States United States Constitution
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
Premium Social responsibility Petroleum Corporate social responsibility