Bp Is The Largest Multi National Company 's Energy Companies

BP delivers energy products and services that people around the world need. Our Upstream segment is responsible for oil and natural gas exploration, field development and production. Their downstream segment is focused on the refining and marketing of fuels, lubricants and petrochemicals. In the late 1990s, BP embarked on a new environmental strategy (Green Strategy), the motivation behind the environmental strategy was due to the three disasters that the company had endured that prompted them to come up with enhanced health and safety standards for the entire BP grouping.

British Petroleum(BP) is one of the world’s top oil and gas companies, it is also United Kingdom’s largest corporation. They mainly deal with Oil but since the last 40 years or so they have shown great interest in chemicals and plastics, including a range of specialty products such as detergents, advanced composite materials, and advanced ceramic engineered materials. BP has more than 16,000 service stations around the world. Around 13% of their revenue is generated from oil exploration and around 7% of their revenue is generated from producing chemicals and plastics. Like most oil companies they’ve had their fair share of controversies, especially over the last 50 years or so. Their most recent

BP is best known as a global leader providing oil and gas to customers. They also produce lubricants for use with engines and

The UK as a member of the EU’s single market— a project to remove the barriers of trade within the EU and combine the European

BP is a company that delivers energy products around the world through the exploration and refinements of natural resources. The company is also known as one of the world’s largest oil and gas companies that competes with other major household names such as ExxonMobil and Chevron. Because many of these large

British Petroleum (BP) is a multinational oil and gas company. Based on market cap, it was the fifth largest energy company in 2013. ("IHS Energy 50"). Like many petroleum based companies, BP is often under fire from environmental activists for not being environmentally cautious, but during the year of 2010, BP experienced a disaster that would cripple it’s reputation far past that of the average petroleum energy company.

BP tends to make bets that others don’t which is most likely why the disastrous deep water horizon oil spill occurred in the Gulf of Mexico five years ago. The fire burned for 36 hours while hydrocarbons leaked into the gulf before the well was sealed, unfortunately eleven individuals died. It has been difficult for BP to be the best company right now since this falling and they have been in reparation mode since this catastrophe. However, BP is now incorporating high safety and showed everyone that they are very reliable on the recovery of this hardship of BP trying to mix oil with water. BP came together to control the situation, cleanup, and diminish as much contamination as possible into the gulf. In addition, they are devoted long term to improve the Gulf of Mexico’s bionetwork and promise to be more careful so this will not happen again.

The company was on the right track, far as it trying to change the reputation of the company. The first step BP took to repair the image of the company was to repair the image. And by doing that, they their name from British Petroleum to simply BP. The next step was for BP to launch its Alternative Energy business in 2005. BP also seen fit for the company to continue “going green” efforts. This is in efforts for it to become more profitable. Their next step in restoring their reputation was to establish a code of conduct. The company code entitled “Our Commitment to Integrity”. BP seeks to unite its diverse employees. This code of conduct was the largest mass communications exercise ever attempted at BP.

Warren Buffet once said “it takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” BP could have used Buffet’s quote as a recipe for success. British Petroleum best known as BP, a leading billion-dollar oil corporation is just one of the organizations who participates in corporate social responsibility (CSR). According to their code of conduct “we are committed to avoiding damage to the environment and related impacts on communities.” BP has put themselves on the line when the oil spill of 2010 occurred in the Gulf of Mexico, with consumers questioning their true meaning and intentions of corporate social responsibility and to what extend they participate in it. BP used

BP had two main stakeholders which they had to address one is their very own stakeholders and the other group of stakeholders are the stakeholders of green movement. This are the stakeholders who would offer them the help the financial help and backing to clean up the oil spillage in the Gulf of Mexico. My evaluation of BP executive’s behavior is that they neglected their corporate social responsibility. This is because they failed in their obligation as managers of such a big company to make choices that would ensure that the oil spillage did not get out of hand. They also failed to issue directives for regular maintenance check to take place in their rigs and refineries which could have prevented such a catastrophic event. They failed to

There are very few aspects of how a company behaves as a corporate citizen that do not apply to a company of the size and nature of BP. The most significant of these are the sheer environmental impact - not simply of the extraction of oil and the energy use of BP's own operation, but more significantly of the impact on climate change of the actual use of all the oil by BP's customers. The state of current scientific evidence raises serious question marks over whether or not human society can actually afford to burn all the hydrocarbons whose existence we have already identified - never mind potential future discoveries. Twenty years ago, people worried that one day the oil would run out. Now, it is the case that the real issue has been identified as one of emissions.

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 other countries such as Asia and South America in order to expand its market and explorations.

It is clear that BP makes a notable contribution both to the globe commodity-wise and economically. But

British petroleum (BP) is one of the seven super major oil company in the world. BP are the fourth largest gas and oil company in the world. BP has a hand in every aspect of the oil business from exploring for new oil to marketing and distribution. BP originally started as the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company. The Burmah Oil Company. Would capitalize on discoveries they made in Iran and the middle east. The company would take its current name as British a petroleum in 1954. The company slowly started to expand from their roots in the middle east. BP chose to expand to Alaska in 1965. BP would continue their expansion in America when the gain the majority control of Standard Oil of Ohio in 1978. Also during the time BP would continue their ongoing exploration for new sources of oil. They became the first company to strike oil in the North Sea. The British government gradually privatized Standard Oil of Ohio for 1978-1987. In the last half of the 20th and the beginning of the 21st century BP took two major steps to expand their company. BP first major expansion occurred when they partnered with Amoco during this time they also acquired and absorbed Burmah Castrol in 2000. Also for 2003 to 2013 BP had a joint partnership with the oil company TNK of Russia. BP tireless effort towards expansion have made them highly successful and one of the top four oil and gas companies in the world. BP turned a profit of 6.48 billon U.S.

Before the Single Market Acts, there was a real risk that Europe’s economy would stagnate and would have experienced a long term loss in economic competitiveness. Citizens and companies were not aware of the advantages market integration would bring about in Europe and were not so eager to give their support towards the undertaking of the single market project. The EU launched a fight back with the Single Market Acts, which is a plan to relaunch growth and put markets at the service