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british petroleum in the world
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BP started off its organization as the Anglo-Persian Oil Company but incurred many internal and external changes from 1909. BP executives decided the company needed to establish a network of retail marketing outlets in the United Sates. BP started a trend of mergers and acquisitions when it announced in 1998 a $53 billion merger with Amoco. Synopsis BP started off its organization as the Anglo-Persian Oil Company but incurred many internal and external changes from 1909. BP executives decided the company needed to establish a network of retail marketing outlets in the United Sates. BP started a trend of mergers and acquisitions when it announced in 1998 a $53 billion merger with Amoco. However, as industry trends changed over the year the question remained generically the same for Lord Browne at the end of the case. Lord Browne continued to contemplate BP’s alternatives for continued growth. There were four main categories: acquisitions, internal growth, divestiture, and business diversification. All paths seemed promising however; this was not an easy path to choose because there are costs associated to all. Planning the future is imperative for the success of this business. It is crucial that this business thinks about who is going to use their products and when, how is the changing nature of these products going to produce vale, increasing productivity, updating products, creating new products, the source for raw materials,political nature of the world and the changes, and the behavior of our competitors. The reasoning to create a merger for BP could be their weak retailing position in the United States. BP needed to enlarge its chemical business and it was underexposed in natural gas. BP’s production was relatively low to its competitors. The merger between these two alliances with complementary strategic and geographical strengths will immediately make up for their individual weaknesses. The threat of international competition was posed but the merger alliance will outweigh this threat. Amoco was the United State’s fifth largest oil company in 1997 with revenues of $36 billion. The company becomes a huge competitor to other firms. The merged company became the largest producer of petroleum and natural gas in the United States. BP Amoco had 16,350 U.S. gas stations and was the leading marketer in 20 of the 36 states in which it operated. However, one reason for this company’s success could me the time of the merger. At this point in time the oil and chemical prices were extremely low and the most accessible cost cutting measures had been taken.
senior management roles in the BP oil company so as to generate commitment from their staff and ensure easy transition for all stakeholders, they may reflexively rely on the skills and strategies that worked for them in the past. Beginning with the assumption that decision makers (Human Resources Management) in the BP company must design an intended system of HR practices they believe will lead to positive organizational outcomes after the acquisition of Akbar & Sons oil company, they may face a challenge
From a personal perspective, two costs that BP might incur from the oil spill in the Gulf Coast region would be as follows: First, additional funding for research to universities for marine & wildlife in the region and the impact on the environment. The incident has had a major impact on the Gulf region and beyond. “According to the website dosomething.com “16,000 total miles of coastline have been affected, including the coasts of Texas, Louisiana, Mississippi, Alabama, and Florida”. Since one
Background BP was founded in 1908 under the name Anglo-Persian Oil Company. They changed their name to British Petroleum in 1954 and merged with Amoco in 1998. (BP Public Website, 2010) “The Texas City Refinery is BP’s largest and most complex oil refinery... It was owned and operated by Amoco prior to the merger of BP and Amoco.” (Michael P. Broadribb, 2006) Throughout their history, there have been a number of accidents that have been caused by negligence and disregard of safety precautions
Mexico Oil Spill? In my opinion, BP's response to the oil spill wasn't the best. Plus their spokesperson Tony Hayward's comments did little to help the situation. The response should have been about damage limitations. Hayward's responses made the company seem aloof and unconcerend about the environmental damage being done. When they gave an amout of barrels that were leaking into the ocean, they gave the wrong amount which hurted their credibility. They deflected the blame for the accident. BP would
chartered to BP from 2008. On April 20, 2010, the offshore oil rig exploded, the explosion was the largest accidental marine oil spill in the history of the petroleum industry as the oil leaked 205.8 million gallons of crude oil into Mexico Gulf Coast and BP spent 86 days to cap the well, stopping the oil flow into Mexico Gulf for the first time. This report covered some facts about the BP oil spill scandal and its influence to stakeholders. The article also includes the analysis of oil spill from
such example is that of the Deepwater Horizon Oil Spill, also known as the BP oil spill, occurring on April 20th, 2010. To clarify, the event is known as the largest marine oil spill in history, killing eleven people, and discharging nearly 5 million barrels of oil into the Gulf of Mexico. Certainly, the crisis spawned a substantial amount of outrage, backlash, and controversy due to the calamitous effects of the incident. Through unambiguous efforts, BP (British Petroleum) attempted to calm the public’s
1.Introduction and Aims The BP oil spill began on 20 April 2010 in the Gulf of Mexico on the BP-operated Macondo Prospect. On April 20, 2010, 126 workers on the mobile offshore drilling unit Deepwater Horizon were in the process of temporarily closing the exploratory Macondo oil well. That evening, an explosion abroad the drilling unit set off a chain of events that eventually led to the sinking of the Deepwater Horizon. Eleven crewmembers lost their lives and others were seriously injured, as fire
In 2010, there was a huge oil spill near the Gulf of Mexico that we now know as the BP Oil Spill today. The Spill sent about 170 million barrels of crude oil into the Gulf of Mexico. The spill killed 11 men aboard the deep-water Horizon. The BP Oil Spill impacted the environment very negatively. There were different types of environmental impact as a result of the Oil Spill, but the two that grabbed my attention the most are the Polluted Air and the Contaminated Food Chain. The first impact
BP oil spill caused tens of thousands of barrels of oil a day to be dumped into the Gulf of Mexico (Schrope, 2010). The BP oil spill was one of the worst disasters that have taken place. It took BP three months to stop the flow of oil into the Gulf. The BP oil spill was a disaster that was being watched by many people in the world and everyone expected BP to provide detail information about the fix and a resolution to why the blowout happened. The community wanted to know what actions BP plan to
have chosen is the Deepwater Horizon Oil spill, more commonly known as the BP oil spill or the Gulf of Oil Spill. The Oil spill is widely regarded as the worst oil spill in U.S. history. I feel that the crisis is an intentional crisis under the categories of poor risk management and unethical leadership. I feel that this is a Crisis of management failure. I feel that the basic management principles were violated in this case and it was due to the negligence of BP and how inadequate they were in handling
The Sea Empress oil spill and the BP oil spill have had major damages to their environment. In both cases, different species have been killed and endangered because of the now polluted waters. Industries, such as the fishing industries, have been closed down because of the oil flowing through the water. However, the cleanup process for both spills were drastically different, and it lead to a completely different result. For the Sea Empress spill, people were dedicated to the cleaning up straight
THE BP OIL SPILL Lee Booth Columbia Southern University Fundamentals of Occupational Safety and Health The 2010 BP oil spill ultimately affected both people and the environment, polluting and damaging large areas and vast populations of wildlife. The BP oil spill caused took a toll on marine life, human life, and the economy, including the fishing and tourism industry in the Gulf of Mexico. Many factors such as Petroleum toxicity, oxygen depletion, and much more can be viewed as the
April 20th in 2010, the deepwater horizon drilling platform of BP PLC at the Gulf of Mexico in American got blowout and burnt, which had sunk 36 hours after that with 11 persons killed and 17 persons injured. On April 24th, the oil wells out of control began to leak oil lasting for 87 days, about 4.1 million barrels of oil flowing into the Gulf of Mexico, the pollution of which spread to coastwise 5 states. This became the worst oil spill in America history, so it was said to be a national disaster
The Exxon Valdez oil spill (in 1989) and the Deepwater Horizon oil spill, or BP oil spill, (in 2010) were both devastating oil spills that shocked the nation. The Exxon Valdez oil spill occurred due to a tanker grounding. The BP oil spill was caused by an explosion on the Deepwater Horizon oil platform. These two oil spills were both disasters and had greater effects in certain categories. In this essay, I will be comparing the cause of both oil spills, the damage/effect of both oil spills, and the
The BP oil spill of 2010 was the worst in United States history and not the last. It is estimated that over 140 million gallons of crude oil was leaked into the gulf. The damage caused by the oil was immense, and it affected shorebirds, migratory colonial birds, fish, aquatic mammals and aquatic plants were all affected by the oil. Experts across the board agree that oil pollution adversely affects all aquatic life, however their opinions differ when it comes to the severity of the damage