Bp Csr Essay

3691 Words Aug 1st, 2011 15 Pages
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 Kingdom. It is the third-largest energy company and fourth-largest company in the world measured in terms of their revenues and stock prices. It is active in every area of the oil and gas industry, including exploration and production,
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By canceling the cement test BP paid only $10,000. Crew leaves on 11:15 am flight. BP officials gather on the platform to celebrate seven years without an injury on the rig. The planned moving of the Deepwater Horizon to another location was 43 days past due and the delay had cost BP $21 million.
9:45 p.m. CDT – Gas, oil and concrete from the Deepwater Horizon explode up the wellbore onto the deck and then catches fire. The explosion kills 11 platform workers and injures 17 others; another 98 people survive without serious physical injury.

April 22 10:21 am – Rig sinks.

April 27, 2010 – Slick grows to 160 km across and 32 km from Louisiana coast.

June 6, 2010 – BP abandons plans to close three remaining vents on the containment cap noting that with one vent it is capturing as much oil as it can handle.

July 24, 2010 - BP says an internal investigation has cleared itself of gross negligence in the spill and will publish the findings in the next month.

August 4, 2010 – BP reports that the well achieved “static condition” shortly after midnight after drilling mud is said to now fill the well.

September 29, 2010 – Andy Inglis, who headed deepwater drilling operations in the Gulf of Mexico at the time of the spill, steps down as head of the upstream business.

October 1, 2010 – Thad W. Allen, the retired Coast Guard admiral leading the federal response to the BP oil spill, stepped down.

December 15, 2010 - According to a feature

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