Stakeholder Analysis Of BP
Shareholders and analysts – We engage with shareholders and analysts through our annual general meeting and other events. We communicate via roadshows, webcasts and one-to-one meetings. In 2013, this included a presentation on BP Energy Outlook, an upstream exploration day and briefings on oil sands and our progress against safety enhancements recommended in the Bly Report.
Governments and regulators – We engage with governments on many fronts, from consultation responses to direct engagement with government representatives. Our code of conduct requires that we are honest and responsive in any interactions we have with governments.
Our Industry – BP is working through business and industry groups to help establish standards and address complex energy challenges. For examples, BP is a member of the global oil and gas association for environmental and social issues, IPIECA, and the American Petroleum Institute. We are also involved in industry partnerships on specific issues such as deep water drilling and oil …show more content…
However, there is more evidence to suggest that it is not just bad luck involved. Murray Bryant and Trevor Hunter states:
BP’s horrible missteps after the Deepwater Horizon rig exploded were almost predictable, given the culture of deceit and arrogance that executive actions had encouraged. While the accident could have been prevented. BP might have avoided its intense and deserved public flogging if only it had respected the best practices for managing a crisis – and for managing. (Bryant & Hunter, 2010, p. 1) BP has for many years publicly claimed to be laser focused on safety. But inside the, it was clearly focused on cost cutting, at the expense of safety. Regulators and environmental groups have not been fooled by BP’s public statements. Though they have allowed the company to continue to operate as usual. According to the United States Occupational Safety and Health Administration (OSHA), BP was responsible for 760 of the 761 citations it issued to refineries for what it labels ‘willful and flagrant violations’ of safety and health standards. According OSHA, BP has yet to pay the fines for the Texas City explosion. (Bryant & Hunter, 2010, p.