Supermajor

BP was founded in 1889 formerly known as British Petroleum, whose headquarters is in London, United Kingdom. This publicly integrated organization as of 2017 has a worldwide workforce of 69,900 employees. Globally, BP’s business last year generated $142,598.8 billion British pounds stemming from three main sectors, Upstream, Downstream and Rosneft. These three segments represent an exploration of gas and oil, refineries, manufacturing, markets, transports, supplies, crude oil, petroleum, jet fuel, and customers on the wholesale and retail levels (CFRA Equity Research, 2017). The Gulf Coast on April 20, 2010 experience the largest oil spill in United States history from a ruptured line on the Deepwater Horizon resulting in 200 million gallons of oil that expelled into the region for over 100 days deemed as the worst economic and environmental disaster (Smith Jr., Smith, & Ashcroft). However, this disastrous event propelled BP into the global spotlight as they addressed the repercussions and the lingering negative reaction throughout the Gulf Coast region relating to the ecosystem, business relations, psychological effects, and the reactive actions taken to resolve and restore the victims of the Gulf Coast (Grant, 2011). Therefore, this paper will discuss the corrective actions taken to restore the victims and the region, and will chronicle the public relations slip-ups that blemished BP’s image over the course of 12 months after the initial spill (Harlow & Harlow,…

Fracking may not be the most exciting process to learn about nor is it something many people want to get involved in but it 's much more important than any of those people think. Fracking is the process of extracting fossil fuels by shooting a liquid into the ground that contains known and unknown chemicals. Just reading the description of the process of fracking can be a little freaky for some people and rightfully so. If one major oil company such as Chevron Corporation made the decision to…

The start of the BP oil company goes back to the 1908’s. They are known for their oil business Locally they are known for their BP gas station is that you may see in your local neighborhoods. BP has been known to obtain The oil in the deep water on the Gulf of Mexico. The only knowledge most people new about oil is how we are able to use as gas, energy, how wealthy oil owners and the Beverly Hillbillies. It wasn’t until 2018 When BP became known world wide for one of the largest Oil spills in…

Bias Decisions made at Deepwater Horizon To understand the decision-making biases that occurred with BP and Transocean one must begin to understand the magnitude of control BP had over the Transocean rig. Petroleum (BP), is a British multinational oil and gas company headquartered in London, England. It is a multi-billion company providing over 16,000 jobs in the United States. BP offers exploration for natural gas (BP, n.d.). The United States provides for nearly one-third of BP’s worldwide…

We as humans are bound to make mistakes, no matter who you are at some point you will. For some businesses mistakes aren’t something they worry about, but are the mistakes there making too much and is it hurting us without them even caring? Flashback to April 10th, 2010 BP had an oil spill, which killed/ effected millions. BP is one of the seven “supermajor” oil and gas companies. BP, also referred to by its former name British Petroleum. It’s in over 70 different countries some including,…

1909 the Anglo-Persian Oil Company (APOC) was incorporated and shares were sold to the public. The first chairman was Lord Stratchona, he also owned a minority shareholder. BP is a public limited company, their ownership is spread among the general public in many shares of stock, and these stocks are freely traded on a stock exchange. They have listings on the London Stock Exchange, which is their main stock exchange. Their stocks are also being traded on the New York Stock Exchange. London…