British Petroleum ( Bp Plc ) - 1604 Words

Another company that has recently conducted poor social responsibility is British Petroleum (BP plc). For those unfamiliar, BP, a multinational company headquartered in London, England, is one of the world’s seven major oil and gas companies operating in all areas of the oil and gas industry. These industries include the likes of exploration, production, distribution, marketing, and power generation, along with several other areas. With that much integration in one particular industry, a large corporation like that carries a large amount of social responsibility. The company’s origin dates all the way back to the founding of a small Iranian oil discovery company in 1908, but it has not been until recently that the company has been directly involved in several major environmental and safety incidents, one of which being the well-known 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters. This spill resulted in severe environmental, health and economic consequences for numerous areas throughout the gulf coast, not to mention serious legal and public relations repercussions for BP. Legal proceedings are continuing, but most have commenced. During this time, the company has pleaded guilty to 11 counts of felony manslaughter, two misdemeanors, and one felony count of lying to congress. They have also agreed to pay more than $4.5 billion in fines and penalties, the largest criminal resolution in US history. In September of 2014, the judgeShow MoreRelatedOrganizational Planning Paper944 Words   |  4 Pagesis British Petroleum better known as BP. In this paper, the Author will attempt to go in depth about BP’s internal and external stakeholders, the company’s goals, mission, and vision, and at least one goal that can be accomplished through strategic and operational planning. The author will also conduct a SWOT analysis on BP, explain how these plans will achieve the related goals, and the effect of planning decisions on the internal and external stakeholders. BP,  also recognized as British PetroleumRead MoreSocial, Cultural and Environmental Responsibility of Corporate Business Leaders1482 Words   |  6 Pagescom/2010/05/04/corporate-social-responsibility-and-stock-values-a-lesson-from-bps-deep-horizon-catastrophe/ †¢ Solman, Gregory (2008) BP: Coloring Public Opinion?, Adweek.com [Internet] January 14th, 2008. Available at http://www.adweek.com/news/advertising/bp-coloring-public-opinion-91662 †¢ http://www.iisd.org/sd/ †¢ http://www.marketwatch.com/investing/stock/bp Case Study: Corporate Social Responsibility and Stock Values, a lesson from British Petroleum’s Deep Horizon catastrophe The Golf of Mexico’s oilRead MoreWhy The British Petroleum Was Responsible For The Accident1404 Words   |  6 PagesDeepwater Horizon oil spill was one of the worst and the largest oil in the history of the world. In the following essay we will discuss about the various aspects related to the accident and find out whether if the British Petroleum was responsible for the accident. BP or British Petroleum is the largest corporation in the United Kingdom and is an international company that operates in oil, gas and chemical industry. The company is headquartered at London. It owns various refineries as well as chemicalRead MoreBp Pipeline Case Regarding Ethical Behavior And Decision Makin1709 Words   |  7 PagesBP Pipeline Case regarding Ethical Behaviors and Decision-Makin British Petroleum (BP) has been operating in the United States for decades. They have required most of their refineries through acquisitions in the med the 1900’s, which helped them to become one of the leading oil producers in the world. The acquisition of the Prudhoe Bay, Alaska refineries produces more than five percent of America’s oil. Therefore, it guaranteed BP’s economic goals by continuing producing oil in the United StatesRead MoreBp Oil Spill Globalization1062 Words   |  5 PagesThe 20th of April 2010 will be marked as the worst day in British Petroleum PLC’s history, the day that there was an explosion on the Deepwater Horizon drilling rig whilst drilling in the Gulf of Mexico, killing 11 people and causing devastation to all the surrounding areas. The events of this day affected the global markets and relationships between countries substantially.  ¹Daniels et al. (2009) states that globalisation is â€Å"The broadening set of interdependence relationships among people fromRead MoreThe British Petroleum Company Plc1946 Words   |  8 PagesThe British Petroleum Company plc (BP) is one of the five largest oil companies in the world today. It is United Kingdom’s largest corporation. BP discovered oil in Iran before World War I. By the mid 1990’s it produced over 1.5 million cubic feet of natural gas every day. It has more than 16,400 service stations around the world. It is an integrated oil and gas company. The company provides its customers fuel used in transportation, petrochemical products that are used in making paints, clothesRead MoreBp 7s Analysis10010 Words   |  41 PagesBP plc[3][4]  (LSE:  BP,  NYSE:  BP) is a British  multinational  oil  and  gas  company headquartered in London, United Kingdom. It is the third-largest energy company and  fourth-largest company in the world  measured by 2011 revenues and is one of the six oil and gas supermajors.[5][6]  It is  vertically integrated  and operates in all areas of the oil and gas industry, including  exploration  and  production,refining,  distribution and marketing,  petrochemicals,  power generation  and  trading. It also has  renewableRead MoreBritish Petroleum1639 Words   |  7 Pages475 Business and Society Introduction The Anglo-Persian Oil Company which is now known as British Petroleum (BP) was founded in 1909 and is one of the world’s leading international gas and oil companies. The multinational British company’s headquarters is located in London, United Kingdom and is one of the five largest oil companies in the world. The pioneer of the Middle Eastern oil industry, BP discovered oil in Iran before World War I and eventually became involved in all aspects of theRead MoreBp 7s Analysis10000 Words   |  40 PagesBP plc[3][4]  (LSE:  BP,  NYSE:  BP) is a British  multinational  oil  and  gas  company headquartered in London, United Kingdom. It is the third-largest energy company and  fourth-largest company in the world  measured by 2011 revenues and is one of the six oil and gas supermajors.[5][6]  It is  vertically integrated  and operates in all areas of the oil and gas industry, including  exploration  and  production,refining,  distributio n and marketing,  petrochemicals,  power generation  and  trading. It also has  renewableRead MoreTheoritical Prespective on Voluntary Disclosure by Bp Plc in Regards to Deepwater Horizon1869 Words   |  8 Pagesthe voluntary disclosure of Deepwater Horizon Disaster by BP Plc. | | | Prepared by : Gajanayagam Jeyasundram | This paper examines the relevant theory that explains public disclosure by big corporations in disclosing corporate mishaps that has environmental, social and economic consequence. We look at Deepwater Horizon in particular and its disclosure by BP. | Num | Content | Page | 1.0 | Introduction 1.1 BP Plc. 1.2 Deepwater Horizon Disaster | 3-4 | 2.0 | Legitimacy