• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Case Study of BP

Extracts from this document...

Introduction

British Petroleum(BP) Introduction of BP: BP plc (formerly British Petroleum plc) is a British global energy company that is also the 3rd largest global energy and the 4th largest company in the world. As a multinational oil company ("oil major") BP is the UK's largest corporation, with its headquarters in St James's, City of Westminster, London. The company is among the largest private sector energy corporations in the world, and one of the six "super majors" vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. This company operates in six continents like North America, South America, Australia, Asia and Europe. but they are selling serving and sells their products in different countries of the world and they are having more than 13million consumers. --> Our main products All over the world highest number of natural gas and oil produced by BP and it is the biggest investor in energy development BP is the leading producer of oil and natural gas in the United States and the largest investor in U.S. energy development. BP's key products are crude oil and petroleum and it refine, sell, transport in different countries. On the trading side BP is having good customer network and in North America BP stands with second largest refiner and second largest fuels marketers. ...read more.

Middle

The key players in this industry are powerful on their own and who are able to influence this oligopolistic market by their supplies. The main competitive force for BP is the challenge ahead with climate change and restrictions by policy makers. Climate change in the reason years have featured on Washington agendas, and despite having political differences countries like China, India and America who are the main countries which account for the worlds carbon emissions have come together in working towards a timetable to address climate change issues and to align there economies by giving priorities to this issues. BP's Approach to a Lower-Carbon Future. The British Petroleum Company ( BP) is very serevious and taking great action to find out the way of low carbon energy. BP has decreased their own participation in carbon energy. The following chart give us a better idea and figures about BP's network for carbon energy matter. Figure 1. Progress of lower- Carbon. (Taken from www.altenergystocks.com ) BP has set carbon emissions as the high priority when choosing new future investments and engineering future projects in both fossil and renewable energy . to overcome it believes in energy security which means by diversifying as the statement by Churchill which stated " safety and uncertainty of oil lie in variety and variety alone "which clearly gives important to different sources of energy . ...read more.

Conclusion

5.Chevron and Shell are the main competitors. 6.In the next few months will be hitting more than 5.000 shortage. Market access product characteristics and reality of operation. TNK-BP LTD. TNK-BP (Tymen oil Co.) was a merger in August 2003 in the British Virgin Island as a (TNBP). It was a major vertically integrated Russian and Ukraine oil and gas with assets of Alfa group and Access Renova group, a stakeholder called AAR. TNK-BP after the merger it became the world largest oil company. Because of the BP's majority assets in Russia the company owned 50% and the other 50% was owned by the group of prominent Russian investors the AAR, (Access industries and Renova). TNK-BP combines the best Russian and international skills and experiences, it is managed by a multinational management team, which consists of Russian and international executives who have working in more than 50 countries worldwide. The company has 70,000 people and operations in Russia. Since the foundation of TNK-BP in 2003 it has become an outstanding success in terms of growth. TNK-BP announced a net income of $1.7 billion in the third quarter of 2009, up 34% of the previous quarter; it has recorded the industry-leading 130% reserves replacement ratio over the past three years. Conclusion: Finally we can say that BP is a most valuable multinationl oil company in the world. It is the brand having sustaniblity,strong infrastructure,and management power.Apart from some environmental issues , company has enormous amount of strategic capabilities and advantages over its rival companies. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. HMV Group plcs environmental and strategic position

    Group, because nearly all their products are subject to forever changing technology and for HMV Group to stay competitive they need to be able to predict or afford any new popular technology. An example of this is the invention of the digital book.

  2. Case Study: BMW 's New Oxford Way

    However, if you change the quality of the workplace fore the employees they are much more productive and motivated to do extra. The business BMW has established a great scheme of work where they employees are able to be responsible and make decisions in terms of fixing production problems by themselves.

  1. Case Study - Recovery Kitchens Ltd

    This will help Recovery Kitchens Ltd to increase sales and profit because brand loyalty is increased as more customers are attracted to the company. The negative factor of being environmentally friendly is that there are high production costs and in order to reclaim old wood and make it suitable for a kitchen takes a great amount of work.

  2. Advance Professional Development

    Analysis of three organisations I have chosen the following three organisations to do analysis that how they ensure their staff personal and professional skills development. 1. Mc Donald's 2. Dell Australia 3. Transport for London Mc Donald's Mc Donald's is one of the world's most popular chains of restaurants; they have subsidiaries in all continents of the world.

  1. Project Management - planning an all inclusive carnival concert in the North Western end ...

    The project manager which is me, made sure all assignments and tasks were completed with good quality and time through the process of monitoring, controlling and also through effective communication.

  2. A Corporate Governance Review of Toyota

    However the board has been larger, so this is a good move as a smaller board is likely to be more effective in its decision-making7. The board of directors consists only of insiders, as Toyota prefers "... it is important to elect individuals that comprehend and engage in TMC's strengths,

  1. Analysing Job sectors in Canada. Identify trends in employment and occupational demand patterns for ...

    Labour requirements are dominated by retirements while additions to the workforce come from new graduates and temporary foreign workers; creating a potential mismatch of skills and experience. Employment of civil engineers is driven by investment and employment in professional, scientific and management services (including engineering consulting services), government services and construction.

  2. Business plan for Laundry Toaster laundry dryer.

    Sources indicate that there are a number of key market opportunities relating to product development which should offer value added opportunities as well as increasing volume demand. 1. Discuss the major factors affecting the market growth (e.g. industry trends, socio-economic trends, government policy, and population shifts).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work