...BP (British Petroleum) is 1 of the biggest energy companies in the world, there are almost 100000 employees in this company. BP offers to its consumers petrochemical products for daily use items, energy for light and heat, fuel for transports with retail services. From 1966 Lord Browne was the CEO of the company for many years. He focused on two areas : one is green energy and second is knowledge management. In my research I focused on BP when Lord Bowne was CEO. BP was first adopter of Knowledge Management, a scheme that collects all data gathered across an organization. Using this structure engineers and managers at every level have admission to, and may learn from, experiences of each other. Knowledge Management (KM) is the method in which a corporate like BP can take the knowledge of its experts and employees across the world and carry it all together to form a competitive advantage and best practice. BP began using of KM principles in the mid-1990s when Lord Browne was CEO (under his leadership) and has sustained until now with the implementation and development of KM Guidelines for Production and Exploration. "The simple minimum for Knowledge Management is to make KM strategy a actuality: to confirm that people are out there relating the best knowledge which BP has, in a constant manner all over the world," says Houston- BP consultant Wendy C Valot. "Knowledge Management holds all disciplines connected to E&P, from engineering to drilling to task management...
Words: 3625 - Pages: 15
...British Petroleum (BP): Functions of Management MGT330: Management for Organization Marsha Bicknell February 18, 2013 Instructor: Aaron Bangerter British Petroleum (BP): Functions of Management British Petroleum (BP) is a service station offering different types of products to a diversity of customers. As an employee or cashier working for British Petroleum (BP), a person can see how sales reports and the ordering of products are part of the five functions for effective management. Taking a closer look into the five functions, such as planning, organizing, staffing, leading and controlling for effective management we can see how they are incorporated by the BP, where I work. Since, I begin work at this BP I have noticed how the sales reports provided for an aid in ordering of products. The following four steps are involved in the planning function of management: * Examining the company's internal and external environments to discover company strengths and weaknesses and emerging opportunities and threats * Determining which goals the organization will pursue * Choosing strategies, tactics, and operational plans to achieve company goals * Allocating organizational resources to pursue the company's goals (Reilly, Minnick, & Baack, sect 1.3). Planning allows managers to choose appropriate organizational goals and identify the courses of action that is best to reach their goals. With the daily reports taken on the different shift and paper...
Words: 1795 - Pages: 8
...effort that BP has made to brand itself as a “green” company that balances oil and gas exploration with the development of alternative energy technology. I believe that the problem BP is facing in the aftermath of this disaster is a result of a lack of strong ethical guidance. Instead of doing the right thing, it appears that BP’s management has resorted to arguing the issue of liability in the court of public opinion. BP’s C.E.O., Tony Hayward, has recently said, “This was not our accident.” He has pointed to Transocean, the rig owner, and Halliburton, the company that constructed the concrete encasement that sealed the well, as the true culprits. While company lawyers would be negligent if they failed to advise BP to avoid accepting legal responsibility for the disaster, this does not mean that BP should publicly blame others. It appears that the company’s public relations and legal positions have become entangled with BP resorting to finger pointing as its chief strategy. Such actions should be reserved for the courtroom, not the media. People are expecting BP to express sorrow and regret for the disaster, not cast blame and divert attention from its own actions. Its reputation is suffering as a result. Modern business ethical theory and corporate responsibility emphasize the importance of taking stakeholder interests into account. Stakeholders are those parties that a company’s actions affect. In developing a public response to the gulf oil spill, BP had failed to...
Words: 426 - Pages: 2
...British Petrolum 2012 BP Oil Spill Management Dr…………………………………….. Nahla…………………………… , Nuf………………………. QATAR UNIVERSITY Executive Summary This paper examines the oil spill that took place due to an explosion at one of the drilling rig of British Petroleum on 2010 in the Gulf of Mexico and the managerial response to that crisis. Introduction: History of British Petroleum (BP) According to the British Petroleum's website, the company has started in 1908 with oil found in a rugged part of Persia after a long and hard search. Since then, discoveries large and small have participated in our progress. This is the first phase of BP between 1901 and 1908, the period during which the oil discovery was uncertain. The company has started as the Anglo-Persian Oil Company, which would be called one day BP. The next phase of BP's history was from 1909 to 1924, when the Field of Naphtha was 210 rugged kilometers from the mouth of the Persian Gulf. The Anglo-Persian was building a refinery to turn the thick crude oil into a usable product. Despite its name, the British Petroleum brand was originally created by a German firm as a way of marketing its products in Britain. During the I World war, the British government seized the company’s assets, and the Public Trustee sold them to Anglo-Persian in 1917. The Third phase of BP's history was from 1925 to 1945, when cars flooded onto the streets of Europe and the United States in the 1920s and 30s. BP-labeled gasoline pumps...
Words: 4439 - Pages: 18
...William J. McLeod Dr. Etido Akpan BUS 508: Contemporary Business 10 February 2012 British Petroleum (BP) is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. In its global business, the company has several family brands: BP, ARAL, ARCO, Castrol, am/pm and Wild Bean Café. BP's global business is divided into three distinctive organizations to deliver energy products (Upstream, Refinance and Marketing, and BP Alternative Energy). Global Business: Created in September 2010, Upstream consists of three distinct Divisions – Exploration, Developments and Production. Within the Developments Division there are two Technical Functions the Global Wells Organization and the Global Projects Organization. Within the Production Division there are also two Technical Functions Operations and Subsurface. A Strategy and Integration organization led by a fourth Executive Vice President, (including HR, Finance, IT and Technology) and ensures integration across the Divisions and Functions. The downstream business segment converts crude oil into useful products such as fuels, lubricants and petrochemicals. It also stores and distributes these products to where they are needed, and markets them to customers in more than 70 countries. BP’s Refining and Marketing operations are carried out...
Words: 1489 - Pages: 6
...The Unsafe Culture of BP The oil spill in the Gulf of Mexico has been called the worst environmental disaster in U.S. history. The British Petroleum Company (BP) gulf spill started in April of 2010, and was first contained in July of 2010; it took the company 2 months to actually start the process of containing the spill. The Associated Press and The New York Times, reported that a total of 94 to 184 million gallons of oil were unleashed on the shores off the Gulf. This disaster has caused controversial topics to arise as to what the BP company is doing in preventing these disasters or if they are even taking any precaution to that notion. Critics say that BP has had a very bad track record when it comes to safety. It is a risky company that has grown too fast. They have had accidents like the one of BP’s most troubled refineries, which lies, in the State of Texas, which also had its fair share of explosions. BP now faces the largest liabilities in corporate history. All of what BP seems to be doing is shutting their workers mouths with money they cannot refuse but money that has no affect on the company’s profits. BP must change their culture of deadly accidents, disastrous oil spills, and countless safety violations. The Texas BP refinery had an “accident” in 2005 where 15 people died in an explosion and fire, 170 others where injured. Afterwards there were charges that BP management valued profits more than safety. BP acquired the 12,000-acre refinery in 1999 as part of...
Words: 3214 - Pages: 13
...Since April of 2010, BP Oil Company has been working to repair the damages of an oil rig explosion in the Gulf of Mexico. According to Do Something, an environmental website, have reported the death and injury of 28, more than 8,000 animals dead within six months, and 16,000 miles of coastline pollution (11 Facts about the BP Oil Spill). Many accounts blame this catastrophe on BP’s neglect to properly build and maintain machinery. Several clean up workers and fisherman have been affected due to this oil spill (Reed 35). People living near the coast line has been affected due to polluted air and water. Many children had been sick and they had problem breathing fresh air. BP’s ways of “cutting corners” are a point of interest when considering the factors leading to the Deep-water Horizon Oil Spill. There were several issues with this oil spill: professional issues, ethics and new technology issues, legal, regulatory and political, safety issues, and environmental issues. If BP would have taken care of all these issues there had been no oil spill. According to the official federal report, BP’s management cut corners in many areas, especially during the installation of the drill. While drilling the drill pipe got stuck and the engineering had to redesign the parameters but completely cut corners to drill the fastest way possible, which was the start of BP’s problems. Events leading up to the Deepwater Horizon incident led one to question the values and motives of the British Petroleum...
Words: 1730 - Pages: 7
...BP From Wikipedia, the free encyclopedia This is the latest accepted revision, accepted on 2 October 2010.Jump to: navigation, search This article is about the energy corporation. For other uses, see BP (disambiguation). For information on the oil spill from the Deepwater Horizon rig, see Deepwater Horizon oil spill. BP p.l.c. Type Public limited company (LSE: BP, NYSE: BP) Industry Oil and natural gas, alternative fuels Founded 1909 (as the Anglo-Persian Oil Company) 1954 (as the British Petroleum Company) 1998 (merger of British Petroleum and Amoco) Headquarters London, United Kingdom Area served Worldwide Key people Carl-Henric Svanberg (Chairman) Tony Hayward (CEO) Bob Dudley (Director, CEO (appointed)) Byron Grote (CFO)[1] Products BP petroleum and derived products BP service stations Air BP Aviation Fuels Castrol motor oil ARCO gas stations am/pm convenience stores Aral service stations solar panels Revenue US $246.1 billion (2009)[2] Operating income US $26.43 billion (2009)[2] Net income US $16.58 billion (2009)[2] Total assets US $236.0 billion (2009) Total equity US $101.6 billion (2009) Employees 80,300 (Dec 2009)[3] Website BP.com A 1922 BP advertisement.BP p.l.c.[4][5] (LSE: BP, NYSE: BP) is a global oil and gas company headquartered in London, United Kingdom. It is the third largest energy company and the fourth largest company in the world measured by revenues and is one of the six oil and gas "supermajors".[6][7] ...
Words: 11889 - Pages: 48
...BP OIL SPILL Under the Deepwater Horizon, an offshore drilling ring of British Petroleum (BP) caused an oil spill in the Gulf of Mexico. The incident occurred on April 20th 2010, where equipment failed and caused the explosion sinking the ring, and causing the death of 11 workers and more than 17 workers injured. The British based energy company also faced other problems at the site of the oil spill. More than 40 million gallons (estimated data) of oil spewed into the Gulf of Mexico. Oil spill in the Gulf of Mexico is a very serious threat for the wildlife as it causes water pollution. The oil spill effected many coastal areas in the US, like the Louisiana, Alabama, Mississippi and Florida. The oil spill disaster strongly damaged wildlife cycle in the Gulf of Mexico, and many species were thrown into extinction. Similarly, thousands of businesses were thrown into extinction. Many people has questioned the ethical decisions and core value system that BP used to cut corners with the accident; namely, the race to maximize profits at all costs. We are all aware that one of the main causes that let to the disaster were the result of bad decisions, in which a less expensive option (whether to run a test or use a particular kind casing pipe, for example) would save lives. There has been “zero dollars spent on research concerning how to handle oil spills for off-shore drilling by BP despite the company's NET profits - above and beyond all salaries, bonuses, or overhead costs- of...
Words: 822 - Pages: 4
...Horizon oil rig leased by British Petroleum (BP). This tragedy claimed the lives of 11 BP employees and injured 17 employees. The incident occurred due to BP’s failure to take safety precautions and its focus on keeping costs low. In order to restore its image, BP created a response website titled “Gulf of Mexico Restoration”. This website uses the following three verbal and visual strategies to repair its reputation: a video titled “Committed to the Gulf” to express its commitment to the Gulf and America, a green header titled “Community Development in the Gulf States” to show how BP is restoring the economy, and a slide show of BP’s employees operating in more efficient ways to reveal its dedication to sustainability. BP uses a video of the Gulf, employees, and tourists to express its commitment to the Gulf and America. The video shows BP’s Operations Manager Fred Lemond stating that “BP has paid over 23 billion dollars to help people who were affected by the crisis and also cleanup costs” (BP, 2013). The video also shows “The reopening of the Gulf to tourism and people enjoying the water, which appears to be clean” (BP, 2013). Lemond, also illustrates that “BP is committed to America by creating 250,000 jobs in America and investing more in America than any other country” (BP, 2013). According to Cain Burdeau from The Huffington Post, “BP’s video presents a perspective that is too rosy and some of the areas in the Gulf that BP is claiming are open are actually closed due...
Words: 1000 - Pages: 4
...and ecological impact * Fisheries * Tourism * Individual impacts on states * Louisiana * Florida * Alabama * Unaccounted Oil * Commercial Law Suits * Damages paid * Long term effects * Reference Company Background * Name – British Petroleum * Founded- 1909 as the Anglo-Persian Oil Company 1954 as the British Petroleum Company 1998 merger of British Petroleum and Amoco * Industry – Oil Natural Gas Alternative Fuels Low carbon Energy Alternative Energy * Headquarters – St. James’s , City of Westminster , London (U.K) * Core BP brands * British Petroleum * Castrol...
Words: 2809 - Pages: 12
...Hill Slide In 2005, an independent research and rating company named Management & Excellence S.A. (S&E) was founded in Madrid in 2000. S&E released the 2005 results of their ethical study that covered ethics within some of the top oil companies in the world. The S&E ethical study was titled, “Ethics in the Oil Industry 2005” and upon it was BP at number three on the list. The only two oil companies ahead of BP were Royal Dutch Shell at number one and Exxon Mobil at number two. (Manage & Excellence, 2005) BP has displayed that they take ethics very seriously, at least enough to be recognized in the study. This will be our apex to the slippery slope in which the reputations of BP will start its decent. Also, in 2005, BP faced its worst disaster to date when one of BP’s refineries located in Texas City, Texas, exploded killing 15 people and injuring another 180 individuals and forced thousands of nearby residents to take up shelter within their homes. (Mauer & Tinsley, 2010) An Investigation lead by the U.S. Chemical Safety and Hazard Investigation Board found, “organizational and safety deficiencies at all levels of the BP corporation.” British Petroleum pleaded guilty to felony acts that violated the Clean Air Act and was fined $50 million while only receiving a three year probation sentence. The Occupational Health and Safety Administration (OSHA) issued the largest fine in OSHA history, $87 million, to BP after conducting their investigation. (Mauer & Tinsley, 2010) OSHA discovered...
Words: 386 - Pages: 2
...Petroleum is a public limited company. They suffered a huge downfall from their 2010 Mexican Gulf oil spill, although have rebounded very positively since then with major improvements in the company, both ethically and environmentally. This company markets its products in over 100 countries and, as of December 2011, employs over 83,000 employees. British Petroleum has worked hard to honour their commitments to the people and communities of the Gulf Coast. This company produces the natural resources that the world depends on daily, and produces them in some of the most operative, proficient, and resourceful ways which are possible today. (BP, n.d.). This company proves to be constantly evolving in the world. They are always innovating and coming up with new ways to operate their business as to cause the most minimal effect or damage on the environment. BP has become one of the most environmentally aware companies of the modern age, especially from what they have gone through in the Gulf of Mexico, and the revolutionary technologies they have integrated in their business operations. The vertically integrated company uses three main types of leadership, as well as an operational controlling method to ensure that the organization functions accordingly and remains socially responsible, ethical, and practices corporate social responsibility. By focussing on developing the company’s organizational structure on upstream and downstream tasks, British Petroleum can aim towards innovating and...
Words: 3845 - Pages: 16
...| 1. Based on the history of the company, why did BP get involved in so much questionable conduct? BP's history extends back to 1901 when William D'Arcy's Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy's nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ,BP's Board strategy focused for decades on selling and making profits by expanding and increasing their market shares and they have neglected BP responsibilities with respect to human and environmental resources in their Mission statements and Corporate goals . Below is part of their new mission statement and underlined parts emphasize how BP have changed their way of thinking and realized how social responsibility and environment are important to their business especially after several disasters that occurred to them last decade. Mission statement: "BP wants to be recognized as a great company – competitively successful and a force for progress. We have a fundamental belief that we can make a difference in the world. We help the world meet its growing need for heat, light and mobility. We strive to do that by producing energy that is affordable, secure and doesn’t damage the environment. BP is progressive, responsible, innovative and performance driven." "Progressive - We believe in the principle...
Words: 1056 - Pages: 5
...Bp also known as British Petroleum “is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.” This establishment has over 80 operations under its umbrella ranging from the United States to Australia. Oil companies such as BP constantly try to find the next best way to dig and find oil underneath the surface of the earth. Not only do they have well educated persons there to help measure, dig, etc., but they also have a great number of technological resources. The resources that are used include: 3D film that Geologists look at in a room called the HIVE (highly immersive visual environment). In this room, all persons that deal with finding oil come together and view this film to help determine where to drill and how successful they will be in doing so (BP). Finding oil is a science, there isn’t much guessing done without tools and maps to find it. Before there were a host of technology-based programs, oil companies had to search for oil by finding natural oil bubbles that came to surface in what is called a seapage (BP). Even then, there were no true promises that if the drilling began that they would strike gold, they just hoped that there was something deep beyond the earth’s surface. According to BP, “drilling is the only sure way to find out whether there is oil or gas down there”. There are also precautions that are...
Words: 3224 - Pages: 13