BP and The Gulf of Mexico Oil Spill Jose Roberto Dominguez Dr. Ken Rossi MGMT 6000 A (CRN: 1535) September 20, 2015 Table of Contents Case Introduction and Background 3 BP or Industry Failure 4 Most Significant Flawed Decisions 5 Did BP lack the appropriate safety culture? 8 References 12 BP and The Gulf of Mexico Oil Spill Case Introduction and Background This particular case study created an abundance of unanswered questions for me to consider and made me realize how poorly
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environmental offences typically allow a defence of `due diligence’: if a company has done everything it could to avoid the harm occurring, it can escape blame even if the harm does occur. Why is such a defence a good idea from the ethical point of view? Would BP, on the facts as given in the case scenario, have a defence of `due diligence’ as regards the harm they caused to the environment in Alaska? If so, why? If not, why not? To study or make reasoning on whether BP’s “due diligence” defense can actually
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BP’s full name is British Petroleum. It is one of the world’s largest oil and gas company which has its headquarter in London, England. The initial name of BP is the Anglo-Persian Oil Company in 1909; in 1954 it changed to its present name British Petroleum. It is combined and reconstructed by the former British Petroleum, Amoco and ARCO (Atlantic Richfield Company). BP’s business has spread to many fields including oil and natural gas, alternative fuels, the production of petroleum based product
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BP’s full name is British Petroleum. It is one of the world’s largest oil and gas company which has its headquarter in London, England. The initial name of BP is the Anglo-Persian Oil Company in 1909; in 1954 it changed to its present name British Petroleum. It is combined and reconstructed by the former British Petroleum, Amoco and ARCO (Atlantic Richfield Company). BP’s business has spread to many fields including oil and natural gas, alternative fuels, the production of petroleum based product
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When you think of the BP Oil Spill of 2010, what comes to mind? Recently, an ad has been aired from BP Oil Company, showing a married couple who owned a restaurant and their account of the oil spill. In this television commercial, Bob and Brooke Kar, owners of the La Famille restaurant, discussed the affects and aftermath of the spill to their business. They were forcefully put out of business because their fishermen and shrimpers were unable to supply them with fresh seafood. This restaurant prides
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As we all know, the BP spill of 2010 was both catastrophic and costly. In April 2010, BP’s Transocean drilling rig Deep water Horizon sank in the Gulf of Mexico killing over 10 people and spewing more than 200 million gallons of oil into our ocean water. This historic and devastating spill is now labeled as worst in U.S. history due to its crippling economic factors throughout Texas, Louisiana, Mississippi, Alabama, and Florida. It has taken us a year to restore our relationships and
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I’m going to discuss the problem at hand which is BP and the Gulf of Mexico Oil Spill which caused so much damage to the environment and also huge economic losses within a short period of time among other damages. Meanwhile, the CEO, Tony Hayward’s response especially about a comment he made on air causes a stir and the fact that BP has got quite a poor safety record, heightened the reaction of the political and public to BP’s involvement in the spill. In short, I’m discussing the communication problem
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BP omitted a dividend to shareholders after oil spill in Gulf of Mexico. BP has no program like stock repurchase because BP was very stable corporate with stable profit also increased its cash dividend year to year so BP has high valuable before oil spill. According to MM Dividend irrelevance theorem (1961), it does not affect to shareholder's waelth due to whether shareholders receive dividend from BP or sell shares to make a homemade dividend, total wealth of shareholder's cash dividend plus
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The Lingering Effects of the BP Oil Spill The rest of the world has long forgotten the disaster that tore through the states along the Gulf of Mexico. Its lingering effects can still be felt three years later. The Deepwater Horizon oil spill in 2010, otherwise known as the BP oil spill, has left the states of Florida, Alabama, Mississippi, and Louisiana in recovery mode. The oil spill not only affected the ecology of these states, but also the economy. This tragic disaster claimed the lives
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1. Về Công ty BP: a/Giới thiệu: BP là một trong những công ty dầu khí quốc tế hàng đầu thế giới.Chúng tôi cung cấp cho khách hàng với nhiên liệu cho giao thông vận tải, năng lượng nhiệt và ánh sáng, chất bôi trơn để giữ động cơ chuyển động, và các sản phẩm hóa dầu được sử dụng để làm vật dụng hàng ngày khác nhau như sơn, quần áo và bao bì b/Làm gì: Chúng tôi mong muốn tạo ra giá trị trong toàn chuỗi giá trị hydrocarbon. Điều này bắt đầu với việc thăm dò và kết thúc với việc
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