5 billion (now $4.5 billion w/ interest); Exxon still appealing (Jan 2007) • Reputational Outcome: Exxon lost market share, stock dropped $3 billion; slipped from largest to third-largest oil company; target of consumer boycott. "Exxon Valdez" synonymous w/ corporate arrogance & shirking responsibility (2004). Called "most anti-environmental company in the world." Alaska Bishop: Exxon threatens "the web of life." Greenpeace: "Classic case of deny, dupe & delay." (2006) Britain science
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EXXON VALDEZ CASE Companies would always be prone to crises and problems beyond their control. What makes a company stand; amidst all problems they are dealing with is how they deal with it. One of the greatest controversies during the 1980’s was the Exxon Valdez oil spill that happened on a reef in Alaska’s Prince William Sound. The Exxon Valdez ship had identified icebergs and decided to take a different route to get around
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Exxon Mobil New Mexico Highland University Abstract Exxon Mobil participates in exploration, production, refining and marketing of oil and natural gases. The business by Exxon Mobil has a tremendous impact on the macro- environment. There are factors of macro-environment that affects by Exxon Mobil? The factors are socio-cultural, ethics and corporate social responsibility, political and legal, technology and economic. Exxon has an extraordinary and complex SWOT analysis. The SWOT analysis
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BP Oil Spill Public Relations Response Introduction BP Oil Spill which is also known as Gulf of Mexico and Deepwater Horizon oil spill is the largest marine oil spill throughout the history which was caused by an explosion on offshore oil platform namely Deepwater Horizon on 20th April, 2010 located at the Mississippi River delta. British Petroleum (BP) was the principal developer of Macondo Prospects oil field where the accident held. The accident occurred when they were closing the oil well
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What is an oil spill?(JDB) An oil spill is a type of pollution which consists on the dumping of petrol into the environment, mainly into oceans although it can also occur on land. These oil spills are mainly caused by the release of crude oils, wells, platforms and drilling rings. These oil spills, can very well damage the environment and therefore causing many consequences to different groups of animals and pollute the area where the dumping took place. Deepwater Horizon spill (MBR) This devastating
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DEEPWATER HORIZON CATASTROPHE Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig. The Deepwater Horizon oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout) is a massive ongoing oil spill in the Gulf of Mexico, now considered the largest offshore spill in U.S. history. Some estimates placed it by late May or early June as among the largest oil spills in the world with tens of millions of
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Exxon Valdez and Tylenol Case Study DE LA SALLE UNIVERSITY - DASMARIÑAS Communication Arts Department Lawrence G. Rawl, chairman and chief executive of the Exxon Corpoation was in his kitchen sipping coffee when the phone rang and received the news regarding the spilling of crude oil into the frigid waters of Prince William Sound, just outside the harbor of Valdez, Alaska. What was about to happen was the worst environmental disaster in the history of the United States. These were
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environmental ramifications of gross negligence and unethical business practices of corporations operating on a global scale. The Deepwater Horizon spill in the Gulf of Mexico is not the first, and is quickly surpassing the widely remembered Exxon Valdez spill in 1989 in infamy and tragedy. Both had and will have immediate and long term effects on the natural ecosystems and surrounding human population. The 1989 oil spill has been determined to be caused by negligence, mainly its crew at the helm
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Student’s name Affiliated Institute Subject Date The BP Oil Spill Introduction Oil spill refers the condition in which fluids of petroleum flow into marine habitats (IMO 2005). Water pollution is one of the types of pollutions known to be very notorious in controlling. Although oil products are insoluble in water, the method of evacuating oil spills from the water surface, is never an easy task. When oil spills occur, the layer of petroleum formed on the surface of the water leads
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Working Paper The BP Oil Spill as a Cultural Anomaly? Institutional Context, Conflict and Change Andrew J. Hoffman Stephen M. Ross School of Business University of Michigan P. Devereaux Jennings University of Alberta Ross School of Business Working Paper Working Paper No. 1151 October 2010 This work cannot be used without the author's permission. This paper can be downloaded without charge from the Social Sciences Research Network Electronic Paper Collection:
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