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
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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 the oil industry
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headquartered in London, England. BP is the sixth largest energy company by market capitalization the fifth largest company in the world in regards to revenues. BP is the sixth largest oil and gasoline companies, measured by production and considered one of the “supermajors”. BP is vertically integrated and operates and operates in all areas of the oil and gas industry, including exploration and production, refinery, distribution, marketing, petroleum-chemicals, power generation. BP also has renewable energy
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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
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Image creation-BP is in the mature stage of its life cycle, has been involved in multiple mishaps over the years. They have lost focus of their duty to the environment, the public, and its shareholders. 1) SWOT analysis Strengths-they have alot of money that can be reinvested in enhancing/repairing their image and focusing on the environment, their connections (with the British government and Navy), alternative energy (wind, solar, biofuels), infrastructure, carbon footprint toolkit, they
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for oil. Seven years later, after almost giving up, The Anglo-Persian Oil Company emerged from this discovery and stood in command of what was the greatest oil find of its time. Angelo-Persian oil company as we know it today is British Petroleum or BP "The company made handsome profits through the 1920s and 30s as much of Western society moved toward a world sped along in petroleum-burning automobiles and illuminated by petroleum-burning power plants. The company — renamed the Anglo-Iranian
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3.1. British Petroleum (BP) British Petroleum is a company, which focuses mainly on petroleum, but has some interest in alternative energy. It is one of the world’s largest oil and gas companies, which serves over 13 million consumers in more than 100 countries. The market of alternative energy is not as well developed, nor as profitable as oil, but it is a good future investment with the recently raising environmental concerns. BP recognized this on time and entered the solar market in the
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Big oil companies have “a powerful partner in the U.S. government, which isn't eager to see BP cratered since the cost of cleaning up the mess would then land in its lap“(Sorensen, p. 55). Whether it is bad for business or not if they announce the error they have made, since the U.S. government does not want to deal with the spill alone, they will have to deal with fines but will have help. On top of that “BP also has an estimated US$250 billion worth of assets that it can sell if
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British Petroleum Corporation – or BP as it is better known throughout the United States after acquiring Amoco and rebranding its gas stations – was incorporated on April 14, 1909, as the Anglo-Persian Oil Company, Ltd. The current name was adopted in 1982. BP Shipping, which is a subsidiary of BP Holdings, the same parent of BP, was founded in 1915. It is the oldest continuously operating entity in the BP group, tracing its roots back to the creation of the British Tanker Company Limited in 1915
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oil explosion in history occurred. The incident took place in the Gulf of Mexico on the Deepwater 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
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