The auditing firm and the company severely overstated Powder River Petroleum International’s revenues by 7% to 2,417%, assets were overstated by 7% to 48%.
In terms of environmental impacts, BP has received much support globally for its hands-on standpoint on environmental challenges, most notably for not only investing heavily in technologies aimed at reducing the carbon footprint, but also […]
British Petroleum was established in 1909, and its origin is linked to the establishment of the Anglo-Persian Oil Company. This company has enjoyed a near-monopoly in oil and gas production because of its strength in […]
The economies of scale in the petroleum industry are very high because of the capital intensive nature of the industry’s operations which make it difficult for any oil producing company to enter the industry.
The firm has been in operation for a number of years and has managed to venture into the global market. In addition, the high rate of terrorism is a threat to the firm.
Some researchers argue that, economic and demographic disparities among OPEC member states contribute to the warring prices of oil in international markets.
In cases of a corporate governance failure, the trust of the public and stakeholders decreases, leading to potentially harmful consequences for the overall success of an organization.
Overall, the measurement of performance is important for evaluating various strategic options that are available to the company. In turn, it is possible to suggest that British Petroleum should focus on the environmental sustainability of […]
British Petroleum is headquartered in London but operates in several other countries. It is concerned with the exploration, mining and supply of oil and natural gas.
It was claimed to be one of the greatest disasters that led to human deaths and oil spills that affected the ecosystem adversely. In addition to that, the management team was affected because it had […]
Back at the end of the 20th century, the corporation announced a program to transform the production of petroleum products in accordance with the principles of environmental protection.
It is presented as a strategy that will allow BP to compete with the bigwigs of the industry. It is hard to convince investors to shoulder the debts of a company for the sake of […]
While the physical model is to the scale of the original reservoir’s dimensions, a mathematical model is different. The mathematical model allows one to learn the fluid flow equation without having to develop a laboratory […]
If the current assets are less, the company may result in short-term lending to ease the situation. The trade receivables, financial instruments, and prepayments are categorized both in the noncurrent and current assets categories.
Using a computer model, the simulation attempts to mimic the appearance and behavior of the well through mathematical and physical computations in the attempt to describe the active geological processes ongoing in the reservoir.
The environmental impact assessment should identify legislation; critically describe environmental baseline; classify areas deemed sensitive; assess the risks that are to be encountered; come up with the effects of the projects; attach value to the […]
And where specific environmental needs outstrip the power, and therefore the responsibility, of the individual corporation, conscience demands more reaching out to and eventually with other corporations in an industry, a geographical area, or a […]
The use of ICT reduces the coordination costs between the organizations to a considerable extent and also increases the outsourcing of the firms and in turn, increases the number of organizations involved in the structure.
It will be explained later in detail that the cultural diversity in terms of the number of foreign students enrolled as well as the different types of courses offered in each university greatly affect the […]
The company was incorporated in the UK in 2005 and is operating all over the world. After incorporating, British petroleum sold off its derivative businesses to be able to run the current business The company […]
It is said that 84% by volume of the hydrocarbons present in petroleum is converted into energy-rich fuels or petroleum-based fuels that include gasoline, diesel, jet, heating, and other fuel oils, and liquefied petroleum gas.
Addressing the objectives of the workshop and presenting the project background are crucial parts of the agenda, too, because they help to educate the company’s staff about the significance of prevention and mitigation measures.
The purpose of this article is to apply the project risk management theory to a case study using the example of the reputational decline of British Petroleum.
The use of such a resource is a modern trend in the industry under consideration, and its application in practice can be valuable from the point of view of the economy.
This paper advances the literature on the practice of quality management in the petroleum industry. Previous research in quality management has given valuable information on the effect of quality management on operations and business performance.
A detailed enquiry into the incidents that led to the explosion points out to a deliberate attempt by the management of the firm to maximize its infrastructure at the expense of the rights of the […]
In a sense, what occurs in the case of corporate sponsorships is that the values associated with the person/franchise that is being sponsored is transferred to that of the company which in effect becomes a […]
At the same time, it threatens nature and creates many long-term issues related to pollution of air, soil, water, the weakening of the ozone layer, and the facilitation of the greenhouse gas effect.
The oil industry is the largest supplier of energy in the world. The purpose of this paper is to provide potential solutions for the oil industry based on the criteria of ecological safety, sustainability, and […]
Therefore, it is desirable that BP should reconsider its current financial policy and introduce the principles of sustainability to maintain the According to the recent records of the company’s progress in the target environment, BP […]
The financial analysis of a company is useful to understand how the business has performed in the last accounting period. The information provided by companies in the financial statements is specific to the industry, and […]
The key characteristics of the market environment that Qatar Petroleum operates in include long run profits and the interdependence of the company with smaller companies and other major players such as ExxonMobil.
In the mid 1990s, the world witnessed a very huge increase in the demand for petroleum products due to the rapid growth of economies, especially in Asia and the third world.
Different research tools will cater for different audiences and needs, for instance, online surveys will be used to reach BP products’ consumers throughout the world while observation tool will be used in the local market […]
Is there a noteworthy contrast between the conceivable impact of FDI on financial development between exporting nations and nations that are individual from the Organization of Petroleum Exporting Countries? There is a negative collaboration between […]
In this regard, due to the fact that BP plc is an integrated oil company efficiently performing on the global market, I would like to propose it including the peculiarities of the company, its strategy, […]
Considering that the change process involved a total overhaul of every element of BP, at the end of the implementation of the knowledge management project, the organization was ready to retain the concept permanently. Apparently, […]
The company, because it was state-backed, had for a long time enjoyed a monopoly in the Brazilian oil industry and financial security in the eyes of shareholders and watchdogs.
The mission of the company is to develop the oil and gas resources in these regions. The first strategic objective of the company is the “exploration and development of existing acreage and the acquisition of […]
However, to have a proper conception of the plan, this paper analyzes key external organizational factors that affect the company’s operations, its main stakeholders, and how they affect the company’s financial performance.
The process of change is complex and takes the efforts of the organization leaders to acquaint employees and managers with adequate information about the nature, importance, and implications of the change before the implementation of […]
Source: BP While the explosion of the drilling rig at the deepwater horizon in the Gulf of Mexico occurred in April 20 2010, the first communication by BP was in April 24 2010.
The primary aim of the order was to maximize the production of petroleum in the Persian Gulf and supply the increased postwar energy requirement of the Europe.
The company is involved in several activities within the energy sector especially exploration of gas and oil, refinery and distribution of the same, generation of power and in retailing of gas and petroleum products.
The following will be the specific objectives: Critically evaluate if the current employee satisfaction and motivation strategies are in line with Qatar Petroleum employees’ needs, aspirations, and goals; Critically evaluate the role of Qatar Petroleum’s […]
The company is in need of revamping the oil production process especially after the catastrophic 2010 oil spill and dwindling returns over the past five years.
In the case of the oil spill, the article seeks to show that even though British Petroleum did go to great lengths in their CSR campaign; other firms that did not do this would have […]
However, these initiatives and attempts to compensate the problem cannot be discussed as enough to change the consumers’ attitude to BP because the company had the similar problems earlier, and the absence of the necessary […]
The accident led to the spilling of large volumes of oil into the waters on the Gulf of Mexico, thereby endangering aquatic lives. The Deepwater Horizon explosion was the largest and longest oil spill in […]
Also petroleum is a major air pollutant due to the release of carbon materials in the air and with the ongoing campaign for adoption of more environment conserving energy, the use of petroleum will be […]