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Excellent financial analysis and planning expertise to manage so many complex projects concurrently and still get the majority of exploration and refining developments done on time.
Weaknesses
From the very beginning, showed signs of being very engineering-centric without a focus on staying true to their stakeholder requirements.
Lost track of its ethical foundation decades previous to 2005 yet the accumulated series of bad decisions started to come out in that year. Their CSR initiatives began to look hollow and meaningless as ethical lapse after lapse occurred., the violation of the Clean Air Act in the Gulf of Mexico region of $50M was just the beginning of a very long and costly series of problems. August, 2006 saw the company encounter a 200,000 gallon spill and $40M in damages. Worse yet, the company also violated the Commodity Exchange Act...
Taken together these areas are generating $1.4B today in revenues.
With the capacity to generate 500 megawatts (MW) of installed capacity and 432 MW at their operations in Cedar Creek, Colorado, in addition to the Solar Panels testing at Walmart stores throughout California, BP has the potential to become a very formidable industry leader in these alterative fuel areas.
BP continues to invest in the Solar
Accounting in British Petroleum Scope, Aims, and Objectives The research project proposed herein will examine the role of accounting in the past progression and current situation of British Petroleum, the company that came under intense public scrutiny last year due to the Deepwater Horizon oil spill that occurred in the Gulf of Mexico (Urbina 2010). In the ensuing year since the accident in the Gulf, however, interest in BP and its internal
Nowadays, the idea that offshore drilling is safe seems ridiculous. The Gulf spill nowhere compares to drilling disasters that have occurred before including one off the coast of Santa Barbara, Calif. In 1969 that discarded three million gallons into coastal waters and led to the present moratorium. The Deepwater Horizon calamity is a standard low probability, high impact event. It is the kind that has been seen more and more
Wicked Problem: Royal Dutch Shell and Its Response to the Nigerian Oil Spill Major oil companies such as Royal Dutch Shell are responsible for hundreds of oil spills every year that cumulatively involve millions of barrels of oil. The harmful effects of such oil spills on the environment is well documented of course, but less well documented are the different types and levels of responses that are used in response
It remains uncertain, therefore, that the Exxon Valdez spill was not, in fact, larger in scale and scope than the Horizon disaster. Conclusion: The Horizon disaster, as it bears noting, helps to demonstrate how little has truly changed in two decades. Even as environmental concerns grow ever-more pressing, oil companies continue to act with relative impunity. The sheer profitability of the industry keeps it insulated from many of the safety and
United Kingdom and Chinese newspaper coverage of BP Oil spill British Petroleum came under severe criticism from around the world when in April 2010 the company lost control of marine drilling operations and caused a major oil spill in Gulf of Mexico. The disaster claimed 11 lives and injured many others. Apart from human loss, the oil spill also resulted in massive loss of precious oil as 205.8 million gallons of
However, this calmness did not translate into crisis management success. Although BP seemed to not be significantly affected by the situation, Hayward stated that the company was overwhelmed by the media attention. The former CEO blames the press for the image that the public has formed on the company in response to its handling of the situation. The control that the company was supposed to reveal did not match the