Category: BP

Introduction Economists rate BP previously referred to as British Petroleum as the third-largest oil company in the world. Its locality in London. It merged with Amoco and changed its name to BP. It rebranded itself by creating a new logo, slogan, and tagline. However, the company was linked to a corruption scandal and the failure…

Culpable decision in BP Texas city case BP explosion accident in Texas City resulted to death of 15 workers and injury of 170 people. A short time prior to the accident, James Baker the US secretary of state had published a report detailing the unprofessional mission BP was undertaking (Hopkins 2008, p. 101; Hendershot 2008,…

Table of Contents Background Contingency Theory Participative Theory Transactional Theory References Background On April 22, 2010, at about 10.30 a.m. local time, the Deepwater Horizon platform sank off the coast of the U.S. state of Louisiana, which led to the largest oil spill in the history of the United States (Stenzel et al., 2022). On…

Table of Contents Introduction Problems experienced in the deepwater horizon oil spill Underlying issues causing the problems at the BP Company How these problems could be managed Corporate Responsibility Theory Conclusion References Introduction Good management is vital in any organization if it is to realize its set objectives. An ideal management system is characterized by…

Introduction One of the premier energy companies of the World is British Petroleum. It is the fourth largest company in the whole World. In the energy sector BP is the third largest company of the World (Bamberg, 2008). One of the most prolific companies of the world, BP has its own strengths and weaknesses. In…

Summary Facts On April 20, 2010, there was an explosion at the BP Deepwater Horizon oil rig, which resulted in the release of over 130 million gallons of crude oil into the Gulf of Mexico (Meiners, 2020). This oil spill was the largest in US history and still has environmental consequences many years later (MSNBC,…

The issues related to climate change have attracted a lot of attention and have become a part of the agenda of socially responsible companies. Thus, many companies tend to implement research on development of ways to reduce negative impacts of industries on the environment (Where do companies stand on responsible corporate engagement 2014). Being environmentally…

The Deepwater Horizon incident has significantly impacted the offshore drilling industry, particularly BP. The company faced significant fines, damage claims, and legal bills, forcing it to sell a significant part of its assets to cover the costs. The value of the companys bonds went down amid the crisis resulting in the re-purchasing of 2010 gas…

Tony Hayward of BP Situation at the Time BP Oil Company is a British owned company and it initiated the deepwater rig to exploit the oil resources at the deep-sea in Texas. However, the company did not do the job directly but sub contracted other companies to help in the extraction of oil. The then…

BP plc (formerly known as The British Petroleum Company plc) is a UK-based gas and oil company. It has been around for 100 years and is still expanding into new markets (#24 BP, 2019). BP plc operates in every part of its home country, the United Kingdom. It sells fuel through over one thousand service…