environmental impact. In this ethics report, we will study one of the world’s leading international oil company – BP, who operates in nearly 80 countries . We will particularly discuss ethical issues raised by BP in oil industry in the United States (US) between 2002 and 2006. The three ethical issues which are going to be discussed are (1) safety issue in workplace depicted by the Texas City explosion in 2005, (2) honesty and fair dealing depicted by both Texas City explosion and Prudhoe Bay A-22 explosion
BP has had a long history of ethical and legal violations because BP chose to put profits above all else. In the past twenty years, BP subsidiaries were convicted of environmental crimes in Texas and Alaska. In addition, BP received the biggest fine in US history regarding safety violations. Although BP accepted responsibility, their record showed questionable and illegal behavior for twenty years. One of BP's major issues happened in a Texas refinery close to Galveston in 2005 (Jennings, 2009)
GROUP PROJECT- CASE STUDY | A report submitted in partial fulfillment of the course | | MODERN INVESTMENT & PORTFOLIO MANAGEMENT | INSTRUCTORS: PROF. S.K. BARUA PROF. J.R. VARMAACADEMIC ASSOCIATE: MS. VAISHALI SATTAREPORT PREPARED BYGROUP 12MEENAKSHI DEOGAM M. SHYAMNIMISHA SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST, 2010 | | Effect of BP oil spill and subsequent market reaction on the assets of pension funds and
environmental issues you see in this case. BP’s negligence resulted in severe repercussions for the company, employees, and the environment. After being advised on multiple occasions of the issues concerning maintenance of pipelines, BP’s behavior in the issue of the Prudhoe Bay pipeline can be seen as unethical because it did not meet its social responsibilities/obligations to the community or its employees. Ignoring these obligations resulted in the busting of a BP pipeline that put the health and
Fracking in Denton One major problem that is seen too often in oil companies is fracking. Within the state of Texas there lies a small college town home to 120,000 peaceful civilians by the name of Denton. The County of Denton is known for its beautiful grassland, including parks, golf courses, and athletic fields, and is also home to two major universities; University of North Texas and Texas Woman’s University. What really attract people to the town of Denton is the massive amounts of gas and oil
discuss BP management, ethical and social behavior. BP along with a few of its partners Transocean and Halliburton was involved in the gulf oil spill. The explosion of the drilling rig Deepwater Horizon was the root cause of the oil spill. This paper will focus on BP organization behavioral issues that caused the economic, environmental, and human losses. The research further focuses on what BP leadership could have done as a precautionary measure using highest ethics and management behavior. BP Organization
With an astounding 84,500 employees, BP produces 3.2 million barrels of oil per day. With an estimated contribution of $359.8 billion generated by the company in economic value, it 's no . vi secret that BP makes a solid impact, but at what price? The Anglo-Persian company 's disputed and controversial beginning goes back to Persia in 1908. The global entity now has several heritage brands including: Amoco, ARCO/ampm, Sohio, Castrol and Aral. In 2014 BP devised a three-year 10- point plan focusing
numerous other areas and sectors (e.g. company-wide) in order to meet the needs of the company, customers, shareholders and stakeholders. This case study will briefly explore the importance of managing activities in today’s modern operations, and why it is critical to understand the strategic and value of operations management. We will examine the British Petroleum (BP) oil spill that occurred out in the Gulf of Mexico in April of 2010. The oil spill not only stirred many controversies but also affected
British Petroleum (BP) was originated in 1866 and is one of the main providers of oil and gasoline in the world, and the single largest in North America. The company functions in 28 countries worldwide, refining an average 2,352 barrels of oil per day. During the years, BP has had major occurrences in which their workers have been hurt or even not survived, triggering tremendous damage to the environment too. Primarily accidents started to happen during March 2005, when Texas City refinery experienced
the Case British Petroleum, now known as simply BP, is a multinational oil and gas company that is headquartered in London, England. On March 23, 2005, a series of massive explosions devastated one of the largest British Petroleum refineries located in Texas City. The blast rattled windows in downtown Galveston, 20 miles away and was even felt in Houston, 35 miles distant. Reports indicated that 15 people had been killed and well over 150 were injured, many of those seriously burned. A BP spokesperson