Chevron : An American Company From Texas Called Chevron

In the era of capitalism and fierce corporate rivalries, the agenda for any major corporation is likely to prioritize profits over social problems such as environmental degradation. An example that sheds light on the conflict between human interests and environmental responsibility is the controversial approval of the oil drilling in the Northern Slope region of Alaska and the drilling that has already

One famous example of pollution is the Deepwater Horizon oil spill. It happened in the Gulf of Mexico and it is the largest oil spill in United States history. It was caused by a BP oil well explosion. This was said to have happened because the managers misread pressure information and replaced drilling fluid with ocean water. According to the co-chair "there was not a culture of safety on that rig".

Some of the American companies venturing abroad also play a part in the poisoning of the environment. The United States regulates pollution control through the Clean Air Act and Clean Water Act and hold companies liable for violating these

The two of the biggest commodities in Louisiana are the fish industry, and the oil industry. As the oil industry began to grow, BP’s power started to grow in Louisiana. This provided jobs for Louisiana residents and put food on the table. BP started by drilling in about twelve feet of water, but as technology grew they pushed out to deeper depths. By the 1970s, BP was one of the top oil companies in the area, taking the biggest risks by drilling the deepest. By taking this risk, it produced massive profits for BP. It also produced the worst safety records from an oil company ever recorded. Over the years, BP’s safety record results became worse. Furthermore, BP changed their image and renamed their company to Beyond Petroleum, trying

Exxon Mobil is a combination of two of the United States’ oldest oil companies: Jersey Standard and Vacuum Oil Company. These companies are 2 of the 34 oil companies that Standard Oil was broken up into after the 1911 Supreme Court decision that ended John D. Rockefeller’s trust. The Standard Oil Company of New Jersey v. United States case decision was made after the court deemed the Standard Oil Company’s monopoly on oil businesses unnecessary and in violation of the Sherman Antitrust Act. The name Exxon Mobil is devised after Jersey Standard changes its name to the Exxon Corporation in 1972 and also when Vacuum Oil Company changes its name to Mobil Oil Company in 1966. After being split for 88 years, the two corporations finally merge to become the Exxon Mobil Corporation on November 30, 1999. Based in the United States, the corporation is known around the world by the following three brands: Exxon, Esso, and Mobil. Esso was created by Jersey Standard in 1926 when the company releases a new blend of fuel; the name features the initials of their former company Standard Oil. Ten years before the merge, Exxon’s ship in Prince William Sound, Alaska, the Exxon Valdez faced a terrible oil spill in Alaska on March 24, 1989. Although the company claimed responsibility for their action and quickly cleaned up their mess, should Exxon Valdez done more or did they do enough to compensate for their mistake (ExxonMobil)?

This paper examines the relevant theory that explains public disclosure by big corporations in disclosing corporate mishaps that has environmental, social and economic consequence. We look at Deepwater Horizon in particular and its disclosure by BP.

They conduct oil drilling in South America and Asia and process the crude oil to provide valuable petroleum by products which are not only sold in the country but on the international market. The trouble with this company is the way it disposes its waste. There were reports of dumping industrial waste on water bodies near the factories in the overseas plants as the environmental laws are not very regulated in these host nations. In both scenarios for the first and second companies, they are likely to not face legal charges even though these are clear ethical violations of their mandate in producing goods needed by the market. However, their social outlook is going to suffer quite a bit as the public is going to continue to associate the corporations with the ugly side of corporate culture which may ultimately affect their sales and client

There are a number of contemporary issues affecting today’s companies and relevant stakeholders that can be derived from the Deepwater horizon oil spill incident. The most notable contemporary issue is pollution; the incident resulted in 4.9 million barrels of oil

When a person thinks of BP they image a green gas station and gas pumps. But BP has over 100 years of history behind it. BP was formally known as British Petroleum and the Anglo-Persian Oil Company. It was founded in 1908 by William D’Arcy, a rich British man who invested all his savings in his quest for oil in the Middle East. At the time BP was committed to protect the environment and took necessary steps to research areas where they would likely be drilling for oil to minimize habitat disruption and protect the area. But as competition in the area heightened, and shares of the

With very little regard to the people affected and the effects of oil drilling, the money at stake is so vast that human rights and environmental destruction is merely a regrettable necessity for enormous profits. Ecuador’s rainforest houses half the earth’s species, has four national parks and is home to a group of indigenous people. Nevertheless, this alone is not enough to stop China from drilling to compensate the billions of dollars owed to them. Oil extraction companies have disposed drilling waste which is often found in waterways. Pipelines can bust or leak and cause harm to the rainforest, ancient tradition is loss, wildlife is disrupted, and the ecosystem is affected. These are just some of the reasons why oil extraction is harmful to the environment as well as the people in the rainforest. Drilling should not be considered if it causes harm in any form.

In the world we live in today there is an environmental issue that we face with big oil companies, in which they are contaminating nature, and weakening the regulations that are set forth by the government. By doing this they are undermining the general population and taking advantage of their profits which is completely unacceptable, especially for such a large company like British Petroleum (BP). With Oil being a natural resource that is available to mine/pump by anyone who strikes it, BP is doing so for self-interest and neglecting the total effect that it has on society and the climate. No, BP is not the only company out there with stake in the oil business however, with them being one of the larger oil companies they should set a precedence for others. Pumping oil has a large impact on the environment and it is starting to affect humans and animals alike. The company has had multiple negligent instances to which they have caused a disaster, one being the Deep Water Horizon incident. When such incidents occur, the food chain as a whole is being affected because the shortcuts that are taken to bypass the guidelines that are put in place. As a result of the complete negligence for the laws and regulations, the lively hood of livestock, sea life and also the very air we breathe is being polluted.

Occidental Petroleum Corporation (OXY) is a three segments exploration and manufacturing oil and Gas Company; they operate in the United States, Middle East, North Africa and Latin America (Oxy, 2013). 1920 is when the company first came about operating in the state of California, the company is now headquartered in Houston, Texas. Occidental Petroleum has several divisions that are capable of, cultivating, and producing oil and condensates, natural gas liquids (NGLs) and natural gas. The chlor-alkali products and vinyls are all produced in the chemical division. All of the day-to-day operations are handled in the third division, such as gathering, processing, transporting, storing, and purchasing Occidental Petroleum products.

Even though words cannot do justice in emphasising the massive effect Multinational corporations such as this one have globally, their injurious actions are affecting the environment from all directions as well as aspects of our day-to-day life, something as simple as breathing clean air. Diminishing the finite sources available in a certain areas, they are able to pack their bags and move to another place, leaving many of its workers jobless.

A significant case of corporation vs. country was the case between El Salvador and Pacific Rim mining company. In 2009 Pacific Rim agreed to terms with El Salvador to mine certain parts of the land in an eco-friendly. In the following years over 90% of El Salvador’s water

Development projects by corporations have been criticized for damaging the environment, even when they are claimed to helping it. Consequently, financing to such projects has been discouraged due to their impact on the environment. For example, in the 1990s the United Nations (U.N.) engaged corporations in sponsorship and collaboration to encourage support for human rights, development projects, and the environment. However, the projects were criticized because the U.N. incorporated organizations that were known to have caused severe environmental damages and human rights breaches (Bansal & Roth, 2000). The projects thus gave the companies the chance to repair their damaged images, while not practically solving the problems. Multinational corporations have contributed to rise of environmental problems. For example, the Nigeria oil extraction processes have resulted into adverse environmental impacts. Further, corporations have even supported the military to harass citizens who tend to oppose environmental destruction.