BP Essay

BP History Mentioned in the previous page, BP was founded in 1901 by William D’Arcy. The early developmental stages of this company involved scouting the Middle East for oil sources, facing the complications of war, competing with other major oil companies at the time, and changing to accommodate with the changing of technology and times. (“www.bp.com,” n.d.). “To find oil in Persia, George Reynolds and his caravan of explorers had lived through seven years of harsh heat, gastric illnesses and

responsible (De George, 2015). Ethics and social responsibilities are evident with British Petroleum’s handling of the Deepwater Horizon spill in 2010, and Toyota Motor Corporation’s attempt to create an eco-friendly vehicle. Utilitarianism was exhibited by BP and moral idealism was Toyota’s motive to produce environmentally green vehicles. British Petroleum redesigned their name to make it more environmentally friendly, it was changed to Beyond Petroleum, which professed their focus on renewable energy

The e Deepwater Horizon oil spill at the Macondo well began on April 20, 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect. An explosion on the Deepwater Horizon drilling rig on 20 April 2010 killed 11 people and caused almost 5 million barrels of oil to flow into the Gulf of Mexico. The spill covered 68,000 square miles of land and sea and triggered a response effort involving the use of nearly 2 million gallons of dispersant chemicals (Pallardy). Considered the largest accidental

Deepwater Horizon was not owned by BP, but leased through a company called Transocean. Transocean is understood to be one the largest offshore drilling contracting companies in the world. With BP leasing the equipment from Transocean, it cost an estimated $533,000 a day. Many would come to believe that the costly daily expense would also be the reason BP overlooked issues such as not having enough centralizers. The machine was designed to operate with 24 with only six on hand BP would soon make a decision

critical when a business has is known globally with holdings and operations around the world. Such is the case with British Petroleum (BP) as it actively explores for oil in 26 countries around the world. BP is renowned as an industry leader in oil production and the refinement of oil related products such as gasoline, kerosene and motor oil products. In 1999, BP acquired American Oil Company, also

Iranian government in 1953 to regain control of oil in Iran. AIOC became the British Petroleum Company (BP) in 1954 after a holding company Iranian Oil Participants (IOP) brought Iranian oil back to the western market. BP expanded into Canada, Libya and the United States by buying out existing companies and was the first oil company to strike oil in the North Sea. Known for its risky business ventures, BP quickly became the world 's third largest oil company by acquiring other oil companies such as the

Introduction: BP oil spill which is also called the deep water horizon spill have become one of the largest oil spill in the history that began on 20 April 2014. There was discharged of 4.9 million barrels of oil i.e. in the floor of the gulf of Mexico which caused the death of 11 lives, 6104 birds and also the sea turtles as well as the 100 dolphin .likewise, it also affect several wildlife’s .This disaster have wiped nearly about $40 million from the market value of BP’s and also in may 2010,

Business and Society Introduction The Anglo-Persian Oil Company which is now known as British Petroleum (BP) was founded in 1909 and is one of the world’s leading international gas and oil companies. The multinational British company’s headquarters is located in London, United Kingdom and is one of the five largest oil companies in the world. The pioneer of the Middle Eastern oil industry, BP discovered oil in Iran before World War I and eventually became involved in all aspects of the oil industry

Chevron Background Chevron is a publicly traded company on the New York Stock Exchange. Their stock symbol is CVX. Chevron is in the business of oil and gas and was founded in 1984 as the Chevron Corporation. Chevron’s headquarters is in San Ramon, California and they serve on a multinational level to over 180 countries world wide. This makes Chevron the fourth largest petroleum company in the world. In 2015 Chevron had grossed revenue of about 130 billion dollars with a net income of 4.58 billion

References Du Pre, A. (2005). Communicating about health: Current issues and perspectives (2nd ed.). Boston: McGraw Hill. http://www.bp.com/en/global/corporate/about-bp/1996-2013/our-history/history-of-bp/early-history.html‘Portrait in Oil, An Illustrated History of BP’, by Berry Richie, (James & James, 1995). Sallee, A. & Forrest, S. (2005). Effective communication and conflict resolution. In Contemporary nursing issues and trends (3rd ed.). St. Lo