Solution
Dilpreet answered on
Feb 23 2021
Educational COMMUNITY STAKEHOLDERS
British Petroleum
Mark A. Ellison, Ruben Gomez
Ashley Sheffold, Gresa Rexhepi
Michael Cleveland
INTL 500
March 1, 2020
Dr. Craig Shoemaker
1
introduction
Introduction
Good Evening I’m Mark Ellison and this is our group presentation about British Petroleum (BP). Our other group members include Ruben Gomez,
Ashley Sheffold, Gresa Rexhepi, and Michael Cleveland. For the past six weeks as part of our group project, we have been researching and writing on various aspects of the BP corporation. Since its founding in 1908 by William D’Arcy, BP has grown from a struggling upstart into a diversified international conglomerate. Today, BP is the 5th largest gas and oil company in the world. According to BP’s 2018 Annual Report of the company, BP is cu
ently operating in nearly eighty countries with a production of around 3.7 million ba
els per day of oil and the total reserve to date was calculated to be 19.945 billion ba
els (p. 2). The company is working in many countries, in addition to the United Kingdom, like the United States, Egypt, Russia, Australia and many more.
Through my portion of our presentation, I will present a
oad overview of BP. My goal is to sketch the
oad strokes of the company while leaving the fine print to Michael, Ruben, Ashley, and Gresa to fill in as they
ief their portions of our group presentation.
Mission
The mission of BP is to: “provide customers with fuel for transport, energy for heat and light, power for industry, lu
icants to keep engines moving and the petrochemicals products used to make everyday items such as paints, clothes and packaging” (British Petroleum, 2018, p. 4). From the deep sea to the desert, from rigs to retail, BP delivers energy products and services to people around the world (British Petroleum, 2018).
Values
Like all major corporations today, BP is a values-based organization. Although many of the values and the code of conduct were in place before the 2010 Deep Water Horizon oil spill in the Gulf of Mexico, the company has placed a renewed emphasis on these entities post-spill. Today not only does the company employ a zero tolerance policy in regards to violations of their code, they also expect anyone doing business with BP to comply with their code. Finally, through their codes of conduct, BP and other like MNC’s are transplanting home country law into the local marketplaces were they are operating. In the case of BP, they are transplanting EU law globally.
Brands
British Petroleum: Since the 1920s, the BP
and has grown. Today the BP
and is recognized worldwide for quality gasoline, transport fuels, chemicals and alternative sources of energy such as wind and biofuels.
Castrol: Under the Castrol
and which are trusted for their high performance and quality by manufactures, drivers and riders, BP produces lu
icants for automobiles and moto
ikes. In addition, Castrol also makes lu
icants for many other applications on land, sea and in the air.
Aral: Is Germany’s leading fuel
and marketer and the country’s third-largest fast food retailer. Every day more than 2.5 million customers visit an Aral service station to fill up on Aral-
anded fuels and lu
icants, wash their vehicles, or buy high-quality food and drink on the go.
AMPM: . With around 950 outlets across five states on the U.S.’s Pacific coast – from southern California to north Oregon – AMPM is a popular highway retail-and-rest
and with motorists.
Amoco: BP acquired Amoco in a merger in 1998; overnight, the two companies combined U.S. operations became the largest producer of both oil and natural gas in the U.S.
Wild Bean Café: A global retail chain with many locations attached to BP gas stations, Wild Bean offers good food and high-quality coffee for motorists in the UK and mainland Europe, Australia, South Africa, China and Russia.
Portfolio
As a MNC operating on a global scale BP has a diversified portfolio that spans the energy sector, resource types, geographies, and businesses. Through their upstream, downstream and renewables businesses, along with well-established trading capabilities, helps BP to meet the dual challenge they face today for more energy while reducing emissions through their “reduce, improve, create” framework. Additionally, BP’s diversified portfolio helps the company to mitigate the impact of commodity pricing cycles.
Global Citizenship
As previously mentioned, BP and other MNC’s transplant their home country law into the areas where they operate through their codes of conduct. However, there are many other aspects to BP as a global citizen, the first of which is value to society. In this regard, BP acts to have a positive and enduring impact in the communities where they operate. This can take on many forms, which can include the number of...