Are There Any Aspects of Bp’s Ethical Culture That Could...

BP Gulf Coast Disaster and Recovery INTRODUCTION BP, formerly British Petroleum and the Anglo-Persian Oil Company, has experienced a lot of ups and downs over its hundred-year history—from nearly bankrupting its founder William D’Arcy to becoming one of the world’s largest energy companies. BP has also experienced its fair share of controversies regarding business practices, environmental damage, and hazards to workers. It and all other large energy companies have come under fire for releasing huge amounts of greenhouse gasses into the atmosphere. For some time, BP has attempted to turn a page in its history book toward a more environmentally-friendly future through investments in renewable energy and a support of ethics and compliance†¦show more content†¦Simply moving equipment to the site had been a monumental task that could take months. To facilitate transportation of the oil, BP started building a pipeline through the area, and many of the necessary supplies had to be shipped from th e United States. In a time before paved roads, everything had to be hauled through the sand using manpower and mules. Because of the difficult mountainous terrain, the pipeline project took over two years to complete. The huge scope of the undertaking drew workers not only from nearby Arab countries, but also from India and China—all of whom were seeking work in helping to build the largest refinery in the world. By 1914, BP was about to go bankrupt again. The company had a lot of oil, but demand for that oil was low. In 1914 the automobile had not become a mass-market product yet, and companies in the New World and Europe had first-mover advantages in the industrial oils market. An even worse problem was the strong smell of Persian oil, which eliminated it from the heating and kerosene lamp markets. Winston Churchill, the British’s First Lord of the Admiralty, changed all that. He felt that the British navy, which was the envy of the world, needed a reliable and dedic ated source of oil. Oil executives had been courting the navy for some years, but until Churchill, commanders had beenShow MoreRelatedBp Deep Water Horizontal Explosion3148 Words   |  13 Pagesfrom a British petroleum company founded in 1909. After experiencing crises during the 1980s-1990s, the company started to have a cost cutting culture. During mid-1990s, with an aggressive growth strategy, BP started to grow and reposition. After BP merged with Amoco in 1998, John Browne started to serve as chief executive until May 2007. Browne repositioned BP as a â€Å"green† oil company after he took over and practiced the model of organizational decision-making strategy, known as â€Å"asset federationRead MoreBp Sustainability Essay28986 Words   |  116 Pagescom/sustainability 2 A letter from our group chief executive / 4 How BP is changing 6 Gulf of Mexico oil spill / 14 How we operate / 22 Energy future 30 Safety / 34 Environment / 38 Society Within hours of the Deepwater Horizon accident, BP teams were working to stop the leak. We also acted to minimize the spill’s impact on the environment by containing, removing and dispersing oil offshore, protecting the shoreline and cleaning up oil that came ashore. And we worked with wildlife groups to develop rescue andRead MoreInternational Management67196 Words   |  269 PagesThis page intentionally left blank International Management Culture, Strategy, and Behavior Eighth Edition Fred Luthans University of Nebraska–Lincoln Jonathan P. Doh Villanova University INTERNATIONAL MANAGEMENT: CULTURE, STRATEGY, AND BEHAVIOR, EIGHTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright  © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions  © 2009Read MoreHbr When Your Core Business Is Dying74686 Words   |  299 Pageshydrocarbons. And yet , eve of raw resources import n regions with plenty some form of energy. Saudi Arabia, for examp le, the world’s largest oil exporter, imports ref ined petroleum produc ts like gasoline. So if energy independence is an unrealistic goal, how does everyone get the fuel a world of rising demand they need, especially in , supply disruptions, nat ural disasters, and unstable regimes? True global energy sec urity will be a result of cooperation and engage ment, not isolationism When investment