Ethical Issues and British Petroleum Essay

Words: 2299

Pages: 10

Open Document

TOPIC:

THE CURRENT CHALLENGES FACING (BP) IS UNPARALLELED.THAT IS AN ETHICAL CRISIS IS UNCHALLENGING.BUT IS IT REALLY A CASE OF THE OIL INDUSTRY? BEING AT FAULT? IS IT REALLY A REGULATORY ISSUE?

BRIEF INTRODUCTION OF BRITISH PETROLEUM …show more content…
The ethics of a particular business can be diverse. Many business have gained a bad reputation just by being in business For example like the issue of oil companies polluting the environment and putting other peoples life in a health risk .Businesses are interested in making money and that is the bottom line. This could be referred to as CAPITALISM in its purest form. To make money is not wrong in itself but it is the manner in which some businesses conduct themselves that brings up the question of Ethical behaviour. Every organisational setting should have a good business ethics that guide all activities of the company .There must be written code of principle and values that governs the action of the people within the company. Company and business people who wish to strive long-time must adopt sound decision making practice.

BP AND ITS EHTICAL LASPSES

As oil continues to rise to the surface in the Gulf of Mexico, BP public reputation continues to fall. Its name is becoming synonymous with this environmental disaster much in the way that Exxon’s name was tainted in the wake of the Valdez tanker Catastrophe in 1989.This is especially ironic given the recent effort that BP has made to brand itself as a “green company “that balances oil and gas exploration with the

Essay about British Pertroleum

British Petroleum British Petroleum (BP) is a multi-national oil and gas corporation based out of London, England that, in 2013, ranked fifth in revenue among the world’s largest international corporations. They currently operate in over 80 countries worldwide, with operations producing approximately 3.9 billion barrels of oil annually, controlling around 18,000 gas sites and employing nearly 84,000 people. In 2013, these stats led to BP walking away with an astonishing annual revenue of $24 billion…

Words 835 - Pages 4

BP Final Paper

BP is one of the world's leading international oil and gas companies. BP once called British Petroleum and the Anglo- Persian Company has transitioned and went through many rebranding techniques to try to reposition itself to its stakeholders. British Petroleum changed its name to BP then Beyond Petroleum to try to focus its business values on the environmental issues that have come about due to previous issues. BP provides customers with fuel for transportation, energy for heat and light, lubricants…

Words 3260 - Pages 14

Marketing Ethics Case Study

1187662 Table of Contents 1. Background 2 2. Ethical issues 2 3. Stakeholders 4 4. Stakeholders analysis 6 5. Recommendations 7 6. References 10 1. Background In this age, the development of the world can not without oil. British Petroleum (BP) is the largest energy cooperation on our plant. From 1917 to today, BP plays many different roles…

Words 1970 - Pages 8

Essay on Assigment 1

global group, with interests and activities which cover three main business segments of Exploration and Production, Refining and Marketing and Gas, Power and Renewable. In today’s oil and gas hypercompetitive business environment, social and ethical issues stem from the perception of stakeholders. However, primary weakness can be that BP has been involved in various significant accidents regarding its operations. Weak management is one of the key reasons to affect the company that can be control…

Words 1644 - Pages 7

BP Group Project 1 Essay

The British Petroleum Oil Spill Disaster The British Petroleum Oil Spill Disaster Letter of Transmittal October 8, 2012 British Petroleum Board of Directors 124 Success Road Fullerton, CA 92340 Ladies and Gentlemen of the Board, After an in-depth analysis of the Oil Spill of April 2010 we have prepared for you a communication strategy analysis containing the background facts, current situation and future recommendations for further action. It has been a pleasure to serve you…

Words 2118 - Pages 9

Essay BP and International Energy

continues to maintain and grow its market share in energy production. This paper will address environmental concerns and international energy consumption as it pertains to BP’s global reach for market share. Global Energy BP also known as British Petroleum, has had to adapt its business plans, to fit in the ever changing global energy competition. BP must grow to meet global demands for energy while balancing economy, ecology and ethics. Different global customers will require different strategies…

Words 1075 - Pages 5

Ethics - British Gas Essay

say that since branding itself an environmentally sound corporation with the "Beyond Petroleum" tagline in 1997, BP has been hit with a number of fines for major pollution incidents. What does BP say? BP states that it recognises the significant environmental and social challenges faced by the world in the 21st century. It believes it can, and should, play a part in addressing and resolving many of the issues associated with sustainable development. It also accepts that while the company can…

Words 1402 - Pages 6

Deepwater Horizon Essay

UNIVERSITY OF DETROIT,MERCY Research Memorandum BP Deep Water Horizon Oil Spill Jerome-Paul Monti MBA 5100-01: Legal Environment BACKGROUND/ANALYSIS On April 20, 2010, the Mobile Offshore Drilling Unit (MODU) British Petroleum DEEPWATER HORIZON was dynamically-positioned at location 28o-44’ North 088 o-21’ West in the Mississippi Canyon Block 252 of the U.S. Outer Continental Shelf (OCS). The MODU was performing drilling operations on the Macondo Well, which had been previously started…

Words 2513 - Pages 11

Management Essay example

in the restaurant business for as long as most of us can remember. It has achieve around the globe, but not without overcoming a fair amount of challenges in its pursuit of the title “King of Fast Food”. The basis for the entire business is ethical, truthful and dependable. It takes time to build reputation. McDonald’s has developed a successful strategy for operating their fast-food enterprise across the globe. This strategy has been one that is developed based on existing operation as well…

Words 3073 - Pages 13

OPEC Oil Economic Development and Research Paper

The Organization of Petroleum Exporting Countries (OPEC) was crafted in 1960 ideally to unify and protect the securities of petroleum-producing countries. It is essentially an oil cartel whose operations affected the world and the oil industry to this day. OPEC's objective is to co-ordinate and unifies petroleum policies among Member Countries such as Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, The United Arab Emirates, Algeria, and Nigeria. Rauscher 14) they were created…

Words 6595 - Pages 27