British Petroleum Case Study

Company overview: BP is a British multinational dynamism grass headquartered in London. The company is involved in all beas of the inunct and gas industry, including exploration, production, refining, distribution, marketplaceing, petrochemicals, power generation, and trading. BP has sales and operating revenues in surfeit of $375 trillion (in 2011) and employs over 83,000 people (Company information, 2012). BP is divided into three physical body segments: upstream, downstream, and alternative life force. In the upstream segment, the company is responsible for activities in exploration and production; midstream transportation and processing; and trading of self-generated gas. The downstream segment focuses on refining, manufacturing, marketing, transportation, and supply and trading of products to lead astray and retail customers. The alternative energy segment is committed to exploring renewable and alternative energy sources such as wind energy and other lower-c arbon resources (Company information, 2012). BP currently operates in 54 countries on half(prenominal) a dozen continents. In Africa, BP has operations in Egypt and sulphur Africa. In Asia and the midsection East, operations occur in Mainland China, Hong Kong, India, Indonesia, Iraq, Japan, and Saudi-Arabian Arabia. BPs European operations occupy France, Germany, Italy, Russia, Turkey, and the United Kingdom.

In North America, BP operates in Canada, Mexico, and the United States. Brazil (in South America), Australia, and refreshed Zealand are alike home to BP operations (Company information, 2012). Types of m arket systems: In a market economy, such as! China or France, prices for goods and services are influenced by supply and demand (Free market economy, 2010). A manage economy, found in Saudi Arabia, is controlled by the government and is, therefore, little susceptible to financial downturns and inflation (Command economy, 2010). This ordain most probably mean lower profitability. A complicated economy, such as found in the United States or Italy, occurs when businesses...If you want to shake a full essay, order it on our website: OrderCustomPaper.com

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