BP and its Corporate Social Responsibility.
BP is a British multinational corporation. It is a multinational oil and gas corporation and has its headquarters in London. According to market size, it is the fourth largest company and the third largest energy producing company in the world. It is vertically integrated and it majors in oil and gas industry. The name BP is the initials of the company’s former legal names, British Petroleum.
BP is widely located in the globe. It has its operations in over 80 countries and has a production of3.8 million barrels of oil. It has world wide service stations of approximately 22,400 in number. The largest division is BP America, which happens to be United States’ largest oil and gas producer, headquartered in Houston, Texas.
Of late, BP has had mishaps in form of major environmental and safety incidents. It ahs also received criticism due to its political influence. It was the first major oil company in 1997 to acknowledge the need for climate change. In the same year, BP established a policy that saw the reduction in the emission of greenhouse gases. It currently invests a large sum of money to invest in renewable gases in the period between 2005 to 2015. BP is also responsible for the largest marine oil spill accident in the petroleum industry.
Operations of BP
Exploration and production division is solely responsible for discovery of oil, its production and its ultimate transportation of oil and gas to the market. BP operates in an estimated 30 countries and it employs 20,000 or more people.
Refining and marketing division handles the supply and trading, oil refining, the marketing strategy and the transportation of oil and its products to the destined markets.
Air BP is a BP division that deals with provision of aviation fuel, lubricants and services.
BP shipping engages in the provision of logistics that move BP’s oil and gas cargos to the destined market. It manages a large vessel fleet that are held on long...