British Petroleum Case Study

Company overview: BP is a British multinational dynamism set headquartered in London. The company is involved in all beas of the oil and gas industry, including exploration, production, refining, distribution, commercializeing, petrochemicals, power generation, and trading. BP has sales and operating revenues in extra of $375 trillion (in 2011) and employs over 83,000 people (Company information, 2012). BP is divided into three social class segments: upstream, downstream, and alternative efficacy. In the upstream segment, the company is responsible for activities in exploration and production; midstream transportation and processing; and trading of voluntary gas. The downstream segment focuses on refining, manufacturing, marketing, transportation, and supply and trading of products to administer and retail customers. The alternative energy segment is committed to exploring renewable and alternative energy sources such as wind energy and other lower-carbon resources (Company information, 2012). BP currently operates in 54 countries on one-half a dozen continents. In Africa, BP has operations in Egypt and southwesterly Africa. In Asia and the midsection East, operations occur in Mainland China, Hong Kong, India, Indonesia, Iraq, Japan, and Saudi 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 wise Zealand are alike home to BP operations (Company information, 2012). Types of market systems: In a market ec onomy, such as China or France, prices for g! oods 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 will most probably mean lower profitability. A mix 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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