British Petroleum
Contents
1.0 Introduction 2
2.0 BP the company 2
2.1 Political Factors Affecting BP Oil Production 2
2.1.1Libya 2
2.1.2 Egypt 3
3.0 Economic Factors Affecting BP Oil Production 4
3.1 UK VAT Increases 4
3.2 Increasing Oil Prices 4
3.3 Reduction in World Oil Consumption 5
3.0 Environmental Factors Affecting BP Oil Production 5
4.0 Conclusion 6
5.0 Bibliography 6
Brian Vanhinsbergh-Perez
Business andthe Environment
The External Environment
3 Most Significant PESTEL Factors Affecting BP
1.0 Introduction
This report will investigate the three most prominent external PESTEL factors which face BP (Beyond Petroleum). The report will provide a detailed look at how these factors affect the business, and explore the reasons behind them. Finally this report will make conclusions based on these findings.
2.0 BP the company
BP is one of the world 's leading oil companies on the basis of market capitalisation and proven reserves. Its main businesses are Exploration and Production, Refining and Marketing, and Chemicals. Exploration and Production 's activities include oil and natural gas exploration and field development and production, together with pipeline transportation, natural gas processing and gas and power marketing. The activities of Refining and Marketing include oil supply and trading as well as refining and marketing. Chemicals activities include petrochemicals manufacturing and marketing. In addition, the Company has a solar energy business which is one of the world 's largest manufacturers of photovoltaic modules and systems. ‘Multinationals such as Shell and BP experience great complexity, operating across diverse political, legal and cultural systems’ Boddy (2008)
2.1 Political Factors Affecting BP Oil Production
2.1.1 Libya
Political unrest in countries such as Libya and Egypt in addition to the unstable environment within the Middle East, have had significant influence on the price of oil. In 2007 BP invested
1.0 Introduction 2
2.0 BP the company 2
2.1 Political Factors Affecting BP Oil Production 2
2.1.1Libya 2
2.1.2 Egypt 3
3.0 Economic Factors Affecting BP Oil Production 4
3.1 UK VAT Increases 4
3.2 Increasing Oil Prices 4
3.3 Reduction in World Oil Consumption 5
3.0 Environmental Factors Affecting BP Oil Production 5
4.0 Conclusion 6
5.0 Bibliography 6
Brian Vanhinsbergh-Perez
Business andthe Environment
The External Environment
3 Most Significant PESTEL Factors Affecting BP
1.0 Introduction
This report will investigate the three most prominent external PESTEL factors which face BP (Beyond Petroleum). The report will provide a detailed look at how these factors affect the business, and explore the reasons behind them. Finally this report will make conclusions based on these findings.
2.0 BP the company
BP is one of the world 's leading oil companies on the basis of market capitalisation and proven reserves. Its main businesses are Exploration and Production, Refining and Marketing, and Chemicals. Exploration and Production 's activities include oil and natural gas exploration and field development and production, together with pipeline transportation, natural gas processing and gas and power marketing. The activities of Refining and Marketing include oil supply and trading as well as refining and marketing. Chemicals activities include petrochemicals manufacturing and marketing. In addition, the Company has a solar energy business which is one of the world 's largest manufacturers of photovoltaic modules and systems. ‘Multinationals such as Shell and BP experience great complexity, operating across diverse political, legal and cultural systems’ Boddy (2008)
2.1 Political Factors Affecting BP Oil Production
2.1.1 Libya
Political unrest in countries such as Libya and Egypt in addition to the unstable environment within the Middle East, have had significant influence on the price of oil. In 2007 BP invested
Bibliography: Boddy, D, (2008), Management an Introduction 4th Edition, Essex: Pearson Education Limited http://seekingalpha.com/article/254295-libyan-unrest-could-affect-bp-oil-production[Accessed 19 March 2011]