Report
Oil and Gas Report
BP Petroleum: Management style and organisational structure
Introduction
This report will be analysing the future potential of BP (British Petroleum Global) in regards to its Management style or styles while taking into account strengths and weaknesses of its organizational structure as part of a SWOT analysis of BP. The background of BP will also be briefly explored.
Background of BP
“BP 's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum”. After became the first company to ever strike oil in the North Sea, in 1959 British Petroleum acquired majority control of Standard Oil of Ohio in 1978. It then made the transition from being a majority public owned organisation to a private owed company between 1979 and 1987. British Petroleum merged with Amoco in 1998 and acquired ARCO and Burmah Castrol in 2000. From 2003 to 2013 BP was a partner in the TNK-BP joint venture in Russia.
BP describes itself as one of the world 's leading international oil and gas companies. Currently BP operates in over 80 countries and employs about 85,900 employee worldwide. As of April 2013 this multinational oil and gas company has a market capitalisation of £85.2 billion making it the fourth largest company primary listed on the London Stock Exchange with a primary listing on the London Stock Exchange “(http://uk.ask.com/wiki/BP)” BP has proven oil reserves of over 417,000 million and produces around 3.8 million barrels of oil equivalent per day. Its largest division is BP America, which is the biggest producer of oil and gas in the United States. (http://www.madeineurope.ru/BP/About-us#sthash.5xCsWOpQ.dpuf) BP’s success, some would argue, is based on its commitment to its successful model that has been tested and transformed over many years to
BP Petroleum: Management style and organisational structure
Introduction
This report will be analysing the future potential of BP (British Petroleum Global) in regards to its Management style or styles while taking into account strengths and weaknesses of its organizational structure as part of a SWOT analysis of BP. The background of BP will also be briefly explored.
Background of BP
“BP 's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum”. After became the first company to ever strike oil in the North Sea, in 1959 British Petroleum acquired majority control of Standard Oil of Ohio in 1978. It then made the transition from being a majority public owned organisation to a private owed company between 1979 and 1987. British Petroleum merged with Amoco in 1998 and acquired ARCO and Burmah Castrol in 2000. From 2003 to 2013 BP was a partner in the TNK-BP joint venture in Russia.
BP describes itself as one of the world 's leading international oil and gas companies. Currently BP operates in over 80 countries and employs about 85,900 employee worldwide. As of April 2013 this multinational oil and gas company has a market capitalisation of £85.2 billion making it the fourth largest company primary listed on the London Stock Exchange with a primary listing on the London Stock Exchange “(http://uk.ask.com/wiki/BP)” BP has proven oil reserves of over 417,000 million and produces around 3.8 million barrels of oil equivalent per day. Its largest division is BP America, which is the biggest producer of oil and gas in the United States. (http://www.madeineurope.ru/BP/About-us#sthash.5xCsWOpQ.dpuf) BP’s success, some would argue, is based on its commitment to its successful model that has been tested and transformed over many years to
References: Appendix