Bp, PLC

british petroleum (BP ) PLC

2007 British Petroleum (BP ) PLC

Introduction

Few weeks ago , there was a global forum in Bali - Indonesia dealing with the discussion of global warming , resulting from overuse of fuel energy that present too much carbon dioxide (CO2 ) and mismanagement of logging . The global forum also indicated the need for developing mass alternative fuels to run vehicles and plant machineries

The situation suggests , in spite of the forum result , that energy business presents potential profits since individuals and businesses need it and the demands never decrease . In

facts , the demands for energy continue rising every day

Unfortunately , the world faces a kind of shortage of oil and electricity . The world 's energy production is currently generated by oil (40 , natural gas (22 .5 , coal (23 .3 , Hydroelectric (7 .0 Nuclear (6 .5 ) and others (0 .7

As stated , we are still very much dependent to fossil fuels . Without this specific form of energy source , our industrialized world supported by modern agriculture , transportation , waste collection , communication and information technology would certainly collapse

For oil exploration provider , the condition suggests that they should provide many kinds of energy alternative that one day will replace the use of fossil fuel . Some energy alternatives are the fuel cell technology , hydrogen fuel , methanol , bio fuels , solar energy , tidal energy and wind energy

Concerning the energy business , this will discuss about BP plc , a UK-based company that provide energy for retail and business customers including energy for heat , petrochemical , and retail services . Due to the increasing demands for energy alternatives , the company also set up three segments : Exploration and Production Refining and Marketing and Gas , Power , and Renewable . Furthermore , this will discuss about the strategic analysis , SWOT analysis , financial analysis , and recommendation of their strategy

BP Background

British Petroleum was originally a company built by Iranian royalties Its original name was AIOC (Anglo-Iranian Oil Company . The company has origins as far as the early 1900 . The British took over of the company along with most of the oil business in Iran within the 1950 's . They turned the name into British Petroleum and practically made it an icon of British hold over the Iranian oil . BP continued its operation in Iran until the Islamic Revolution in the end of 1970 's . BP 's assets were then confiscated without any compensation , but due to its huge investment outside of Iran , the company survived the destruction of its business in Iran

BP expanded overseas to the United States and purchase several oil companies and facilities , including the Valdez oil terminal and the Standard Oil of Ohio . The company experienced privatization and several downsizing processes afterwards , and after the acquisition of Amoco in 1998 , ARCo and Burmah-Castrol in 2000 , BP became the second largest independent oil company in the world

The company experienced several obstacles and even disasters to get to its current position in the world , namely the explosion of BP 's Texas City Refinery in 2005 , the leak in BP 's pipeline...