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Essay example - BP Case Study: Investment Proposition
Finance & Accounting
Pages 6 (1506 words)
BP Case Study: Investment Proposition Table of Contents Table of Contents 2 BP Overview 3 Timeline 3 Deepwater Horizon incident 4 Financial impact on BP 4 Reasonable compensation by BP 6 Reaction of financial market to BP’s involvement in price-fixing scandal 7 REFERENCES 8 APPENDIX 9 BP Overview BP is the one of the world largest international company dealing in gas and oil…
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They are operating in more than 80 countries with 15 refineries generating 2354 thousand barrels of oil per day. The company has recorded a sales and other operating revenue figure of $375,765 million. They follow a business model that creates value across the value chain of hydrocarbon. This process starts from exploring and ends in supplying energy and other stuffs necessary for the everyday life. The operation s and projects undertaken by BP helps in generating the investment, employment and tax revenue for the communities and countries present all over the world (BP Plc., 2013a). Timeline April 2010 Deepwater Horizon incident that causes massive oil spill in the Gulf of Mexico July 2010 Natural gas activities at Canada, British Columbia and Alberta were sold to Apache Corporation. Massive divestment plans were undertaken by the company in order to compensate the liability caused by the accident January 2011 BP and Roseneft enter into a joint deal to develop East-Prinovozemelsky field. February 2011 BP enters into partnership with Reliance Industries May 2011 Wytch Farm onshore oilfield was sold to Perencho December 2011 The liquid natural gas business of Canada was sold to Plains All American Pipelines LP and fractionation plant present in other locations. March 2012 Sold assets of North Sea gas to Perenco. ...
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