Although the organization is well capitalized and enjoys a global presence, its reputation has constantly been at stake following several fines related to environmental pollution and inadequate maintenance of equipment and facilities. The company has also been accused of ranking poorly in terms of upholding human rights according to some quarters. In view of the company’s business environment, it may well be concluded that the company has a bright future although it needs to make certain adjustments to continue achieving astronomical growth. The research and findings of this report are based on information drawn from a range of reputable secondary sources including the company’s website.
BP Oil Limited, formerly known as British Petroleum Incorporates, is a private limited company whose country of origin is the United Kingdom (British Petroleum, n.d). Incorporation on 20th December, 1947, the company has been in existence for close to 63 years and has achieved significant growth economically and in terms of global presence. With its headquarters located in St James’s, London, BP Oil Ltd ranks among the largest privately owned energy corporations globally.
In fact, the company is among the six “supermajors” as it deals in natural gas, oil exploration, and marketing of petroleum products. The multinational organization is currently listed on the London Stock Exchange and features among the 100 most highly capitalized companies in the United Kingdom (FTSE 100) (British Petroleum, n.d). Its capitalization was approximated at 119,039 million Euros as of October, 2009.
As a result of the merger between BP Plc and Amaco in 1998, the company has continued to sell Amoco brands in the United States to-date. This is primarily due to the fact that Amoco gasoline brands have been rated by consumers as among the best in the market for close to 16