BP Financial Analysis

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BP Financial Analysis

Introduction

British petroleum is regarded as one of the top tier petro-chemical company leading the international market with its name and prior performance in the industry. The financial pundits and market analysts termed BP as a blue chip company which provides the finest petroleum products to its customers. In the oil and gas industry, British Petroleum is a public listed company founded in 1909 under the name of Anglo Iranian Oil Company headquartered in London (Bergin, 2011). The company is following a successful business model which depends upon three major pillars:

Integration

Technological advancement &

Developing Relationships

British Petroleum starts exploring oil reserves throughout the world having sales revenue totaled to $375,516 Million with a dedicated workforce of around 83,400 employees managing the huge network of 21,000 retail sites and more than 15 oil refineries throughout the world and is able to refine approximately 2,400 barrels oil per day.

Compliance with law and ethics is applicable to all even if they are the employees or the company directors. All employees will have to comply with the Code of Conduct, which illegitimate, corrupt or immoral practices and prohibits high demands honesty.

Continuous improvement: to constantly pursue the group values ??by setting targets and encourage our employees.

Internal objectives: to set realistic targets in the group plan. The achievement of these objectives will be reported internally and in a timely and transparent manner analyzed, with progress and variation easily understood.

Risks: through the group plan progress to ensure a balanced approach to risk, value and innovation. The employee may be his or her own views on risks not have precedence over those of the group plan.

Size and Structure of the Company

BP is leading the industry with its professional mind set and able management, therefore the company is having a huge size and structure. With a workforce of around 84,000 managing the network of BP all around the world the company is extending its revues and developing new horizons of opportunities. The company is on the view to expand its size in the Asian region also and keeping in view the potential in the Asian market BP is investing a lot of money in acquiring Oil refineries.

The structure of the company is designed in such a manner that it follows the successful business model which becomes a key ingredient to achieve the desired objectives, with the able leadership and strong motivate cabinet decisions are taken in the favor of business with a view to explore new horizons.

Business Profile

British Petroleum has had its rights to extract oil in the UAE since 1939. They hold 9.5 percent of Rights, and share them with four other western oil companies and the state Abu Dhabi National Oil Company. BP extracts 125,000 barrels of oil in the UAE every day, a volume that is remarkable 3.5 percent of BP's total daily production of oil. UAE is the world's fifth largest oil exporter and the country has been BP's headquarters in the Middle East, since the company was ...