A financial Analysis of BP within the oil industry, including effects from the recession on BP and the industry including other relevant factors

By

ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

Signature:

Date:

Table of Contents

ACKNOWLEDGEMENTii

DECLARATIONiii

CHAPTER 01: INTRODUCTION1

Background of the Study1

Scope of the Research1

Limitations and Assumptions of the Research2

Rationale for Research2

CHAPTER 02: LITERATURE REVIEW4

CHAPTER 03: METHODOLOGY5

Research Design5

Rationale for a Quantitative Study6

Search for empirical information7

REFERENCES8

CHAPTER 01: INTRODUCTION

Background of the Study

British petroleum, British Petroleum, is an energy company, engaged primarily in the oil and natural gas business, which is based in London, United Kingdom. It is one of the largest companies in the world and the third largest firm dedicated to oil and gas after ExxonMobil and Royal Dutch Shell. British Petroleum oil spill in the Mexico Gulf is the largest and worst ever oil spill accident in the history of petroleum industry. The oil spill started on April 20, 2010 in consequence of Deepwater Horizon drilling rig flare-up which killed eleven people and injured seventeen others. So far approximately five million barrels of oil has gushed into the water severely affecting the marine life in the Gulf of Mexico. As per the current status the oil well is completely sealed but the task of drilling a relief well in order to eliminate the risk of oil spilling completely is still pending. This study aims to perform the financial analysis of BP within the oil industry, including effects from the recession on BP and the industry including other relevant factors.

Scope of the Research

In order to get a holistic view of achievable future industry conclusions, the possibility of the thesis is purposely kept somewhat wide. However, some boundaries are desired to guarantee that research results will not be too common. In the research study, the focus has been detained on the financial statements of a BP in order to perform the financial analysis of BP within the oil industry, including effects of the recession on BP and the industry.

Limitations and Assumptions of the Research

It is assumed that the data sources that will be used within the studies are reliable and have valid data. There are certain limitations to this study because it is focused on one single industry that has limited the scope of application of research. The study will ensure that the data of the corporations will not be misused and that the financial ratios will be predicted with as much reliability and accuracy as possible.

Rationale for Research

In this dissertation, we are aiming to analyze the financial ...