British Petrolium Exploration Essay Example | Topics and Well Written Essays - 1500 words

British Petrolium Exploration - Essay Example Finally BP Explorations current strategies against future competitions they face are also discussed. According to Forbes (2004), BP was compared with, Shell, ExxonMobil and Total. The data were taken from the companies non-financial reports (CnFR), added on with more information on their CSR website. This data was made available at the time of the analysis (BP, 2005; ExxonMobil,2004; Shell, 2004; Total, 2004). The prime objective of the analysis was to get information on the actions which the companies attributed to CSR, what the inducements, aims, and targets for these actions were, and how they designed to attain this. A real study of the four companies reveals the fact that they are very similar in many respects. The table below presents some vital information about the 4 companies. Apart from the information presented in the above table all the companies possess a major part of the value chain of oil and gas resources. The four companies are concerned from extraction to retailing and they have a large petro-chemical activity. Corporate governance is a mode of the direction and control which the companies have on their operations. ... This term derived force only after the corporate scandals like Enron in which leaders profited themselves rather then the company. The companies deal with this issue by giving a description of proper assessment making procedure and the economic interests of those making these determinations, i.e. stock options, participation in other companies etc. Extended producer liability is regarding the responsibility for the products after they have been sold, generally for the use and removal phase of the life cycle. BP centers on modifying their customers to use their products safely (BP, 2001, BP Business Policies: What we stand for. Retrieved April 21, 2009 from www.bp.com). Smart technology moves Getting the right technology is vital for building a competitive energy business and for creating a sustainable future. The strategy which was instituted on tackling precise technologies in back up of clear business goals (Frontiers, December 2003), is now bearing fruit in the case of BP. The company is developing so that it faces to meet the challenge of the world's rising energy demand by discovering new ways of getting at more hydrocarbons from on hand and new resources. The company also believes in BPE 5 developing and delivering new products to customers. In a way by investing in technology the business in BP is shaping up and is opening up new alternatives. At present BP ranks as the number two oil and gas company and this company has achieved through its market capitalization.'Market Capital is nothing but the share price multiplied by the number of shares in issue, Rankings are normally done on a $ basis.' When calculating in dollars for BP the ADR price (American Depository Receipt - the