British Petroleum Oil Company (BP PLC)

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British Petroleum Oil Company (BP PLC) Intro:
British Petroleum Oil Company (BP PLC) incorporated on April 14, 1909, and formally known as Anglo-Persian Oil Company, Ltd is an integrated oil and gas company that headquarters in London, England. In 1935, Anglo-Persian Oil Company renamed its company the Anglo-Iranian Oil Company, Ltd. (AIOC), after having the Iranian imperial Shah, Rezā Shāh, request that the international communities refer to Persia as “Iran”. Primarily created to finance an oil concentration granted to a British investor, William Knox D’Arcy by the Persian government, the AIOC successfully drilled several oil wells and refined several piped crude oils that would later become very important aspects in the world’s oil refinery system. In 1953, after a brief three-year recession, the AIOC would later consort with other oil companies, thus increasing its involvement in the oil and gas industries. However, a bit after 1954, the company once again renamed its company to the British Petroleum Company Limited, and then to the British Petroleum Company PLC in 1982 and finally, after merging with Amoco in 1998, the corporation took the name BP Amoco before assuming its 2000 name of BP PLC. (BP PLC-British Corporation).
Much like Rockefeller Oil Company in the late 1800s to early 1900s, BP PLC, a vertically integrated, operates in all areas of oil and gas industry, including its production, refining, exploration, marketing, distribution, power generation and petrochemicals. However, even though it also has renewable energy activities in wind power and bio-fuels, its focus lies within two segments-exploration and production, and refining and marketing. By 1914, the British would have become the primary stockholders of th...

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...Business Ethics Blog. Retrieved July 26, 2014, from http://businessethicsblog.com/2010/09/01/bp-and-csr/

Mcgill, K. (2014, April 11). BP Oil Spill Cleanup Workers Reach Settlement Over
Medical Problems Caused By Spill. Business Insider. Retrieved July 27, 2014, from http://www.businessinsider.com/bp-oil-spill-cleanup-workers-reach-settlement-over-medical-problems-caused-by-spill-2014-4
Oil Spills Fast Facts. (2014, April 8). CNN. Retrieved July 27, 2014, from http://www.cnn.com/2013/07/13/world/oil-spills-fast-facts/ "Oil Spill in the Gulf." NewsBasics RSS. N.p., 13 July 2014. Web. 11 July 2014. http://news-basics.com/2010/oil-spill-in-the-gulf/ The Editors of Encyclopædia Britannica. "BP PLC (British corporation)."Encyclopedia Britannica
Online. Encyclopedia Britannica, 27 Nov. 2013. Web. 13 July 2014. http://www.britannica.com/EBchecked/topic/80326/BP-PLC

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