Petroleum

Case Solution for British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum (A)

Complete Case details are given below :
Case Name :      British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum (A)
Authors :           Murray J. Bryant, Trevor Hunter
Source :             Ivey Publishing
Case ID :            908M02
Discipline :        Organizational Behavior
Case Length :    13 pages
Solution Sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
The year 2007 had to have been one of the worst in the history of British Petroleum plc (BP). In the span of four months, two separate independent reports (the first one commissioned by BP itself) had identified a deeply rooted “culture of risk” within BP where money and profits were valued above worker and environmental safety. These reports were in response to an explosion in 2005 at an oil refinery in Texas City, in the United States, which killed 15 people and injured more than 180, but the reports also referred to pipeline leaks in Alaska as well as other serious safety lapses throughout BP’s global operations. The Texas City explosion was the worst but not the first major incident at a BP facility, and the revelations in the reports severely damaged the credibility the so-called super-major oil company had earned over the last decade. The job of restoring investor and stakeholder confidence as well as the firm’s reputation fell to the BP board and its star group chief executive, Lord John Browne. The B case, examines the role played by the board with respect to the personal integrity of Lord Browne. The teaching objectives are to introduce students to examining the role of the board with respect to risk management as well as its social responsibilities to various stakeholders.
 
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Case Solution for Bharat Petroleum’s Upstream Strategy and Exploration Success

Complete Case details are given below :
Case Name :      Bharat Petroleum’s Upstream Strategy and Exploration Success
Authors :           Noel Machado, G. Krishnakumar, Sanjeev Pillai, P.V.S.L. Narasimham
Source :             Ivey Publishing
Case ID :            W13574
Discipline :        General Management
Case Length :    17 pages
Solution Sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
Bharat Petroleum Corporation Limited (BPCL) is an Indian public-sector oil company that features among the Fortune Global 500. The company has historically been in the business of refining and marketing petroleum products. For about 25 years, BPCL operated in a protected environment where it was assured 12 per cent post-tax returns by the Indian government. In 2002, the government stopped guaranteeing returns to its oil companies, and BPCL found that its sales were increasing but its profitability was declining. In response, BPCL ventured upstream into the exploration and production of hydrocarbons. The case is set in 2010, seven years after BPCL adopted a corporate strategy of vertical integration. BPCL’s chairman and managing director assesses reasons for the company’s spectacular success and considers what BPCL should do next.
 
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Case Solution for Yellowhead Petroleum Limited

Complete Case details are given below :
Case Name :      Yellowhead Petroleum Limited
Authors :           Elizabeth M.A. Grasby, Jessica Kelly
Source :             Ivey Publishing
Case ID :            W12110
Discipline :        Accounting
Case Length :    03 pages
Solution Sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
Financial accounting entries must be made for a small Canadian oil and gas exploration and drilling company headquartered in Edmonton, Alberta, for a project in northern Saskatchewan.
 
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