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British Petroleum (Bp)

In: Business and Management

Submitted By mcleodwj
Words 1489
Pages 6
William J. McLeod
Dr. Etido Akpan
BUS 508: Contemporary Business
10 February 2012

British Petroleum (BP) is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. In its global business, the company has several family brands: BP, ARAL, ARCO, Castrol, am/pm and Wild Bean Café. BP's global business is divided into three distinctive organizations to deliver energy products (Upstream, Refinance and Marketing, and BP Alternative Energy). Global Business: Created in September 2010, Upstream consists of three distinct Divisions – Exploration, Developments and Production. Within the Developments Division there are two Technical Functions the Global Wells Organization and the Global Projects Organization. Within the Production Division there are also two Technical Functions Operations and Subsurface. A Strategy and Integration organization led by a fourth Executive Vice President, (including HR, Finance, IT and Technology) and ensures integration across the Divisions and Functions. The downstream business segment converts crude oil into useful products such as fuels, lubricants and petrochemicals. It also stores and distributes these products to where they are needed, and markets them to customers in more than 70 countries. BP’s Refining and Marketing operations are carried out through four divisions known as Value Chains Fuels, which refines and markets fuels; Petrochemicals, which manufactures chemicals with many uses in daily life; Lubricants, which manufactures automotive and industrial lubricants, and Global Oil Trading, which handles the supply and trading of crudes and feeder stock. Each is divided into a number of Strategic Performance Units and...

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