British petroleum - BP-Conduct research using Scholarly, Peer Reviewed, and Other Credible Sources

British Petroleum Name Institution   British Petroleum The company chosen for this research is the British Petroleum (BP). When discussing the business, it is imperative to note that it is the global leaders in the oil and gas sector with its head office in London. Moreover, the business has a wide global reach, whereby it operates in over eighty nations in different continents, and its daily oil production almost exceeds 3.8 million barrels. The business has, over the years, emerged as a highly competitive entity in the industry, having been ranked among the oil and gas supermajors and ranks third in terms of revenue compared to other companies in the energy sector (Harell, 2016). The success of any business in the modern world is determined by the ability of the business to formulate, implement, and maintain aggressive and feasible strategies that fuel its operations towards the creation of a competitive edge above its competitors (Baack, Minnick & Reilly, 2014). As such, the BP company operates in a very competitive industry; however, its success to date can be attributed to various competencies that keep it a mile ahead of its competitors. Among the primary competencies of the British Petroleum PLC is the large global network coverage through which the company serves in over eighty nations across the globe, coupled with strong brand loyalty. It is imperative to highlight the fact that BP operates through a large network or companies such as Amoco, BP Express, and BP Connect among others which give it a large market coverage over its competitors in the oil and gas industry (Harell, 2016). Div...

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