Accounting case study on BP p.l.c Example | Topics and Well Written Essays - 1750 words

Accounting on BP p.l.c - Case Study Exampleerating in any gas and oil industry sector and this diversification holds growthion and exploration, distributing and marketing, trading, power generation, refining, and petrochemicals (Bp.com, 2014). The bon ton is further engaged in production of renewable sources of energy that include wind power and biofuels.The company boasts of intense operations in slightly more than eighty countries across the globe with a production of more than trey million barrels daily with estimated reserves of round seventeen billion barrels. The company has approximately twenty thousand seven hundred service post globally with its largest front in America. The companys success in financial terms is broad with notable investments in Rosneft, its listing in the capital of the United Kingdom Stock Exchange (LSE), and it is a member of the FTSE 10 index (Bp.com, 2014). The company has a high market capitalization in the London Stock Exchange, which is appro ximately worth eighty five billion pounds with secondary listings in the New York Stock Exchange (NYSE) and Frankfurt Stock Exchange (FSE) (Bp.com, 2014). The company began its production efforts to a lower place the tag British Petroleum in the Middle East from early 1954 (Franck & Huyghebaert, 2004).It is regarded as the first oil company to find exploits in North Sea. The company has undergone different transformations and challenges along the years in terms of changes in ownership to oil related disasters that have contributed to its success and loss of revenue. BP operates under different product lines with unlimited opportunities for growth. These products include Air BP, BP Target Neutral, BP Franchising, Fuelling cards, Asphalt and Bitumen, BP Biofuels, Motor lubricants and oil, Petrol/gas station locator, bollix/Petrol stations, Industrial lubricants, Liquefied Natural Gas, Gas and power energy, BP Crudes, NGL, MSDS, BP shipping, Petrochemicals, Marine Fuels, and Lubrican ts (Bp.com, 2014).Air BP deals with a variety of