Bp Inc

British Petroleum (BP) is public company that manages oil and gas products. It provides fuel for transportation, energy for heat, light, petrochemicals used in production such as paints, clothes, and packaging. The company works in the Exploration and Production. The other part it works on is the Refining and Marketing aspect of the business. BP was founded in 1908 by William D’Arcy who took a gamble on the exploration for oil in Persia. Ever since than BP has expanded tremendously through out the world in more than 80 countries. BP has become a major player in the oil and gas industry when comparing its competitors such as Exxon Mobile, Conoco Phillips, China Petrochemical Corp, Saudi Oil. Alone in 2010, BP has shown a positive outcome in its sales and operating revenue of more than $2.9 million and employed more than 79,700 people.

Our case is mainly focusing on BP actively involved in China. We ask ourselves why China? Because BP has been operating in china for a long time going back to early 1970’s. Thanks to its well “integrated supply chain” BP is able source material in and out of china with a short lead time. With Over thirty years in china, BP developed a strong relationship with China and begin setting up its Asia International Procurement Offices (IPO) in Shanghai. With this in-place the IPO are able to provide services in Offshore gas production, chemical joint ventures, aviation fuel supply, lubricant retailing, solar powers, and the sales of chemical technology. That is not all, BP wants to extend all of its service thru other region within Asia. It highly focused on growing it services in china and second on its procurement and supply chain management (PSCM). With all of its operations BP is heavily influenced on the reliability of quality and safety as number one.