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  • Essay / Swot Analysis of British Petroleum - 726

    • Follow the guidelines provided by the federal government to compensate those affected by the oil spill.• Take care of their health protection and other rights against the company. • Cover the costs borne by the Gulf. Tourism and activities related to the sea near the accident. • Developing strategies to reduce the effect of oil spills on the environment (bp.com) SWOT Analysis: British Petroleum followed SWOT: 1. Brand loyalty (strength)2. Regain reputation even after numerous oil spill incidents (Strength)3. Too many oil spills (weakness)4. Increased unemployment due to the closure of many oil production wells, especially in countries that rely solely on oil for their livelihood. (Weakness)5. New effective strategies and advanced technological breakthroughs through the research and development department can make them “market kings” (opportunities)6. New operating sites can be beneficial for British Petroleum. (opportunities)7. Tough competition (threats)8. More confrontations with the judicial authorities due to the poor organization of British oil environmental policies (Threats) (Professor of Commerce)PESTEL analysis: British oil presents the following characteristics for