Write 9 pages thesis on the topic british petroleum company. The obligation of the company to its shareholders is a profit at the end of the year and dividends in return. Contrarily, it is the obligat

Write 9 pages thesis on the topic british petroleum company. The obligation of the company to its shareholders is a profit at the end of the year and dividends in return. Contrarily, it is the obligation of the stakeholders to demand some form of repayment for the use of resources, land, and talent for that very profit.

&nbsp.British Petroleum has been the recipient of mixed reviews from recognized institutions for a very long time. With some calling it among the most socially responsible companies to those that call it one of the worst companies of the year, BP has seen it all. Whether it has emerged the winner or not, after this grueling scrutiny, will be covered in the following pages.

BP is known to be an organization that has one of the highest CSR profiles among all big players in the oil industry (Banerjee, 2007). British Petroleum is among the largest oil and gas exploration companies in the world. Its operations include (M2PressWIRE, 2002): the exploration and production of natural gas and crude oil. refining of crude oil. manufacture of petroleum products. marketing of refined products. construction and mining. and transportation of crude oil. marketing and trading of gas and power, of liquefied natural gas (LNG), natural gas liquids (NGLs), biofuels and low-carbon power generation. The headquarters of BP is situated in London, UK (bp.com, 2009).

Many people have come to associate corporate social responsibility to be the responsibility of an organization to spend some money on projects that affect the community or perhaps advertise some environmentally friendly practices they have adopted. This application of the concept limits the responsibility of the organization in its own favor, rather than being&nbsp.mutually beneficial to the company and stakeholders.&nbsp.