Oil And Gas Industry Exploration, Drilling, Refining,...

Cross-Cultural Perspectives British Petroleum or BP is among the six largest oil and gas companies in the world with a large multinational presence. BP is a British multinational organization with headquarters in London, England, and that pursues commercial interests throughout the world. BP has a strong global presence due to its production and marketing operations in several regions of the world. The global operations of BP comprise a large geographical area due to the effective vertical integration of the organization in all sectors of the oil and gas industry. This organization is relatively gigantic as compared to other organizations of this industry and that is why several stakeholders trust its viability. BP manages operations in exploration, drilling, refining, production, distribution, and marketing of oil and oil based products including petroleum products. Although BP is a British organization, a large portion of the revenue of the company depends on foreign locations. BP relies on several internati onal regions for achieving strategic objectives including the United States, Africa, Middle East, and Asia-Pacific. BP faces several cultural issues due to its interactions with stakeholders in various geographical locations. The two most important cultural issues that affect BP include diversity management and global cultural competence. The company has faced several issues with respect to global competence and the inability of the management to cope with culturalShow MoreRelatedThe Oil And Natural Gas Sector3323 Words   |  14 PagesIntroduction The oil and natural gas sector is constituted of three major components – upstream, midstream and downstream. The upstream industry includes exploration and production, midstream includes processing, storing and transporting while the downstream industry includes oil refineries and distribution. It provides consumers with various products like petroleum, gasoline, diesel, lubricants. 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