Buy custom Products, Services and Prices in the Free Markey Economy: British Petroleum (BP)
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 657 |
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With the increase in income, customers may decide to buy bigger cars, like SUVs or trucks, especially at United States market. Each of these vehicles require more fuel to function, thus the increase would be more of complementary goods, in proportion to increase in automotive sales.
To maximize revenue, BP will increase crude oil and gas reserves, which have declined over the years by 2...
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First, increasing net income per barrel from $0.71 cents/barrel to $1.71 cents/barrel will put BP in comparison with competitors. Secondly, BP’s downstream financial performance and capital efficiency has lost ground versus its peers. In recent years, the emphasis of BP’s downstream efforts has been more towards marketing, with alongside portfolio restructuring and has resulted in a weak performance compared its peers, by focusing strongly on cutting its implicit costs and increasing capital efficiency, BP will cut the Company’s opportunity cost and increase total revenue...
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