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Abstract

BP is one of the largest companies in the world with business interests beyond the hydrocarbon value chain. It has investments and operations in around 80 countries and an asset base of US$305 billion. Such a wide presence calls for effective management of risks. The case study discusses how BP came up with a comprehensive risk management framework to manage various risks. It gives a detailed picture of how the company proactively manages and reports the different kinds of financial risks it faces.
Location:
Industry:
Size:
Very large
Other setting(s):
2012-2014

About

Abstract

BP is one of the largest companies in the world with business interests beyond the hydrocarbon value chain. It has investments and operations in around 80 countries and an asset base of US$305 billion. Such a wide presence calls for effective management of risks. The case study discusses how BP came up with a comprehensive risk management framework to manage various risks. It gives a detailed picture of how the company proactively manages and reports the different kinds of financial risks it faces.

Settings

Location:
Industry:
Size:
Very large
Other setting(s):
2012-2014

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