The Influence of the Russia-Ukraine War on BP

DOI

10.2991/978-94-6463-036-7_36How to use a DOI?

Keywords

BP; Oil Price; War

Abstract

According to the findings of this paper's SWOT analysis of BP, the company's management has been ineffective and dishonest in dealing with the fallout from the crises. Like Shell and Chevron, other companies in the same industry are getting more competitive as time passes. Although BP has committed $266 million in research and development, the company currently holds more than 5,000 patents. Following data from the previous four years, the company's financial condition fell severely during the Covid 19 period but recovered dramatically in 2022. The company occupies a niche among the several low-carbon energy sources in terms of the stock price. Oil and gas prices will continue to rise, encouraging investors to put their money into the traditional oil and gas company. As well as outlining the potential impact on oil prices in a war between Russia and Ukraine, this paper provides a brief overview of alternative hedging options.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Chenyu Jiang
PY  - 2022
DA  - 2022/12/31
TI  - The Influence of the Russia-Ukraine War on BP
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 245
EP  - 250
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_36
DO  - 10.2991/978-94-6463-036-7_36
ID  - Jiang2022
ER  -