Wednesday, May 6, 2020
Individual and Relative Performance of the Organisations
Question: Discuss and Analysis the relative performance of the individual and relative performance of the organisations? Answer: Non-financial Analysis of British Petroleum and ExxonMobil It can be seen from the annual report of BP 2014 that the company is highly involved in prioritizing the reliability and safety of their operations in order to safeguard the welfare of their workforce and environment. Therefore, it helps in securing the right and preserves the value of the company in operations. On the other hand, for protecting workforce welfare, injury frequency is recorded and efficient check is done on greenhouse gas emissions. Apart from that, it can also be mentioned that BP aims to establishing enduring partnerships in the nations in which they operate (www.bp.com, 2015). As a result, they form strong relationships with the suppliers, customers, governments and communities to form mutual advantage. Furthermore, the company makes investment in advanced technology to produce more amounts of oil and gas and decreasing carbon emission problem. On the other hand, the employees of the company are highly satisfied with the act and performance of the firm. As a result , in 2014, the company promoted about 4880 employees and also including 524senior and group level leaders. Moreover, the company hired 8640 people. The risk management activities of the company provide great support to management and company to deal with the arising business or strategic risks (Guimaraes Resende Martins do Valle and Corra Gomes, 2014). Apart from that, the annual report of ExxonMobil points that the operations and earnings of the company is affected due to possible changes in the prices of gas, petrochemical and oil. As a result of that, the company is having problem in controlling the demand supply for the commodity. However, the company has witnessed success in their chemical, upstream and downstream projects as they rely on capital intensive and complex projects (cdn.exxonmobil.com, 2015). The overcapacity in the refining sector of the company has increased competitive pressure on the company. As a result, the company is witnessing weaker demand from the customers in comparison to British Petroleum. The brand value of ExxonMobil is also weak against BP due to that most of the customers are more satisfied with the service of BP. On the other hand, the level of carbon gas emission is relatively high in 2014 due to that it earns less point in context to CSR in comparison to BP. However, it can also be mentioned tha t performance and earnings of the company is improving but they are way behind in terms of customers base and earnings against BP (Teng, 2014). From the overall analysis, it can be recommended to the investors that British Petroleum would be a better option to make investment. The financial performance of the company is stable and growing and customers are highly satisfied. References cdn.exxonmobil.com, (2015). Annual Report. [online] Available at: https://cdn.exxonmobil.com/~/media/global/reports/summary-annual-report/2014_summary_annual_report.pdf [Accessed 2 Jul. 2015]. Guimaraes Resende Martins do Valle, A. and Corra Gomes, R. (2014). Analyzing the importance of financial resources for educational effectiveness. Int J Productivity Perf Mgmt, 63(1), pp.4-21. Teng, H. (2014). Qualitative productivity analysis: does a non-financial measurement model exist?. Int J Productivity Perf Mgmt, 63(2), pp.250-256. www.bp.com, (2015). Annual Report. [online] Available at: https://www.bp.com/content/dam/bp/pdf/investors/BP_Annual_Report_and_Form_20F_2014.pdf [Accessed 2 Jul. 2015].
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