The Influence of the Russia-Ukraine War on BP

Chenyu Jiang ()
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Chenyu Jiang: Bayes Business School, Chenyu Jiang, City, University of London

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 245-250 from Springer

Abstract: 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.

Keywords: BP; Oil Price; War (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-036-7_36

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