Social performance Essay Example | Topics and Well Written Essays - 1750 words - 1

Social performance - Essay Examplece an average of about 3.3 one thousand thousand barrels of oil on a daily basis in addition to its having proven oil reserves estimated to stand at about 17 billion oil barrels. BP is also considered to be among the largest producers of global natural gas producers. Of note is that the production of natural gas by BP plc currently makes up for more than half of the companys energy production. It is this aspect that has caused the company to become the largest natural gas suppliers and producers in the United States (British Petroleum, 2013).There are a do of BP plc external environment factors that can be able to greatly affect the success of the company. These include factors much(prenominal) as Economic factors and social factors. Economic factors such as interest rates, inflation, economic growth, exchange rates and taxation changes can greatly affect the overall success of BP plc. High interest rates readiness potentially deter the company f rom investing in certain regions across the world because it generally costs more to borrow, factors such as inflation mogul result in the provocation of high wage demands by the companys employees which will then result in increased cost of production, having a strong currency may potentially cause it to become more difficult for the company to export its produce as it might raise the legal injury in terms of foreign currency.Social factors can also affect the success of BP. Changes in social trends can impact the demand of the companys products as well as the willingness and availability of individuals to work for the company as employees (Abrams, 2013). Factors such as an increasing aging population can also furiousness BP plc to recruit older employees whose rate of production might be relatively low.BP plc has a number of key stake holders that are found to be important in the companys operations, some of these stake holders include the company employees, its shareholder an d analysts as well as various governments and regulators.BP plc.