Based on the Royal Dutch Shell case, select anoil company or oil-dependent country economy andanalyzetheir strategic responsetothe long-term impact of lower oil prices. Evaluate the firm’s mission...

Management – International Business
BP – British Petroleum
British Petroleum is a British multinational company dealing in oil and natural gas and is headquartered in London. It is a listed company in the London Stock Exchange. It was founded in the year 1909 by William Knox D’Arcy.
Due to lower oil prices and due to a huge loss of $16.8 billion suffered in the second quarter of FY2020, BP slashed the dividend of the shareholders by half. In the second quarter BP paid 5.25 percent dividend per share compared to 10.5 percent share paid in the previous quarter. As per CEO of BP Bernard Looney the slump was mainly due to outbreak of coronavirus pandemic and a...