Descending Profits
Business → Marketing & Advertising
- Author Lennette Joyce
- Published July 13, 2011
- Word count 429
The historical oil spill due to an explosion at the Gulf of Mexico in April 2010 caused great damage not only to the sea creatures living in the deep body of water but also to the economic livelihood of the people living near its coasts. History would remember it as scientists considered it to be a near- apocalypse predicament as it could not have only brought damage to the residents nearby but could have wiped out different underwater creatures up until the Atlantic Coast which meant negative effects to people's health and employment since most of these people depend on the sea for income resulting to the drastic descend of profits.
Descending Profits
Not only businesses and lives near the Gulf of Mexico were affected by the oil spill, BP Plc., the London-based oil giant famous for its slogan "Beyond Petroleum", had great financial difficulty since then as its image being a conscious energy company was marred since it was the one who was leasing the Deepwater Horizon, the drilling rig where the explosion happened. Being the third largest oil company in the world with billions of dollars in market value, the company was reportedly to have been paying dividends to pay their creditors since June 2010. Since then, BP Plc, has been trying to get up on its feet to get back what it had lost. It was recently reported in New York Times that despite the great effort and different strategies, the company's profit has been falling despite the high oil price increase demands in the United States and other developed countries. BP was reported to have sold most of its stocks because of the tragic oil spill that happened a few years ago and to help increase their profits, the company has explored and tried to get the assistance of companies in India and Russia but because of the rift between North Africa and the Middle East, destruction in demand is also foreseen by the investors as they continue waiting for reports of the exact amount of loss BP Plc due to the Gulf of Mexico cataclysm.
Dan Pena, one of the most successful businessmen in our time provides the most useful tips like how to survive tragic times as he shares his own experiences in surviving the atrocious economic collapse during his time. Visit his website http://www.danpena.com and be introduced to his variety of products and and acquire more knowledge by attending his seminars as you help yourself and your friends and family ascend in their fields and reach their ultimate dream of success.
lennette.guthrie.pena@gmail.com
lennette.guthrie.pena@gmail.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Do Compelling Marketing Pictures Unlock Sales Potential?
- Become an SEO Expert: The Benefits of Certification
- 8 Essential Steps for Hiring and Collaborating with Commercial Photographers
- Marketing Strategies for Mooncake Suppliers: Standing Out in a Crowded Market
- Discover The Hottest TikTok Trends Taking Over Your Feed!
- How Crypto PR Exists Beyond Traditional Marketing
- How To Automate Affiliate Marketing?
- Effective Marketing Strategies for Tradies: Boost Your Business in 2024
- The Dos and Don'ts of Creating Engaging Online Content That Keeps Your Readers Coming Back
- Unleash Your Inner Artist with Google's Mind-Blowing AI Generator!
- The Impact Of Social Media Algorithms On Marketing Strategies
- Redefining Success with a Holistic Approach to Marketing Measurement
- Dong Yuhui being accused of being racist against women because refusal to sell women's underwear.
- Creating Buzz in the Hallways: High School Advertising Techniques That Get Results
- How does social media marketing tie into a digital solution service?
- Custom DVI Cables: Everything You Need to Know?
- Diet Plan for Weight Gain
- Navigating the Dynamic Landscape of Hot Trends in SMM Panels
- Unveiling AI Brilliance: Leonardo Laboratories at the Fore of Innovation
- Unlock Your Career Potential: How Our Digital Marketing Institute Can Propel You Forward in Mumbai
- Social Media Marketing: Harness the Power of Online Platforms for Success
- Growing Your Business Online: How Gardeners Can Utilize Digital Marketing
- Measuring and Boosting ROI Across SEO, Email, & Social Media
- Navigating Challenging Business Conditions: The Power of Strategic Marketing
- Unlock Your Style: Fortnite Skins for Sale
- The Ultimate Guide to Color Grading: Techniques and Tools for Beginners
- Here Are Some Effective SEO Strategies For Startup Success
- How to Create an Effective Business Marketing Plan
- Traditional Direct Print Marketing Isn't Dead: Unveiling Its Untapped Potential
- New Age Student Recruitment: How AI is Revolutionizing International Enrollment