Over the years, BP earned the reputation for prudent management, operating efficiency, and cost control.
Nothing breeds success like success.
And that agility is essential. Success in the exploration and production of oil and gas requires quick response to changes, whether they are in the form of dramatic shifts in demand as evidenced by the recent economic crisis in Asia, extreme variations in supply, or unpredictable price fluctuations. In meeting those challenges, BP has relied on outsourcing to gain efficiency in operations, minimize costs, and stay focused on strategy to stay lean, flexible, and responsive.