BP is the leading energy company. BP takes its name from the initials of the company's former official name, British Petroleum. The company was trying to persuade everyone that it was an environmentally friendly company that used and developed alternative energy technologies. During its existence, the company paid so many fines for pollution that it became clear that management did not really care about the environment, but only about maximizing profits. It was easier for them to pay fines than to change their management system and demonstrate improvements in workplace safety. After the explosion, BP's stock price and reputation plummeted, and this was one of the many consequences of the disaster. This has certainly occurred due to a lack of strong ethical guidelines. BP - Texas City Oil Refinery Explosion (2005) – Case Summary In one of the largest oil refineries in Texas City, on March 23, 2005, the explosion and fire took place, which It claimed the lives of 15 people, injured more than 170 people and forced thousands of residents living near the plant to stay at home. BP produces diesel, jet fuel and gasoline. In 2005, a huge cloud filled with hydrocarbons ignited around 1:20 p.m. The explosion caused serious damage to the factory and its name. In fact, the company had a few less serious accidents before the explosion, and no engineering issues were resolved by company management. Due to a cost-savings plan, maintenance and safety received less attention than necessary to avert the plant's disaster. Certainly all responsibility for the accident must be placed on London's leaders, aware of safety concerns and budget cuts. It was definitely a strong mistake...... middle of paper ......e and to save money while risking the safety of their workers, and as a result people die on the job and their families are left without loved ones. .Works Cited “A Brief History of BP”. TIME Magazine. June 2, 2010. Website: http://www.time.com “Gulf Oil Spill: BP Has Long History of Legal, Ethical Violations” May 8, 2010 by McClatchy Washington Bureau. Website: http://www.mcclatchydc.com “US Chemical Safety and Hazard Investigation Board Investigation Report into the March 23, 2005 BP Refinery Explosion and Fire and BP's Safety Culture.” Website: http://www.csb.govGreenhouse, Steven (October 30, 2009). "BP to challenge fine over refinery explosion". New York Times. Website: http://www.nytimes.comLyall, Sarah. In the BP file, a story of audacity and costly errors. New York Times, 07/13/2010. Website: http://www.nytimes.com