Introduction to Applied Management of Conoco Philips

Running head: INTRODUCTION TO APPLIED MANAGEMENT OF CONOCO PHILIPS
INTRODUCTION TO APPLIED MANAGEMENT OF CONOCO PHILIPS
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Author Note

INTRODUCTION TO APPLIED MANAGEMENT OF CONOCO PHILIPS1
Introduction
Conoco Philips is the world’s largest gas and energy producing company in Australia.
It considers as the largest independent company deals with exploration and production of
crude oil, natural gas and different energy producing components (Ibisworld.com.au, 2019).
In Australia, Conoco Philips has established its business almost two three decades ago
approximately in the year 1875(ConocoPhillips, 2019). Australia is considered as the nation,
enriched with minerals and energy resources. Considering this fact, Conoco Philips first
established its office in Timor Leste in the year 2006("Australian Opportunities", 2019).
Conoco Phillips Australia has two different head offices named Australia West and Australia
East. Australia West has its headquarter in Perth and Australia East has its headquarter in
Brisbane. With the adverse effect of global warming the use of natural gas is the best solution
that helps to meet the rising demand energy resources. This essay discusses, the analysis of
both micro and macro environment based on the PESTLE theory and Porter’s Five Forces
theory respectively.
Discussion
Conoco Philips Australia, is considered as one of the largest crude oil and natural gas
producing industries. It is one of the proud industry that successfully able to meet the
increasing demand for natural energy resources ("Australian Opportunities", 2019). It
contributes to reduce the adverse effect of global warming. PESTLE analysis has determined
all the political, economic, social, technological, legal and environmental factors of the firms
with the purpose of identifying and rectifying the existing barriers of the organization
(Rastogi & Trevedi, 2016).
PESTLE analysis determines problems related to the following external factors of the
organization

INTRODUCTION TO APPLIED MANAGEMENT OF CONOCO PHILIPS2
Political factors like government politics and president’s power plays a vital role in
any business firms of the country. Australian government has determined polices regarding
annual visit for inspection of proper equipment and technology use in different oil and gas
producing industries (Fitzgerald, Rainnie & Burgess, 2013). This, measure helps Australian
government to assess the actual report generated from different oil and energy producing
companies. This will help the government to keep their citizens safe from adverse effect of
gas reaction and exploration generated from the production. The government has imposed
rules on the proper disposal of the waste materials generated from gas and oil producing
industries. This company has established the Employee Political Action Committee that helps
different employees in creating good reputation based on their integrity in the company. This
firm also contributes save measures for the protection of our environment and society.
As per the global economic statistics, Australia grabs the 13th place in the economic
stability among other nations across the globe(Dfat.gov.au, 2019). In the year 2017, the
economic standard of the nation has increased by 2 percent. For this reason, even today
Australia remain the minimum cost location for the purpose of business setup. Australian
Government has imposed strict taxation policies on oil and gas producing industries (Kraal,
2019). Thus, the joint collaboration of Timor Leste and Bayu Udan generate the financial
stability for the company. The profit that generated from Timor Leste have raised the
confidence level of different investors to invest huge amount of money in next project name
Bayu –Udan("Australian Opportunities", 2019). . This project extract huge money and help
to increase the company’s profit margin and maintains the brand stability among the other
similar industries in the Australian market. This will help the company to generate the
performance level of the firm to meet the growing demand of energy or fuel resource in the
Australian society.