This report provides a comprehensive analysis of BP Oil's business strategy, examining the impact of the macro environment, the company's internal capabilities, and the competitive forces it faces. It begins with an introduction to the challenges faced by multinational corporations and the importance of adapting to changing environmental factors. The report then delves into a detailed PESTLE analysis to assess the political, economic, social, technological, legal, and environmental factors influencing BP Oil's operations. It also explores the company's mission, vision, and objectives, and how they are implemented through strategic decision-making. Furthermore, the report evaluates BP Oil's internal environment and capabilities, including its resources and competitive advantages. It applies Porter's Five Forces model to assess the competitive landscape and examines the use of various theories and models for strategic planning. Overall, the report offers insights into BP Oil's strategies and provides recommendations for future strategic options.