This report provides a comprehensive strategic analysis of British Petroleum (BP), a leading global energy company. It begins with an introduction to strategic management and its importance in a dynamic business environment. The analysis includes a PESTLE analysis, examining the political, economic, social, technological, environmental, and legal factors impacting BP. The report also assesses BP's position in the industry life cycle, identifying its current growth stage. Furthermore, a SWOT analysis identifies BP's strengths, weaknesses, opportunities, and threats, while Porter's Five Forces model evaluates the competitive landscape. The report concludes with insights into BP's strategic challenges and opportunities for sustainable growth.