Question: Please read the text portion of BP's 2012 annual report and assist with the following:
1. Identify potential real options that might arrive in this firm's business.
2. Are these options industry specific or company specific?
3. How would these options affect their capital budgeting process?
4. Justify your answers.
A one page summary would be sufficient.
https://www.bp.com/content/dam/bp/pdf/investors/BP_Annual_Report_and_Form_20F_2012.pdf