BP has been ordered to pay $5.5 billion to settle civil damages claims made by the U.S. as a result of the Deepwater Horizon oil spill. The amount will be paid over the course of 16 years. On November 15, 2012, Attorney General Eric Holder announced that BP agreed to a $4.5 billion settlement and would plead guilty to 14 criminal counts associated with the explosion and deaths of eleven workers killed on the Deepwater Horizon. BP cuts CEO pay by $8 million after shareholder revolt. The boss of oil firm BP just took a huge pay cut. CEO Bob Dudley's total pay package for 2016 was cut by 40% to $11.6 million, BP said in its annual report. To say that the Gulf oil spill was an organizational accident—something that grew organically out of the culture of the drilling platform—doesn’t mean BP wasn’t responsible. This webpage provides information and materials on EPA’s enforcement response to the Deepwater Horizon Oil Spill, settlements with several of the defendants, including the record-setting settlement with BP Exploration & Production for an unprecedented $5.5 billion Clean Water Act penalty and up to $8.8 billion in natural resource damages. On 20 April 2010, an explosion occurred on the Deepwater Horizon oil rig, operated by BP. Eleven people were killed in the blast and oil began to leak from the ocean floor at a rate variously estimated to be between 5,000 barrels (790 m 3) and 100,000 barrels (16,000 m 3) per day. Hayward, and BP in general, initially downplayed the spill, stating on 17 May 2010 that the environmental impact of the Gulf spill would likely be "very very modest" and calling the spill "relatively tiny" in While leading the way in both total assets and net income, the market cap for Gazprom is only $91 billion, compared to $422 billion for Exxon Mobil, the number two on the list.
Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling: an independent, investigative staff uncovered a wealth of specific information that greatly enhances our Twenty years after the Exxon Valdez spill in Alaska, the same blunt healthcare resources through a redesigned primary-care safety net. 161.
BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil 9 Aug 2017 The BP stock price has dropped due to the crash of oil prices, but that isn't The Deepwater Horizon spill, considered the worst of its kind in US history, barrels of oil before a leaking pipe was finally capped after 87 days. 5 Feb 2018 BP's profits more than doubled in 2017 to $6.2 billion powered by higher lifting production to levels not seen since the 2010 Deepwater Horizon spill. BP had a surplus of cash that allowed it to buy $343 million worth of shares to 2.47 million barrels per day (bpd) after BP launched seven new oil and U.S. District Judge Carl J. Barbier ruled in favor of BP, citing the Oil Pollution Act pleaded guilty to the same charge after federal prosecutors abandoned more 16 Jul 2018 BP has sold off $75 billion of assets to cover unprecedented government The 2010 oil spill, triggered by a blowout that killed 11 workers and toppled the To achieve that, BP has cast a wide net for new prospects, including
BP agreed to pay $18.7 billion in fines related to the spill back in 2015. BP’s stock price was sitting at roughly $59 prior to the spill, and so far the company’s share price has fallen short of
On January 16, 2018, BP PLC announced it would take a $1.7 billion charge for expenses related to the 2010 Deepwater Horizon oil spill. It expects cash payments of $3 billion for the year. As of July 14, 2016, BP had spent $61.6 billion in court fees, penalties, and clean-up costs. Deutsche Bank analysts figure BP is trading at a 29% discount to net asset value. Investors buying BP are getting proven oil and gas reserves at the equivalent of $11 a barrel, compared with $19 a
5 Feb 2018 BP's profits more than doubled in 2017 to $6.2 billion powered by higher lifting production to levels not seen since the 2010 Deepwater Horizon spill. BP had a surplus of cash that allowed it to buy $343 million worth of shares to 2.47 million barrels per day (bpd) after BP launched seven new oil and
23 Oct 2017 The oil sector is particularly vulnerable to accidents now because it's on the All Personal Finance · Family Finance · High Net Worth · Young Money In 2014, a federal judge found BP was primarily responsible for the spill and had to Williams's story became famous after he was featured on CBS's 60
2 Jun 2015 Because of this animosity, we argue that BP's compensation system was a For example, after the Exxon Valdez oil spill, affected communities waited nearly social and personal worth based on how they stack up against others. was limited to the direct costs of removing oil, net losses of tax revenues,
23 Oct 2017 The oil sector is particularly vulnerable to accidents now because it's on the All Personal Finance · Family Finance · High Net Worth · Young Money In 2014, a federal judge found BP was primarily responsible for the spill and had to Williams's story became famous after he was featured on CBS's 60 Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling: an independent, investigative staff uncovered a wealth of specific information that greatly enhances our Twenty years after the Exxon Valdez spill in Alaska, the same blunt healthcare resources through a redesigned primary-care safety net. 161. 6 Apr 2017 New sponge could help clean up oil spills The boss of oil firm BP just took a huge pay cut. follows a rare shareholder revolt last year when 59% voted against Dudley's 2015 pay and benefits package worth $19.6 million. 30 Jul 2019 Estate · Energy · Transportation · Industrials · Retail · Wealth · Small Business Energy giant BP reported better-than-expected second-quarter net profits on BP said Gulf of Mexico oil spill payments of $1.4 billion on a post-tax basis in BP's second-quarter results come after France's Total reported an 4 Feb 2020 Energy giant BP reported better-than-expected full-year net profit on Tuesday, “ After almost ten years, this is now my last quarter as CEO. Gulf of Mexico oil spill payments for the year totaled $2.4 billion on a post-tax its divestment target with transactions worth $3 billion so far, Jefferies analysts said. The monitoring of natural recovery processes after an oil spill without active with the spill (National Commission on the BP Deepwater Horizon Oil Spill and These facts may be weighed when considering the net environmental benefit to The value of the berms as a spill response technology depends on how much oil 12 Jul 2010 The April 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico is now being liability will deter many smaller operators (in terms of net worth) and their Estimate of Oil Flows from BP's Well,” June 15, 2010, located at liability statutes occurred after the 1989 Exxon Valdez oil spill and the