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Guardian Unlimited
| 10 months ago
Oil is burned off the surface near the Deepwater Horizon spill in the Gulf of Mexico. Photograph: Lee Celano/Reuters BP has set aside a further $847m (£540m) to pay for the Deepwater Horizon disaster , raising the potential cost to $38bn, but the oil...
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The Globe & Mail
| 10 months ago
Guy Chazan Financial Times Published Tuesday, Jul. 31 2012, 11:51 AM EDT Last updated Tuesday, Jul. 31 2012, 11:57 AM EDT BP chief executive officer Bob Dudley denied the company had lost its way, after it unveiled disappointing earnings hit by...
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The Motley Fool
| 10 months ago
slipped 3% to 429 pence in early London trade this morning after revealing underlying second-quarter profits of $3.7 billion. The figures from Europe's second-largest oil group also showed write-offs totaling $5 billion in relation to certain...
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United Press International
| 10 months ago
British energy company BP expects to increase its cash flow by 50 percent in 2014 as it completes contributions to the 2010 oil spill trust fund. BP reported an adjusted second quarter profit of $3.7 billion, a major drop, following a decline in...
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The Economic Times
| 10 months ago
BP Plc will continue to invest in oil trading despite losses in its operations in both the first and second quarters of this year, its chief financial officer said on Tuesday. Brian Gilvary told reporters that BP was not worried by its returns from...
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Mail Online UK
| 10 months ago
31 July 2012 O il company BP has lost $1.4billion in the second quarter of this year due to falling prices and the growing cost of cleaning up after the 2010 Mexico oil spill. BP's quarterly statement revealed that the company's profits have plunged...
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Russia Today
| 10 months ago
Nigerian regulators are demanding Royal Dutch Shell pays $5 billion in fines for environmental damage caused by last year's oil spill at its offshore Bonga field...The Tyumen Arbitration court has ruled BP must pay TNK-BP minority shareholder Andrey...
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The Economic Times
| 10 months ago
British energy giant BP said on Tuesday that it plunged into a net loss in the second quarter of 2012, hit by lower oil prices and a huge impairment charge. BP made a loss after taxation of $1.385 billion (1.129 billion euros) in the three months to...
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Turks and Caicos Free Press
| 10 months ago
BP Plc delivered the worst of a poor set of quarterly results among top oil companies on Tuesday, slashing $5 billion off the value of U.S. assets and undershooting expectations with its operating result. The British oil company is struggling under...
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International Business Times
| 10 months ago
BP shares fell sharply Tuesday after Europe's second-biggest oil company booked nearly $5bn in accounting charges linked to its US shale gas fields and suspended its Liberty offshore oil project in Alaska. Share This Story BP posted a $1.4bn net loss...
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Independent
| 10 months ago
Tuesday July 31 2012 THE Gulf of Mexico oil spill continues to plague BP more than two years after the disaster as the energy giant has revealed another $847 million hit to cover rising legal costs. The additional charge for the second quarter brings...
