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British Petroleum - Bp

BP Oil Spill Highlights Poor Safety Record, the Worst of Any Oil Company in America

"BP is a London-based oil company with one of the worst safety records of any oil company operating in America," says Tyson Slocum of Public Citizen. "In just the last few years, BP has paid $485 million in fines and settlements to the US government for environmental crimes, willful neglect of worker safety rules, and penalties for manipulating energy markets." We speak with Slocum and with an attorney representing several workers who survived the blast that sank BP's Deepwater Horizon rig. He's also representing the wife of one of the 11 workers now presumed dead who is filing a lawsuit accusing BP of negligence. Ref. Source 8

Bp Petroleum British

BP shares plunge on penalty fears

Shares in BP plummet 12% as London trading opens, amid fears US could impose massive penalties. Ref. Source 8

British Petroleum - Bp History & Civil Business Politics

I would not be surprised to see BP bought out after all of this oil spill is over. I think the stock is tanking and it will soon be out of business.

Bp Petroleum British

No Dividends

Chairman Carl-Henric Svanberg the board of BP has decided not to pay any further dividends this year. Ref. CNN

Bp Petroleum British

BP shares up on compensation deal

Shares in BP have risen sharply following the announcement of a compensation deal between the oil giant and the US government. Ref. Source 3

British Petroleum - Bp

Retire or Resign?

BP Chief Executive Tony Hayward is negotiating the terms of his departure in the wake of the Gulf oil spill, a BP source tells the BBC.

British Petroleum Bp

BP Losses

BP posts losses of $16.9bn (£10.9bn) for April to June, after setting aside $32.2bn for costs linked to the Gulf of Mexico oil spill. Ref. BBC

British Petroleum Bp Politics Business Civil & History

It is my belief that BP hung Wayward out to dry. They knew what they were doing from the get go and Mr. Hayward went along with it in hopes that this will help blow the whole mess out the door with him. I believe that BP thinks we all are stupid.