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BP Share Chat (BP.)



Share Price: 476.65Bid: 476.55Ask: 476.70Change: 5.35 (+1.14%)Riser - Bp
Spread: 0.15Spread as %: 0.03%Open: 475.10High: 478.40Low: 474.40Yesterday’s Close: 471.30


Share Discussion for Bp (BP.)


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thistle
Posts: 13,513
Off Topic
Opinion:No Opinion
Price:460.65
How Much Oil Is the ?
4 Sep '14
Coalition

A coalition of plaintiffs including the federal government, five Gulf of Mexico states, banks, restaurants, fishermen and a host of others have pursued redress for their losses. While today’s ruling provides a partial answer, appeals may mean it will be years before final penalties are settled.

BP, which may face fines of as much as $18 billion, has set aside $3.5 billion to cover those penalties. The company had taken a $43 billion charge to cover all the costs related to the spill, according to a July 29 earnings statement. The ultimate cost is “subject to significant uncertainty,” BP said.

Barbier today didn’t rule on how much oil was spilled, a key factor in determining the extend of BP’s liability.

http://www.bloomberg.com/news/2014-09-04/bp-found-grossly-negligent-in-2010-gulf-of-mexico-spill.html
 
gazza5
Posts: 623
Off Topic
Opinion:No Opinion
Price:462.00
.
4 Sep '14
just going to sit and wait and see how much this falls.

To me this is more a income share - will see if the dividend is reduced. As others have said if BP was a american company I am sure the penalties etc would not have been so severe. They probably see BP as nicking there oil, hence the high punishment.
rory
Posts: 297
Off Topic
Opinion:No Opinion
Price:463.65
-
4 Sep '14
Barbier placed 67% of the blame with BP, 30% with Transocean and 3% with Halliburton
rory
Posts: 297
Off Topic
Opinion:No Opinion
Price:464.05
bigzee
4 Sep '14
NEW YORK (TheStreet) -- Shares of BP (BP_) fell -4.42% to $45.60 in morning trading Thursday after a federal judge ruled the oil company acted with gross negligence in the Gulf of Mexico oil spill in 2010.

The decision could force BP to pay billions of dollars, according to Bloomberg.

"BP's conduct was reckless," U.S. District Judge Carl Barbier wrote in a decision in New Orleans federal court on Thursday. "Transocean's (RIG_) conduct was negligent. Halliburton's (HAL_) conduct was negligent."
BigZee
Posts: 398
Off Topic
Opinion:No Opinion
Price:459.65
Worker killed
4 Sep '14
The possible reason for the drop is that a worker was killed in the north sea today from a fall. Also output in Iraq deals revised lower
Inscrutable
Posts: 7,679
Off Topic
Opinion:No Opinion
Price:461.00
Ah Well
4 Sep '14
Head back under the duvet for five more years yet. Just how much did the US companies get fined for those spectacular spills in the past............. Dodgy..............
rory
Posts: 297
Off Topic
Opinion:No Opinion
Price:462.60
bp
4 Sep '14
personal opinion is the price had some of this factored in already..
Alexios
Posts: 6,435
Off Topic
Opinion:No Opinion
Price:461.45
bp
4 Sep '14
-10% or more
rory
Posts: 297
Off Topic
Opinion:No Opinion
Price:467.00
bp
4 Sep '14
• BP Found Grossly Negligent In 2010 Oil Spill, Fines May Increase
• Already Agreed To Pay $13.7B In Fines/Damages

Read more: http://www.benzinga.com/news/14/09/4825892/bp-shares-fall-over-2#ixzz3CMF99exn
Bluelight
Posts: 430
Off Topic
Opinion:No Opinion
Price:485.90
John
4 Sep '14
They've been found grossly negligent in the US, fine may rise



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