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Share Price: 497.00
Bid: 496.90
Ask: 497.00
Change: 4.20 (0.85%)
Spread: 0.10 (0.02%)
Open: 495.45
High: 497.40
Low: 494.85
Prev. Close: 492.80
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BP Chmn: Still Much Work To Do To Make Oil Spill Right

Tue, 27th Jul 2010 08:00

LONDON (Dow Jones)--BP PLC (BP) will change the way it operates and sell up to $30 billion of assets to fund its massive liabilities from the Gulf of Mexico oil spill, but the company will not be fundamentally changed and will continue to explore for oil in frontiers like deep water, senior company executives said Tuesday. BP's Chairman Carl-Henric Svanberg said he believes its actions before the explosion aboard the Deepwater Horizon drilling rig that triggered the worst oil spill in U.S. history weren't grossly negligent. However, Chief Executive Tony Hayward said he had become a "lightning rod" for public anger over the spill and the only way for BP to move forward in the U.S. was for him to step down. Hayward defended BP's response to the oil spill, describing it as the largest operation of its kind in history that few other companies would have been able to mount. -By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com (END) Dow Jones Newswires July 27, 2010 03:00 ET (07:00 GMT)
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27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

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27 Mar 2024 08:31

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

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25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

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21 Mar 2024 15:00

UK dividends calendar - next 7 days

Friday 22 March 
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Monday 25 March 
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Tuesday 26 March 
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19 Mar 2024 16:57

LONDON MARKET CLOSE: European large-caps rise on eve of Fed decision

(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

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19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

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18 Mar 2024 11:49

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

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IN BRIEF: BP promotes Aviva chief executive officer to senior director

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