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Share Price Information for BP (BP.)

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Share Price: 505.00
Bid: 504.60
Ask: 504.80
Change: -1.20 (-0.24%)
Spread: 0.20 (0.04%)
Open: 505.20
High: 507.00
Low: 503.50
Prev. Close: 506.20
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BP's Hayward Must Face Lockerbie Questions -Sen Menendez

Thu, 29th Jul 2010 15:28

WASHINGTON (AFP)--A U.S. senator angrily pressed BP Plc (BP) chief Tony Hayward on Thursday to make time in September to face a congressional probe into the oil giant's alleged role in the Lockerbie bomber's release. Democratic Senator Robert Menendez slammed Hayward's comment to reporters that he had ducked a key senate panel's hearing--indefinitely postponed from Thursday because key witnesses declined to appear--because he was too "busy." "It must be nice to be too 'busy' negotiating a multi-million-dollar golden parachute to ignore a U.S. Senate hearing examining whether Mr. Hayward's company traded blood for oil," Menendez said in a statement. "Frankly, I have no sympathy about the pace of Mr. Hayward's schedule, and I will formally ask him to provide a date in September that perhaps isn't so hectic," said the senator, who represents New Jersey. Menendez complained that BP had offered to send "a lower-ranking official with no particular knowledge of the company's talks with Libya to testify" and called that "a way to avoid providing the answers we need." And he blasted Hayward for telling reporters at the company's London headquarters this week that BP's response to the devastating Gulf of Mexico oil spill had been a "model of good social corporate responsibility." "A company that believes it is a 'model' of corporate social responsibility would agree that it is socially responsible to give full answers to the public and the victims' families," said Menendez. Menendez had been set to chair a Senate Foreign Relations Committee hearing on BP's alleged role in Scotland's decision last August to release Abdelbaset Ali Mohmed al-Megrahi, the only man convicted over the 1988 Lockerbie bombing that killed 270 people--most of them Americans. Authorities freed Megrahi on compassionate grounds after being assured he was suffering from terminal cancer and had three months to live--but nearly a year later, he is alive in his native Libya. The Senate hearing had been set to examine whether BP had improperly lobbied for Megrahi's release to safeguard a $900 million oil exploration deal with Libya. The oil giant and British and Scottish officials have denied the charge. (END) Dow Jones Newswires July 29, 2010 10:28 ET (14:28 GMT)
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12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

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10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

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