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Share Price Information for BP (BP.)

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Share Price: 526.30
Bid: 526.20
Ask: 526.30
Change: 0.70 (0.13%)
Spread: 0.10 (0.019%)
Open: 523.30
High: 529.60
Low: 520.00
Prev. Close: 525.60
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Russians wade into BP mess

Fri, 18th Jun 2010 11:08

BP has upset the Americans for obvious reasons, but it's now attracted the attention of the Russians who fear the "annihilation" of the oil giant.Ahead of his first state visit to the US next week, Russian president Dmitry Medvedev told the Wall Street Journal that the disaster was "a wake-up call".While stopping short of saying Russia would re-evaluate BP's partnership in Russia, he said the spill will prompt a fundamental rethinking of oil exploration around the world."Certainly, we are not indifferent to their future. ... Hopefully, they can absorb the losses."BP shares are down 44% since the Deepwater Horizon rig exploded at the end of April killing 11 workers. They almost halved at one stage.The company's Russian joint venture TNK-BP is the third largest oil producer in the country, representing almost a quarter of its oil production."What I know is that BP will have to pay a lot of money this year," Medvedev said when asked about how Russia's view of BP had changed. "Whether the company can digest those expenditures, whether they will lead to the annihilation of the company or its breakup into pieces is a matter of expediency." Today's comments follow yesterday's eight hour-long assault on BP chief Tony Hayward by US politicians on Capitol Hill, accusing the oil man of ignoring the risks his company was taking drilling a mile down in the Gulf of Mexico. There was "not a single e-mail or document that you paid even the slightest attention to the dangers at this well," Henry Waxman, joint chairman of the House committee on energy and commerce, told a subdued Hayward Thursday. The Briton said he was "deeply sorry" for the spill, the worst environmental disaster in US history. His grilling came just a day after BP agreed to pay $20bn into a fund to pay for the clean-up of the spill while it also cancelled its dividends for the remainder of this year.
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UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
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Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
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Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: BP trims executive team in operational restructuring

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London close: Stocks slip on renewed geopolitical tensions

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