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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 483.00
Bid: 481.65
Ask: 481.80
Change: 0.45 (0.09%)
Spread: 0.15 (0.031%)
Open: 479.30
High: 483.25
Low: 477.30
Prev. Close: 482.55
BP. Live PriceLast checked at -

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US to sue BP over Gulf of Mexico oil spill

Thu, 16th Dec 2010 07:33

Shares in BP were under pressure Thursday after the US government filed a civil lawsuit against it and eight other companies over the Deepwater Horizon oil rig explosion and the subsequent oil spill in the Gulf of Mexico.The complaint, which has been filed at a District Court in New Orleans, names eight other defendants including the insurer Lloyds of London, rig owner Transocean and oil exploration group Anadarko. The US is seeking unlimited damages.Halliburton, which supplied cement to plug the well, is not named in the lawsuit.Fines could exceed $21bn (£13.4bn), on top of the $30bn BP has already paid in compensation, if it is accused of gross negligence and this is proven. Damages are being sought under the Clean Water Act, which prohibits the unauthorised discharge of oil into US waters, and allows the US to seek damages of $1,100 for each barrel of oil spilled. "We intend to prove that these defendants are responsible for government removal costs, economic losses and environmental damages without limitation," said US Attorney-General Eric Holder."Even though the spill has been contained, the department's focus on investigating this disaster and preventing future devastation has not wavered."Assistant attorney-general Tony West said: "We have not asked for damages at this point because it's going to take years to fully quantify what the damages are."BP responded to the filing of the lawsuit, saying: "The filing is solely a statement of the government's allegations and does not in any manner constitute any finding of liability or any judicial finding that the allegations have merit."
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JPMorgan Cazenove downgrades BP to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded BP on Wednesday to 'underweight' from 'neutral' and cut the price target to 550p from 615p.

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LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

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1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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1 Nov 2023 07:40

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31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

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31 Oct 2023 15:41

London close: Stocks finish mixed, Rolls-Royce jumps on upgrade

(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.

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31 Oct 2023 11:52

LONDON MARKET MIDDAY: Stocks up despite Eurozone recession fear

(Alliance News) - Stock prices in Europe were higher at midday Tuesday, despite new data adding to fears that the Eurozone may sink into recession.

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31 Oct 2023 08:54

LONDON MARKET OPEN: Stocks rise; BP shares fall on profit miss

(Alliance News) - The FTSE 100 opened in the green on Tuesday, despite a share price fall for BP, one of the index's largest constituents, amid more positive trading sentiment in Europe and the US.

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31 Oct 2023 08:50

TOP NEWS: BP third quarter revenue falls, calls another share buyback

(Alliance News) - BP PLC shares fell early on Tuesday, after the London-based oil major saw underlying replacement profit fall in the third quarter, although it rose at a statutory pretax level, while revenue fell.

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31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

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BP announces $1.5bn buyback as Q3 underlying profits rise 27%

(Sharecast News) - Oil titan BP has announced a new $1.5bn share buyback after reporting an underlying replacement cost profit of $3.3bn for the third quarter - but the bottom line came in well under market forecasts.

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Tuesday preview: BP in the spotlight

(Sharecast News) - Financial markets' focus on Tuesday will be on the Bank of Japan as its top officials meet to decide on monetary policy.

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27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

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