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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
Keywords:
Tags: Oil & Gas, Britain,
BP in 2015- expected legal settlements of $13.7 billion with oil below $50 a barrel
02/03/2015
Grouped Articles
BP Posts Quarterly Loss Amid Oil Price Rout
Wall Street Journal 02/03/2015
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
New York Times 07/02/2015
BP's $4.5 billion legal settlement with the U.S. Justice Department on the Deepwater Horizon rig Gulf oil spill
11/15/2012
The Justice Department took a different approach to the settlement by indicting three BP managers for improper conduct during the Gulf Oil Spill. This was meant to act as a deterrent to other company managers in such situations. BP's oil spill fund and legal liabilities.
Grouped Articles
BP Says Spill Fund Is Running on Fumes
Wall Street Journal 07/30/2013
New York Times 09/29/2014
BP Agrees to Pay $18.7 Billion to Settle Deepwater Horizon Oil Spill Claims
Wall Street Journal 07/03/2015
BP Faces Up to $13.7 Billion in Fines in Deepwater Gulf Spill Case
Wall Street Journal 07/03/2015
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
New York Times 07/02/2015
BP Results Still Hurt by Gulf Spill B1
Wall Street Journal 04/28/2016
BP performance 2015-2016- with lower oil prices and continuing legal settlements
02/03/2015
Grouped Articles
BP Posts Quarterly Loss Amid Oil Price Rout
Wall Street Journal 02/03/2015
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/2015
BP Posts Net Loss of $4.4 Billion in Fourth Quarter
New York Times 02/03/2015
Iran’s Nuclear Deal Could Open Oil Flood
Wall Street Journal 03/17/2015
BP Reports Fall in First-Quarter Profit Amid Weaker Oil Prices
Wall Street Journal 04/28/2015
BP and Total Report Earnings Declines as Falling Oil Prices Hurt Profits
New York Times 04/28/2015
BP's $18.7 billion settlement with states and the U.S. government in July 2015- giving "a path to closure for BP and the Gulf"
07/02/2015
This is the final settlement with states and the U.S. government, bringing costs related to the spill to $54 billion. For BP it helps close the chapter of the Gulf Spill. The $18.5 billion will be paid out in annual payments of $1.1 billion over 18 years, with most of the payment deductible from taxes. After courts had ruled against BP this provides clarity and certainty on costs for investors. It strengthens BP's credit ratings.
Grouped Articles
BP Agrees to Pay $18.7 Billion to Settle Deepwater Horizon Oil Spill Claims
Wall Street Journal 07/03/2015
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
New York Times 07/02/2015
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