BP Oil Spill Cost Hits $40 Billion, But Company Returns To Profit
BILOXI, Miss. — BP PLC is once again reporting profits even with an estimated $40 billion price tag for the response to its blown out well in th...
BILOXI, Miss. — BP PLC is once again reporting profits even with an estimated $40 billion price tag for the response to its blown out well in th...
AP | Posted 05.25.2011
LONDON — BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastro...
Wall Street Journal | MONICA LANGLEY | Posted 05.25.2011
WASHINGTON--The Obama administration and BP PLC are close to a deal to use future revenues from the oil giant's Gulf of Mexico operations to guarantee...
Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011
In 1989, when the Exxon Valdez tanker spewed 11 million gallons of oil onto the Alaskan coastline, the state was deep in the throes of a recession. To...
AP | JANE WARDELL | Posted 05.25.2011
LONDON — BP PLC said Monday that the Gulf of Mexico oil spill has cost the company $350 million so far as it outlined renewed efforts to contain...
HuffPost Radio | Posted 05.25.2011
Obama did some arm twisting this week, resulting in BP's $20 billion escrow fund for victims of the Gulf Oil Spill disaster. Was he right to do it the way he did?
AP | Posted 05.25.2011
NEW ORLEANS — BP PLC has repeated its promise to pay all "legitimate" claims resulting from the oil spill in the Gulf of Mexico after a warning ...
Georgianne Nienaber | Posted 05.25.2011
While headlines are screaming about thick, gooey oil washing up on Louisiana's beaches, killing bottlenose dolphins and sea turtles, and "tendrils" of...
Think Progress | Posted 05.25.2011
BP's daily profits dwarf the daily cost of spill response, and at the current rate, the company could cover the entire cost of cleanup thus far in jus...
AP | BRIAN SKOLOFF and JANE WARDELL | Posted 05.25.2011