Tag Archives: BP plc (ADR) (BP)

BP plc (ADR) (BP)

BP plc (ADR) (BP) Takes A Sigh of Relief With Elongated Decision Time, Shares Jump Despite of Poor Quarterly Results

BP plc (ADR) (BP) Takes A Sigh of Relief With Elongated Decision Time, Shares Jump Despite of Poor Quarterly Results

The shares of BP plc (ADR) (NYSE:BP) soared in excess of 3 percent in the regular trading session after a lawyer said that the court might reveal Deepwater Horizon (2010) oil spill fine after April only when it receives post-trial briefs from the U.S. government. It is excellent news for the company, which reported lower

BP plc (ADR) (BP)

BP plc (ADR) (BP)’s Oil Spill Fines Cut to $13.7 Billion Against Earlier $18 Billion Government Estimate

The shares of BP plc (ADR) (NYSE:BP) witnessed slight positive movement in the extended hour trading after a U.S. judge ruled out the $18 billion fine settlement from the government and restricted maximum fines to $13.7 billion. At the same time, the judge overruled government’s estimate of 4.2 million barrels of oil spill. In the

BP plc (ADR) (BP)

BP plc (ADR) (BP) Might Cut Off Russian Investments After $18 Billion in Penalties

After a federal judge ruling going against the company, BP plc (ADR) (NYSE:BP) might consider reducing its exposure in Russia. The disinvestment is quite possible considering the current political stress between Moscow and other western countries. Earlier, a U.S. district judge in New Orleans, Carl Barbier, found BP plc (ADR) (NYSE:BP) guilty in the 2010

BP plc (ADR) (BP)

BP plc (ADR) (BP) Wants Gulf Spill Claims Administrator Replaced Due to Conflict of Interest

Oil giant BP plc (ADR) (NYSE:BP) has moved to a US court seeking to have Patrick Juneau who was appointed by a court to administer the Gulf Oil Spill claims replaced, citing conflict of interest. The company claims that the lawyer, who had previously represented some claimants, is approving claims in a manner that isn’t

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