BP to Begin Scaling Back Oil Cleanup
Filed under: Good news, From the Boards, BP p.l.c. ADS (BP), OilTwo weeks ago, BP plc (BP) was able to stop oil from spilling into the Gulf of Mexico. The company announced today that it was time to being scaling back on the cleanup process.
Since the ...
Closing Bell: Official Win, but Mixed Bag (BP, DPZ, X, VLO, RF, RMBS, NBG)
Filed under: BP p.l.c. ADS (BP), U.S. Steel (X), Valero Energy (VLO)This was another day where the real closing verdict of red or black was unknown right up until the closing bell. The day looked very mixed from index to index and sector to sector. Con...
Costs for BP Oil Spill Hit $2 Billion
Filed under: BP p.l.c. ADS (BP)Monday morning, BP (BP) announced that the costs of the Gulf of Mexico oil spill have hit $2 billion.
What's more, it is the 60th day for the Deepwater Horizon oil spill, and it sure doesn't seem like a solution is forthc...
BP Trades Lower as CEO Testifies Before Congress
Filed under: From the Boards, Law, Scandals, BP p.l.c. ADS (BP), Politics, OilShares of BP plc (BP) closed today's trading slightly lower, as the company's CEO, Tony Hayward, appeared before Congress today to discuss the oil blowout in the Gulf of Mexi...
Exxon Mobil and Chevron Executives Say BP Spill Unlikely to Repeat
Filed under: Exxon Mobil (XOM), Scandals, Chevron Corp (CVX), BP p.l.c. ADS (BP), Politics, OilIn the wake of the environmental disaster stemming from the BP (BP) oil spill in the Gulf of Mexico, Congress summoned oil officials to testify over the safe...
Apple iPhone: Season and Psychology over Substance
Filed under: Products and Services, Rants and Raves, Competitive Strategy, Apple Inc (AAPL), Exxon Mobil (XOM), BP p.l.c. ADS (BP), iPhone, Headline NewsThe world learned the details about the Apple Inc. (AAPL) iPhone 4G from Steve Jobs yesterday, and ...
Obama Changes Course and Will Reopen Oil Drilling
Filed under: BP p.l.c. ADS (BP), Politics, OilFaced with the prospect of losing 40,000 jobs due to the oil-drilling moratorium, President Obama is set to reopen oil drilling. A letter by the National Ocean Industries Association states: The moratorium ...
BP Oil Spill Liability Estimated at $40 Billion
Filed under: Forecasts, Scandals, BP p.l.c. ADS (BP)
BP Plc (BP) is facing many problems as a result of the oil spill in the Gulf of Mexico -- and now we are getting an idea of the financial ramifications of the...
Criminal Investigation Launched over BP Oil Spill
Filed under: Major Movement, Other Issues, Law, Scandals, BP p.l.c. ADS (BP), Oil
It really is hard to believe that is has been six weeks since BP plc (BP)'s oil well exploded and sank in...Cambridge’s Yergin Say Spill Is Major Energy Policy Setback
Filed under: BP p.l.c. ADS (BP)
One of oil industry's most respected analysts is calling the BP plc. (ADR) (BP) oil spill in the Gulf of Mexico a major setback for both climate and energy policy."This is a really major setback both for climate and of...