BP to Pay Investors $175m Over Deepwater Horizon Oil Spill
Sunday, 5th June 2016
BP has agreed to pay $175m to settle claims that it deceived shareholders by underplaying the severity of the 2010 Gulf of Mexico oil spill. Their claim was based on the allegation that BP publicly “lowballed” the amount of oil flowing from its Macondo well.
BP to Begin Paying Settlements to Local Governments for Deepwater Horizon Spill
Tuesday, 28th July 2015
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spill.
After Deepwater Horizon Disaster, BP’s Strategy Shits to the East
Thursday, 21st May 2015
As 2011 dawned, BP was desperate to turn the page. For nine months, the crisis-stricken oil major had been weathering the US fallout from the Deepwater Horizon disaster, which killed 11 workers and caused the largest oil spill in history.