BP vows to do better for investors as profit tops forecast
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BP vows to do better for investors as profit tops forecast
STORY: BP’s second-quarter profit easily beat expectations on Tuesday (August 5).\nThe energy major also said it would take action to do better for its shareholders.\nMeasures include reviewing its portfolio of assets and considering more cost cuts.\nCEO Murray Auchincloss has been under pressure to improve profitability.\nEarlier this year ...
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BP Oil Spills
On April 20, 2010, the Deepwater Horizon oil rig exploded in the Gulf of Mexico, 41 miles off the Louisiana coast. The explosion killed 11 workers and injured 17 others. But the disaster was just beginning. The wellhead, nearly a mile underwater, ruptured. BP's blowout preventer failed completely. For 87 consecutive days, crude oil gushed uncontrollably into the Gulf at a rate of up to 53,000 barrels per day. By the time it was finally capped on July 15, 2010, approximately 4.9 million barrels—r
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On April 20, 2010, the Deepwater Horizon oil rig exploded in the Gulf of Mexico, 41 miles off the Louisiana coast. The explosion killed 11 workers and injured 17 others. But the disaster was just beginning. The wellhead, nearly a mile underwater, ruptured. BP's blowout preventer failed completely. For 87 consecutive days, crude oil gushed uncontrollably into the Gulf at a rate of up to 53,000 barrels per day. By the time it was finally capped on July 15, 2010, approximately 4.9 million barrels—r
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BP cut its dividend for the first time in a decade after a record $6.7 billion second-quarter loss and it sought to win over investors by speeding up its reinvention as a lower carbon company https://reut.rs/31htizY | Reuters
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