BOSTON (Reuters) - As early word of BP’s Deepwater Horizon blowout began spreading, investors panicked. After closing above $60 before the April 20 disaster, the energy giant’s shares plunged almost 20 percent in New York, to below $50, …
The state is holding onto 170 million dollars worth of BP stock and bonds despite their falling value and the financial trouble the company is causing Florida. When the state took on big tobacco in the early 90’s, it sold all its stock in …
WASHINGTON — A multimillionaire House Republican who owns thousands of shares of BP stock has no plans to recuse himself from a congressional investigation related to the Gulf oil spill or from votes on Capitol Hill that could affect his …
The oil majors, including BP plc (ADR) (NYSE:BP), are under pressure. Oil prices are down almost 20% since climbing to $57.01 in January. BP stock has slipped by about 5% in the same period. Source: Mike Mozart via Flickr Lingering …
Shares of BP Plc (BP.L,BP_UN.TO,BP) were losing around 2 percent in the morning trading in London after the British energy giant said Tuesday that it now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth …
Mark Feroglia of High Springs backed off on his decision to buy BP stock when its value sank by half after the oil rig explosion that has dumped tens of thousands of barrels of oil a day into the Gulf of Mexico. The 61-year-old retiree said …
Has the world’s largest charitable foundation started shifting away from fossil fuels? The Bill and Melinda Gates Foundation sold off its $187 million stake in the oil giant BP sometime between September and December of 2015, according to a …
BP shares are tumbling in London today after the U.S. government sued the company for its involvement with the summer's Gulf oil spill disaster. If found guilty, BP could be forced to fork over more than $21 billion, according to the FT. That's in …
But BP’s stock tumbled anyway over the mounting costs of the disaster and the company’s inability to plug the leak sooner. Meanwhile, the first tropical depression of the Atlantic season formed in the Caribbean, raising concerns about …