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 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 …
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 …
Volkswagen's battered shares pose the same risks for traders as BP's oil spill in 2010, which also threw up tempting trading opportunities but burnt investors who got their bets wrong. Volkswagen's stock has slumped some 30 percent …
If this were a normal company, under normal conditions, this would be one wacky reaction to an oil giant axing its dividend. But this is BP. And the additional clarity offered by news that the company is cutting its previously declared first quarter ...
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 …
WASHINGTON - House Republican leader John Boehner bought BP and other oil company stock last year while other lawmakers were a little more fortunate, getting rid of BP stock before the oil spill caused the environmental disaster in …
(Newser) – BP's stock price jumped 7% on the news that the company had managed to plug the oil well in the Gulf of Mexico, TheStreet reports. Though the company still has 48 hours until it completes tests on its new cap (itself only 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 …