Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BP plc    BP.   GB0007980591

BP PLC (BP.)

Delayed Quote. Delayed  - 07/29 05:35:23 pm
426.85 GBp   +0.05%
07/30 BP : investing $12.5 million in firefighting building
07/30DJOil Price Retreat Slams Producers -- WSJ
07/29DJHAROLD HAMM : Low Crude Prices Hammer Big Oil Companies -- Update
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

BP plc : U.S. Justice, Gulf states crafting BP spill settlement

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/23/2013 | 11:05pm CEST

The U.S. government and Gulf Coast states are considering offering BP Plc a deal under which it pays $16 billion to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, the Wall Street Journal reported on Friday.

The deal would cover the company's potential penalties under the Clean Water Act and payments under the Natural Resources Damage Assessment, the newspaper said, citing sources familiar with the discussions.

It was unclear if the deal has been formally offered to BP. The U.S. Justice Department declined to comment.

A settlement could avert a bruising courtroom battle over the worst ever U.S. offshore oil spill slated to start on Monday in New Orleans, although the trial may begin as the terms of the deal are hammered out.

A settlement would also put a solid number on BP's costs under the Clean Water Act, which range from $4.5 billion to $17.5 billion, as well as potential natural resources damage assessments to the states under the Oil Pollution Act.

"BP doesn't talk about possible offers or negotiations, but I can tell you we are ready for trial and looking forward to the opportunity to present our case starting Monday," BP spokesman Geoff Morrell said when contacted by Reuters.

BP has spent or committed $37 billion on cleanup, restoration, payouts, settlements and fines. That includes an estimated $8.5 billion deal with most plaintiffs and a record $4.5 billion in penalties, and a guilty plea to 14 criminal counts to resolve criminal charges from the Justice Department and civil claims from the U.S. Securities and Exchange Commission.

BP has said it would settle on "reasonable terms," but was prepared to go to trial if the demands were "excessive and not based on reality."

(Reporting by Karl Plume in Chicago; Editing by Vicki Allen and Gunna Dickson)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BP PLC
07/30 BP : investing $12.5 million in firefighting building
07/30DJOil Price Retreat Slams Producers -- WSJ
07/29DJHAROLD HAMM : Low Crude Prices Hammer Big Oil Companies -- Update
07/29DJLow Crude Prices Hammer Big Oil Companies
07/29 BP : loses money for third quarter in a row
07/29DJLow Crude Prices Hammer Big Oil Companies
07/29DJItaly's Eni Posts Loss on Weak Oil Price
07/29DJItaly's Eni Posts Loss on Weak Oil Price -- Update
07/29 BP : cuts cash for cultural institutions
07/29DJCrude Slump Weighs On Oil Firms' Earnings -- WSJ
More news
Sector news : Oil & Gas Refining and Marketing - NEC
07/30DJOil Price Retreat Slams Producers -- WSJ
07/30 Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
07/29 Inventory reduction curbs U.S. economic growth; rebound expected
07/29 Petrobras sells oilfield asset to Statoil for $2.5 billion
07/29 ENBRIDGE : profit misses slightly, hurt by Fort McMurray wildfire
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
07/30 Bad times for big oil - more pain may lie ahead, analysts say
07/29 Refiners to cut production as margins shrink, Phillips 66 CEO says
07/29 GE RESHAPES ITS BUSINESS : Digital Is The Trend
07/29 Oil & Gas Stocks Have Clear Growth Ahead Through 2040
07/28 Quarter 2 Earnings Heading In The Wrong Direction - Week 3 Part I
Advertisement
Financials ($)
Sales 2016 187 488 M
EBIT 2016 5 887 M
Net income 2016 2 498 M
Debt 2016 32 579 M
Yield 2016 7,04%
P/E ratio 2016 46,35
P/E ratio 2017 15,58
EV / Sales 2016 0,74x
EV / Sales 2017 0,60x
Capitalization 105 535 M
More Financials
Chart BP PLC
Duration : Period :
BP plc Technical Analysis Chart | BP. | GB0007980591 | 4-Traders
Full-screen chart
Technical analysis trends BP PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 6,11 $
Spread / Average Target 8,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Cynthia Blum Carroll Independent Non-Executive Director
Paul Milton Anderson Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BP PLC22.61%105 535
EXXON MOBIL CORPORATIO..14.11%368 841
ROYAL DUTCH SHELL A16.88%209 745
CHINA PETROLEUM & CHEM..-3.43%87 136
SAUDI BASIC INDUSTRIES..--.--%65 616
RELIANCE INDUSTRIES LI..0.56%49 307
More Results