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BP still walking the tight rope

Wed, 27/07/2011 - 17:00 by Jamie Anderson

More than a year after the Gulf of Mexico oil disaster, BP is still struggling with a myriad of issues to be addressed.

BP to receive $1bn from partner in blown-out well

Sat, 21/05/2011 - 13:21 by Anter Prakash Singh

BP announced in London Friday that one of its minority partners in the blown-out well in the Gulf of Mexico has agreed to pay $1 billion. The money is being paid as a part of the cleanup costs owed by the BP’s partner, MOEX Offshore.

BP loses personal data of oil spill claimants

Wed, 30/03/2011 - 15:09 by Cooshalle Wilson
In the news again

Just when things could not get any worse for BP, they actually have. Barely had the company recovered from the international outburst over its April 2010 oil spill in the Gulf of Mexico, it is again in the news for all the wrong reasons.

Oil supply disruption could lead to further rise in gas prices

Mon, 10/01/2011 - 14:39 by Anter Prakash Singh

A leak discovered on Saturday morning has led to the shutdown of the Trans Alaska Pipeline System, operated by a consortium in which BP holds the largest share. Though the spill is minimal but it can lead to a short term increase in the already above normal prices of gas.

The Best Stocks for 2011: Valero Energy

Fri, 31/12/2010 - 06:53 by Chuck Saletta

 

This article is part of our "Best Stocks for 2011" series where our Foolish writers pick their top stocks ideas for the year ahead. Click here to see a review of last year's picks and our 12 recommendations for the year ahead.




5 More Beaten-Down Stocks Worth Buying

Fri, 24/12/2010 - 12:03 by Matt Koppenheffer

I don't like to keep any sacred cows in my investing stable. Though I build my portfolio around high-quality, stable, and usually dividend-paying stalwarts, I know that there are many ways to find value in the market.

11 Lumps of Coal to Leave for Good

Fri, 24/12/2010 - 08:11 by Alyce Lomax

 If Santa Claus had the spare time to dabble in investing, he might consider leaving the following stocks in naughty kids' stockings in lieu of lumps of coal:

 

Is Transocean the Perfect Stock?

Thu, 23/12/2010 - 10:49 by Dan Caplinger

Everyone would love to find the perfect stock. But will you ever really find a stock that gives you everythingyou could possibly want? One thing's for sure: If you don't look, you'll never find truly great investments. So let's first take a look at what you'd want to see from a perfect stock, and then decide if Transocean(NYSE: RIG) fits the bill.

U.S. Government to Sue BP

Sat, 18/12/2010 - 09:47 by Alan Oscrof

 Just when BP  (NYSE: BP) looked like its recovery from the Deepwater Horizon disaster was starting to strengthen, here comes news that the U.S. government is suing.

 

Offshore Drilling Headaches Continue

Fri, 03/12/2010 - 12:29 by Toby Shute

In addition to maintaining this moratorium, the administration is also delaying two western and central Gulf lease sales currently scheduled for March and August 2011. This will give the Department of the Interior time to conduct thorough environmental impact studies. Next year could therefore be the first since 1965 to see no new lease sales.

Gulf cleanup costs cut into BP profits

Tue, 02/11/2010 - 22:56 by Prince damin

London -- British petroleum giant BP said Tuesday the Gulf of Mexico oil spill cost $7.7 billion more than expected, cutting sharply into its third quarter profits.

Profits dropped from $5.34 billion in the third quarter of 2009 to $1.79 billion in the third quarter this year, The New York Times reported. Costs from the Gulf of Mexico oil spill had already cost the company $32.2 billion.

The extra charges were a "stark reminder that the fallout from the spill will follow BP for some considerable time to come," said Richard Hunter, the head of British equities at Hargreaves Lansdown Stockbrokers.

BP has not paid shareholder dividends since the oil spill erupted after an April 20 explosion on the Deepwater Horizon surface platform killed 11 workers.

New BP chief plans upgrades

Wed, 29/09/2010 - 20:59 by harsheeb

London -- The man who takes the helm of BP Friday says the company will set up a powerful new global safety division and make other changes in the way it operates.

Robert Dudley, incoming chief executive, said Wednesday BP's new division is designed to improve risk management and safety and also manage agreements with contractors, The New York Times reported.

The changes come in the wake of April's explosion and oil spill that killed 11 people and leaked millions of barrels of oil into the Gulf of Mexico.

Dudley, who was in charge of the Gulf cleanup effort, succeeds outgoing BP chief Tony Hayward who defended the company's safety record at a hearing in London this month.

Dudley said the changes he plans are intended to rebuild trust in BP.