BP Complaints

billion is just a drop in BP’s very large bucket
NEW YORK—BP holds enough oil in its reserves to single-handedly supply the United States for two years. It has little debt for a company of its size and makes more money than Apple and Google combined.
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Stocks Recover From Early Drop, Oil Rises; Treasuries Pare Gain
U.S. stocks recovered most of an early drop as BP Plc’s plan to put billion into a fund to pay damages from the Gulf of Mexico oil spill eased concern about the company’s future. The dollar and Treasuries pared gains and oil rallied on lower refinery operating rates.
Read more on BusinessWeek

Mitsui, Japan Drilling Drop on BP Oil Spill Fallout (Update2)
June 2 (Bloomberg) — Mitsui & Co. , a holder of a stake in the BP Plc-operated oil field where the Gulf of Mexico disaster is unfolding, fell the most in more than a year in Tokyo trading.
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U.S. Stocks Drop, Sending Benchmark Indexes to Four-Month Lows
June 5 (Bloomberg) — U.S. stocks fell this week, dragging the Dow Jones Industrial Average below 10,000, as lower-than- estimated jobs growth and a worsening government debt crisis in Europe fueled concern the global economic recovery will slow.
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BP shares drop; costs approach billion
LONDON (AP) — Shares in BP PLC plummeted on Tuesday, wiping billions off the British company’s market value, after the failure of its latest attempt to stop the massive Gulf of Mexico oil spill.
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Energy Stocks: Oil drilling stocks drop on offshore ban
Oil drilling companies’ shares fell hard Friday as the prospects for an offshore exploration moratorium hung over the sector in the wake of the Deepwater Horizon disaster in the Gulf of Mexico.
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BP May Rebound as Drop Beats Exxon After Valdez: Chart of Day
May 6 (Bloomberg) — Since the Gulf of Mexico oil spill started in April, BP Plc’s shares have dropped more than three times as fast as Exxon Corp.’s after the larger Valdez disaster in 1989. The difference may mean the London-based company is poised to rebound, JPMorgan Cazenove said.

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BP shares drop further as sellers overwhelm flurry of buying sentiment
LONDON – BP shares continued to fall Friday as the company felt the impact of the massive oil spill from an exploratory well in the Gulf of Mexico. BP shares closed down 1.5 percent at 575.50 pence on the London Stock Exchange, a day after dropping 7 percent in London.

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