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U.S. stock futures are soaring Tuesday, and global stocks are pushing further into uncharted territory.
BP will take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 disaster in the Gulf of Mexico.
The deal will help Shell (RDS.A) leverage its position as one of the top three wholesale power sellers in the United States along with boosting its New Energies division.
BP's long financial nightmare may be close to an end. Whether this ends the environmental effect of the incident is less clear.
BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion. The claims were part of the Court Supervised Settlement Program that was set up in the wake of the disaster and included nearly 400,000 cases, BP said. BP shares were down 2 percent by 1117 GMT.
The cost to BP plc (ADR) (NYSE:BP) for the Deepwater Horizon disaster continues to rise, with the company’s latest announcement that it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 Gulf of Mexico incident. BP stock was trading down about 1.5% this morning in London. The incident killed 11 people and triggered the worst offshore oil spill in U.S. history.
Blue-chip stocks edged lower Tuesday, in part as shares of oil producer and market heavyweight BP PLC were pulled lower, while investors awaited a report that could show a slight slowdown in British inflation....
China may have exported a record volume of refined oil products in December, but lower refining margins mean those export levels are likely to drop
In this series, we ranked integrated energy firms based on their expected earnings growth in 4Q17. Then we looked at the 4Q17 estimated earnings for BP (BP), Royal Dutch Shell (RDS.A), and ExxonMobil (XOM).
How far off is BP plc (NYSE:BP) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is fairlyRead More...