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Stock Market & Financial Investment News

News Breaks
November 15, 2012
11:10 EDTBPBP announces $4.5B spill settlement with United States government
BP announced that it has reached agreement with the United States government, subject to court approval, to resolve all federal criminal charges and all claims by the SEC against the company stemming from the Deepwater Horizon accident, oil spill, and response. BP has agreed to plead guilty to 11 felony counts of Misconduct or Neglect of Ships Officers relating to the loss of 11 lives; one misdemeanor count under the Clean Water Act; one misdemeanor count under the Migratory Bird Treaty Act; and one felony count of obstruction of Congress. This resolution is subject to U.S. federal court approval. As part of its resolution of criminal claims with the U.S. government, BP will pay $4B, including $1.256B in criminal fines, in installments over a period of five years. BP has also agreed to a term of five years’ probation. Under the resolution with the Department of Justice, a total of $2.394B will be paid to the National Fish & Wildlife Foundation over a period of five years. In addition, $350M will be paid to the National Academy of Sciences over a period of five years. The resolution also provides for the appointment of two monitors, both with terms of four years. BP said the aggregate amount of the resolution is approximately $4.5B, with payments scheduled over a period of six years. Today's resolution is expected to result in an increase of approximately $3.85B to the $38.1B charge taken against income as of the end of September.
News For BP From The Last 14 Days
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September 29, 2014
06:28 EDTBPRoyal Dutch Shell, BP in running for Abu Dhabi oil deal, The Telegraph says
Royal Dutch Shell (RDS.A) and BP (BP) are in the final running for a deal to operate oil fields in Abu Dhabi's onshore fields. , reports The Telegraph. Suhail Al-Mazrouei, minister of energy for the United Arab Emirates and a member of the Gulf state’s powerful Supreme Petroleum Council, said both companies remained under consideration, adding that "they have been legacy partners, and we hope they will have a chance and play a role in the future of the oil industry in Abu Dhabi.” Reference Link
September 25, 2014
11:12 EDTBPBP volatility increases, shares at nine-month low
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09:36 EDTBPActive equity options trading on open
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06:11 EDTBPStocks with implied volatility below IV index mean; BP HD
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September 24, 2014
13:15 EDTBPJudge says BP can't seek restitution of 2010 Gulf oil spill claims, AP says
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12:49 EDTBPJudge says BP can't seek restitution of spill claims, Bloomberg reports
September 22, 2014
16:00 EDTBPOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
September 18, 2014
16:00 EDTBPOptions Update; September 18, 2014
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September 17, 2014
07:40 EDTBPUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
07:39 EDTBPMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.

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