New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:08 EDTBPBP $4B guilty plea wins final approval
BP yesterday announced that the U.S. District Court for the Eastern District of Louisiana has accepted the company’s plea resolving all federal criminal charges against the company stemming from the Deepwater Horizon accident, oil spill, and response. The company offered its plea to the Court and was sentenced in connection with the agreement BP reached with the Department of Justice on November 15, 2012. As previously announced, BP will pay $4B over a period of five years and will serve a term of five years’ probation. Pursuant to the terms of the plea agreement, the Court also ordered certain equitable relief, including additional actions related to BP’s risk management processes as well as several initiatives with academia and regulators to develop new technologies related to deepwater drilling safety. In addition, as outlined in the company’s November 2012 agreement with the DOJ, BP will appoint a process safety monitor and an ethics monitor, both with a term of four years, and an independent auditor will report annually on BP’s compliance with the remedial terms of probation.
News For BP From The Last 14 Days
Check below for free stories on BP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 22, 2014
06:39 EDTBPBP drops $9.3B on fuel stations, exploration in Australia, Bloomberg says
Subscribe for More Information
August 11, 2014
07:04 EDTBPBP's risk from Russian sanctions muted, says RBC Capital
RBC Capital said in the unlikely situation that BP were to relinquish its Rosneft stake due to Russian sanctions, the impact would be muted and shares would still offer 15% upside. The firm believe upside potential more than compensates the risk and reiterates its Outperform rating.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use