BP Plc., the London-based integrated oil and gas company, has always been in the news, mostly for the wrong reasons. Not only has the company been suffering a dent in its reputation due to the 2010 Deepwater Horizon Oil Spill, the ongoing turmoil in the commodity markets has taken a severe toll on its profitability. However, in the last quarter, the company finally managed to reasonably estimate the outstanding claims arising from the oil spill. The cumulative pre-tax charge for the incident is ...
BP Plc., the London-based integrated oil and gas company, has always been in the news, mostly for the wrong reasons. Not only has the company been suffering a dent in its reputation due to the 2010 Deepwater Horizon Oil Spill, the ongoing turmoil in the commodity markets has taken a severe toll on its profitability. However, in the last quarter, the company finally managed to reasonably estimate the outstanding claims arising from the oil spill. The cumulative pre-tax charge for the incident is ...
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