Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.
Dudley said “that given the current estimates of …
Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.
Dudley said “that given the current estimates of …
BP (BP) will delay the release of its third quarter earnings by one week to give the company more time to incorporate data and disclosures related to the oil spill in the Gulf of Mexico.
BP’s earnings will now be released on Nov. 2, Dow Jones Newswires said.
“When we reported second quarter it was a bit of a scramble,” a BP spokesman told Dow Jones Newswires. “We needed more time…
Continue reading BP to Delay Third Quarter Earnings Report by One Week
BP to Delay Third Quarter Earnings Report by One Week originally appeared on DailyFinance on Fri, 10 Sep 2010 08:59:00.
Filed Under: Energy, Company News, Technology, People, Earnings, Green, BP
A report by BP (BP) says that “multiple companies and work teams” are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean.
“It is evident that a series of complex events, rather than a …