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
An explosion and fireball rocked San Bruno, Calif., destroying 53 homes and killing at least one person. The explosion apparently came from a high-pressure gas line.
Fire shot hundreds of feet into the air at 6.15 pm local time Thursday, KTVU reporte…
Oil prices advanced to nearly $75 a barrel in Asia after a report showed that U.S. crude oil inventories dropped more than forecast, suggesting improved demand.
Benchmark oil for delivery in October rose 32 cents to $74.99 a barrel late Thursday afternoon Singapore time in electronic trading on the New York Mercantile Exchange, according to The Associated Press.
U.S. crude oil…
Continue reading Oil Prices Near $75 a Barrel in Asia on U.S. Inventories
Oil Prices Near $75 a Barrel in Asia on U.S. Inventories originally appeared on DailyFinance on Thu, 09 Sep 2010 07:05:00.
Filed Under: Energy, Technology, Economy, Green