Shares of BP (BP) jumped to the highest level in six months on media reports that Royal Dutch Shell (RDS.A) considered bidding for the British company during the Gulf Oil disaster.
BP shares climbed 5% to 488.85 pence at 10:00 GMT, Reuters reported. …
One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion…
BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A).
BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.
The other four oil companies said they would spend $1 billion on…
Continue reading BP Will Join Other Oil Giants in Spill Response Group
BP Will Join Other Oil Giants in Spill Response Group originally appeared on DailyFinance on Tue, 21 Sep 2010 06:49:00.
Filed Under: Energy, Company News, Technology, Exxon Mobil, Green, BP, Chevron