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BP announced that it was setting up a new unit to oversee management of the oil spill and its aftermath, to be headed by former TNK-BP chief executive Robert Dudley, [67] who a month later was named CEO of BP. [66] On 1 October, BP's London Stock Exchange price reached 439.75 pence, the highest point since 28 May. [68]
Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On April 20, 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
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BP is the fourth-largest investor-owned oil company in the world by 2021 revenues (after ExxonMobil, Shell, and TotalEnergies). [8] BP had a market capitalisation of US$98.36 billion as of 2022, placing it 122nd in the world, [9] [10] and its Fortune Global 500 rank was 35th in 2022 with revenues of US$164.2 billion. [11]
BP more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion, joining rivals in reporting bumper profits that have sparked ...
A spokeswoman for BP said that the relationship did not represent a breach of BP’s code of conduct and had been “fully and appropriately disclosed” to the group. [4] Auchincloss is one of the highest paid executives in the United Kingdom. His 2023 pay packet stood at £8 million ($10 million). [5]
Shareholders of BP (NYS: BP) will remember 20 April 2010 for a long time to come. Until then they were a pretty satisfied bunch of people. The share price had been rising steadily over the past ...