BP Steadily Moving Beyond Gulf Spill Disaster
Excerpt:Or, looked at another way, it's less than the $5. 5 billion in profit the British oil giant made between June and September of this year. BP is not fully past the Deepwater Horizon disaster, the 2010 explosion that killed 11 workers and led to the largest oil spill in U.S. history. The company has so far set aside $42 billion to pay fines and damages resulting from the spill, and that amount may yet grow. But the company is steadily resolving the spill's legal issues and has nearly met its target for asset sales to help pay for the spill's costs. In the process, BP PLC has reshaped itself into a somewhat smaller company — but one that's still a large and profitable force in the oil industry. "The danger is not over," Christine Tiscareno an analyst at S&P Capital IQ in London.
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Christine Tiscareno
Overall Sentiment: -0.141348
Relevance: 0.230959
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0 | "It adds to their chest of ammunition," she said. ... |
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Bob Dudley
Overall Sentiment: -0.167445
Relevance: 0.148076
Dan Gordon
Overall Sentiment: -0.294077
Relevance: 0.121633
Phil Weiss
Overall Sentiment: 0.321157
Relevance: 0.121426
Sentiment | Quote |
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0.368391 | "The strategy is good," said Phil Weiss, ... |
0.300713 | "The strategy is good," said Phil Weiss, an analyst at Argus Research. "But we still have to see execution." |
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Jordan Diamond
Overall Sentiment: 0
Relevance: 0.115792
Jay Austin
Overall Sentiment: 0
Relevance: 0.108717
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Additional Info:
Organization: BP
Overall Sentiment: -0.16448
Relevance: 0.857143
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BP Steadily Moving Beyond Gulf Spill Disaster
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A big fine _ covered by a quarter's profit. BP gets step closer to moving beyond Gulf spill
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