bp hit by new 17bn gulf oil spill charge
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

BP hit by new $1.7bn Gulf oil spill charge

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today BP hit by new $1.7bn Gulf oil spill charge

BP hit by new $1.7bn Gulf oil spill charge
London - Al Maghrib Today

British energy giant BP said Tuesday it will take an additional charge of $1.7 billion (1.4 billion euros) in the fourth quarter of 2017 linked to the Gulf of Mexico oil spill disaster in 2010.

And BP said in a statement it also expects to be hit by an additional $3.0 billion of Gulf-related costs this year, up from a previous estimate of $2.0 billion.

This brings BP's total cost linked to the disaster -- including fines and compensation to businesses -- to around $65 billion at the end of 2017.

"With the claims... work very nearly done, we now have better visibility into the remaining liability," BP chief financial officer Brian Gilvary said in a statement.

"The charge we are taking as a result is fully manageable within our existing financial framework, especially now that we have the company back into balance" on higher oil prices, he added.

Following the announcement, BP's share price traded down 1.7 percent at 523.6 pence on London's FTSE 100 index, which was flat overall in morning deals.

BP saw its fortunes and reputation ravaged by the devastating oil spill disaster eight years ago caused by an explosion at the Deepwater Horizon drilling rig that the company leased.

The blast killed 11 men off the coast of Louisiana and caused 134 million gallons (507 million litres) of oil to spew into Gulf waters, sparking the worst environmental catastrophe in US history.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bp hit by new 17bn gulf oil spill charge bp hit by new 17bn gulf oil spill charge

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bp hit by new 17bn gulf oil spill charge bp hit by new 17bn gulf oil spill charge

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 20:57 2017 Tuesday ,26 December

Erdogan Arrives in Port Sudan

GMT 12:39 2017 Sunday ,10 September

Leadership's unlimited support

GMT 08:42 2013 Wednesday ,18 September

Kuwaiti crude price down $1.44 to $107.04 per barrel

GMT 13:05 2016 Tuesday ,26 January

China fears halt market recovery

GMT 20:15 2016 Tuesday ,14 June

QNB raises $2.75bn in tier 1 notes sale

GMT 20:57 2014 Wednesday ,17 September

Egypt Mufti Shawki Allam wraps up visit to Lebanon

GMT 17:10 2012 Thursday ,10 May

Israeli forces detain Gaza fishermen

GMT 15:38 2016 Friday ,22 July

ANB reports $417.9m net profit in first half

GMT 15:54 2015 Sunday ,08 February

British stars vie for BAFTA glory ahead of Oscars

GMT 15:31 2017 Thursday ,05 January

Morocco’s GDP to Increase by 3.9% in 2017 Q1: HCP

GMT 12:21 2015 Saturday ,29 August

Wheat stock beyond safe limits

GMT 14:16 2011 Tuesday ,11 October

Hazy weather with chance of rain forecast in UAE

GMT 15:36 2015 Friday ,04 September

Bob Geldof offers to house four Syrian families

GMT 13:36 2017 Friday ,04 August

Egyptian, Algerian foreign ministers hold talks

GMT 11:48 2017 Sunday ,26 March

US stocks decline on Trump policy uncertainty

GMT 17:53 2017 Wednesday ,19 April

President of Croatia Meets Qatar's Ambassador
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday