BP Plc will defend itself against claims over 2010’s Gulf of Mexico oil spill at a trial next week after failing to reach a settlement with the U.S. and individual states. “We have always been open to settlements on reasonable terms,” Rupert Bondy, group general counsel at BP, said today […]
Tag: BP Plc
BP plans 3.7 billion pound share buyback: report
BP Plc (LSE:BP.) plans to spend up to 3.7 billion pounds ($5.9 billion) buying back its shares after agreeing last week to pay record criminal penalties over the Deepwater Horizon disaster, Britain’s Sunday Times said in an unsourced report. BP said on Thursday it would pay $4.5 billion to resolve […]
BP to pay $4.5 billion to U.S. in oil spill plea deal
BP Plc will pay a $4 billion penalty and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the country’s history, the company said on Thursday. The company will also pay $525 million to settle securities claims with U.S. regulators. In […]
