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BPs Financial loss During the Gulf of Mexico oil spill in 2010

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Introduction

BP?s Financial loss During the Gulf of Mexico oil spill in 2010 BP is a global oil and gas company. It is the third largest energy company and the fourth largest company in the world measured by revenues. BP has operations in over 80 countries and produces around 3.8 million barrels of oil. ...read more.

Middle

There are now also higher financial penalties and compensation for the communities affected. President Barack Obama: ??We will make BP pay.?? Deepwater Horizon Oil well erupts into flames in the Gulf of Mexico. 20 April 2010 ? BP oil spill 19 September 2010 - Well officially sealed Usually when an oil company has an crisis like BP with the Gulf of Mexico its value is decreased but this figure depends on the expected cost of the clean up and compensation damages. ...read more.

Conclusion

Over the period of the crisis BP?s market capitalisation (total shares x share price) went from $170bn pre crisis down to $90bn. This is an $80bn fall on a $40bn event ? this was not rational. Since then the value has recovered to $130bn. This more closely reflects the current expected loss of the event of $40bn against the pre crisis level.This shows the market capitalisation of BP from December 2005 to October 2010 the oil spill in the Gulf of Mexico was during summer 2010. ...read more.

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