• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

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

Extracts from this document...

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.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Case Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Case Studies essays

  1. unit 8 business online p1

    from a catalogue in store and buy them and have them delivered. * The business sells Home & Garden, Electrical Appliances, Furniture, Technology, Toys and Gifts & Flowers etc. * It is a Tertiary sector * It was founded in 1864 * At John Lewis Around 69,000 employees works for the business.

  2. Would the opening of a fast food restaurant on Riddy lane (Luton) represent a ...

    From the results of my questionnaire 72% of the people I surveyed said they would walk to the fast food restaurant and 28 % said they would travel buy car.

  1. This marketing report is going to look at the internal and external analysis of ...

    best deal * There are many suppliers in the market, selling similar products therefore it is easy to find the same or similar products within the industry * It is expensive to enter the industry. Competitors Mark Warner Holidays Ltd obviously has a lot of competitors in the holiday industry.

  2. Business coursework- comparing the operations, aims and objectives of Tescos and Sejuice juice bar

    By doing this Tesco can attract more customers. With these other services like insurance customers would be more eager to shop or buy anything form Tesco. Tesco sell non-food items such as televisions to help achieve their aim. Recently Tesco have opened a new store on the Colwick industrial estate in Nottingham which is purely for non-food.

  1. This GCSE coursework is about setting up a free-range egg unit in the Retford ...

    Age: 16-25 26-35 36-45 46-55 56-65 65+ 3. What sort of eggs do you currently normally purchase? Free range Barn Battery Don't know 4. Battery hens are kept in cages, stacked in tiers with very little room for movement, no natural light and with no opportunity to venture outdoors or express their natural behaviour.

  2. Unit 5 - Customer Services A lvl

    The special needs category will range from, customers that would be blind, deaf and wheelchair bound. It would be vital for the business to obtain one of their menus but would be a brail menu so that blind customers are able to know what services that the business provides.

  1. Critical Success Factors in a Competitive Dairy Market

    To achieve efficient service times, the company utilizes proven, standardized training processes for its employees and new drive-thru layouts to reduce service times. Along with speed, McDonald's also competes by offering prices at a low cost. Cost To offer high quality products at low cost, requires efficient processes throughout the entire McDonald's organization.

  2. Investigating a business and what business do - London Heathrow Marriott (LHM) and Tescos.

    For example Tesco?s have their very own website where you can ensure that THE Information will be reliable. Whereas I can gather information locally for LHM because of it being a local business for example gathering leaflets, interviewing staff, using newspapers for my bibliography and also other hotel recommendation websites

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work