• 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 ...

    the leaflets would keep cost low also it will allow a business to specifically aim at a target audience who may use the product as it would be unlikely for any other promotion method to aim specifically at an area which may use the product, for example a newspaper would

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

    Therefore locals are likely to support a welfare friendly free-range egg production unit being set up in the area. Opinions are confirmed here showing that 18/20 = 90% of people in the Retford area would not be opposed to a free-range hen farm setting up in the Retford area.

  2. Unit 5 - Customer Services A lvl

    Also they provide portioned food at reasonable prices. Pre-transactional, Transactional, and Post-transactional Pre-transactional From Pizza Hut, customers would expect pizza hut to have food prepared before they would actually go into such as the buffet for example already for customers to go up and help themselves. Customers would also expect a line to call the organisation on to

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

    room with someone of the same sex and of a similar age to yourself which would allow you to meet someone easier. With their family holidays, Mark Warner provides childcare facilities from 4 months up to 17 years. They provide sports packages and offer tuition for all ages and salons

  2. Critical Success Factors in a Competitive Dairy Market

    * More recently, McDonald's began offering a value menu, consisting of many individual items costing only $1.00 each. First tested in southern California, the value menu has proved to be very successful and has been since incorporated to the individual stores (Zuber 2).

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

    The business objective would be to decide how much money will be put in (outflows) to make it and their estimated profits for the first three months when it is released to consumers and how much profit they should have made.

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

    Tesco?s vision is; ?Their vision is for Tesco to be most highly valued by the customers Tesco?s serve, the communities in which Tesco?s operate, their loyal and committed staff and their shareholders; to be a growth company; a modern and innovative company and winning locally, applying their skills globally.?(20)

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