- BP (BP +0.7%) says its Macondo well leaked 2.45M barrels of oil into the Gulf of Mexico in the 2010 disaster, nearly 2M less than the U.S. government’s estimate, as it prepares for phase two of the trial over the spill, set to begin Sept. 30.
- BP says the U.S. estimates are based on a "flawed approach" and "faulty assumptions," according to court filings.
- The argument will make a difference of up to $7B in the penalties facing BP under the Clean Water Act, which can reach a maximum $4,300/bbl in cases of gross negligence or willful misconduct; BP has accepted its employees were negligent, implying a lower penalty of up to $1,100/bbl, but denies the other accusations.
From other sites
at Zacks.com (Thu, 2:40PM)
at MarketRealist.com (Mon, 3:05PM)
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, BP, Royal Dutch Shell and TOTAL - Press Releasesat Zacks.com (Mar 19, 2015)
at Zacks.com (Mar 10, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs