Entering text into the input field will update the search result below

BP allegedly overcharged California on natural gas sales

Nov. 13, 2014 6:23 PM ETBP p.l.c. (BP) StockBPBy: Carl Surran, SA News Editor12 Comments
  • California has joined a whistle-blower lawsuit against BP, alleging the company overcharged the state by as much as $300M for natural gas over nearly a decade.
  • The lawsuit says California gave BP an exclusive deal to provide $2B in natural gas for state government agencies, universities and medical centers; the case alleges BP sellers routinely charged above market price and the company reaped a profit margin at least 3x more than the contract allowed.
  • BP denies the allegations.

Recommended For You

About BP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
BP--
BP p.l.c.