How Costly Is The Biggest Offshore Oil Spill In U.S. History For BP?
- BP has been charged with gross negligence with regards to the 2010 Gulf of Mexico spill, which killed 11 and spewed oil in waters that were in contact with five states.
- The company might have to pay up to $4,300 per wasted barrel, which sums up to be over $17 billion.
- BP has fallen 26 percent since the oil spill four years ago, which saw the then CEO Tony Hayward sacked and a halt in dividends.
- Hayward's replacement, Robert Dudley has been working on asset sale campaigning to raise funds to streamline BP.
- These numbers clearly depict that while BP has had a tumultuous time since the oil spill in 2010, the company's pain is only going to get worse with the verdict.