L) second-quarter profit slumped by nearly two thirds from last year as it grappled with BP profits slump after huge oil spill charge government bodies, taking cumulative pretax charges for the Macondo rig explosion and. BP: profits and disaster. Other Creators. Gaviria, Marcela. Lustgarden, Abraham. Lyman, Will. Smith, Martin. Enhance TV. ProPublica (Firm); Rainmedia (Firm). BP profits halved in , to $12bn, as the company felt the impact of asset sales, writedowns and charges related to the Gulf of Mexico disaster.
(CNN) -- Oil giant BP is back in the black, announcing profits of $ billion just a year after the Deepwater Horizon disaster left it facing heavy. BP said it had finally drawn a line under the Deepwater Horizon disaster as chief executive Bob Dudley set out a “much stronger outlook for BP”. Can BP be blamed for looking after the company's bottom line? After such a costly disaster the equilibrium between profit and responsibility.
BP meanwhile took another $m hit for the second quarter in financial costs linked to the Deepwater Horizon disaster, a deadly explosion on a BP-leased drilling rig in that unleashed the worst environmental disaster in US history. That took its total bill for the catastrophe to about $65bn. BP: rebuilding trust after a disaster . After the Deepwater Horizon disaster, he called every BP board Opening Quote: Daimler profits down. A Fortune investigation reveals that the disaster was a long time in . As a result BP's profit per employee was half that of Exxon (xom, %). BP is nearing the end of the $65bn (£47bn) Deepwater Horizon compensation years on from the Gulf of Mexico disaster, which affected everyone from fishermen . Trump tax cut to dent BP profits by $bn, company warns. L) second-quarter profit slumped by nearly two thirds from last year as it taking cumulative pretax charges for the Macondo rig explosion and.