how much did the deepwater horizon oil spill cost bp
Deepwater Horizon oil spill The spill had a strong economic impact to BP [256] and also the Gulf Coast's economy sectors such as offshore drilling, fishing and tourism. Estimates of lost tourism dollars were projected to cost the Gulf coastal economy up to 22.7 billion through 2013. In addition, Louisiana reported that lost visitor spending through the end of 2010 totaled $32 million, and losses through 2013 were expected to total $153 million in this state alone.[257][258] The Gulf of Mexico commercial fishing industry was estimated to have lost $247 million as a result of postspill fisheries closures. One study projects that the overall impact of lost or degraded commercial, recreational, and mariculture fisheries in the Gulf could be $8.7 billion by 2020, with a potential loss of 22,000 jobs over the same time frame.[258][259] BP's expenditures on the spill included the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs, including fines and penalties.[260] As of March 2012, BP estimated the company's total spill-related expenses do not exceed $37.2 billion.[261] However, by some estimations penalties that BP may be required to pay have reached as high as $90Â billion.[262] In addition, in November 2012 the EPA announced that BP will be temporarily banned from seeking new contracts with the US government.[26] Due to the loss of the market value, BP had dropped from the second to the fourth largest of the four major oil companies by 2013.[263] During the crisis, BP gas stations in the United States reported a sales drop of between 10 and 40% due to backlash against the company.[264]
Efforts to stem the Deepwater Horizon oil spill On September 10, Allen said the bottom kill could start sooner than expected because a "locking sleeve" could be used on top of the well to prevent excessive pressure from causing problems. BP said the relief well was about 50 feet (15Â m) from the intersection, and finishing the boring would take four more days.[51] On September 16, the relief well reached its destination and pumping of cement to seal the well began.[52] Officials said on September 18 that the cement pumped in from the base of the well had completed the sealing of the well.[53] On September 19, after pressure testing, Allen declared the well "officially dead".[54]
Deepwater Horizon oil spill The Deepwater Horizon oil spill (also referred to as the BP oil spill, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) is an industrial disaster that began on 20 April 2010, in the Gulf of Mexico on the BP-operated Ma,[6][7][8][9] it is considered the largest marine oil spill in the history of the petroleum industry and estimated to be 8% to 31% larger in volume than the previous largest, the Ixtoc I oil spill. The U.S. government estimated the total discharge at 4.9 million barrels (210 million US gal; 780,000 m3).[3] After several failed efforts to contain the flow, the well was declared sealed on 19 September 2010.[10] Reports in early 2012 indicated that the well site was still leaking.[11][12]
Deepwater Horizon oil spill The Deepwater Horizon oil spill (also referred to as the BP oil spill, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) is an industrial disaster that began on April 20, 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect. Killing eleven people,[6][7][8][9] it is considered the largest marine oil spill in the history of the petroleum industry and estimated to be 8% to 31% larger in volume than the previous largest, the Ixtoc I oil spill. The U.S. government estimated the total discharge at 4.9 million barrels (210 million US gal; 780,000 m3).[3] After several failed efforts to contain the flow, the well was declared sealed on September 19, 2010.[10] Reports in early 2012 indicated that the well site was still leaking.[11][12]
Dividend yield Its reciprocal is the Price/Dividend ratio.
Deepwater Horizon oil spill The Deepwater Horizon oil spill (also referred to as the BP oil spill/leak, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) is an industrial disaster that began on 20 April 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect,[6][7][8][9] considered to be the largest marine oil spill in the history of the petroleum industry and estimated to be 8% to 31% larger in volume than the previous largest, the Ixtoc I oil spill. The U.S. government estimated the total discharge at 4.9 million barrels (210 million US gal; 780,000 m3).[3] [10]After several failed efforts to contain the flow, the well was declared sealed on 19 September 2010.[11] Reports in early 2012 indicated that the well site was still leaking.[12][13]