Jack B. Moore Western Hemisphere Operations. Moore was the president and CEO of the company already in 2010 when a BP oil rig exploded (called the Deepwater Horizon oil spill). It killed eleven workers and spilled millions of gallons of oil into the Gulf of Mexico. This caused one of the worst environmental disasters in US history. The company paid BP over $80 million in a negotiated settlement. Moore has a B.B.A. from the University of Houston. He is a graduate of the Advanced Management Program at Harvard Business School. Moore serves on the board of directors for the American Petroleum Institute (AP!)l,
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP