BP

A woman passes by an Apple store at the GUM department store in central Moscow on April 27, 2021. Apple said this week that it's pausing the sale of its products in Russia.

World News

One by one, global companies are cutting their ties to Russia

7:53pm March 02, 2022

by David Gura

Companies ranging from General Motors to UPS are exiting or reducing their operations in Russia as wide-ranging sanctions make it all but impossible to operate in the country.

An oil rig towers over houses last week in Nigg, Scotland. Major players in the oil industry expect depressed oil demand and low prices to continue well into next year.

Oil Demand Has Collapsed, And It Won't Come Back Any Time Soon

8:27pm September 15, 2020

by Camila Domonoske

The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.

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This smokestack, left over from a century of copper mining, spewed up to 24 tons of arsenic per day over an area the size of New York City.

Montana Residents Ask Supreme Court To Allow Cleanup Beyond Superfund Requirements

9:36am December 03, 2019

by Nick Mott

Montana property owners are suing BP to clean up arsenic pollution left over from mining. The case is now before the U.S. Supreme Court, and businesses worry it could open them up to huge new costs.

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Is The BP Oil Spill Settlement Money Being Well-Spent?

9:05am February 23, 2016

by Debbie Elliott

Gulf states are starting to spend the first of billions from BP's settlements and fines for the worst environmental disaster in U.S. history — but not all the money is being used for restoration.

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BP Earnings Plunge 91 Percent In 4th Quarter

11:50am February 02, 2016

by Merrit Kennedy

Global oil and gas price drops have done a number on BP's net income, which fell to $196 million from $2.2 billion in the year-ago quarter. The company plans to cut thousands more jobs.

The Deepwater Horizon oil rig explosion on April 20, 2010, killed 11 people and resulted in the nation's largest offshore oil spill.

BP To Pay $18.7 Billion To Settle Gulf Coast Oil Spill Claims

12:31pm July 02, 2015

by Brian Naylor

The agreement with the U.S. government, five Gulf Coast states and more than 400 local governments comes five years after the Deepwater Horizon spill.

Jury Acquits Ex-BP Exec Of Lying In Oil Spill

10:57am June 08, 2015

by Carrie Johnson

Five years after the Justice Department vowed to hold people accountable for the largest oil spill in U.S. history, its prosecution of BP executives has foundered.

The Deepwater Horizon oil rig burned on April 21, 2010.

National

Supreme Court Rejects BP's Challenge To Gulf Oil Spill Settlement

3:13pm December 08, 2014

by Jeff Brady

The oil giant had hoped to limit how much it will pay under a 2012 settlement with people and businesses on the Gulf Coast. BP originally estimated it would pay $7.8 billion to settle claims.

Judge Denies BP's Attempt To Avoid Up To $18 Billion In Fines

12:20pm November 14, 2014

by Bill Chappell

Last month, the company asked the judge to reconsider a ruling that could trigger fines under the Clean Water Act. And on Thursday, he said no. The company says it will appeal.

U.S. District Court Judge Carl Barbier ruled nearly two weeks ago that BP acted recklessly in the 2010 Deepwater Horizon rig accident and oil spill.

National

BP Lawyers Use Old-School Trick; Judge Not Amused

1:04am September 17, 2014

by Jeff Brady

A legal filing tied to the company's Gulf oil spill case was supposed to have been capped at 35 pages. But lawyers for BP got a little creative with the spacing.