BP one year on: How events unfolded

BP ONE YEAR ON

clock • 2 min read

On the first anniversary of the explosion on BP's Deepwater Horizon oil rig that caused one of the worst environmental disasters in US history and saw the oil giant's share price plunge more than 50% in 50 days, we recap the key events...

2010 20 April - Explosion on the Deepwater Horizon oil rig in the Gulf of Mexico killed 11 people and injured 17. 26 May – Over 130 lawsuits relating to the spill had been filed against one or more of BP, Transocean, Cameron International Corporation, and Halliburton Energy Services. The group said 23,000 individual claims had already been filed. 9 June - BP's stock hit its lowest level since August 1996, falling 52% in 50 days on the New York Stock Exchange, from $60.57 on 20 April to $29.20. 16 June - After meeting President Obama, BP executives agreed to create a $20bn spill ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK inflation falls to 2.6% in March amid warnings of further price rises
UK

UK inflation falls to 2.6% in March amid warnings of further price rises

CPIH at 3.4% in March

Sorin Dojan
clock 16 April 2025 • 2 min read
UK retail sales defy expectations but outlook is taxing
UK

UK retail sales defy expectations but outlook is taxing

YoY retail sales growth below three-month average

Beth Brearley
clock 15 April 2025 • 2 min read
Treasury launches support package for businesses hit by tariffs
UK

Treasury launches support package for businesses hit by tariffs

£20bn in UKEF support

Sorin Dojan
clock 14 April 2025 • 2 min read
Trustpilot