BP Complaints

Dems to Transocean: Delay dividend payouts
VENICE, La., June 25 (UPI) — Senate Democrats asked Transocean officials to delay paying about billion in dividends until it finalizes its obligations for the Gulf of Mexico oil spill. Transocean – Oil spill – Gulf of Mexico – Environment – Energy
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US Coast Guard Cutter Marlin Operations

Image by Deepwater Horizon Response

BP agrees to suspend dividend payments, create compensation fund and cut spending
BP PLC says it will suspend its dividend for the rest of this year and set up a billion fund to assure victims of the Gulf oil spill that they will be compensated for their losses.
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(AFX UK Focus) 2010-06-16 20:23 CORRECTED-UPDATE 1-BP cuts dividend, capex, assets for oil spill fund
LONDON, June 16 (Reuters) – Oil giant BP said it would cut four quarters of dividends, significantly reduce its investment program and sell billion of assets to fund a planned billion fund to pay for its Gulf of Mexico oil spill. The commitments, outlined in a statement on Wednesday, are harsher penalties than most investors had expected and follow BP chairman Carl-Henric Svanberg’s …
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BP agrees spill fund, cuts dividend
Will sell assets to raise compensation funds; govt to run escrow account. 17 Jun 2010 11:27 AM
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Following a meeting with the President of the United States, the BP Board announces an agreed package of measures to meet its obligations …
BP press releases

BP agrees to suspend dividend, shares fluctuate
By BY DAVID KOENIG AP Business Writer BP PLC says it will suspend its dividend for the rest of this year and set up a billion fund to assure victims of the Gulf oil spill that they will be compensated for…
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BP board to consider dividend delay
The board of BP is meeting to consider demands to defer second-quarter dividend payments to fund the clean-up and compensation claims from the Gulf of Mexico oil spill.
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Obama Scolding BP on Dividend Favors Fishermen Over Retirees
Miriam Sullivan stands to lose about ,000 a year of her retirement income if BP Plc suspends its dividend because of the Gulf of Mexico oil spill.
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Dividend worries weigh on BP shares
Shares in BP PLC are falling further amid fears the British oil company will bow to U.S. political pressure to cut dividends to help pay for the Gulf of Mexico disaster.
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BP Should Suspend Dividend, Tally Oil-Spill Costs, Senators Say
June 3 (Bloomberg) — BP Plc , struggling to control its gushing oil well in the Gulf of Mexico, should suspend its annual dividend until clean-up and liability costs are determined, two U.S. senators said.
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