BP spill costs up to $2.65B; denies CEO resigning |
Forbes - Jun 28, 2010 |
BP's mounting costs for capping and cleaning up the Gulf of Mexico spill have reached $2.65 billion, the oil giant said Monday, but the company denied reports out of Russia that CEO Tony Hayward is resigning.
The company's expenses climbed $100 million per day over the weekend, according to an SEC filing Monday, as engineers eyed a tropical storm heading toward Mexico that was expected to miss the oil spill area but could still generate disruptive waves and winds.
It was a rocky start to the week after BP ( BP - news - people ) PLC stock fall 6 percent Friday in New York to a 14-year low. BP has lost more than $100 billion in market value since the deep-water drilling platform it was operating blew up April 20, killing 11 workers and starting the massive leak that has fouled the coastline in four states.
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- Posted: 2010-06-28 10:40:15
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