BP plc (NYSE: BP) shares lost in price against the background of new fines

BP goes down

In brief: BP plc (NYSE: BP) shares can not stabilize in price. BP plc will pay regular compensation for the tragedy in 2005.

BP plc (NYSE: BP) shares remain in the red zone. The next bad news was forced BP plc decline to 38.38 points, losing -0.41 (-1.06%). BP agreed to pay a fine of $ 50.6 million for safety violations at the plant, located in the U.S. state of Texas, where during the explosion in 2005 killed 15 workers.

U.S. Secretary of Labor Hilda Solis stated that the size of the fine reflects the true extent of violations of BP safety. In addition, the Office of the U.S. Occupational Safety and Health (OSHA) intends to further recover from the British company a fine of $ 30 million for other violations of safety identified by the factory in Texas. In accordance with the concluded agreement with OSHA, a British company until 2016 to send $ 500 million to upgrade safety conditions. According to the company, now BP will fully comply with the requirements of OSHA and to cooperate with management in order to correct the security situation in the factories.

Igor Tringlers
2010-08-13 12:26, Economics.

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One comment к “BP plc (NYSE: BP) shares lost in price against the background of new fines”

  1. Medical Says:

    BP will pay its obligations.

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