Use access key #2 to skip to page content.

EnvestorFirst (< 20)

BP: Keeps On Keepin' On



June 23, 2011 – Comments (0) | RELATED TICKERS: BP

As we call know, BP has a rough road lately. Despite the bumps in the road they have had to overcome, they continue to maintain their strength and keep moving forward. Their deal in Russia ended up being more trouble than it was worth, yet, they continue on. Julia Werdigier put together information about BP’s continues exploration projects.


 "…BP’s chief executive, Robert W. Dudley, said Wednesday that “very quietly BP is getting on with its strategy of exploration” in Australia, Brazil, Azerbaijan and Great Britain…

…Mr. Dudley’s plan to explore in the Arctic through a share swap and cooperation agreement with Rosneft, Russia’s state-controlled energy company, was announced in January. But it collapsed last month after BP’s partners in TNK-BP took legal action to block the deal. Those partners, a group of Russian billionaires, claimed the deal violated their shareholder agreement with BP…"


Read the entire article here:


0 Comments – Post Your Own

Featured Broker Partners