BP delays results in wake of oil spill crisis

first_img Tags: NULL Share Friday 10 September 2010 4:31 am BP delays results in wake of oil spill crisis BP said it would delay the release of its third quarter results by a week because of added complexities in its accounts due to costs associated with the Gulf of Mexico oil spill.BP said in a statement that its third quarter results, normally reported on the last Tuesday of the month after the end of a calendar quarter, would now be released on 2 November, rather than 26 October.A spokesman said the decision followed the company finding the preparation of its previous quarterly results challenging to complete within the normal timeline, and denied it was related to the discovery of any new liabilities.On Wednesday, BP produced an internal investigation into the explosion on the Deepwater Horizon drilling rig, which exploded on 20 April, and sunk, leading to the United States’ worst ever oil spill.The spokesman said the team compiling the report, which laid most of the blame on the companies BP hired to drill the well, had been supported by internal and external lawyers.However, he said the lawyers had been “ring-fenced” from the rest of BP and denied their role was to frame the report – much criticised by the contractors and US politicians – so as to help BP fend off lawsuits.“Their role was to make sure everything in the report was legally watertight,” spokesman Andrew Gowers said. whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ John Dunne whatsapplast_img

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