posted on Nov, 16 2012 @ 05:18 AM
reply to post by Extralien
So, this company is getting a slap on the wrist? That's horrible? They could have been fines 10 billion US and it still would be a slap on the
I can't seem to find accurate figures of how much they made last year ( I have read anywhere from 5 to 25 billion) but they have 135 billion dollars
in market capitalization ( the total value of the issued shares of a publicly traded company)
Back from 2010 "According to estimates from bond rating agency Moody’s, BP has total proven reserves of roughly 18 billion barrels of oil in the
ground, worth some $1.35 trillion at the current price of $75 a barrel. It also has a string of new fields due to move into production over the next
few years, including other wells in the Gulf, along with finds in Azerbaijan, Angola, Egypt and Indonesia. "
So they have reserves.. and who knows how much money they have that's not reported or stuck in Swiss bank accounts. Inflation is causing these prices
to go up all the time and I'll bet it's raised since this 2010 article.
Are the people effected going to see any of this 5 billion? I doubt it. Our greedy Gov no doubt will hog it all.