BP plc (LON:BP) Fighting On

A legal challenge is expected by BP plc (LON:BP) in response to the US government's attempts to fine it for the Gulf of Mexico spill. BP plc (LON:BP) Fighting On Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full BP chart at Wikinvest The decision to challenge the federal government's official approximation of how much oil spilled out from the company's runaway well in the Gulf of Mexico is considered as a move that could decrease its officially authorized liability by billions of dollars, according to the credentials that the company filed with the presidential commission inspecting the spill. BP (LON:BP) is arguing that Uncle Sam’s approximation may be exaggerated by between 20 and 50 percent. Under the U.S. Clean Water Act, the company will have to pay a fine of $4,300 per barrel dripped. BP plc (LON:BP) shares stood at 435.2 at the end of the last trading session (last trade 3 Dec 16:35). If you’re contemplating investing in BP plc (LON:BP) shares, make sure you make the trade at the right price. Timing the market or technical analysis is often a hard task, but do take into account the historical price data: Price History Last Price: 435.2 52 Week Range: 296.00- 459.20 Last Vol: 34823536 3 Month Vol: 33429700 We’ll be keeping a close eye on the BP plc (LON:BP) stock level for developments over the next couple of weeks.
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