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BP, Transocean Shrug Off Scathing Oil Spill Report

Posted January 06, 2011 8:29 AM

From Yahoo! News: Science News:

Shares in BP and Transocean rose on Thursday as investors bet a new U.S. Presidential panel report that spread the blame for the country's worst-ever oil spill meant the firms would avoid the massive costs of a gross negligence charge. BP's London-listed shares were up 1.6 percent at 507.6 pence at 1100 GMT (6 a.m. ET), while shares in Transocean's Swiss-listed shares were up 3.9 percent. The STOXX 600 European oil and gas sector index was up 1.2 percent, on higher oil prices.

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#1

Re: BP, Transocean Shrug Off Scathing Oil Spill Report

01/07/2011 9:35 PM

Typical.

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