BP p.l.c. 2010 AR2
The report highlights BP's performance and response during the challenging year of 2010, which was deeply impacted by the tragic Deepwater Horizon accident and oil spill in the Gulf of Mexico. In response, the company established the Gulf Coast Restoration Organization, committed to a twenty-billion-dollar trust fund for claims, and initiated a major restructuring of its upstream business into three functional divisions. Financially, BP recorded a replacement cost loss driven by a forty-point-nine-billion-dollar pre-tax charge related to the incident, while successfully securing twenty-two billion dollars in asset divestments. Despite these challenges, the company replaced one hundred and six percent of its proved reserves and resumed quarterly dividend payments by early 2011.
Company: BP p.l.c.
Sector: Professional & technical services
Country: United Kingdom
Year: 2010
Type: AR2
Pages: 272
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BP p.l.c.
Annual Report And Form 20-F
The report highlights BP's performance and response during the challenging year of 2010, which was deeply impacted by the tragic Deepwater Horizon accident and oil spill in the Gulf of Mexico. In response, the company established the Gulf Coast Restoration Organization, committed to a twenty-billion-dollar trust fund for claims, and initiated a major restructuring of its upstream business into three functional divisions. Financially, BP recorded a replacement cost loss driven by a forty-point-nine-billion-dollar pre-tax charge related to the incident, while successfully securing twenty-two billion dollars in asset divestments. Despite these challenges, the company replaced one hundred and six percent of its proved reserves and resumed quarterly dividend payments by early 2011.
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Document Details
Report Year
2010
Reporting Period
Jan 1, 2010 - Dec 31, 2010
Fiscal Year
2010
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Workplace Fatalities
Employees