$42,200,000,000 (that’s $42.2 billion) is a lot of money…

… but it’s what BP estimates the cost of the Gulf oil spill disaster (which features as Operations Insight 13.2 on page 350).  In order to pay for this, the company is disposing of some of its assets.  For instance, in the first quarter of 2013 it sold its interest in a joint venture for $12 billion.  In the same period of time it made over $4 billion of operating profit.  In this business, every number has 9 zeros….

This entry was posted in Chap 13 Projects and crises, Chap 17 Internationalisation and CSR, Sector: Energy & Utilities and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.