$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….

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

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