Shares of BP plc (NYSE: BP) fell as much as 13% in Europe, their largest drop in 18 years, on news that the company’s “top kill” effort had failed and the relief wells to stop the worst oil spill in U.S. history may take three months to drill.
The company said the costs of the clean-up have hit $900 million. It faces higher clean-up costs and suits from state governments in the region.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
