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Originally Posted by BFT3K
The basic fines this spill will cost them will likely come to WELL OVER $10 BILLION DOLLARS, and that does not even include cleanup costs, health-related lawsuits, loss of income lawsuits, and on and on!
You think they will pay up, or just fold?
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Quote:
Originally Posted by Amputate Your Head
Let's hope they don't fold up. At least not until after they fork for their fuckup.
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They will stop the leak, clean it up and continue business as usual. True, it's going to cost them a lot, but they have an amazing balance sheet and proven earnings behind them to cover this is full. It will be a major dent in the company history, but they will survive.
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Originally Posted by Coup
if you think BP will actually pay a dime of any judgement awarded against them any time soon, you're dreaming.
exxon hasn't paid anything towards the judgements from the exxon valdez yet.
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Stop the communist bullshit propaganda and ty to check some facts next time. But I know, communists usually don't like the fact but prefer to live in their dreamworld since the real world don't function they way they want it to. See below, thanks to theking for his addition:
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Originally Posted by theking
Yes they have...paid in full...as per the last judgement...but they fought in the courts for years and paid a substantially reduced amount from what the original judgement was.
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Quote:
Originally Posted by Rochard
They made four billion dollars last quarter alone. I'm guessing they can stay afloat for a little while.
But I also think this is just the very beginning of this problem.
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Please check things before you post, don't spread around numbers when you obviously have no clue. BP made around 6 billion US Dollars in profit during the first quarter of this year, as noted by Zorgman
Quote:
Originally Posted by Zorgman
I read somewhere BP made 6 billion profit for a 1/4 period. 10 billion in fines is nothing for them.
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BP will fix this, cover the costs and then continue doing business, because their business is a very stable one and also very profitable. It might take them 2-3 years to recover their costs and then they're back to being profitable again. In the offshore industry, this is of course huge sums of money, but after all, it's all a cost of doing business.