BP

U.S. Companies Park Profits Overseas, Avoid Taxes

Large American companies are parking more of their profits overseas. A Wall Street Journal analysis found that 60 big companies shielded more than 40 percent of their annual profit from U.S. taxes.

North Sea Crude Oil Pipeline Shut Down

The Brent pipeline system has been shut down for the second time this year, following the discovery of a leak at one of its platforms. The platform,...

BP Gulf Spill Trial Set to Begin

Nearly three years after the explosion and sinking of an oil rig in the Gulf of Mexico that killed 11 workers and spilled 5 million barrels of oil, a...

BP Ready to Litigate Instead of Settle

BP PLC (NYSE: BP) has decided that the best way to repent from the sins it took on with the Gulf of Mexico disaster is to litigate. According to The...