BP shares fall 2% on manslaughter report

Laura Miller
clock

BP shares closed down 2.2% in London yesterday on a report its managers could face manslaughter charges following the Gulf of Mexico oil spill, which could lead to much higher fines over the disaster.

US prosecutors are considering whether to pursue manslaughter charges against BP managers for decisions made before the explosion last April on the rig that killed 11 workers and caused the biggest offshore spill in U.S. history, according to a report from Bloomberg. The Department of Justice is investigating possible criminal charges related to the deaths of the workers, a US official said. These charges could include manslaughter, but the official declined to confirm this was under consideration.  BP has admitted mistakes in the run-up to the rig blast but has denied accusations ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Robeco issues investment advice scam warning as fraudsters pose as employees

Robeco issues investment advice scam warning as fraudsters pose as employees

Name and logo used in fraudulent activities

Jenna Brown
clock 02 September 2025 • 1 min read
Laith Khalaf: Trump makes (some) active funds great again

Laith Khalaf: Trump makes (some) active funds great again

42% of active managers have outperformed a passive alternative so far in 2025

Laith Khalaf
clock 02 September 2025 • 3 min read
Aberdeen partners with Titanbay to deepen private markets presence

Aberdeen partners with Titanbay to deepen private markets presence

Firms said the partnership will solve operational delays

Cristian Angeloni
clock 01 September 2025 • 2 min read