BP one year on: How events unfolded

clock

A year on from the explosion on BP's Deepwater Horizon oil rig that caused one of the worst environmental disasters in US history and saw the oil giant's share price plunge more than 50% in 50 days, we recap the key events...

2010 20 April - Explosion on the Deepwater Horizon oil rig in the Gulf of Mexico killed 11 people and injured 17. 26 May - Over 130 lawsuits relating to the spill had been filed against one or more of BP, Transocean, Cameron International Corporation, and Halliburton Energy Services. The group said 23,000 individual claims had already been filed. 9 June - BP's stock hit its lowest level since August 1996, falling 52% in 50 days on the New York Stock Exchange, from $60.57 on 20 April to $29.20. 16 June - After meeting President Obama, BP executives agreed to create a $20bn spill r...

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

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read