Hints and tips:
...Meanwhile, Hess shares fell 3.5 per cent to $58.02, ConocoPhillips shares dropped 2.1 per cent to $42.87 and Halliburton shares declined 1.8 per cent to $45.21....
...Jason Gammel, an analyst at Jefferies, said he had modelled Clean Water Act penalties of $10bn, and revising that up to $17.6bn would translate into an additional loss of 23p per share....
...US oil services group Halliburton beat estimates in its earnings report delivered before the bell, but noted weakness in the North American market....
...Meanwhile, oilfield services group Halliburton rose 9 per cent to $40.57 even as it said first-quarter profit slowed....
...Jason Kenney, an analyst at Santander, said: “From the perspective of a BP shareholder, it’s quite a tough outlook....
...The choice includes Jason Furman, a senior economic adviser to Mr Obama, and Mignon Clyburn and Jessica Rosenworcel, two current FCC commissioners....
...“It is in everyone’s interests for a settlement to be agreed,” says Santander oil analyst Jason Kenney, who notes that wrangling over the Exxon Valdez spill dragged on for two decades....
...Jason Kenney, an analyst at Santander has argued that the $3.5bn “should maybe be considered as a maximum figure with risk to the downside possible,” given the BP had consistently denied gross negligence...
...BP and Halliburton are engaged in a war of words via filings to a New Orleans court....
...Halliburton defied the market, falling just 0.8 per cent to $33.13 after Goldman Sachs resumed coverage of the oilfield services sector with a “positive” outlook....
...Halliburton fell 6.8 per cent to $34.08, not helped by allegations from BP that the company had intentionally destroyed evidence relating to the Deepwater Horizon disaster in the Gulf of Mexico last year...
...Halliburton fell 5.6 per cent to $33.57, Noble Corp fell 3.3 per cent to $34.04 and Baker Hughes was off 3.9 per cent to $50.72, as the number of rigs in active use on global oilfield fell by 39 to 3,683...
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