Wall Street PR

BP (NYSE:BP) Agree to Pay $4B for Settlements OF criminal Charges – BP, FCX, HAL, VALE, COP

BP plc (NYSE:BP) declared on Friday that it has signed agreement with the United States government, subject to court agreement, to determine all federal criminal charges and all asserts by the SEC against the firm stalking from the Deepwater Horizon accident and oil spill.

The company (NYSE: BP) agree to pay $4B, including $1.25B in criminal fines, in installments over a time of five years. BP has also decided to a term of five years’ trial.

The London-based oil giant settled to plead responsible to 11 felony counts of delinquency or neglect of ships officers’ related deaths; one misdemeanor count below the Clean Water Act; one wrong count under the Migratory Bird Treaty Act; and one crime count of obstruction of Congress.

BP plc (ADR) (NYSE:BP) stock hit highest price at $40.20, beginning with a price of $40.15 and reported decreased -0.60% to $40.06 at  10:30AM EST with day range of $36.25-$48.34. The total market capitalization remained $127.23 billion, current volume was 144,304.00 shares surprisingly higher than its average volume of 6.02 million shares.

To check the Stocks ups and downs, BP last week stock price volatility remained 1.60% and month was at 1.51%. BP generated revenue of 381.05 billion in the following twelve months income of $17.65 billion. The Company showed a positive 4.70% in the net profit margin and in addition to in its operating margin which remained 7.18%. Company’s annual sales growth for the past five year was 7.10%.

The BP past twelve months price to sales ratio was 0.34 and price to cash ratio remained 7.71. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX)’s P/S 2.00% P/C 9.50%, Vale SA (ADR) (NYSE:VALE)’s P/S 1.85% P/C 10.32%, ConocoPhillips (NYSE:COP)’s P/S 1.05% P/C 52.26%, Halliburton Company (NYSE:HAL)’s P/S 1.00% P/C 13.87%.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page (https://plus.google.com/103338576216002376250).