BP (NYSE:BP) published a report today outlining the causes of the oil rig explosion last April, and subsequent leak in the Gulf of Mexico.
BP’s departing CEO, Tony Hayward, said that a series of events, rather than one mistake, let to the disaster, and that multiple parties, including his company, Halliburton (NYSE:HAL) and Transocean (NYSE:RIG) were to blame.
BP leased the rig from Transocean, and Halliburton was a contractor for some of the activities on the rig.
Several government organizations are also investigating the accident, and a blowout preventer that failed to stop the oil leak has just been recovered, and could yield new information.
Transocean shares are trading up 1.5% Wednesday, while Halliburton shares are trading down over .3%. BP shares are trading up 3.5%.
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