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BP Alleges Halliburton Destroyed Deepwater Horizon Evidence
Tuesday, December 6, 3:30 PM ET

Halliburton (NYSE:HAL) shares are taking a hit today after BP (NYSE:BP) alleged the company destroyed evidence related to the rig explosion and oil spill disaster in 2010.

BP made the charges in court filing in New Orleans.

BP said Halliburton, which was providing cement services aboard the Deepwater Horizon rig, destroyed information that showed the mix of cement it was used was faulty.

BP has sought to share the blame and the costs for the catastrophe with its partners at the Macondo well.

Anadarko Petroleum (NYSE:APC), a 25% owner of the well, settled with BP in October.

Transocean (NYSE:RIG), which leased the rig to BP, and Halliburton have resisted settling.

Halliburton shares are trending lower Tuesday.

Investors may also want to keep an eye on the Oil Services HOLDRS (AMEX:OIH) ETF today, which includes Halliburton and Transocean in the top five holdings.

Other major oil services stocks in the fund include Schlumberger (NYSE:SLB) and Baker Hughes (NYSE:BHI).

The iShares Dow Jones U.S. Oil Equipment & Services Index Fund (AMEX:IEZ) also includes sizeable chunk of Halliburton stock.

For MarketNewsVideo.com, I'm Sayoko Murase.

BP Alleges Halliburton Destroyed Deepwater Horizon Evidence picture
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BP Alleges Halliburton Destroyed Deepwater Horizon Evidence | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

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