BP Alleges Halliburton Destroyed Deepwater Horizon Evidence Tuesday, December 6, 3:30 PM ET
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 ñ and the costs ñ 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.
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.
Wednesday Sector Laggards: Precious Metals, Entertainment Stocks
Related symbols: HMY, GFI, SFXE, EROS
Wednesday Sector Leaders: Defense, Drugs
Related symbols: HII, LMT, TRVN, RPTP
Tuesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: ACI, BTU, PGH, TPLM
Wednesday's ETF with Unusual Volume: FTCS
Related symbols: FTCS, CSCO, XOM, LMT, CMI
Wednesday's ETF Movers: XBI, GDX
Related symbols: RPTP, TSRO, HMY, GFI, GDX, XBI
UUP, VIXY: Big ETF Outflows
Related symbols: UUP, VIXY
Daily Dividend Report: AVB, HOG, TSS, SNV, PNY
Related symbols: AVB, HOG, TSS, SNV, PNY
Daily Dividend Report: GGP, PKG, LAMR, COR, STC, GEF, SALM
Related symbols: GGP, PKG, LAMR, COR, STC, GEF, SALM
Daily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Related symbols: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
BP Alleges Halliburton Destroyed Deepwater Horizon Evidence
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.