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.
Friday Sector Leaders: Semiconductors, Paper & Forest Products
Related symbols: CODE, CEVA, VRS, MERC
Friday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: KGC, AAU, VTG, REN
Thursday Sector Leaders: Education & Training Services, Packaging & Containers
Related symbols: LOPE, STRA, RKT, PKG
Friday's ETF with Unusual Volume: NOBL
Related symbols: NOBL, T, ABBV, ED
Friday's ETF Movers: VPL, GDXJ
Related symbols: IX, NMR, CNL.CA, TRX, GDXJ, VPL
QQQ, SPUU: Big ETF Outflows
Related symbols: QQQ, SPUU, AAPL, MSFT, SPY
Daily Dividend Report: HON, SBUX, IMO, CCI, TWX, COF, HUM, VNO
Related symbols: HON, SBUX, IMO, CCI, TWX, COF, HUM, VNO
Daily Dividend Report: LNC, HII, XOM, CVX, DUK, MPC, MRO, ABX, NEM
Related symbols: LNC, HII, XOM, CVX, DUK, MPC, MRO, ABX, NEM
Daily Dividend Report: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Related symbols: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Weekly Market Wrap: October 31, 2014
Related symbols: GRPN, BAC, ARCP, FB, INTC, PCE, AMTD, IBM, BA, XOM, CVX
Weekly Market Wrap: October 24, 2014
Related symbols: DRYS, F, MSFT, AAPL, TWC, V, TROW, MCK, MCK
Weekly Market Wrap: October 17, 2014
Related symbols: AMD, BAC, AAPL, GE, JNJ, PAYX, CCL, SWK
Week Ahead Market Report: October 27, 2014
Related symbols: F, BAC, AAPL, YHOO, AET, AMP, CBT, CIT, KIM, ALL, ADP, CG, EXC, HES, CIG, GRPN, K, WU, D, XOM, POM
Week Ahead Market Report: October 20, 2014
Related symbols: BAC, AAPL, PFE, AOS, KMB, ABT, DOW, GM, MMM, AAL, DPS, LLY, LO, B, CL, PG, UPS
About The Week Ahead Market Report
All videos » |
Stock market definitions »
BP Alleges Halliburton Destroyed Deepwater Horizon Evidence
| Market News Video | Copyright © 2008 - 2014, 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.