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 Leaders: Biotechnology, Rubber & Plastics
Related symbols: APRI, IMGN, CXDC, KRA
Wednesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: RSH, CONN, AEM, THM
Tuesday Sector Leaders: Electric Utilities, Oil & Gas Exploration & Production Stocks
Related symbols: ED, PPL, FXEN, MPO
Wednesday's ETF with Unusual Volume: IGM
Related symbols: IGM, FB, YHOO, JCOM, ADTN
Wednesday's ETF Movers: FBT, GDX
Related symbols: IMGN, ITMN, AEM, ASR.CA, GDX, FBT
FDN, RUSS: Big ETF Outflows
Related symbols: FDN, RUSS, AMZN, FB
Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
Related symbols: SHW, SWK, O, GT, SM, SPN
Daily Dividend Report: CSX, NTRS, FRC, NGLS, BTE
Related symbols: CSX, NTRS, FRC, NGLS, BTE
Daily Dividend Report: CPG, WHR, VET, SE, NNN
Related symbols: CPG, WHR, VET, SE, NNN
Weekly Market Wrap: April 11, 2014
Related symbols: WY, F, LEN
Weekly Market Wrap: April 4, 2014
Related symbols: TJX, PNC, IR, LINE, LNCO
Weekly Market Wrap: March 28, 2014
Related symbols: NDAQ, FCX, AXP, LOW
Week Ahead Market Report: April 14, 2014
Related symbols: SCHW, KO, BAC, GS
Week Ahead Market Report: April 7, 2014
Related symbols: AA, BBBY, STZ, RAD, FAST
Week Ahead Market Report: March 31, 2014
Related symbols: APOL, MON, MU, KMX
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.