BP shareholder losses

The Deepwater Horizon was a deepwater, offshore oil drilling rig owned by Transocean (RIG) and contracted to the operator BP Pic. (BP). On April 20, 2010, while drilling at the offshore BP Macondo Prospect, there was a blowout on the rig 

After the spill, the US Environment Protection Agency (the EPA) barred BP from bidding for new work in the Gulf of Mexico and supplying fuel to the military. The ban was lifted in March 2014. 

The point here is that shareholders who entrusted their capital to the care of the BP management team were rewarded with subpar performance when compared to the performance of other organizations in this segment of industry over that same period of time. The verdict of the capital markets was clearly one which showed less confidence in the BP management team than other organizations competing within the industry. 

These repercussions may seem of little consequence when compared to the losses suffered by the families of those who perished in the tragic Horizon incident, but the lasting financial impacts the BP organization felt in the aftermath of the disaster continues to put them at a disadvantage compared to their peers. 

---