BP plc Returning To Gulf Of Mexico

BP plc (NYSE:BP) has decided to start three new oil drilling rigs in the Gulf of Mexico this year.

BP plc Returning To Gulf Of Mexico

After self-examination following the April 2010 Deepwater Horizon oil spill, the UK based oil giant BP plc (NYSE:BP) is planning to launch three more new rigs in the Gulf to bring its total count in the region to eight.

Bernard Looney, BP plc (NYSE:BP)’s executive in charge of new wells said, “BP plc (NYSE:BP) is expecting to spend $4 billion on new developments in the Gulf of Mexico this year and hopes to invest at least that much every year over the next decade.”

BP plc (NYSE:BP) company shares are currently standing at 43.41.

Price History
Last Price: 43.41
52 Week Low / High: 33.62 / 48.34
50 Day Moving Average: 45.14
6 Month Price Change %: -1.7%
12 Month Price Change %: -5.9%