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Transocean (RIG) got some press yesterday for the $267-million gain it recorded from an insurance settlement for the Deepwater Horizon, its drilling platform in the Gulf of Mexico that burned and sank after the well it was drilling blew on April 22. It also announced net income of $715 million. But deeper in the company’s [...]
Although we’re all watching the ghastly oil spill in the Gulf, other companies have been dealing with their own environmental issues. Thankfully, they’re on a smaller scale, but they may still interest the companies’ shareholders. First, The Pep Boys – Manny, Moe & Jack (PBY) disclosed in yesterday’s 10-Q that it signed a formal settlement [...]
As the massive oil spill in the Gulf of Mexico continues to spread and affects both commerce and the environment, we’ve been taking a look at the disclosures companies are making. This morning we looked at concerns disclosed by companies (other than BP) within the oil sector. In this post, we’ll include some of the [...]
It has been nearly a month since the Transocean Ltd. Deepwater Horizon oil rig exploded on April 20, killing 11 workers and unleashing a torrent of crude oil into the Gulf of Mexico. BP PLC (BP) – which has a 65% interest in the exploration well called Mississippi Canyon 252 – continues to lose millions [...]
