Why is anyone still buying BP gas? They are the WORST company on the planet! Of course, gouging customers and playing fast & loose with rules and regulations, HAS caught up with them. Still, people have died and the ocean took a huge hit due to their negligence. Avoid them if you can.
1. BP leads with $29.2 BILLION in fines, mostly after Deepwater Horizon
UK operator BP has received far more fines from US authorities than any other oil and gas company. The company’s $29.2bn of settlements leave it as the third most-fined company, surrounded on the list by banks. The only other member of the top 10 that is not a bank is Volkswagen, due to its manipulation of vehicle emissions testing.
Most of BP’s payments stem from the 2010 Deepwater Horizon disaster, in which a Gulf of Mexico platform caught fire following a blowout and sank. The resulting oil spill covered approximately 180,000 km² of the Gulf of Mexico. The spill reached the shores of Louisiana, Mississippi, Alabama, and Florida. There, locals were saw their beaches contaminated and wild birds suffering in the oil.
As a direct result, BP received seven of the 10 largest fines ever given to oil and gas companies by US authorities. The largest of these was a $20.8bn fine given by the US Department of Justice (DOJ) in 2015. This marks the largest single environmental fine ever recorded.
In 2020, one decade after the original spill, BP accounted more than $11bn of payables related to the oil spill.
In the same year as Deepwater Horizon, BP agreed to pay the largest logged fine for health and safety violations. These related to the Texas City Refinery explosion, where 15 workers died in a vapour cloud fire. A BP investigation stated that these vapours likely ignited when coming into contact with a vehicle engine.
The company had previously received warnings that the lack of flares could lead to hazardous gas accumulations.
BP Products North America agreed to pay $50.6m, but contested more than $30m of the proposed fine. It also paid “generous”, undisclosed sums to the families of those who died. BP later sold the refinery to Marathon Petroleum, which is now bound by the same settlement BP made.
“Why is anyone still buying BP gas? They are the WORST company on the planet! Of course, gouging customers”
My wife got rid of her BP business card a few years back.
Typical BP crap: The bill would arrive in the mail 1 day before it was due.
Being busy you do not open mail right away.
Bam a $75 late fee.