In the following video, Fool.com contributors Tyler Crowe and Aimee Duffy discuss BP's (BP 0.71%) recent struggles to stay on budget in several ultra deepwater exploration projects. Tyler discusses several of these projects and why the company continues to struggle with rapidly rising costs, tells investors what it means for the company, and questions whether or not these projects are worthwhile.
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BP Can't Keep Its Budget in Order
By Tyler Crowe and Aimee Duffy
–
May 13, 2013 at 9:35AM
NYSE: BP
BP
Market Cap
$110B
Today's Change
(0.71%) $0.28
Current Price
$39.62
Price as of April 25, 2024, 4:00 p.m. ET
Why is BP having such a hard time staying on budget?
Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Oceaneering International. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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