RSS Feed
 |
 |
 |
|||||
US seeks $ 20bn BP pay-out is the title in the FT today. Did you ever wonder if BP can afford this? You would expect a large multi-national in the Oil & Gas industry to be able to pay for this, but, did you check BP's financial statements?
BP has about $ 6bn in cash, did you know that? Of course BP has inventory, accounts receivables, etc. which accounts for a much larger value, but you don't make up a fund with that. The cash value is just $ 6bn.
Good luck to the US to get $ 20bn out of BP...
|
|||||||
 |
 |
 |
