Guess which company the blue line represents?
Says CanOils Database (from which the image comes via press release):
BP stands out with its spectacular $17 billion reported loss in the second quarter, and even if we look at its underlying performance by removing the effects of non-recurring items, growth in adjusted earnings was just 15% – much lower than any of its peers. (see Normalised Net Income graph below). So not much cheer to report here.
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Well, BP did at least stop the oil flow and the cemented well seems to be holding. Plus, the digging on the relief wells is not too far from completion so “bottom kill” — the long expected final solution to the leak — may be a reality soon.
I’m not sure that’s worth cheering, but a nice golf clap in probably in order.