Gulf oil spill: Five numbers that could sink BP CEO Hayward

Gulf oil spill has cost BP nearly half its market value and at least $10 million a day in potential US fines. Can BP CEO Hayward survive those losses?

By , Correspondent

  • close
    An absorbent boom weaves through oil-covered marsh grass at Bay Jimmy near Port Sulpher, La., on June 20. With escalating costs associated with the Gulf oil spill, the pressure on BP CEO Hayward is increasing.
    View Caption

The Gulf oil spill has ballooned into such a corporate disaster that embattled BP CEO Tony Hayward might be excused for wanting to take a day off. A congressional grilling? Escalating estimates of the leak?

Who wouldn't want a little rest and relaxation after a week like that? Yachting might not have been the best choice. Talk show hosts excoriated him for that move over the weekend.On Monday, Mr. Hayward canceled his appearance at an international meeting of oil executives. BP said he was too busy and didn't say where he was.

Even without any public-relations gaffes, however, the bad numbers associated with the Gulf oil spill would be capable of denting anyone's reputation. Here are five BP numbers that can sink a corporate career:

Recommended: The 10 most expensive US natural disasters

1) $2 billion. That's the amount BP has already spent battling the Gulf oil spill (including the more than $105 million the company has paid so far to settle 32,000 claims). It would be one thing if that sum had fixed the problem. So far, the leak from the failed oil well continues.

2) 100,000 barrels a day. That's BP's worst-case scenario for how much oil might be leaking into the Gulf, according to an internal BP document released Sunday by Rep. Edward Markey (D) of Massachusetts, chairman of the Select Committee of Energy Independence and Global Warming. That would be nearly two to three times larger than current estimates.

3) $1,100 per barrel. That's how much BP could be fined for each barrel of oil that escapes into the Gulf under the Oil Pollution Act of 1990. (It could be as high as $4,300 a barrel in the case of "gross negligence.") Given that at least 35,000 barrels per day are leaking into the Gulf and BP claims to be recovering about 25,000, that means at a minimum that BP is racking up fines of $11 million a day. Under the worst case, including a finding of gross negligence, that could rise to $322.5 million.

4) $20 billion. That's the size of the escrow fund that BP and the Obama administration agreed to set up to pay for damages from the spill.

5) $91 billion. The figure represents the amount of market value that BP has lost since April 19, the day before the spill. Back then it was trading a little below $60 a share. Today, it's barely above $30.

It's that final figure by which Hayward ultimately will be judged. Under his watch, the company's value has fallen by nearly half and its reputation is in tatters. BP's board will have to decide if he can survive those numbers.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

eZ debug

Clear cache:

Quick settings:

Timing: Jul 09 2014 06:44:42
Script start
Timing: Jul 09 2014 06:44:42
Module start 'content'
Warning: eZDebug::accumulatorStop Jul 09 2014 06:44:42
Accumulator 'Search' does not exist, run eZDebug::accumulatorStart first
Warning: eZDebug::accumulatorStop Jul 09 2014 06:44:42
Accumulator 'Search' does not exist, run eZDebug::accumulatorStart first
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: path in /var/www/www.csmonitor.com/extension/ezwebin/autoloads/ezpagedata.php on line 158
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: path in /var/www/www.csmonitor.com/extension/ezwebin/autoloads/ezpagedata.php on line 175
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: path in /var/www/www.csmonitor.com/extension/ezwebin/autoloads/ezpagedata.php on line 158
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: path in /var/www/www.csmonitor.com/extension/ezwebin/autoloads/ezpagedata.php on line 175
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_remote_id_ms in /var/www/www.csmonitor.com/extension/csm_base/classes/CSMFunctionCollection.php on line 1028
Warning: eZTemplate:def @ extension/csm_base/design/csm_design/templates/content/datatype/view/ezbyline.tpl:10[1] Jul 09 2014 06:44:42
Variable 'story_source' is already defined.
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_remote_id_ms in /var/www/www.csmonitor.com/extension/csm_base/classes/CSMFunctionCollection.php on line 1028
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_remote_id_ms in /var/www/www.csmonitor.com/extension/csm_base/classes/CSMFunctionCollection.php on line 1028
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_class_identifier_ms in /var/www/www.csmonitor.com/extension/ezfind/classes/ezfindresultnode.php on line 111
Notice: PHP: E_NOTICE Jul 09 2014 06:44:42
Undefined index: meta_remote_id_ms in /var/www/www.csmonitor.com/extension/csm_base/classes/CSMFunctionCollection.php on line 1028
Timing: Jul 09 2014 06:44:42
Module end 'content'
Timing: Jul 09 2014 06:44:42
Before parse_includes
Strict: PHP: E_STRICT Jul 09 2014 06:44:42
Non-static method MugoViewExtras::get_view_extras() should not be called statically, assuming $this from incompatible context in /var/www/www.csmonitor.com/extension/mugo_view_extras/autoloads/template_operators.php on line 37
Warning: eZTemplate:def @ extension/csm_base/design/csm_design/override/templates/extra/archive.tpl:21[1] Jul 09 2014 06:44:42
Variable 'view_extra_node' is already defined.
Timing: Jul 09 2014 06:44:42
After parse_includes
Timing: Jul 09 2014 06:44:42
End

Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0148 sec 1,286.1328 KB1,162.2578 KB
Module start 'content' 0.0148 sec0.7649 sec 2,448.3906 KB11,014.3906 KB
Module end 'content' 0.7797 sec0.0163 sec 13,462.7813 KB386.9844 KB
Before parse_includes 0.7960 sec0.0448 sec 13,849.7656 KB279.1797 KB
After parse_includes 0.8408 sec0.0007 sec 14,128.9453 KB-180.8750 KB
End 0.8415 sec  13,948.0703 KB 
Total runtime:0.8479 sec
Peak memory usage:16,442.8516 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0070 sec0.8252%360.0002 sec
Mysql Total
Mysqli_queries0.0909 sec10.6976%1520.0006 sec
Looping result0.0077 sec0.9059%1420.0001 sec
Template Total0.7952 sec 93.5% 7 0.1136 sec
Template load0.0081 sec0.9570%70.0012 sec
Template processing0.7871 sec92.5950%70.1124 sec
Template load and register function0.0002 sec0.0293%40.0001 sec
states
state_id_array0.0032 sec0.3714%80.0004 sec
state_identifier_array0.0043 sec0.5093%110.0004 sec
override
Cache load0.0074 sec0.8731%560.0001 sec
eZ Find
MoreLikeThis0.0000 sec0.0000%00.0000 sec
Query build0.0067 sec0.7903%10.0067 sec
Engine time0.0188 sec2.2140%10.0188 sec
Search0.2731 sec32.1310%20.1366 sec
Class attribute list0.0891 sec10.4820%10.0891 sec
Sytem overhead
Fetch class attribute can translate value0.0007 sec0.0781%20.0003 sec
Fetch class attribute name0.0002 sec0.0257%100.0000 sec
XML
Image XML parsing0.0087 sec1.0192%20.0043 sec
class_abstraction
Instantiating content class attribute0.0001 sec0.0106%100.0000 sec
General
String conversion0.0000 sec0.0033%30.0000 sec
dbfile0.0054 sec0.6345%450.0001 sec
View Extra building0.0114 sec1.3408%40.0028 sec
Total script time:0.8501 sec

CSS/JS files loaded with "ezjscPacker" during request:

CacheTypePacklevelSourceFiles
01a980f93dc967c6e39d52a11ae2108b_1404899611_all.cssCSS3extension/csm_base/design/csm_design/stylesheets/normalize.css
extension/csm_base/design/csm_design/stylesheets/html5b.css
design/standard/stylesheets/debug.css
extension/ezwt/design/standard/stylesheets/websitetoolbar.css
extension/csm_base/design/csm_design/stylesheets/jquery-ui-1.10.3.custom.min.css
extension/csm_base/design/csm_design/stylesheets/desktop.css
ede0a88fd146f1a095d27fb22227d0e5_1398846822.jsJS2extension/csm_base/design/csm_design/javascript/modernizr.js
extension/csm_base/design/standard/javascript/jquery-1.10.2.min.js
1650da1ba852ac5f9af81af07e8fa105_1404899611.jsJS2extension/csm_base/design/csm_design/javascript/jquery-ui-1.10.4.min.js
extension/csm_base/design/csm_design/javascript/json2.js
extension/csm_base/design/standard/javascript/jquery.cookie.min.js
extension/csm_base/design/csm_design/javascript/jquery.mobile.custom.min.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.arthole.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.sticky.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.csmstory.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.right_column.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.csmstory_editorspickdialog.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.sailthru_signup.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.jcarousel.min.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.history.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.mainNav.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.gallery.js
extension/csm_base/design/csm_design/javascript/plugins/jquery.staffdialog.js
extension/csm_base/design/csm_design/javascript/jQuery.rollChildren.js
extension/csm_base/design/csm_design/javascript/pubService_extended.js
extension/csm_base/design/standard/javascript/csm/csmNew.js
extension/csm_base/design/csm_design/javascript/jquery.quiz.js
extension/csm_base/design/csm_design/javascript/jquery.spectrumQuiz.js
extension/csm_base/design/csm_design/javascript/global.js

Templates used to render the page:

UsageRequested templateTemplateTemplate loadedEditOverride
1node/view/full.tplfull/article.tplextension/csm_base/design/csm_design/override/templates/full/article.tplEdit templateOverride template
14content/datatype/view/ezxmltags/paragraph.tpl<No override>extension/ezwebin/design/ezwebin/templates/content/datatype/view/ezxmltags/paragraph.tplEdit templateOverride template
2content/datatype/view/ezimage.tpl<No override>extension/csm_base/design/csm_design/templates/content/datatype/view/ezimage.tplEdit templateOverride template
12content/datatype/view/ezxmltags/link.tpl<No override>extension/csm_base/design/standard/templates/content/datatype/view/ezxmltags/link.tplEdit templateOverride template
1content/datatype/view/ezstring.tpl<No override>design/standard/templates/content/datatype/view/ezstring.tplEdit templateOverride template
1content/datatype/view/ezxmltext.tpl<No override>design/standard/templates/content/datatype/view/ezxmltext.tplEdit templateOverride template
1content/datatype/view/ezbyline.tpl<No override>extension/csm_base/design/csm_design/templates/content/datatype/view/ezbyline.tplEdit templateOverride template
1content/datatype/view/ezobjectrelationlist.tplcontent/datatype/view/story_images.tplextension/csm_base/design/csm_design/override/templates/content/datatype/view/story_images.tplEdit templateOverride template
1content/datatype/view/eztext.tpl<No override>design/standard/templates/content/datatype/view/eztext.tplEdit templateOverride template
1content/datatype/view/ezstring.tplcontent/datatype/view/image_credit.tplextension/csm_base/design/csm_design/override/templates/content/datatype/view/image_credit.tplEdit templateOverride template
1content/datatype/view/ezxmltext.tplcontent/datatype/view/story_info_box.tplextension/csm_base/design/csm_design/override/templates/content/datatype/view/story_info_box.tplEdit templateOverride template
1content/datatype/view/ezmatrix.tplcontent/datatype/view/ezmatrix_article_related_external_links.tplextension/csm_base/design/csm_design/override/templates/content/datatype/view/ezmatrix_article_related_external_links.tplEdit templateOverride template
1pagelayout.tpl<No override>extension/csm_base/design/csm_design/templates/pagelayout.tplEdit templateOverride template
1modules/mugo_view_extras/extra_cached.tpl<No override>extension/mugo_view_extras/design/standard/templates/modules/mugo_view_extras/extra_cached.tplEdit templateOverride template
1setup/debug_toolbar.tpl<No override>design/standard/templates/setup/debug_toolbar.tplEdit templateOverride template
 Number of times templates used: 40
 Number of unique templates used: 15
 Time used to render template usage: 0.0003 secs