VOICED:BP share price dives on oil spill concerns

The BP oil spill in the Gulf of Mexico, caused by an offshore rig explosion, has led to significant environmental and financial repercussions for the company. BP has accepted full responsibility and is facing cleanup costs, lawsuits, and a damaged reputation. The incident has also resulted in human casualties and threatens local livelihoods. This is not BP's first major incident, as a previous explosion in Texas also caused significant harm. The company's financial stability and reputation are at risk, with potential long-term impacts.

What event led to the oil spill in the Gulf of Mexico?

• A hurricane

• A pipeline rupture

• An offshore rig explosion

• A tanker collision

How much is BP reportedly spending daily on the oil spill cleanup?

• $1 million

• $3 million

• $6 million

• $10 million

What was the percentage drop in BP's share price following the accident?

• 8%

• 15%

• 5%

• 12%

What is a potential long-term consequence for BP beyond financial losses?

• Higher stock prices

• Damage to reputation

• Improved public relations

• Increased oil production

What previous incident in 2005 also tarnished BP's reputation?

• A pipeline leak in Alaska

• A gas leak in California

• An oil refinery explosion in Texas

• A tanker spill in the Atlantic