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Violation Tracker Individual Record

Company: BP
Current Parent Company: BP
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $525,000,000
Year: 2012
Date: November 15, 2012
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: oil spill
Mega-Scandal: Deepwater Horizon
Violation Description: BP p.l.c. agreed to pay $525 million to resolve allegations that it misled investors while its Deepwater Horizon oil rig was gushing into the Gulf of Mexico by significantly understating the flow rate in multiple reports filed with the SEC.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.