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Violation Tracker Individual Record

Company: BP America Inc.
Current Parent Company: BP
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,750,000
Year: 2023
Date: July 7, 2023
Offense Group: competition-related offenses
Primary Offense: energy market violation
Violation Description: Violation of the Anti-Manipulation Rule, 18 C.F.R. 1c.1, for sales of natural gas at specific natural gas trading hubs to affect the index price at which related financial instruments settled. BP was originally fined $20.4 million in 2020. After the company appealed, FERC reduced the penalty to $10.75 million in 2023.
Level of Government: federal
Action Type: agency action
Agency: Federal Energy Regulatory 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.