Half a Decade Later and BP is Still Paying for its Mistakes
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 26 April 2016
⏱️ 23 minutes
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Summary
Earnings from BP continue to suffer half a decade after its spill in the Gulf, while The Container Store and Coach report earnings of their own. Plus the team speculates wildly about earnings from Chipotle and Apple after market close.
Transcript
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| 0:00.0 | It's Tuesday, April 26th. |
| 0:03.6 | Welcome to Market Foolery. |
| 0:04.8 | I'm Mark Wreath and joining me in studio today for a million dollar portfolio, |
| 0:07.8 | Jason Moser, and from Motley Fool Pro, J.P. Bennett, gentlemen, how's it going? |
| 0:11.5 | Hey now. |
| 0:12.1 | Pretty good, how you doing today. Good, good to have's it going? Hey now. |
| 0:12.6 | How are you doing today? |
| 0:13.6 | Good, good to have you guys here. |
| 0:14.6 | We've got a lot to get to today, including earnings from the container store and coach, |
| 0:19.2 | as well as some wild speculation about how Apple and Chipotle are going to do when earnings come out later today, |
| 0:25.0 | but we begin with BP and JP. We might as well start with you. |
| 0:29.0 | The company reported earnings earlier today, but we were talking before the show you were a little |
| 0:33.6 | less concerned about the overall earnings numbers and had one number in |
| 0:37.2 | particular or one set of numbers excuse me in particular that you were |
| 0:40.4 | looking at what were they yeah the interesting part of this whole story for me is just kind of the continued effects of the big Gulf |
| 0:48.8 | spill, right? |
| 0:49.8 | So here we are what, like five years later and the company is still paying out tons of |
| 0:54.6 | money just because of one particular event it kind of speaks to the whole thing of |
| 0:59.9 | maybe you should always be leery of like one-time items and things like that, right? |
| 1:04.4 | We kind of knew this would last for a while, but what you saw in the stock, right? |
| 1:08.6 | The spill happened, the stock got what, like cut in half. |
| 1:11.6 | Sure. And then it started to recover because people like, |
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