Friday, September 10, 2010

BP's (NYSE:BP) Quarterly Report to be Released Week Later

BP said the release of their third quarter report will be put off by a week because of the cost related to the Gulf oil spill, making it much more complex than usual.

Usually BP releases their report on the last Tuesday of the month at the end of the quarter, which would have made it October 26. They pushed that back to November 2.

A BP spokesman said it was only related to the inability to finish the report on time, and not because they had found some new liabilities. They just want to be sure they have the time to complete the report.

There was no hint from BP on what the contents of the report will entail.

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