BP’s U.S. Defense Contracts Doubled Since Year of Gulf Oil Spill
This article is for subscribers only.
BP Plc’s Pentagon contracts have more than doubled since the year of the Gulf of Mexico oil spill, the biggest in U.S. history.
The company’s awards surged to $2.51 billion in the year ended Sept. 30 from $1.04 billion in fiscal 2010, the year of the oil rig explosion, according to data compiled by Bloomberg. BP’s share of the military’s petroleum market jumped to 12 percent from 8.5 percent during the period.