COVID Stimulus Watch Individual Entry
Recipient Company:
BP Capital Markets America Inc
Loan or Loan Guarantee Amount:
$2,161,523
Recipient Details
Ownership Structure: publicly traded (ticker symbol LSE: BP)
Award Details
Award Date: Nov 23, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: BP
Headquartered in: United Kingdom
Parent Sector: oil and gas
Parent Industry: oil & gas
Employees (prior to pandemic): 70,100
Accountability Issues Since 2010
Employment-related Penalties: $5,400,000
Government-contracting-related Penalties: $127,689,800
Environmental / Healthcare / Safety Penalties: $33,458,836,060
Consumer Protection / Financial / Competition-related Penalties: $800,387,169
CEO Compensation: $13,234,000
Total Federal, State, and Local Subsidies: $201,611,323
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