Tyanni: Their net profit has decreased because as an oil drilling business, the BP oil spill consequently meant that they can't drill until the spill is under control and they are having to pay for legal bills and for the leak to be fixed.
Sophie Turner - Transocean has been affected y the BP oil spill because of the legal costs that have had to be paid out after the spill. Also,there has been a drop in income after the spill. These two aspects are liabilities of the business therefore they are taken away from the total profit.
Holly Lawson says: The Transocean net profit is falling because they: are having to pay fees to have the oil spill investigated and they are not able to drill. There legal costs are increasing and there sales are decreasing. This results in lower current assets. When this is added to fixed assets it will result in a lower net profit.
transoceons quarterly profits have dropped since the bp oil spill as they have had to pay out legal costs which means there outgoings have got higher and therefore affect the companies profit.
The net profit has fallen because of legal costs and reduced income after the BP Deepwater Horizon oil spill. Also they have lost assests but the money spent on these assets havent been reclaimed by anything extra comming into the business as they were lost at sea. NIck
Transocean's net profit decreased following the BP Deepwater Horizon oil spill. The company lost an oil rig in the Gulf of Mexico, which resulted in a reduction in drilling in the Gulf of Mexico. This meant that they would not be able to extract the oil, sell it and make the money they would have if the rig was still active.
Tyanni: Their net profit has decreased because as an oil drilling business, the BP oil spill consequently meant that they can't drill until the spill is under control and they are having to pay for legal bills and for the leak to be fixed.
ReplyDeleteTommy:
ReplyDeleteThe business net profit has dropped, due to the legal costs and their reduced income.
Sophie Turner - Transocean has been affected y the BP oil spill because of the legal costs that have had to be paid out after the spill. Also,there has been a drop in income after the spill. These two aspects are liabilities of the business therefore they are taken away from the total profit.
ReplyDeleteHolly Lawson says:
ReplyDeleteThe Transocean net profit is falling because they: are having to pay fees to have the oil spill investigated and they are not able to drill. There legal costs are increasing and there sales are decreasing. This results in lower current assets. When this is added to fixed assets it will result in a lower net profit.
Charlotte Mills:
ReplyDeleteDue to the spilage the company has had to pay out for the damage done and legal responsibilities this has led to a decrase in their net profit.
transoceons quarterly profits have dropped since the bp oil spill as they have had to pay out legal costs which means there outgoings have got higher and therefore affect the companies profit.
ReplyDeletethe net profit has decreased because of the oil spill and the company has to pay of money.
ReplyDeletehollie brewer :)
The net profit has fallen because of legal costs and reduced income after the BP Deepwater Horizon oil spill. Also they have lost assests but the money spent on these assets havent been reclaimed by anything extra comming into the business as they were lost at sea.
ReplyDeleteNIck
Transocean's net profit decreased following the BP Deepwater Horizon oil spill. The company lost an oil rig in the Gulf of Mexico, which resulted in a reduction in drilling in the Gulf of Mexico.
ReplyDeleteThis meant that they would not be able to extract the oil, sell it and make the money they would have if the rig was still active.
Anthony Bench
the business's net profit will stay within the company because they have paid all thier costs
ReplyDeletegianni
Ollie Manserr
ReplyDeleteTransocean's net profit decresed because of the BP oil spill which affected the 14 oil rigs it owns in the gulf of Mexico (they could rill less)
This business has lost money due to losing stock.
ReplyDeleteTom (this answer is wrong)
their net profit has fallen because the BP oil spill has directly affected them so that they can't drill for oil so consequently are not making money
ReplyDeleteizzi
The business are receiving less net profit as they are having to spend more on legal costs due to the BP spill.
ReplyDeleteMatt Fullerrrrrrrrrr
Transocean's Second-quarter net profit fell to $715m because they were unable to extract the oil from the gulf of mexico after a rig blow out.
ReplyDelete