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According to the Deepwater Horizon Study Group, BP's actual culture, structure, and systems affected the way it appraised risks in the Gulf of Mexico.
Interest Expense
The cost incurred by an entity for borrowed funds, typically expressed as a yearly rate.
Net New Equity
Refers to the amount of money raised by a company through the issuance of new shares, subtracting any repurchases of existing shares.
Earnings Before Interest And Taxes
This represents the company’s earnings before the deduction of interest and tax expenses.
Net New Borrowing
The difference between the total amount of new borrowing and the total amount of debt repaid over a specific period.
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