They weren't waiting for the legal eagles to scour and sign off on the documents.
They weren't waiting to finalize the sale of a few spare assets to Apache.
They were waiting for their income tax refund.
The oil giant said Tuesday that it is incurring a charge of $32.2 billion from the Deepwater Horizon disaster response, and as such, it is claiming a $9.9 billion taxation credit.
Asked in a conference call Tuesday about whether it has discussed the tax credit with President Barack Obama's administration, BP's outgoing chief executive, Tony Hayward said: "We have followed the IRS regulations as they're currently written."
...The Internal Revenue Service said it's not allowed under federal law to discuss individual taxpayer issues.
BP has a management team with one goal, and one goal only: Increase and protect shareholder value. Taking the tax break is just business.
This means that at least half of the $20 billion slush fund--trotted around like a Trophy after the deal was announced on June 16--will be paid for by the US taxpayers.
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