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Thursday, May 20, 2010

Companies Reporting the Gulf of Mexico Oil Spill

Although 10-Qs filed in May predominantly relate to fiscal quarters ending March 31, several companies have made reference to the late April explosion of the Deepwater Horizon drilling rig and subsequent oil spill in the Gulf of Mexico.  In addition to filings by companies in the hydrocarbon production industry, 10-Qs filed by Landrys Restaurants Inc., Omega Protein Corp. (fish oil and fish meal products), St Joe Co. (real estate development), Teledyne Technologies (electronic components) and Winn-Dixie Stores have made reference to the incident in the Risk Factors, MD&A and/or Forward Looking Statements sections. 

BP p.l.c., which had been leasing the drilling platform from its owner, Transocean Ltd., has been filing updated information on Form 6-K nearly every day since the April 22 sinking of the rig.