Brendan Nelson, a non-executive director of BP and a chairman of the firm's audit committee, has dipped his hand into his pocket and bought just under £50,000 worth of shares in the oil giant.
Nelson, a chartered accountant and a partner in accountancy giant KPMG, paid slightly less than 450p a share, a good 85p or so above the price the shares were trading at as recently as September.
Just a week ago, BP tied up another loose end from the Gulf of Mexico Macondo well disaster, when US-listed oil and gas equipment firm Cameron International, the company which designed and manufactured the Deepwater Horizon 'blow-out preventer', agreed to pay the UK oil titan $250m to settle all claims between them related to last year's tragic incident.
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The settlement will by applied to the $20bn trust BP created to deal with claims and costs arising from the oil spill in the Gulf of Mexico in April 2010.
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Following this agreement, both companies have agreed to drop all claims against each other. However, the agreement "is not an admission of liability by either party", BP said.
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Director name: Mr Ion Alexander Florescu
Amount purchased: 520,993 @ €0.46
Value: €239,657
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Director name: Mr Dirk Van den Broeck
Amount purchased: 355,994 @ €0.46
Value: €163,757
Active Risk Group (ARI)
Director name: Mr Lynton Barker
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Coastal Energy Co (DI) (CEO)
Director name: Mr C. Robert Black
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Value: £80,790
Reconstruction Capital II Ltd. (RC2)
Director name: Mr Howard Ira Golden
Amount purchased: 250,000 @ €0.46
Value: €115,000
Faroe Petroleum (FPM)
Director name: Mr Graham Stewart
Amount purchased: 49,611 @ 156.55p
Value: £77,666
Faroe Petroleum (FPM)
Director name: Mr Helge Hammer
Amount purchased: 44,058 @ 156.55p
Value: £68,973
Faroe Petroleum (FPM)
Director name: Mr Iain M Lanaghan
Amount purchased: 35,972 @ 156.55p
Value: £56,314
BP (BP.)
Director name: Mr Brendan Nelson
Amount purchased: 11,040 @ 449.94p
Value: £49,673
Tristel (TSTL)
Director name: Mr Francisco Angel Soler
Amount purchased: 80,000 @ 38.00p
Value: £30,400
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Director name: Mr Paul Christopher Swinney
Amount sold: 80,000 @ 38.00p
Value: £30,400
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