17. The Catastrophe of Deepwater Horizon
Year: 2010
Location: Gulf of Mexico
Company: BP
Estimated Damage Value: $65 billion*
On April 20, 2010, the Deepwater Horizon drilling rig exploded, causing the largest oil spill ever. 94 workers were saved, yet the rig’s fire raged for days before sinking, significantly harming the Gulf of Mexico’s ecosystem, costing BP over $65 billion.

The Deepwater Horizon disaster was unparalleled, leaving everyone at a loss on how to manage its consequences. Transocean was fined $1.4 billion for violating the Clean Water Act, meanwhile, BP’s financial losses reached billions in penalties and compensation.