Do you want to know about BP oil stock price today? BP stock price drop to close at $36.52 since the incident of oil spell begins, their lowest level since March 2009. The move wiped out $20 billion in BP’s market capitalization.
The London-based oil company announced over the drop of BP oil stock price today, which aimed to plug its blown-out well with drilling mud, didn’t work. It now plans to cut the crumpled riser off the top of the well and attach a new riser to carry the leaking crude to a containment vessel on the surface.
BP stock price drop even more ground late in the day after U.S. Attorney General Eric Holder announced the federal government was launching an investigation into the disaster to determine whether any laws had been violated.
BP oil stock price has lost 40% of its value since the April 20 blast that destroyed the Deepwater Horizon rig that was drilling the well. The company has suffered from some PR setbacks. For instance, their CEO said that he wanted to get back to his life too, but then quickly recanted his statement after receiving a media lashing from the American public.
Oil covered birds were plastered all over the news today, as reporters made their way to portions of Louisiana hardest hit by the oil spill. This pulls the heartstrings of Americans and angers for many people. Most people are curious about the future of due to BP stock price drop today. As they have to foot the bill for the BP oil spill, there’s uncertainty over what is going to happen in the coming months.
Source: Marketwatch.com