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BP shares tumbled more than 8 percent Thursday, and the company
has lost roughly $25 billion in market value since an offshore rig it
hired in the Gulf of Mexico exploded last week and started spewing
huge amounts of oil.
Transocean Ltd., the oil services company that owned the Horizon,
has lost about $4.35 billion in market value since the explosion.
In Thursday trading, BP shares gave up $4.78 to close at $52.56.
Transocean lost $6.32, or 7.5 percent, to end at $78.51.
Originally posted by damwel
Hey BP makes enough PROFIT in 6 months to pay the entire 7 billion cleanup bill. Bancrupt for having to clean up their mess? Hardly. Their profit in the 3rd quarter of 2009 was 4.67 billion.