The giant oil company BP is reeling financially since the oil spill started. The company’s stock shares are way down hitting a new low today. The stock closed today at $28.74 per share in New York. Investors are scared of the large amount of clean up funds that are anticipated. They also face a number of lawsuits from various entities.
Those in the know say that the company is still sound but will struggle under the financial weight of the spill for years to come. They have plans to keep drilling and oil prices are steadily going up over time. I am sure the company will survive.