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Oil Spill

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BP's share price has plunged by as much as 49 percent losing tens of billions of dollars off its market value since the accident on April 22. That's a 13 year low for the stock.

Doesn't sound like record profits to me.

Revenue minus all expense = profit or loss.  There has been some talk of this company going under, I don't think so.  IMO they will somehow weather the storm, if not the British government may go to it's rescue, many many pensioners in England are dependent on this company surviving.

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Revenue minus all expense = profit or loss. There has been some talk of this company going under, I don't think so. IMO they will somehow weather the storm, if not the British government may go to it's rescue, many many pensioners in England are dependent on this company surviving.

Someone will buy them before they go under.  Exxon has tons of cash lying around.  If the stock price drops much more they'll be swallowed up.

I'm at home still trying to fix the leak. If someone doesn't come up with something soon we won't have to worry about stock prices.

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  • Super User
I'm at home still trying to fix the leak. If someone doesn't come up with something soon we won't have to worry about stock prices.

I'm engineering illiterate.  :). By the way, you didn't answer my previous question about your idea. 

I'm engineering illiterate. :). By the way, you didn't answer my previous question about your idea.

  • Super User

I thought it was funny.  (Note: contains profanity)

  • Super User

Revenue minus all expense = profit or loss.  There has been some talk of this company going under, I don't think so.  IMO they will somehow weather the storm, if not the British government may go to it's rescue, many many pensioners in England are dependent on this company surviving.

Someone will buy them before they go under.  Exxon has tons of cash lying around.  If the stock price drops much more they'll be swallowed up.

Yep, talk of them being a hostile takeover candidate. In the long run those that work for BP in the United States will keep their jobs, but with all M&A some positions will be eliminated due to redundancy, that's capitalism.

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