BP p.l.c. (ADR) (NYSE:BP)
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BP is all things oil and gas. From exploration to refining and selling, it’s among the world’s largest integrated oil companies.
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BP is all things oil and gas. From exploration to refining and selling, it’s among the world’s largest integrated oil companies.
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After the company's problems in the Gulf of Mexico this stock fell off a cliff but the price has not recovered to pre-spill levels. Despite the costs associated with the spill, the sheer size of this oil giant has saved it from bankruptcy and provides protection from future liabilities associated with this event. For the future, rising oil costs should increase profits and the clout of big oil in Washington should prevent this company from being regulated in ways that could reduce profits.