Staff Reporter, CNNMoney
[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/images/06/08/story.hires.03.gi.jpg caption="But beyond political pressure and takeover talk, investors have been grappling with the fact that the ultimate price BP will have to pay for the spill remains unknown" width=300 height=169]
NEW YORK (CNNMoney.com) - In the days immediately after oil began leaking from a well deep below the surface of the Gulf of Mexico, few expected the spill could cripple one of one the biggest energy companies in the world.
Now, nearly two months after what has become the worst oil spill in US history, the outlook for BP is unclear and investors are bracing for the worst.
Shares of the giant oil company have plunged 48% since the April 20 explosion on the Deepwater Horizon, erasing nearly $90 billion of BP's market value.
Investors have been rattled by pressure on BP from Washington to suspend or reduce its dividend payment, which totaled $10.5 billion last year. There is also growing speculation that BP could be taken over by a rival or end up in bankruptcy court because of the spill.
Filed under: Gulf Oil Spill
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with