Money
Report: Dutch Exxon and BP are likely to dominate the
Currently BP's market value is the lowest among the five leading private oil companies in the world in oil reserves with it dominates attract competitors. The value of a barrel of oil owned by BP derived from its market value is only $ 7.07, while the value of a barrel of Exxon is 16.42 dollars.
Analysts explain that the huge oil spill in the Gulf of Mexico BP responsibility in April 2010, which became one of the greatest ecological disasters in history severely damaged. Following the accident is required to pay tens of billions of dollars of damages when only the U.S. government is to transfer $ 4.5 billion. These obligations difficult for the company's operations and damaged its market value.
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