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Most Risk For Oil Investors; BP And Chevron Spill Records
Nov. 20, 2012 11:13AM PST
Oil and Gas InvestingAn oil company’s track record on spills—and whether it is adjusted for future accidents—has become progressively more important to investors now that oil exploration and extraction is moving offshore and into hazardous areas like the Arctic or South America.
An oil company’s track record on spills—and whether it is adjusted for future accidents—has become progressively more important to investors now that oil exploration and extraction is moving offshore and into hazardous areas like the Arctic or South America.
As quoted in market news:
Large environmental accidents can substantially affect production.”A shutdown in production or the loss of leases can affect a company’s financial standing and performance. After a major spill, stock prices often drop, sometimes as much as 20 to 30 percent.