Three Companies That Could Buy Out a Battered BP

Filed under: Exxon Mobil (XOM), Chevron Corp (CVX), ConocoPhillips (COP), BP p.l.c. ADS (BP), Royal Dutch Shell (RDS.A)

With no end in sight to the undersea oil gusher in the gulf and mounting

clean-up costs, investors have started to take a hard look at the reality of the disaster's impact on BP (BP). The company has shed more than $70 billion in value since April 20 when an explosion on one of its oil rigs in the Gulf of Mexico sparked the worst crude oil disaster in U.S. history.

Some say that things could get even worse as the blowout on the ocean floor continues to wreak havoc and the price tag continues to mount. But many others say the sell-off is overdone, and that investors would be wise to buy shares at what could be bargain valuations.

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Three Companies That Could Buy Out a Battered BP originally appeared on BloggingStocks on Wed, 02 Jun 2010 09:40:00 EST. Please see our terms for use of feeds.

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