BP May Cancel Dividend

At this point, BP has lost around $100 billion in market capitalization.
Yet even the wildest estimates for the cost of the Gulf of Mexico spill
are far below that amount. The Exxon Valdez spill cost around $9
billion in inflation adjusted dollars. Even if this disaster costs
triple the Valdez, it’s still far below the $100 billion that’s already
been priced in to BP stock.