(may be broke/outdated!)
Question by Brandon S: How will competing oil companies benefit from the BP oil spill?
Basically, how will rival companies like Chevron and Exxon Mobil benefit from the BP oil spill?
Best answer:
Answer by Ryan
Because they wont have to pay millions of dollars to try to fix it and everyone will go to them because they didn’t start the spill.
Know better? Leave your own answer in the comments!
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One Response
They will benefit when comparing their stock price to BP’s – they will maintain when BP falls and rise when BP maintains. Other than that they will lose just like every other oil company out there hit with all of the new ‘feel-good’ do-nothing regulations tossed at them by a know-nothing guvmint.