The title grew more than 30 from its low of 29 June

After three months of efforts, BP has taken a decisive step in its fight against the black tide laying down the flight for more than seventy-two hours. But the tanker will be struggling to recover from this disaster. the capitalisation of the Group collapsed us lawmakers took BP to target management is ébranléRequinqué by the successes of the past few weeks, BP has regained a part of the ground lost in the stock market. The title grew more than 30 from its low of 29 June. But the oil group is far from having recovered its initial value. Its capitalization is less than 38 to its pre-crisis level. BP is today worth 117 billion dollars against 168 billion for Shell. Uncertainties about the costs of the spill continue to weigh on the title. According to Goldman Sachs, the Bill could reach $ 70 billion. In June, the Minister of Finance of Louisiana, John Kennedy, had even advanced the figure of $ 100 billion.Already made difficult by the explosion of the Texas City refinery in 2005, the reputation of BP collapsed in the United States. Time set by the British company to curb the problem has cast suspicion on his skills. And in the spirit of the general public in the policy. Last week, a commission of the House of representatives passed legislation which is likely to prevent BP to obtain licences to explore for a period of seven years. This text, which must be ratified by the Congress, prohibits the issuance of new licences to groups responsible for 10 deaths on production facilities. The leaders of BP asked British Prime Minister, David Cameron, to intervene in their favour.The Chairman of the Board of BP, Carl - Henric Svanberg, and the Director General, Tony Hayward, are on trial. It criticized the first his absence of initiatives at the beginning of the crisis, while the departure of the second seems necessary to turn the page. "It will be much easier to restore confidence with new faces," said David Henderson, Professor at the London School of Economics, quoted by Bloomberg.

Early July, us Billionaire Warren Buffett held that Tony Hayward had to go. The pattern of the domestic exploration-production of BP, Andy Inglis, or the one in charge of the fight against the oil spill, Robert Dudley, are successors potentials. production will diminuerBP is committed to give $ 10 billion of assets by a year. The group could sell its 60 interest in the Argentine Pan American, and half of its share in the deposit of Prudhoe Bay in Alaska. Alone, these disposals should reduce the production of more than 100,000 barrels per day. A judgment of drilling in the Gulf of the Mexico could also reduce the volume of 50,000 barrels per day next year.

In the future, BP will no doubt find it difficult to obtain the exploitation of new deposits in the United States. This brake will intervene at the end of a wonderful year 2009. The British oil company had increased its production of 4 last year and produced volumes had exceeded those of ExxonMobil, with nearly 4 million barrels oil equivalent per day.