Gulf Oil Spill Costs Investors $44 Billion In Lost Value (BP, APC, RIG...)

Shares of companies tied to the massive Gulf of Mexico oil spill continue to get rocked on concerns about legal liability and clean-up cost. It is now expected that the environmental mess could be bigger than Exxon Valdez.

Here is a run-down:

• BP (NYSE: BP) 75% stake in the Macondo well. Down 1.5% today to $51.80. Was at $60.48 before the spill. Lost market cap = approximately $27 billion.
• Anadarko Petroleum (NYSE: APC) 25% stake in Macondo well. Down 4.5% today to $64.29. Was at $73.94 before the spill. Lost market cap = approximately $4.75 billion.
• Transocean Ltd. (NYSE: RIG) provided personnel and/or pieces of equipment to the Macondo well. Down 10.4% today to $70.30. Was at $92.03 before the spill. Lost market cap = approximately $7 billion.
• Cameron International (NYSE: CAM) provided personnel and/or pieces of equipment to the Macondo well. Down 4% today to $37.18. Was at $46.04 before the spill. Lost market cap = approximately $2.2 billion
• Halliburton (NYSE: HAL) provided personnel and/or pieces of equipment to the Macondo well. down 4.7% today to $30.11. Was at $33.31 before the spill. Lost market cap = approximately $2.9 billion
• Smith International (NYSE: SII) provided personnel and/or pieces of equipment to the Macondo well. down 2.8% today to $47.43. Was at 45.79 before the spill. Lost market cap = none
  

Adding it all up, the total market cap loss is approximately $44 billion.

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