BP plc (ADR) (NYSE:BP) dropped 5.05% to $27.29 on 58.79 million shares after the company said it so far has spent $2.35 billion cleaning up its Gulf of Mexico oil spill. Earlier this week, the company has taken a tremendous blow to its reputation, an uncapped well would set the beleaguered oil giant back by more than $140 million each day, based on the latest flow estimates. Under the Clean Water Act, the company would be fined $4,300 for each uncapped barrel if charged with gross negligence.
Cisco Systems, Inc. (NASDAQ:CSCO) is down 0.58% to $22.44 on 28.55 million shares. Cisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.
Exxon Mobil Corporation (NYSE:XOM) decreases 1.02% to $59.46 on 26.96 million shares. Exxon Mobil Corporation is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities.
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