BP (NYSE:BP) Stock Trading, Shares Fall 18.4%

Despite the optimism over BP's (NYSE:BP) success with the Macondo well, amid the company's stock trading, share prices continues to fall. There was a rebound of BP's stock prices at the end of July into August, but investors are now cashing in their profits.

In the last 12 trading days, the company has taken a nose dive of 18.4 percent. Yesterday the shares declined $1.20 or 3.3 percent to $34.92. During the same time frame, the Amex Oil & Gas Index slid 8.7 percent, that of which BP is a component. While BP led the oil stock drop yesterday, other companies including Exxon Mobil, Chevron, Anadarko, and Conoco Philips all lost over a percent.

There is still much uncertainty with BP, and analysts are saying they are very concerned over what will come next for the company. If Federal Investigators decide the company was negligent, the company's expenses could see a considerable jump. BP has already paid out over $6 billion.

It would also bump up the Federal fine from $4.9 billion to $17.6 billion. As well as let the company's partners, Anadarko and Mitsui off the hook from their 25 percent and 10 percent stakes in the well.

Exxon (NYSE:XOM) and ConocoPhillips (NYSE:COP) Stock Trading, Yearly Lows and Maintained Uptrends

The largest and best managed oil company, Exxon Mobile (NYSE:XOM) is currently trading at a yearly low and has seen a 20 percent decline compared to this time last year. Other big oil giants like Chevron, PetroChina, and Statoil have discovered billions of barrels of oil over the last 2-3 years.

Even though they're shares are going mostly sideways, they've also seen a decline of 16 percent over the last year. Gene McGillian, broker and analyst at Trading Energy in Stanford said, "The fundamentals of the market remain negative. If we don't get some positive economic news we will soon test $70."

There is one oil company ConocoPhillips (NYSE:COP) that has maintained an uptrend which is quite impressive despite the broad market being down since May. Billionaire investor Warren Buffet is a big shareholder of ConocoPhillips and recommends them.

BP (NYSE:BP) Bankruptcy and Stock Trading

Many are concerned that BP (NYSE:BP) will file for bankruptcy and that their stock trading will continue to fall. Even though BP seems to have a we can handle it all attitude, they will eventually run out of money. With them putting out such large amounts for things like television ads to the tune of $50 million dollars, it makes you wonder how they are planning to continue on at this pace financially. Not to mention, they haven't even been successful in their fuel spill containment efforts or even scratched the surface of beginning to clean up this catastrophe.

There is also much speculation that BP is getting ready to cut their dividends in order to be able to pay for the Gulf oil cleanup. This sent BP shares plummeting below 400 pence today. At the end of the day trading, BP was down 4.2 percent at 391.5 pence. Before the hazardous spill BP was at 648 pence.

"Consumer borrowing unexpectedly rose in April but fell in March, suggesting Americans aren't too comfortable with their finances despite the economic recovery. The Federal Reserve on Monday said consumer credit outstanding increased at a seasonally adjusted annual rate of 0.5 % up $954.8 million to 2,440 trillion. Economists surveyed by Dow Jones News wires had for cast a $1.0 billion decline in consumer credit during April. But the surprise gain came with a revision to March, when borrowing fell $5.4 billion or 2.7 %, originally it was estimated rising by $2.0 billion," reports Jeff Bater and Meena Thiruvengadam.