By Neil Hume
Published: June 25 2010 18:47 | Last updated: June 25 2010 18:47
Extracts:
At the very least investors should now be more wary of investing in a sector where a company the size of BP can see its share price halve in a little over two months and come under such political pressure that it feels the need to halt dividend payments and set up a $20bn compensation fund.
Shell has a more diversified portfolio and most of its important developments the Pearl gas to liquids plant in Qatar and Canadian oil sands do not involve deepwater drilling. Even so, it still has material operations in the Gulf of Mexico.
Copyright The Financial Times Limited 2010.
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