BP’s (BP) stock has plummeted almost 30% since the April 20, 2010 Deepwater Horizon oil spill, which killed 11 people. The company set aside $43.5 billion to deal with the spill. Though five years later, BP is still in a legal battle with the government over just how much it will pay in fines, causing plenty of uncertainty for investors. But analysts say it’s not all doom and gloom for BP, which maintains an attractive dividend of $2.40, a far cry from the summer of 2010, when the spill pushed BP to suspend its dividend. Analysts also say the spill forced BP to downsize, which has helped the company stay afloat as the oil industry struggles with low oil prices.
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