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[Stock Lobster]

>>BP: That's $500 Billion in claims, estimated $50 Billion in damages...

Forget the noise, focus on the numbers:

Claims: half-a-trillion dollars or more. "About 110 suits have been filed so far, according to Becnel, and dozens more appear to be on the way."

Damages: "Becnel estimates that the actual damages, as opposed to total claims, will run $20 billion to $50 billion."

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From BP's Balance Sheet:

Total Cash (mrq): 6.84B
Total Cash Per Share (mrq): 2.19
Total Debt (mrq): 32.15B
Book Value Per Share (mrq): 33.25

BP Income Statement:

Revenue (ttm): 265.58B
Revenue Per Share (ttm): 85.01
Qtrly Revenue Growth (yoy): 54.50%
Gross Profit (ttm): 63.48B

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Q: Can BP afford the cost of suits, fines and ongoing damages and survive? Is there the potential the company seeks bankruptcy protection?