Oil major BP (NYSE:BP) has taken Halliburton (NYSE:HAL), its contractor for the ill-fated Deepwater Horizon oil platform that caused the 2010 oil spill in the Gulf of Mexico, to court. The oil company is seeking damages for clean up costs, loss-of-profits, and all other costs connected to the spill.

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These costs could be billions of dollars considering BP has already made a provision of $20 billion towards spill claims.

BP’s oil spill involved three parties in the drilling operation – Transocean (NYSE:RIG), Halliburton and Cameron International (NYSE:CAM). Cameron concluded a $250 million settlement with BP in December. No headway has been made on settlement agreements with Transocean — the owner and operator of the affected oil rig — or Halliburton, the supplier of cement used to cap the well.

Here’s how these infamous stocks are kicking off the new year:

BP plc (NYSE:BP): BP shares recently traded at $44.13, up $1.39, or 3.25%. They have traded in a 52-week range of $33.62 to $49.50. Volume today was 2,681,787 shares versus a 3-month average volume of 7,425,490 shares. The company’s trailing P/E is 6.11, while trailing earnings are $7.22 per share.

Halliburton Company (NYSE:HAL): HAL shares recently traded at $34.47, down $0.04, or 0.12%. They have traded in a 52-week range of $27.21 to $57.77. Volume today was 9,561,545 shares versus a 3-month average volume of 19,220,200 shares. The company’s trailing P/E is 12.50, while trailing earnings are $2.76 per share.

Transocean Ltd. (NYSE:RIG): RIG shares recently traded at $40.02, up $1.63, or 4.25%. They have traded in a 52-week range of $38.21 to $85.98. Volume today was 1,948,854 shares versus a 3-month average volume of 7,855,720 shares. The company’s trailing earnings are $-1.25 per share.

Cameron International Corporation (NYSE:CAM): CAM shares recently traded at $51.01, up $1.82, or 3.7%. They have traded in a 52-week range of $38.77 to $63.16. Volume today was 746,332 shares versus a 3-month average volume of 3,136,870 shares. The company’s trailing P/E is 21.72, while trailing earnings are $2.35 per share.

To contact the reporter on this story: Damien Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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