BP stock prices again fell. By January 2007, the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4.5% from its position prior to the Texas City explosion. However, by April 2007, stocks had rebounded 13% erasing the 8.3% loss from 2006. Declining oil prices and concerns over oil sustainability also caused shares to fall in value in late 2008. The Deepwater Horizon oil spill in April 2010 initiated a sharp decline in share prices, and BP's shares lost roughly 50% of their value in 50 days. BP's shares reached
Deepwater Horizon oil spill leaked oil had been greatly exaggerated. However, biogeochemist Chris Reddy, said natural microorganisms are a big reason why the oil spill in the Gulf of Mexico was not far worse. Genetically modified "Alcanivorax borkumensis" was added to the waters to speed digestion. The delivery method of microbes to oil patches was proposed by the Russian Research and Development Institute of Ecology and the Sustainable Use of Natural Resources. On 18 May 2010, BP was designated the lead "Responsible Party" under the Oil Pollution Act of 1990, which meant that BP had operational authority in coordinating the response. The first video