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
Guimaras oil spill Guimaras oil spill The Guimaras oil spill occurred in the Panay Gulf on August 11, 2006 when the oil tanker M/T "Solar 1" sank off the coast of Guimaras and Negros islands in the Philippines, causing what is considered as the worst oil spill in the country. The oil tanker M/T "Solar 1", carrying more than two million liters of bunker fuel, sank during a violent storm approximately off the southern coast of Guimaras at around midnight on August 11, 2006, causing some of oil to pour into the gulf, that traveled up through the Guimaras Strait and Iloilo Strait.