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Seep

July 19, 2010 by staff 

Seep:NEW YORK — Shares of BP are opening lower Monday as investors worry about a seep detected near the busted Gulf of Mexico oil well.

BP PLC also said Monday the cost of dealing with the oil spill has reached nearly $4 billion — equal to about two-thirds of the company’s profit in the first three months of the year.

BP’s U.S. shares lost about 3.3 percent in early trading to $35.88. The stock has rallied over the last several weeks.

Investors also were concerned Monday over an apparent rift between the British oil giant and U.S. officials in charge of the spill. The government for now is allowing BP to keep a cap on the well shut tight while the company monitors closely for new leaks along the sea floor.

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