On February 25 BP will head to court against the U.S. government to determine the size of its fines and penalties for the Deepwater Horizon spill. Even with a Macondo resolution, BP's declining profits and volumes, along with its underinvesting compared to Chevron, suggest the firm has some work to do to return to its former glory.
Christopher Helman, Forbes Staff
Eric Savitz, Forbes Staff
Halah Touryalai, Forbes Staff
Naazneen Karmali, Forbes Staff
Jeff Bercovici, Forbes Staff
Clare O'Connor, Forbes Staff
Kurt Badenhausen, Forbes Staff
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