Associated Press | Shares of BP are dropping as the company’s board decides whether to
suspend its hefty dividend because of the oil spill in the Gulf of
Mexico.

Shares of the oil company fell $2.38, or 7 percent, to $31.58 in trading Monday morning.

BP stock has been especially volatile over the past week. The stock dropped to a 14-year low on Wednesday, only to rebound on Thursday and Friday. The company has lost about $90 billion in value since the spill in the Gulf nearly two months ago.

BP has a number of options regarding dividend payments. Analysts believe the company is unlikely to scrap it altogether. It can also defer it, pay it into shares or put it into an escrow account.