BP to pay $175m to investors over Deepwater Horizon spill

Settlement compensates investors who claimed BP publicly underplayed amount of oil flowing from Macondo well into Gulf of Mexico

BP has agreed to pay $175m (120m) to settle claims that it deceived shareholders by underplaying the severity of the 2010 Gulf of Mexico oil spill.

The settlement, to be paid this year or next, ends a legal battle that began when a Houston judge ruled investors who bought shares shortly after the explosion at its Deepwater Horizon rig could sue BP.