BP's Deepwater Horizon bill tops $65bn
by Adam Vaughan from Environment | The Guardian on (#3DED4)
Firm's financial pain offset by rising oil prices as it winds down payouts from 2010 disaster
BP is nearing the end of the $65bn (47bn) Deepwater Horizon compensation process, it said as it announced an unexpectedly high payout of $1.7bn among the final few hundred outstanding claims.
The British oil firm said on Tuesday it would pay the $1.7bn charge in the last quarter of 2017 for court-ordered payments resulting from the worst oil spill in US history. It means BP will have paed out $3bn in compensation for 2017, compared with the $2bn anticipated.
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