Bp To Pay $4.5 Billion Over Gulf Oil Spill

BP Oil Spills

BP will pay approximately $4.5 billion and plead guilty to criminal charges as part of a settlement with the U.S. government over the deadly Deepwater Horizon rig explosion and massive oil spill in the Gulf of Mexico in 2010, the London-based oil giant announced Thursday.

Sections:  news   u.s.   business   
RELATED ARTICLES
  • Bill Gates repeats at top of Forbes' list of billionaires
    World's richest man got richer with $79. billion in 2015. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
    With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More
BING NEWS:
  • In Largest U.S. Settlement, BP Pays Governments $20.8 Billion for Oil Spill
    BP must pay about $8.1 billion (including about $1 billion already paid out for “early restoration projects") over 15 years for natural resources damages under the federal Oil Pollution ... governments across the Gulf. The settlement was last in a ...
    04/5/2016 - 1:50 am | View Link
  • U.S. Seeks Final Approval of $20 Billion BP plc (ADR) Oil Spill Settlement
    The United States is seeking final approval of a $20-billion settlement in regard to the 2010 BP plc (ADR) (BP) Gulf oil spill. The settlement is awaiting ... The agreement will allow BP to pay the $20 billion over a period of 16 years.
    03/23/2016 - 1:59 pm | View Link
  • BP estimates cost of 2010 Gulf oil spill at $61.6 billion
    NEW ORLEANS (AP) -- Oil giant BP PLC has put a final price tag on what its catastrophic Gulf of Mexico oil spill cost the company, and it's a hefty sum: $61.6 billion. The company ... has ruled BP does not have to pay for economic losses other businesses ...
    03/11/2016 - 10:34 am | View Link
  • BP to pay more than $20 billion in record Gulf oil spill settlement
    BP will pay the largest corporate settlement in U.S. history – worth $20.8 billion – to resolve claims linked to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, Attorney General Loretta Lynch announced Monday. Payments will be spread out ...
    10/5/2015 - 12:14 pm | View Link
  • BP agrees to pay $18.7-billion settlement in Gulf of Mexico oil spill
    Five years after the nation's worst oil spill scarred fragile shorelines along the Gulf of Mexico and sent economies into a tailspin, the British oil company BP has reached an $18.7-billion settlement designed to close one of the most contentious chapters ...
    07/3/2015 - 12:06 am | View Link
  • More
BING SEARCH:
  • 11 Facts About the BP Oil Spill | DoSomething.org ...
    In the BP Oil Spill, more than 200 million gallons of crude oil was pumped into the Gulf of Mexico for a total of 87 days, making it the biggest oil spill in U.S. history.
    06/16/2018 - 3:45 am | View Website
  • BP
    BP plc (stylised as bp), formerly British Petroleum, is a British multinational oil and gas company headquartered in London, England.It is one of the world's seven oil and gas "supermajors", whose performance in 2012 made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization and the company ...
    06/15/2018 - 9:37 am | View Website
  • In BP's Final $20 Billion Gulf Settlement, U.S. Taxpayers ...
    Robert W. Wood, Contributor I focus on taxes and litigation. Opinions expressed by Forbes Contributors are their own. Now that a judge has approved BP's $20 billion settlement over the 2010 gulf oil spill, it is appropriate to look at the overall societal costs, as well as the bottom line to BP. And ...
    04/5/2016 - 7:58 pm | View Website
  • BP Oil Spill Lawsuits and Legal Issues
    The BP oil spill affected thousands of people and businesses in the Gulf region. Here's a look at the legal landscape since 2010.
    12/29/2015 - 6:59 pm | View Website
  • BP was happy to pay $18.7 billion to settle Gulf oil spill ...
    A BP logo is seen on a petrol station in London Thomson Reuters . NEW YORK / LONDON / HOUSTON (Reuters) - In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history.
    07/9/2015 - 2:53 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News