Comment on BP reveals $6.3bn quarterly loss due to Deepwater Horizon bill

BP reveals $6.3bn quarterly loss due to Deepwater Horizon bill

Provisions follows earlier write-off after $18.7bn legal settlement to cover US federal, state and local compensation claimsBP has revealed a loss of $6.3bn (£4bn) for the second quarter after being forced to book new costs linked to the Deepwater Horizon disaster.The UK oil company slid into the red after taking an extra $10.8bn charge related to the Gulf of Mexico oil spill in 2010.

 

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