deepwater horizon

deepwater horizon

BP Reveals $6.3Bn Quarterly Loss Due to Deepwater Horizon Bill

2h ago
SOURCE  

Description

<a href="http://on.aol.com/video/bp-reveals--6-3bn-quarterly-loss-due-to-deepwater-horizon-bill-518972607"> </a> BP 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 giant slid into the red after taking an extra $10.8bn charge related to the Gulf of Mexico oil spill in 2010.The provision follows the $18.7bn legal settlement reached by BP earlier this month to cover US federal, state and local claims.This compares witha profit of $6.7bn in the first half of last year.