Shares in BP tumbled nearly 4 per cent today after the FTSE 100 oil giant hiked its provision for compensation claims from the Gulf of Mexico oil spill by $1.4 billion (£913 million) to $9.6 billion — and warned the final cost could be “significantly higher” as it continues to receive new claims.
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BP's stock holders wait for final bill on Gulf spill
Sunday 28 July 2013
BP shareholders will look for signs of whether the oil giant plans to increase the money set aside to cover the Gulf of Mexico disaster when it reports half-year figures on Tuesday.
Gulf of Mexico oil spill: Halliburton pleads guilty to destroying evidence
Friday 26 July 2013
The energy services firm agrees to pay fine and $55m donation to wildlife charity
Centrica eyes move for top BP executive
Saturday 29 June 2013
One of BP’s top executives has emerged as a surprise candidate to become the next chairman of British Gas owner Centrica.
Money mattered more to BP than the people who died, Deepwater Horizon spill trial told
Monday 25 February 2013
As oil company finally comes to trial over rig disaster, $16bn settlement talks are intensifying
US bans BP from new Government work over Deepwater Horizon disaster
Wednesday 28 November 2012
Oil giant BP has been suspended from new contracts with the US government because of the way it handled the Gulf rig disaster.
'Two dead' after explosion and fire on Gulf of Mexico oil rig
Friday 16 November 2012
Officials in the Gulf of Mexico are investigating an explosion and a fire that broke out aboard an offshore oil platform near Grand Isle, Louisiana.
BP agrees to pay out $4.5bn settlement for Gulf oil spill
Friday 16 November 2012
BP has agreed to cough up $4.5bn (£2.8bn) in penalties and plead guilty to no less than 14 counts of criminal misconduct in the Deepwater Horizon oil spill. Last night it was also reported that two BP workers have been indicted on manslaughter charges and an ex-manager charged with misleading Congress.
BP slapped with record $5bn fine over Gulf of Mexico oil disaster
Friday 16 November 2012
BP will pay the biggest criminal penalty in US legal history by some distance after reaching a $4.5bn (£2.9bn) settlement with American authorities over the Gulf of Mexico spill.
Marathon takes over running of troubled refinery after BP sells up
Tuesday 09 October 2012
The oil giant BP has sold its troubled Texas City oil refinery for $2.5bn (£1.6bn) to United States firm Marathon Petroleum.
BP sells off troubled refinery in US to help defray Deepwater costs
Tuesday 09 October 2012
BP has sold its troubled Texas City oil refinery for $2.5bn (£1.5bn) to the US company Marathon Petroleum.
BP profits dive in wake of $5bn writedowns
Wednesday 01 August 2012
BP booked an extra $5bn (£3.2bn) in writedowns yesterday as profits slumped and the bill for the Gulf of Mexico oil spill spiralled higher.
BP still paying for Gulf of Mexico oil spill
Tuesday 31 July 2012
The Gulf of Mexico oil spill continues to plague BP more than two years after the disaster as the energy giant has revealed another 847 million US dollar (£538 million) hit to cover rising legal costs.
Oil giant BP sees fall in profits to £2.95bn
Tuesday 01 May 2012
Oil giant BP revealed a dip in profits today as its commitment to sell off billions of pounds of assets in the wake of the Gulf of Mexico disaster hit production.
What The Sunday Papers Said
Monday 05 March 2012
The Independent on Sunday: BP to review dividend after Gulf spill deal
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Is the Muslim call to prayer really such a menace?
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Channel 4 to 'provoke' viewers who associate Islam with terrorism with live call to prayer during Ramadan
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US army doctor returns arm to Vietnamese soldier fifty years after he took it as a souvenir
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Police seize possessions of rough sleepers in crackdown on homelessness
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Demand for food banks has nothing to do with benefits squeeze, says Work minister Lord Freud
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