BP Global plans to announce in its upcoming second quarter earnings report that it will pay an additional $2.5 billion for the Deepwater Horizon oil spill of 2010, according to The Guardian. The additional charges bring BP’s total pretax fines to date to $61.6 billion, or $44 billion post-taxes.
BP estimates it will pay an additional $2.5 billion for the Deepwater Horizon debacle
BP has paid more than $60 billion already
BP has paid more than $60 billion already
BP will pay an additional $2.5 billion
The company’s chief financial officer has assured investors that any other outstanding claims related to the spill would not have material impact on the company.
The Deepwater Horizon explosion in 2010 killed 11 people and caused nearly 5 million barrels of oil to spill into the Gulf of Mexico. As recently as April of this year, scientists were still finding evidence that the oil spill has had a devastating impact on marine life and other living organisms in the Gulf.
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