BP's Deepwater Horizon Bill Rises by $200m as Profits Fall

Deepwater Horizon disaster, 2010: BP's bill keeps rising. Photograph: Handout/Getty Images

Latest update on continuing costs of Macondo blowout comes as oil firm reports fall in quarterly and yearly profits

theguardian.com - by Terry Macalister - February 4, 2014

BP has been forced to set aside an extra $200m (£123m) for the Gulf of Mexico oil spill, bringing the bill so far to $42.7bn.

The final figure could be far higher, however, as the latest tally does not take account of additional provisions for economic loss claims from a further legal settlement BP has made, the group said. BP is also waiting for a final US court decision over whether it was considered grossly negligent for the Deepwater Horizon accident.

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