Oil spill payments sink BP into the red

Öl-Katastrophe im Golf von Mexiko 2010

Öl-Katastrophe im Golf von Mexiko 2010 The loss was "mainly relating to the recently announced agreements in principle to settle claims arising from the 2010 Deepwater Horizon accident," said Bob Dudley, BP’s chief executive.

For the second quarter, BP had set aside $10.8 billion (9.8 billion euros) to cover the cost of the Deepwater Horizon accident, leading to a net loss of $5.82 billion, the London-based company reported. That compared to a net profit of $3.4 billion one year prior.

It was BP’s first quarterly earnings report since the company announced a deal that will provide a further $18.7 billion to […]