BP Reaches $18.7 Billion Settlement over Deadly 2010 Spill

Oil is seen on the surface of the Gulf of Mexico as BP tries to stop oil leaking from the Deepwater Horizon wellhead in the Gulf of Mexico 55 miles (89 km) south of Port Fourchon, Louisiana May 8, 2010.

Oil is seen on the surface of the Gulf of Mexico as BP tries to stop oil leaking from the Deepwater Horizon wellhead in the Gulf of Mexico 55 miles (89 km) south of Port Fourchon, Louisiana May 8, 2010. Houston: BP Plc will pay up to $18.7 billion in penalties to the US government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in US history.

The agreement adds to the $43.8 billion that BP had previously set aside for criminal and civil penalties […]