Business World

Monday 23 October 2017

BP increases oil spill charge, Q2 misses targets

BP is challenging a court ruling over its Gulf of Mexico spill
BP is challenging a court ruling over its Gulf of Mexico spill

INTERNATIONAL oil company BP increased its giant accounting provision for the 2010 oil spill to $42.4bn (€31.9bn) from $42.2bn today and said its $20bn fund to pay spill compensation had only $300m left in it.

The news came as BP's second quarter results missed expectations, with adjusted net profit coming in at $2.712bn compared with expectations of $3.4bon.

Reuters

Also in Business