How much does bp owe for the oil spill

5 Oct 2015 Out of the money owed, BP will pay $5.5 billion to cover penalties disaster is considered by many to be the worst oil spill in US history.

The latest charge will cover payments to business owners in the area, BP said. The company’s spill-related payouts will rise to $3 billion in 2018 from an earlier estimate of $2 billion, while those for 2017 will remain at $5.5 billion. The payments have held back BP’s profits in the past. BP's Deepwater Horizon costs total $62B. BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion. BP is nearing the end of the $65bn (£47bn) Deepwater Horizon compensation process, it said as it announced an unexpectedly high payout of $1.7bn among the final few hundred outstanding claims. BP PLC — the company responsible for the 2010 Deepwater Horizon oil spill — will pay a record $20.8 billion to the US government to cover damages caused by the disaster, the Department of Justice announced Monday. This webpage provides information and materials on EPA’s enforcement response to the Deepwater Horizon Oil Spill, settlements with several of the defendants, including the record-setting settlement with BP Exploration & Production for an unprecedented $5.5 billion Clean Water Act penalty and up to $8.8 billion in natural resource damages. BP has agreed to pay a record environmental fine of $18.7bn to settle legal actions brought by the US and several states over the fatal 2010 Gulf of Mexico oil spill. The US justice department, along with the states of Louisiana, Mississippi, Alabama, Texas and Florida, Payment by oil company BP of $65 billion in compensation to people impacted by the spill 11 workers killed and 17 injured by the explosion on the Deepwater Horizon oil rig About 1,300 miles (2,100 km) of the U.S. Gulf Coast covered in oil

The Deepwater Horizon oil spill (also referred to as the BP oil spill, oil leak, or oil disaster; the Gulf of Mexico oil spill; and the Macondo blowout) is an industrial disaster that began on April 20, 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect, considered to be the largest marine oil spill in the history of the petroleum industry and estimated to be 8% to 31% larger in

15 Apr 2015 BP agreed to a $7.8 billion settlement, but still hasn't paid out most Gulf Coast Horizon Oil Spill, BP's Most Vulnerable Victims Are Still Struggling will determine how much BP owes in federal Clean Water Act fines. 4 Mar 2014 Court Rejects BP Appeal Over Gulf Oil Spill Payouts It's the latest decision in a legal back-and-forth over who BP owes money to following the said it no longer could give a reliable estimate for how much the deal will cost. 28 Apr 2010 I should probably clarify, the lease we are drilling on is owed by BP and a few other companies." Parts of the massive spill were lit on fire Wednesday as part of a the oil will reach the coastline, threatening as many as 400 species, The Deepwater Horizon drilling rig, operated by BP Oil and owned by  9 Jul 2013 The Gulf Oil Spill of 2010 captured the world's attention with the scale of its It doesn't include another $4.5 billion in fines it owes the government BP has set aside as much as $42 billion for a total potential tab when all is  While BP is on the hook for the clean up costs, there is a $75 million cap on an oil company's liability for economic damages, or other damages claimed by individuals or government, under the Oil BP faces total costs of around $65 billion, including fines and compensation, from the Gulf of Mexico oil spill disaster in 2010. British energy giant BP said Tuesday it will take an additional charge of $1.7 billion (1.4 billion euros) in the fourth quarter of 2017 linked to the Gulf of Mexico oil spill disaster in 2010. U.S. law may limit how much BP has to pay for damages such as lost wages and economic suffering in the oil spill. A law passed in response to the 1989 Exxon Valdez spill in Alaska makes BP

4 Feb 2020 On April 20, 2010, the Deepwater Horizon oil well, operated by BP Plc in the Gulf of Mexico, suffered an enormous explosion, killing 11 workers 

16 Jan 2018 It means BP will have paed out $3bn in compensation for 2017, compared with the $2bn anticipated. The jump in spill-related costs is a reminder  5 Oct 2015 Out of the money owed, BP will pay $5.5 billion to cover penalties disaster is considered by many to be the worst oil spill in US history. 16 Jan 2018 BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S.. Its shares dropped as much as 2.1 percent in London on Tuesday, the biggest 

2 Jul 2015 “BP is also resolving significant economic claims with the impacted state and “ The BP/ Deepwater Horizon oil spill was the worst environmental was preparing to announce how much the company owed in Clean Water 

This webpage provides information and materials on EPA’s enforcement response to the Deepwater Horizon Oil Spill, settlements with several of the defendants, including the record-setting settlement with BP Exploration & Production for an unprecedented $5.5 billion Clean Water Act penalty and up to $8.8 billion in natural resource damages. U.S. law may limit how much BP has to pay for damages such as lost wages and economic suffering in the oil spill. A law passed in response to the 1989 Exxon Valdez spill in Alaska makes BP BP agreed to pay $18.7 billion to settle all federal and state claims arising from the 2010 Deepwater Horizon oil spill, including the biggest pollution penalty in U.S. history.

U.S. law may limit how much BP has to pay for damages such as lost wages and economic suffering in the oil spill. A law passed in response to the 1989 Exxon Valdez spill in Alaska makes BP

15 Apr 2015 BP agreed to a $7.8 billion settlement, but still hasn't paid out most Gulf Coast Horizon Oil Spill, BP's Most Vulnerable Victims Are Still Struggling will determine how much BP owes in federal Clean Water Act fines. 4 Mar 2014 Court Rejects BP Appeal Over Gulf Oil Spill Payouts It's the latest decision in a legal back-and-forth over who BP owes money to following the said it no longer could give a reliable estimate for how much the deal will cost. 28 Apr 2010 I should probably clarify, the lease we are drilling on is owed by BP and a few other companies." Parts of the massive spill were lit on fire Wednesday as part of a the oil will reach the coastline, threatening as many as 400 species, The Deepwater Horizon drilling rig, operated by BP Oil and owned by  9 Jul 2013 The Gulf Oil Spill of 2010 captured the world's attention with the scale of its It doesn't include another $4.5 billion in fines it owes the government BP has set aside as much as $42 billion for a total potential tab when all is 

16 Nov 2012 HOUSTON — BP, the British oil company, said on Thursday that it had ago that killed 11 people and caused a giant oil spill in the Gulf of Mexico. incident: the company could owe as much as $21 billion in pollution fines  15 Apr 2015 BP agreed to a $7.8 billion settlement, but still hasn't paid out most Gulf Coast Horizon Oil Spill, BP's Most Vulnerable Victims Are Still Struggling will determine how much BP owes in federal Clean Water Act fines. 4 Mar 2014 Court Rejects BP Appeal Over Gulf Oil Spill Payouts It's the latest decision in a legal back-and-forth over who BP owes money to following the said it no longer could give a reliable estimate for how much the deal will cost.