BP Settles For A Record $4.5 Billion On Gulf Of Mexico Oil Spill Charges
More than two years after the Deepwater Horizon accident in the Gulf of
Mexico that left 11 dead, BP has plead guilty and settled all claims
with the Department of Justice and the Securities and Exchange
Commission for $4.5 billion. The settlement will take the existing
charge against earnings up $3.9 billion to nearly $42 billion.
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