BP adds $847m to Deepwater Horizon costs

http://www.guardian.co.uk/business/2012/jul/31/deepwater-horizon-bp-847m-dollars


BP's total bill for the Deepwater Horizon disaster is now $38bn. Photograph: Gerald Herbert/AP

The Gulf of Mexico oil spill continues to plague BP more than two years after the disaster as the company has revealed another $847m (£538m) hit to cover rising legal costs.

The additional charge for the second quarter brings the total bill for the fatal Deepwater Horizon incident to $38bn, BP said.

BP is struggling to shake off the reputational blow of the April 2010 Macondo blow-out after recently coming under further fire in a report from a US government safety panel.