Firm warns that costs could rise further due to a "very high degree of uncertainty"
February 04, 2015 at 05:59 AM
1 minute read
The original version of this story was published on Legalweek
BP upped its provision for litigation and claims costs stemming from the 2010 Gulf of Mexico oil spill by $1.1bn (£724m) last year, bringing its estimate of total litigation and claims costs relating to the incident to $26.8bn (£17.7bn).
In an earnings update issued yesterday (3 February), the oil giant said it had upped its estimate of litigation and claims costs by $435m (£287.5m) in the fourth quarter of last year.
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