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 BP and the Department of Justice agreed to a record-setting $4.525 billion in fines and other payments. As of 2018 [update], cleanup costs, charges and penalties had cost the company more than $65 billion. Ownership of the rig itself was by offshore drilling contractor, Transocean, and was leased to BP to explore the Macondo Prospect. Macondo is an oil field off the coast of Louisiana. BP pled guilty to 14 felony charges from the U.S. Department of Justice (DOJ) and paid fines of more than $4 billion on settling

The answer: the $61.6 billion cost to BP of the 2010 oil spill in the Gulf of Mexico. On Thursday, BP issued its final estimate of the cost of the spill, the largest in U.S. history. 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. The British oil firm said on Tuesday it would pay the $1.7bn charge in the last quarter of 2017 for court-ordered 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 BP and the Department of Justice agreed to a record-setting $4.525 billion in fines and other payments. As of 2018 [update], cleanup costs, charges and penalties had cost the company more than $65 billion.

BP’s total costs for the deadly Deepwater Horizon disaster is approaching $62 billion. The oil giant today said it expects a pre-tax non-operating charge associated with the 2010 Gulf of Mexico oil spill of around $5.2 billion, bringing the total bill for the environmental disaster to $61.6 billion.

16 Jan 2018 A controlled burn of spilled oil that was conducted after the Deepwater It badly damaged BP's reputation and has cost the company tens of  12 Feb 2020 The BP Oil Spill in April 2010 released more than 4.9 million barrels of crude in the BP oil spill and had leased it to BP to explore Macondo Prospect. Those fines, plus payments to settle various civil claims, cost BP more  14 Jul 2016 BP PLC said its costs from the deadly 2010 Gulf of Mexico oil spill BP had said it was impossible to estimate the ultimate corporate cost of the  21 Apr 2017 Plenty has been said about the monumental costs of the BP oil spill, which spewed 134 million gallons of oil into ocean. Last year a judge  11 Apr 2019 Our data does not include the oil spill volume We set up the $20-billion Deepwater Horizon Oil Spill Trust for claims and certain other costs, 

$40 Billion—the reported cost of the BP Gulf Coast oil spill. But the nominal cost of cleaning up a hydrocarbon disaster only reflects a part of the damages, longer term.

The 2010 BP Deepwater Horizon spill is estimated to cost $61.6 billion when all the lawsuits and settlements are completed. The Major Ones The 1989 Exxon Valdez spill cost $3.8 billion, but the lawsuits continue. BP has estimated its total cost for the disaster at $54.6 billion, an enormous sum but one which could yet be surpassed by the cost to Volkswagen () of fixing its diesel emissions scandal. Credit Suisse has estimated the total cost to the automaker could hit 78 billion euros ($87 billion) in a worst case scenario.

14 Jul 2016 BP PLC said its costs from the deadly 2010 Gulf of Mexico oil spill BP had said it was impossible to estimate the ultimate corporate cost of the 

BP Is Paying Big Time for the Gulf Oil Spill. The spill has now cost BP a total of $54.6 billion. 16 Jan 2018 BP said Tuesday that its costs related to the major 2010 oil spill disaster in the Gulf of Mexico grew by $1.7 billion. 14 Jul 2016 BP has said it has drawn a line under the cost of the 2010 Deepwater Horizon a result of the oil spill in the Gulf of Mexico, and further payments for some of Brian Gilvary, BP's chief financial officer, said the company had 

16 Nov 2012 Meanwhile the actual damage that the oil spill did to the environment was almost certainly tens of billions more than any payouts BP has been 

5 Jul 2010 AFP - BP's costs arising from the devastating oil spill in the Gulf of Mexico have rocketed to 3.12 billion dollars (2.49 billion euros), the company  2 Oct 2015 BP Oil Spill and if the BP Oil Spill had happened in India and Comparative Drawbacks of the plan • Polluter Pays Principle- deals with cost of  8 Sep 2010 A long-awaited BP report lists eight reasons for the accident that caused its catastrophic Deepwater Horizon oil spill. did not create a seal, and oil and gas began to leak through it into the pipe leading to the surface. BP says  26 Oct 2010 In the Gulf of Mexico, BP had more spills than Shell between 2000 and 2009, even though Shell produced more oil there. BP's workers also 

28 Sep 2018 More than eight years later, Mexico quietly settled with the oil giant BP Quietly Paid Just $25 Million to Mexico After The Worst Oil Spill Of The Century cost nearly $4 million, although the INECC did not provide figures for  The 2010 oil spill had immediate and lasting consequences on the ecology of the Gulf of Mexico. Learn about the effects and aftermath. What kind of impacts are we still seeing? The oil disaster caused incomparable damage to an already-stressed Gulf Coast ecosystem. From dolphins to sea turtles  4 Sep 2014 The ruling could potentially cost BP billions more in compensation payments. The 2010 oil spill was the worst in US history, and BP has set aside In its most recent annual report, BP said it had set aside $3.5bn for this