BP's Tab So Far in Gulf Spill: $38B

But third-quarter results better than expected
By Evann Gastaldo,  Newser Staff
Posted Oct 30, 2012 6:44 AM CDT
BP's Tab So Far in Gulf Spill: $38B
This April 21, 2010 file photo shows oil in the Gulf of Mexico as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig.   (AP Photo/Gerald Herbert, File)

(Newser) – BP is still calculating its costs related to the Deepwater Horizon oil spill, but the Gulf of Mexico disaster has now cost the oil giant more than $38 billion to date, Sky News reports. The firm’s third-quarter report included $59 million in payments related to the spill, but even so, results were better than expected, and the company raised its quarterly dividend 12.5%. "BP's performance and the strong progress we are making in transforming the company give us the confidence to increase distributions to our shareholders," said the CEO. (Read more Deepwater Horizon stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X