BP bill for Deepwater disaster hits $42bn
The financial damage resulting from the Deepwater Horizon spill in the Gulf of Mexico continues to mount at BP, which incurred a further $4.1bn (€3.3bn) charge in the final three months of 2012, bringing the total clean-up bill so far to $42.2bn.
Earnings after taxation tumbled 54% to $11.582bn in 2012, compared with $25.7bn in 2011, BP said.