BP's Gulf Oil Spill Cost is Now Over $6 Billion

Nathanael

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Tue Aug-10-10 11:41 AM
Original message

BP's Gulf Oil Spill Cost is Now Over $6 Billion

BP (NYSE:BP) estimates the Gulf of Mexico oil leak has cost the company US$6.1 billion.

This loss includes the cost of the Gulf response efforts, oil leak containment measures, relief well drilling, grants to Gulf states, claims paid to the federal government, and compensation for citizens affected by the disaster.

Link: http://www.energyboom.com/policy/bps-gulf-oil-spill-cost-now-over-6-billion

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damntexdem

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Tue Aug-10-10 01:02 PM
Response to Original message

1. No, that is its loss to date.

The cost is much greater than the value of the company, not that all of that cost will ever come due to BP.

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