BP’s Gulf oil spill costs approach $50 billion

Published September 24, 2014 7:11pm ET



NEW ORLEANS (AP) — BP PLC estimated in 2010 that it faced about $40 billion in potential liabilities from the Deepwater Horizon disaster that killed 11 workers and spilled oil into the Gulf of Mexico for months. Now its shares are suffering as the total approaches $50 billion. Here’s where the company’s money is spilling:

— Damage Claims and Environmental Restoration: BP says it has paid more than $27 billion to restore the Gulf Coast and compensate victims in an uncapped settlement fund.

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