BP warns settlement costs may be 'significantly' over $7.7B, FT says

theflyonthewall.com

BP (BP) warned the cost of its court settlement with businesses and individuals affected by the Deepwater Horizon spill will be “significantly higher” than $7.7B, as payments being made under the deal come in higher than expected, according to Financial Times, citing notes to the company's annual report filed earlier this week. Additional payments could run into the billions of dollars based on trends so far, Financial Times said.

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