Stat of the day: $20bn

The amount BP is now expected to have to pay out in compensation following the Gulf oil spill.

by
Last Updated: 09 Oct 2013

To say that BP has had a difficult year would be an understatement. But it looks like things may slowly be getting back on track for the oil giant, whose Mexican Gulf oil spill has not only done enormous damage to its own image, but also to that of the UK as a whole (at least as far as Americans are concerned). With brand new (American, natch) CEO Robert Dudley about to take the reins, though, things seem to be looking up - particularly now analysts have suggested the entire fiasco could cost the company less than $20bn. That's still a hefty wedge, obviously - but when you take into account that BP had been expecting to shell out as much as $32bn...

Source: The Daily Telegraph

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