Gulf Oil Spill Cost BP 46 Billion Pound

Oil giant British Petroleum (BP) has put a 61.6 billion-dollar (46 Billion Pound) final price tag on its catastrophic Gulf of Mexico oil spill cost the company. 
It is the first time that the company has put a total cost on the Deepwater Horizon disaster. 
BP said it expects to spend a total of 44 Billion Dollars (32.8 Billion Pound) after tax deductions are factored in. The new estimate included 5.2 billion dollars (3.8 Billion Pound) in new pre-tax costs. 
In 2010, one of the company's deep-sea wells blew out off the coast of Louisiana, leading to the sinking of the Deepwater Horizon drilling rig. Eleven rig workers were killed in the explosions and millions of gallons of oil spewed into the Gulf for 87 days. 
BP said the cost estimate included all "remaining material liabilities". 
The company has settled the majority of the claims filed against it by companies, local, state and federal governments and individuals, such as scores of fishermen. 
It said its new pre-tax $5.2 billion cost estimate covers all outstanding business and economic loss claims stemming from litigation filed by individuals and companies. 
In April, a judge approved a 20 Billion dollar (15 Billion Pound) settlement over economic and environmental damage between BP and state and federal governments, one of the largest corporate penalties in US history.

Source: QNA