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BP Announces Resolution of All Criminal and Securities Claims by U.S. Government Against Company Relating to Deepwater Horizon Accident

Highlights of Resolution

  • Resolution of all criminal claims with Department of Justice includes $4 billion paid in installments over a period of five years
  • Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period of three years
  • Existing $38.1 billion charge against income to increase by approximately $3.85 billion
  • BP is prepared to vigorously defend itself against remaining civil claims

LONDON–(ENEWSPF)–15 November 2012. BP today announced…

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