BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, is preparing to spend more money related to Deepwater Horizon this year.
The London-based energy giant plans to take a post-tax non-operating charge of about $1.7 billion in its fourth-quarter 2017 results, according to a Jan. 16 press release.
That’s mainly due to significantly higher claims determinations from the court-supervised settlement program for the Deepwater Horizon class action settlement and the continuing effect of…
Houston Biz Journal
BP to take another .7B charge related to Deepwater Horizon claims