BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days.
London-based BP said in a statement on Monday that 51,000 damages claims had been submitted and that more than 26,500 payments, worth over $62 million, had been made.
The $1.6 billion includes only $60 million of $360 million the oil major has committed to building barrier islands off the Louisiana coast.
(Editing by Louise Heavens)
Copyright 2026 Reuters. Click for restrictions.
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