BP says oil spill costs climb to $3.5 billion

By ASSOCIATED PRESS
July 12, 2010 10:33




LONDON — The cost of dealing with the oil spill in the Gulf of Mexico has risen to $3.5 billion, BP said Monday.

The oil company said that this includes nearly $165 million paid to settle individual claims. BP said that by Saturday, it had received 105,000 claims and made more than 52,000 payments.

The company noted that it is still too early to estimate the final total of costs and compensation.


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