It has been aÂ disastrousÂ year for BP when it comes to their financial outlook, since Â they underwent something that they might have not even imagined of at theÂ beginningÂ of the year. USA’s worst ever oil spill which took place as a result of the Deepwater Horizon oil rigÂ explosionÂ in the month of April caused a total of loss to BP amounting to $6.1 Billion.
The oil spill has causedÂ unmountableÂ environmentalÂ damage, and there has been around 145000 claims that have come up as a result of the oil spill. The claim amount goes upto $319 million. The drilling operations of BP have also been questioned by the US government, in the Gulf of Mexico. BP has reportedly managed to plug the oil well.
Reuters reports that the shares and investments of BP have beenÂ severelyÂ hampered due to the spill, and all the costs incurred in the oil spill amounts to $6.1 billion.