Energy giant BP announced a return to profit on Tuesday but revealed new shock estimates for the cost of its Gulf of Mexico oil spill, putting the expected bill at close to $40 billion.
The new figure is far higher than expected.
BP said it had taken an additional charge of $7.7 billion during the third quarter, bringing the company's own total estimated clean-up and legal costs to $39.9 billion.
The company also reported a net profit of $1.785 billion for the third quarter following a loss of $16.9 billion during the second quarter of this year.
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The new figure is far higher than expected.
BP said it had taken an additional charge of $7.7 billion during the third quarter, bringing the company's own total estimated clean-up and legal costs to $39.9 billion.
The company also reported a net profit of $1.785 billion for the third quarter following a loss of $16.9 billion during the second quarter of this year.
[Read More]
A bird covered in oil is cleaned at the Fort Jackson Oiled Wildlife Rehabilitation Center in Buras
The Gulf of Mexico oil disaster was triggered by a blast on the Deepwater Horizon rig
The broken well was eventually plugged but not before it gushed about 4.9 million barrels of oil into the Gulf waters
VIDEO: BP disaster, six months on. Duration: 00:36
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