MEXICO CITY (Sputnik) – The Thursday settlement will be paid over the next two years, the newspaper said on Friday, specifying that it is still subject for approval by a Houston federal court judge.
BP has already put aside over $56 billion to cover cleanup and legal costs following the disaster, according to The Wall Street Journal.
BP investors claim that the company did not sufficiently inform them of business risks related to the spill and they suffered losses as oil seeped into the Gulf and BP shares dropped.
Following the BP spill, the company's share price reduced by half and froze dividends. BP was also forced to sell half of its offshore platforms and refineries to help meet a staggering fine of $40 billion for the clean-up and compensation costs.
