How BP and Chevron’s oil spills cost BP $1.4 billion in US court settlement

Jun 16, 2021 Products

BP has agreed to pay $1 billion in a US court judgment to settle claims that it covered up and suppressed evidence about the oil spill in the Gulf of Mexico in 2010.

The company also agreed to settle allegations that it used faulty data in its 2010 report.

The settlement is part of a long-running US-Korea legal dispute over BP’s role in the 2010 spill.

BP is also expected to pay another $400 million in fines to settle the claim.

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