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BP raises oil spill charge as Q2 misses forecasts
July 30, 2013 / 6:16 AM / 4 years ago

BP raises oil spill charge as Q2 misses forecasts

LONDON, July 30 (Reuters) - International oil company BP Plc increased its giant accounting provision for the 2010 oil spill to $42.4 billion from $42.2 billion on Tuesday and said its $20 billion fund to pay spill compensation had only $300 million left in it.

The news came as BP’s second quarter results missed expectations, with adjusted net profit coming in at $2.712 billion compared with expectations of $3.410 billion.

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