Sources: BBC
London-based BP agrees, pending court approval, to pay $US18.7 billion to compensate the United States government and the five Gulf Coast states--Alabama, Florida, Louisiana, Mississippi and Texas--for damages stemming from the 2010 Gulf of Mexico oil spill. The settlement includes a civil penalty of $US5.5 billion under the Clean Water Act. 2015-07-2
BP and plaintiffs reach an agreement over compensation for the Deepwater Horizon oil spill in the Gulf of Mexico. 2012-03-2
BP raises the estimated cost of the Deepwater Horizon oil spill in the Gulf of Mexico to $40 billion. 2010-11-2
The British oil firm sells its interests in four Gulf of Mexico oil wells to Japanese firm Marubeni, in a wider cash-raising effort that aims to raise 30 billion dollars for compensations related to the oil spill. 2010-10-25
BP starts pumping cement into the Deepwater Horizon oil well in the Gulf of Mexico at the culmination of cleanup efforts for the Deepwater Horizon oil spill. 2010-09-17
It is revealed that BP chief executive Tony Hayward is negotiating his terms of exit after being negatively criticised by politicians in the United States over his handling of the Deepwater Horizon oil spill in the Gulf of Mexico. 2010-07-25
BP reports that no oil is leaking into the Gulf of Mexico from the Deepwater Horizon oil spill for the first time since it began in April. 2010-07-15
BP's costs for the massive Gulf of Mexico oil spill reach $3.12 billion, for cleanup, containment, relief well drilling and damage claims. 2010-07-5
BP chief executive Tony Hayward hands over responsibility for cleaning up the Gulf of Mexico oil spill to senior executive Bob Dudley "effective immediately". 2010-06-23
Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots as fresh evidence that the leak from the broken undersea well could be substantially worse than estimates that the United States government and BP have given. 2010-05-16