LONDON — BP faced another net loss in the second quarter but has now drawn a line under the 2010 Gulf of Mexico oil spill disaster, the British energy giant said on Tuesday, posting loss after taxation at USD1.4 billion (1.3 billion euros) for the three months to June, which however compared with the far larger loss of USD5.8 billion for the second quarter of 2015, after revealing earlier this month that the final cost for the spill stood at $61.6 billion, including the latest second-quarter hit.
BP also booked a net post-tax non-operating charge of $2.8 billion for costs linked to the oil disaster. That included a pre-tax non-operating charge of $5.2 billion.
The energy major had already revealed BP added that this year's capital expenditure was now expected to fall below $17 billion.
"We are very pleased to have finally drawn a line under the material liabilities for Deepwater Horizon," said chief executive Bob Dudley in the results statement.
(AFP)
