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BP in USD 175 million settlement with shareholders

The financial consequences of the historical oil spill after the explosion on Deepwater Horizon continue. The oil company BP has now agreed to a settlement for approximately USD 175 million with a group of shareholders.

Photo: Gerald Herbert

The catastrophic oil spill in the Gulf of Mexico five years ago continues to bring expenses for BP.

The company already agreed to pay fines worth about USD 19 billion and has now settled with a number of shareholders for USD 175 million.

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