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A British Petroleum (BP) sign is seen at a petrol station in south London July 29, 2008. REUTERS/Dylan Martinez (BRITAIN) - RTX87R7

BP saving up for future court battles

Marissa Hall | Shale Plays Media

The Deepwater Horizon spill has cost BP $43 billion, but the company is still planning ahead for future expenses. During the second quarter, the company saw $260 million in charges related to the disaster. According to an article by Jennifer Larino for the New Orleans Times-Picayune, BP put away the majority of that amount for court battles in the future.

The figures did not include an estimate for how much BP expects to spend on payments to businesses harmed by the spill.

The company said it is not able to “reliably estimate” the cost of those payments, which were under a court-ordered hold until this June.

BP reported $3.6 billion in profit for the second quarter of 2014.

Check out Larino’s article for all the details: BP sets aside $260 million for future oil spill legal costs

Related: BP profit jumps but warns of Russia sanctions impact

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