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BP Faces Fines of up to $17.6bn

Deepwater Horizon Spill Site

BP lost an effort to eliminate the possibility of a finding of gross negligence that might trigger fines as much as $17.6bn in the trial over the 2010 Gulf of Mexico oil spill.

BP Pleads Guilty and Will Pay $4bn For Deepwater Horizon Incident

Deepwater Horizon Spill Site

BP Exploration and Production Inc. pleaded guilty Tuesday to 14 criminal counts for its illegal conduct leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4bn in criminal fines and penalties, the largest criminal resolution in U.S. history, Attorney General Holder has announced.

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