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Tuesday, November 10, 2026Nov 10

BP costs for oil spill response pass $3 billion

TOM BREEN

Associated Press Writer

NEW ORLEANS – BP’s costs for the disastrous Gulf of Mexico oil spill climbed nearly half a billion dollars in the past week, raising the oil giant’s tab to just over $3 billion for work on cleaning and capping the gusher and payouts to individuals, businesses and governments.

London-based BP PLC, the largest oil and gas producer in the Gulf, released its latest tally of response costs Monday. The total of $3.12 billion was up from $2.65 billion a week earlier. The figure does not include a $20 billion fund for Gulf damages BP created last month.

As BP continued drilling relief wells that are the best hope for plugging the blown-out well, a giant new oil skimming vessel was tested in the Gulf. But lousy weather means it may be longer than first hoped before officials know if it can work full-time sucking crude from the sea.