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BP Braced for Legal Long-Haul as Spill Payouts Leap

BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter.

By Andrew Callus, Reuters | Updated on July 31, 2013

BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter.

The payouts, the scale of which BP is disputing even though they are one part of the case that was settled last year, have been the focus of attention in recent months in a wider legal process that has saddled BP with a $42.4 billion clean-up, fines and compensation burden and could yet cost billions more.

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