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BP Clean Water Act liability capped at US$13.7 billion

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Report summary

The court hearing BP s Clean Water Act trial has ruled that 3.19 million barrels of oil were released into the Gulf of Mexico capping the potential penalty at US$13.7 billion. The news is positive for BP and its investors lowering the maximum penalty by US$3.9 billion (based on the US Government s 4.19 million barrel claim). We believe that BP has the ability to absorb the maximum potential penalty even following the oil price collapse.

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    BP Clean Water Act liability capped at US$13.7 billion

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