BP: final court approval ends Deepwater Horizon uncertainty

With US court approval of the proposed Consent Decree, the July 2015 agreement BP reached to settle all federal and state claims for up to US$18.7 billion is now effective. The ruling marks the end of material regulatory and financial uncertainties for BP related to the Deepwater Horizon incident, with only the final Plaintiff Steering Committee payments to agree. Confirmation of the remaining financial liability for Deepwater Horizon will allow BP to fully focus on adapting to a 'lower for longer' price environment. We have identified the company's top three strategic drivers.