BP says it has apent $930 million so far on response to ruptured Gulf well

By AP
Saturday, May 29, 2010

BP: Gulf spill response has cost it $930M so far

NEW YORK — BP PLC says it has spent $930 million so far responding to a ruptured oil well in the Gulf of Mexico.

The British oil giant owns the well that’s gushed millions of gallons of crude for more than a month.

The company made the estimate Friday in a regulatory filing. The costs include what it has spent on responding to the spill, drilling relief wells, paying grants to Gulf states, damage claims and federal costs.

BP says it’s too early to quantify other potential costs and liabilities associated with the spill.

Scientists say the Gulf spill much worse than the Exxon Valdez disaster of 1989.

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