BP Expects To Incur 40 Billion Dollars Charges Over Gulf Of Mexico Oil Spill

The British oil major BP expects to suffer almost 40 billion dollars charges related to the Gulf of Mexico oil spill, the company said on Tuesday. However, the company announced some profit for the ongoing quarter.The company reported a net profit of 1.785 billion dollars for the third quarter after a loss of 16.9 billion dollars during the second quarter of this year.BP has already taken total estimated charges of 39.9 billion dollars (28.6 billion euros) including 7.7 billion dollars during Q3 related to that hazardous oil spill in Gulf of Mexico.
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