BP reaches $7.8 billion deal
BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the US government, Gulf states and drilling partners.
British energy giant BP on Tuesday said its net profit jumped 7.7 per cent to US$5.43 billion in the third quarter compared to the equivalent period last year.