Sell,buy or hold? BP: $2 Billion Spent on US Oil Spill

source:voanews.com
Oil company BP says it has spent $2 billion responding to the massive oil leak in the Gulf of Mexico.

In a statement Monday, the British energy company said its costs to date include ongoing containment efforts, relief well drilling, federal costs and claims paid to affected individuals and businesses.

The company last week agreed to establish a $20 billion fund to compensate victims of the disaster. It said Monday it has so far paid out $105 million in response to 32,000 claims resulting from the leak, caused by an explosion at a deepwater oil rig two months ago.