World Business

BP says oil spill costs climb to $3.5b

(Agencies)
Updated: 2010-07-12 15:29

BP says that the cost of dealing with the oil spill in the Gulf of Mexico has risen to $3.5 billion.

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The oil company said Monday that this includes nearly $165 million paid to settle individual claims. BP said that by Saturday, it had received 105,000 claims and made more than 52,000 payments.

The company says it is still too early to estimate the final total of costs and compensation.