News Headline Summary

BP (BP/ LN) say existing EUR 38.1bln charge vs. income to increase by about USD 3.85bln

Says:
- BP is prepared to vigorously defend itself against remaining civil claims
- Resolution of all securities claims with SEC includes USD 525mln paid in instalments over a period of 3 years.
- Resolution of all criminal claims of DoJ included USD 4bln paid in instalments over a period of five years.

Reaction details:

- BP shares unmoved by this announcement as it is in-line with source reports earlier; trades GBP 4.289 last (+0.32%).

Print 16:05, 15 Nov 2012 - FTSE 100 - Source: Newswires