News Headline Summary

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

- 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 (16:09)

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

15 Nov 2012 - 16:05 - Equities - Source: Newswires

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