Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.
Dudley said “that given the current estimates of claims, the $20 billion Independent Claims (ICF), that BP established probably exceeds calls,” Citigroup analysts wrote in a research note.
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BP Expects Gulf Compensation Claims Below $20 Billion originally appeared on DailyFinance on Mon, 13 Sep 2010 06:56:00.
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