BP hit with another massive fine over Deepwater Horizon oil spill

BP Global plans to announce in its upcoming second-quarter earnings report that it will pay an additional $2.5 billion in fines for the Deepwater Horizon oil spill of 2010, according to The Guardian. The additional charges bring BP's total pre-tax fines to date to $61.6 billion, or $44 billion post-taxes.

BP will pay an additional $2.5 billion

The company's chief financial officer has assured investors that any other outstanding claims related to the spill would not have material impact on the company.

The Deepwater Horizon explosion in 2010 killed eleven people and caused nearly 5 million barrels of oil to spill into the Gulf of Mexico. As recently as April of this year, scientists were still finding evidence that the oil spill has...