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BP's bill for oil spill rises to $54.6 billion after additional settlement

Reuters

LONDON (Reuters) - Oil major BP (BP.L) has reached an additional $1 billion (643 million pounds) settlement agreement for claims from local U.S. government entities regarding the Gulf of Mexico oil spill, bringing the total bill to $54.6 billion, it said on Tuesday.

"As part of the agreements in principle, BP agreed to pay up to $1 billion to resolve claims made by local government entities," the company said in its second-quarter results update.

On July 2, the oil company reached a milestone $18.7 billion settlement with the U.S. government and five states to resolve claims from the deadly 2010 Macondo oil spill.

(Reporting by Karolin Schaps; editing by Jason Neely)