Wall Street Journal | BP Swings to Second-Quarter Loss on Lower Oil Price, Deepwater Horizon Charge ... Wall Street Journal The sharp decline reflects a $10 billion pretax charge that BP recorded as part of an $18.7 billion agreement with the U.S. government and five states to settle legal claims relating to its fatal oil spill in the Gulf of Mexico. The earnings also ... BP profits fall on low oil price - BBC News - BBC.com BP announces $4.2bn loss as oil prices continue to fall | Irish Examiner BP profits slide as falling oil prices and disaster charges bite - FT.com |