BP has paid out $5B in damages related to the Gulf oil spill, well-below the $20B originally set...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP has paid out $5B in damages related to the Gulf oil spill, well-below the $20B originally set aside by the firm. Less than 50% of the claims received by the fund administrator have been approved, but BP maintains future payouts should be even lower because the Gulf is recovering at a faster rate than anticipated.