BP faces multi-billion dollar fine over Gulf of Mexico oil spill

BP is facing a multi-billion dollar fine after it was found to be "grossly negligent" over the 2010 Gulf of Mexico oil spill.

A US judge is yet to rule on how much the company will have to pay out. However, BP has said it would appeal the ruling.

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BP shares tumble after Gulf of Mexico ruling

BP shares appear set for their worst one-day fall since 2010 after a judge ruled the oil company had been negligent in events leading up to the 2010 Gulf of Mexico oil spill.

The company's shares were down by 6% at the close of trading in London - making it the worst performer on the FTSE 100.

The ruling could add billions of dollars in fines to the more than £25 billion the company has already been charged for the disaster.

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