LONDON (AP) - BP PLC returned to profit in the third quarter but said it doesn't plan to rush back into the Gulf of Mexico as it raised the likely cost of the devastating oil spill there by $7.7 ...

BP’s costs for the oil spill in the Gulf of Mexico have increased nearly half a billion dollars in the past week, raising the oil giant’s tab to just over $3 billion for work on cleaning and capping ...

The oil company tells investors it's spent over $1 billion in costs since April 20 for the spill — and that rate is only 'expected to continue for some time.' Meanwhile, as the lawsuits mount ...

BP will survive the worst oil spill in U.S. history for several key reasons: it has little debt; its global businesses are forecast to generate $26 billion next year in cash flow from operations; the ...

Just a few months ago, offshore drilling was poised to play a greater role meeting in the nation’s energy needs. But the massive BP oil spill in the Gulf of Mexico has brought an abrupt reversal to ...

Wildlife in the path of the Gulf oil spill are clearly going to pay for human error: will British Petroleum, the company using the oil rig, pay too? That's a question environmentalists, investors, and ...

Even before it was scheduled to air tonight on PBS, Robert Dudley, the new CEO of BP, warned business leaders that his company was about to get another black eye. He said a report by ProPublica and ...