BP moves on from Macondo

WHILE BP believes it has finally drawn a line under the $US61.6 billion worth of material liabilities for the 2010 Deepwater Horizon disaster, having reported its third straight quarterly loss, analysts warn the incident would dog it for some time to come, and its net debt is "uncomfortably high and rising".

The company booked a net post-tax non-operating charge of $2.8 billion for the second quarter, including $5.


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