BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the US$20 billion ($27.3 billion) the oil giant has put into an independent claims fund, analysts at Citigroup said, following a meeting with incoming chief executive Bob Dudley.
Dudley added the US$32 billion provision BP made for the total cost of the disaster remained a reasonable indicator of eventual cost.
Dudley also said claims by Gulf states for lost tax revenue related to the spill "should not be too high".
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