Deepwater

Victims of the Gulf of Mexico oil spill who receive compensation from BP's (BP) $20 billion escrow fund can't sue the U.K.-based firms' partners as well, according to BP executives and many others. But Ken Feinberg, the former pay czar who will run the huge escrow account, says that this may not be...

The costs associated with the Deepwater Horizon oil spill are rising and CEO Tony Hayward may soon be out of a job, but BP's second-quarter profits will likely be strong, thanks in large part to higher crude prices.

BP is trying to raise $50 billion to cover the expense of the Deepwater Horizon spill. Costs to clean up the oil so far have hit $1.4 billion and that the total is expected to be $3 billion to $6 billion -- which will further weigh down BP's stock price.