LONDON, July 30 (Reuters) - Oil major BP Plc's chiefexecutive on Tuesday sought to reassure investors that thecompany was well prepared for the long legal battle fightinglitigation linked to the Gulf of Mexico oil spill.
"As we continue to fight these absurd (compensation)outcomes and as the likelihood of extended litigation on othermatters increases as a result, we want everyone to know that weare digging in and well-prepared for the long-haul on legalmatters," BP CEO Bob Dudley told reporters at a presentation ofthe company's quarterly results.
The company said earlier on Tuesday that its $20 billionGulf of Mexico oil spill trust fund has almost run out afterprovisions for compensation costs so far leaped by $1.4 billionin the second quarter.
BP (BP.)
