Detailed text transcripts for TV channel - CNN - 20100727:16:06:00
Carter, if you would, give us a glimpse at these numbers. >> well, you know, we're talking about the largest oil spill in u.s. history here. so not surprisingly, this took a huge bite out of bp's bottom line. the oil giant lost more than $17 billion in the second quarter. now, this loss comes because the company took a whopping pretax charge of $32 billion to pay for the clean-up. that's going to cover most of the direct cost, but the company says it just can't estimate future claims from fines and lawsuits and we all know those are coming. the crazy thing is that bp is actually a really healt...
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