The energy sector is still in the midst of a near-depression, and BP‘s (LSE: BP) high dividend payout is hardly justified by its profitability — but drawing a line under the costs of the fatal 2010 Gulf of Mexico oil spill is certainly a cause for relief.
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Owain Bennallack owns shares of BP. The Motley Fool UK has recommended BP. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.