BP's Deepwater Horizon costs total $62B

BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion.

The British oil giant said that figure includes a new $5.2 billion pre-tax charge on the company's second-quarter earnings, covering the costs of certain business and economic loss claims and a securities settlement.

The company said it believes any additional future costs associated with Deepwater Horizon will not have a significant effect on its finances.

The costs, which total $44 billion after the tax impact is factored out, cover multiple comprehensive settlements with federal and state authorities, shareholders, property owners and consumers. Affected parties will receive compensation by 2019, BP estimated. The company has sold numerous assets to cover the bill.

Justice files $20B BP oil spill deal with court

“Over the past few months we’ve made significant progress resolving outstanding Deepwater Horizon claims and today we can estimate all the material liabilities remaining from the incident," BP chief financial officer Brian Gilvary said in a statement. "Importantly, we have a clear plan for managing these costs and it provides our investors with certainty going forward."

BP shares traded on the New York Stock Exchange (BP) rose 0.1% to $36.61 in mid-afternoon trading.

In October, BP agreed to a $20 billion settlement with the U.S. Justice Department, more than five years after the disaster stained more than 1,300 miles of the Gulf of Mexico's coastline. That deal included a massive restoration effort for plant and wildlife habitats that were damaged when 3 million barrels of oil spewed into the Gulf.

The deal also included a $5.5 billion civil penalty and $7.1 billion in claims under the Oil Pollution Act.

Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.