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BP, Anadarko end Gulf oil spill dispute

Anadarko will pay BP $4 billion, settle claims

Two companies involved in last year’s Gulf oil spill announced Monday they will settle claims over the disaster. Anadarko Petroleum Corp. will pay BP $4 billion, a higher-than-expected figure, analysts said.

The decision is good news for BP, as it prepares for a February 2012 trial in New Orleans that will determine whether the company demonstrated gross negligence with the handling of the Macondo well, which exploded and killed 11 workers before leaking 5 million barrels of oil into the Gulf of Mexico last year.

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