BP (NYSE:BP) is alone in paying for the Gulf cleanup and liabilities, even though they are not the sole owners of the properties. Anadarko Petroleum (NYSE:APC) and Mitsui of Japan, are 25 percent and 10 percent owners respectfully, while BP is the majority owner with their 65 percent stake.
Although the agreement of ownership includes a clause which requires Anadarko and Mitsui to pay for problems related to the Macondo oil well, it also includes an out, which relates to if there were reckless actions which led to an accident.
In this case, Anadarko especially, has asserted BP has been reckless in the matter, and so they are released from having to pay a portion of the costs, even though they are owners.
Mitsui, throughout the entire situation, have refused to comment.
Anadarko has been sent a $272 million bill most recently, while Mitsui has been sent a bill for $111 million.
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