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BP Plans More Payments for Oil Spill Losses

BP says it's preparing to send a second round of payments to Gulf Coast residents and businesses facing a loss of income or profit because of the Gulf of Mexico oil spill.

Special Section: Disaster in the Gulf

The announcement came as President Obama visited Louisiana on Friday for the third time since the spill. In New Orleans, Mr. Obama criticized BP for spending money on advertising and paying shareholder dividends during the crisis.

BP estimates that once the payments are made, it will have spent about $84 million for loss of income or net profit through June to people in Louisiana, Mississippi, Alabama and Florida.

The company said in a statement that about 14,000 individuals and businesses in those states have already received a payment.

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