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BP is facing pressure from Senator Chuck Schumer of New York and Ron Wyden of Oregon to delay dividend payments to its shareholders (estimated at 10 Billion dollars) until the full costs of the oil cleanup can be confirmed.

To date BP have paid an estimated $1.25 Billion towards the cleanup of the spill, and are expected to pay Billions more. BP spokesman Toby Odone argues that dividend payments are a company matter and should not be interfered with by the oil crisis. He also pointed out that BP have agreed to cover all legitimate costs concerning the spill – despite a $75 Million cap on liability damages set out by Federal law.

BP share price has seen a 30pc drop since the spill in the Gulf of Mexico on April 21st. After numerous attempts to contain the Oil, BP's most recent effort – a cap placed on the well 3rd June to siphon oil to a ship on the surface – has proved successful resulting in nearly half of the leaking oil being captured (roughly 6,000 barrels per day).