Costs associated with the Gulf of Mexico disaster and falling oil prices pushed BP to a loss of $4.2bn (£2.7bn) in the first half of its financial year.
The group said the profit figure reflected a pre-tax charge of $9.8bn that it booked in the second quarter.
It was the result of a deal signed earlier this month to settle a series of legal cases related to the Gulf of Mexico disaster in 2010, taking the total to date to $54.6bn.
To give you an idea of the scale of the amount, that figure would not even be enough to buy Tesco three times over.
BP made a replacement cost profit of $6.7bn in the same period last year but, leaving the effects of the massive oil spill five years ago aside, oil prices have fallen more than 50% over the past 12 months, reports Sky News.
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