Guardian: BP’s incoming chief executive, Bob Dudley, has reassured the City that the company will probably end up paying out less than the committed $20bn in compensation for those affected by the Gulf oil spill. The White House ordered the company to pay $20bn into a compensation fund over three and a half years, making it clear that further payments may be required. Although BP still does not know how much it will have to contribute, Dudley’s comments that the $20bn already pledged …

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