Shares in BP carried on falling further this morning, after it exposed that the expenses of cleaning up the oil spill off the Gulf of Mexico have arrived at $1.4 billion.

After a 15.8% plunge in its US share price for the night, BP’s London-listed stocks fell by 10% to 352p this morning before stabilizing at 375p. Since the angry outburst on the Deepwater Horizon rig on April 20, almost £57 billion has been cleared off BP’s market value.

In the most recent night, the US Justice Department said that it was making plans to take action, so as to make sure that BP had adequate cash, which could cover the damages.

BP said that it is not informed of any cause which offers justification regarding this share price movement. But the newest clean-up expenditure, which is above a previous approximation of $1.25 billion, will raise the stress levels on BP to slash or suspend its dividend, a move that had been anticipated by a number of City analysts.

The corporation this morning gave assurance, the market that it had, was capable enough and had the flexibility to reimburse for clean-up, containment and compensation costs for now and the coming days.