As the cost of BP’s Gulf of Mexico oil spill grows, many of its victims, from failing businesses to fishermen and their families, may wonder if they can be compensated for their losses. After all, the bill already is in the billions, with estimates ranging from $37 billion to $70 billion.

But BP, formerly British Petroleum, has the means to foot that bill. The world’s third-largest energy giant had net profits of more than $10 billion combined in the last quarter of 2009 and the first quarter of 2010. In fact, BP has generated over $100 billion in profits, after expenses, in the last five years.

Just last year, BP had revenues of almost $250 billion, with $16.8 billion in profits. BP also owns huge oil reserves which could be converted into cash by selling them to other energy companies. How huge? The oil it owns that’s still in the ground reportedly is worth $13.5 trillion at today’s prices.

So if your business or livelihood is fishing, tourism or even oil rig work, now curtailed by the disaster, and if your income has been doused by a flood of toxic oil into the Gulf, don’t worry about BP having resources to pay for your damage. The British company has those resources — big-time –  and with its deep-pockets, BP is far from being able to declare bankruptcy to avoid such payments.

Gulf Coast law firm Jim S. Adler & Associates has been representing injury victims for more than 30 years, getting them the financial compensation they are due. An Adler oil spill lawyer or BP lawsuit attorney can represent you, too, defending your legal right to economic recovery from the ravenous oil giant that harmed you.

Inflicting a horrendous oil spill on Gulf Coast residents was a regrettable “accident,” in BP’s view, and it’s spent millions in TV advertising to make that claim. But with BP’s shoddy safety record and emphasis on speed over prudence, this tragic “accident” was virtually inevitable. BP was seriously negligent in the Deepwater Horizon oil rig explosion and spill. Now BP must pay for that negligence — and with an oil spill lawsuit on your side, BP can pay for it.

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