UPDATE 3-BP profits slump after huge oil spill charge
* BP takes $10.8 bln hit after $18.7 bln Macondo settlement
* Oil prices to remain soft in short and medium term - CFO
* 2015 capex to fall below $20 billion (Adds CFO, analyst comment, details, updates shares)
By Ron Bousso and Karolin Schaps
LONDON, July 28 (Reuters) - BP's second-quarter profit slumped by nearly two thirds from last year as it grappled with lower oil prices, a write off in Libya and a $10.8 billion charge for the 2010 crude spill in the Gulf of Mexico.
Expecting a prolonged period of lower crude prices, the British oil and gas company also cut its capital spending plans for this year for a second time to below $20 billion from $22.9 billion last year. Norwegian rival Statoil announced more spending cuts too.
BP's Chief Financial Officer Brian Gilvary said he expected oil prices, which fell on Tuesday to their lowest since February below $53 a barrel, to remain soft in the medium term because of a supply glut worldwide.
BP reached an $18.7 billion agreement with the U.S. government and five states earlier this month to resolve most claims from the oil spill five years ago, the largest corporate settlement in U.S. history.
While BP had been expected to take a $10 billion hit at some point, it also agreed to pay up to $1 billion to resolve claims from some local government bodies, taking cumulative pretax charges for the Macondo rig explosion and spill that killed 11 workers to a massive $55 billion. Continuación...