(MCT) — British oil giant BP can easily afford to pay the $4.5 billion in oil-spill settlement costs announced Thursday, but analysts said a more difficult task may be rebuilding its reputation.

BP agreed to the fines and other payments to the federal government and others and pleaded guilty to 11 felony counts related to the Deepwater Horizon oil rig explosion in the Gulf of Mexico that killed 11 workers in April 2010. It also agreed to a misdemeanor count under the Clean Water Act, a misdemeanor count under the Migratory Bird Treaty Act and a felony count of obstruction of Congress.