BP said Monday it has spent $2 billion in two months fighting its Gulf of Mexico oil spill and compensating victims, with no end in sight.

The British oil giant released its latest tally of response costs, including $105 million paid out so far to 32,000 claimants. The figure does not include a $20 billion fund that BP PLC last week agreed to set up for Gulf residents and businesses hurt by the spill.

Kenneth Feinberg, who has been tapped by President Barack Obama to run the fund, said many people are in desperate financial straits and need immediate relief.

"Do not underestimate the emotionalism and the frustration and the anger of people in the Gulf uncertain of their financial future," he said.

Scores of people and companies have sued BP for the April 20 rig explosion that killed 11 workers and set off the worst offshore oil spill in U.S. history. Scientists estimate anywhere from 68 million to 126 million gallons has spilled from the blown-out well on the seafloor.

It's likely to be at least August before crews finish two relief wells that are the best chance of stopping the spill.

Feinberg, who ran the claim fund set up for victims of the Sept. 11, 2001, terrorist attacks, said he is determined to speed payment of claims.

Shares of BP, which have lost about half their value since the rig Deepwater Horizon burned and sank off the Louisiana coast, were down nearly 5 percent Monday in London trading at $5.06. The rig was owned by Transocean Ltd. but run by BP.

BP also argued that its partners in the oil well project must share responsibility for the disaster costs. BP owned 65 percent of the well, while Anadarko Petroleum Corp. had a 25 percent stake and a subsidiary of Mitsui & Co. Ltd. of Japan had a 10 percent stake.

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