Halliburton Co. and BP PLC have agreed to settle all remaining claims related to the 2010 Deepwater Horizon oil spill, the companies said Wednesday.

Houston-based Halliburton performed the oil-well cementing on the Deepwater Horizon rig, which was owned by Transocean Ltd. and operated by BP.

As part of the deal, Halliburton and BP Exploration & Production Inc. agreed to dismiss pending claims against each other.

Daniel Gilbert contributed to this article.

Write to Maria Armental at maria.armental@wsj.com

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