BP reached a settlement with the US government Thursday to pay $4.5 billion in criminal fines and penalties for the 2010 oil spill in the Gulf of Mexico. Critics calls the BP settlement a slap on the wrist.
Rosneft, Russia's state-owned oil company, announced Monday it will purchase full stake of TNK-BP from BP and a group of Soviet-born billionaires. The deal will establish Roseneft as the world's largest oil producer.
Robert Dudley – the first American to run BP – is winning plaudits, even in the UK. In the early days of the BP oil spill, there were nationalist grumblings in Britain about their largest company being ganged up on in the US. But after missteps by BP CEO Tony Hayward, some say new boss Robert Dudley may be just what the company needs.
Robert Dudley, who will become BP's new chief executive on Oct. 1, has many of the qualities that BP needs as it tries to move beyond the Gulf oil spill crisis. But he faces a tough task.
BP earmarked $32.2 billion last quarter for current and future Gulf oil spill costs – leading to $17 billion in losses. Yet BP is cautiously optimistic with Robert Dudley set to take over in October.
Robert Dudley will become the first non-British chief executive of BP, replacing the embattled Tony Hayward.
BP Chief Executive Tony Hayward attended a yachting race in England yesterday. It was just the latest BP public relations gaffe in the Gulf oil spill. Here are 10 of the worst.
BP CEO Tony Hayward spent part of his Saturday at a yacht race in England while some in U.S. have seen their livelihoods ruined by the massive two-month oil spill.
BP's managing director Bob Dudley will have day-to-day responsibility for managing the company's oil spill response in the Gulf of Mexico. Will he do any better at battling the crisis?
Despite acknowledging responsibility for the Gulf oil spill and trying to show confidence, BP CEO Tony Hayward appeared to be an executive who could not effectively communicate empathy.