> BP Announces $17 Billion Loss, Names Dudley Chief Executive
>
> BP named Robert Dudley as chief executive Tuesday and
> reported a record $17 billion loss in the second quarter in
> the aftermath of the oil spill in the Gulf of Mexico.
>
> BP set aside $32.2 billion for costs related to the spill,
> including $20 billion for an escrow fund announced earlier.
> To help cover the costs, the company plans to sell assets
> worth $30 billion over the next 18 months.
>
> Mr. Dudley, an American, is to become BP's first non-British
> chief executive at the beginning of October, replacing Tony
> Hayward, who is stepping down following criticism about the
> way he handled the spill.
>
Read More:
http://www.nytimes.com/2010/07/28/business/global/28oil.html?emc=na
>
> BP named Robert Dudley as chief executive Tuesday and
> reported a record $17 billion loss in the second quarter in
> the aftermath of the oil spill in the Gulf of Mexico.
>
> BP set aside $32.2 billion for costs related to the spill,
> including $20 billion for an escrow fund announced earlier.
> To help cover the costs, the company plans to sell assets
> worth $30 billion over the next 18 months.
>
> Mr. Dudley, an American, is to become BP's first non-British
> chief executive at the beginning of October, replacing Tony
> Hayward, who is stepping down following criticism about the
> way he handled the spill.
>
Read More:
http://www.nytimes.com/2010/07/28/business/global/28oil.html?emc=na
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