BP the word of caution!
The newly BP chief executive on Tuesday named the Gulf oil spill a stir-up call for the complete industry as the group computed the losses and revealed two U. S. investigations.
Bob Dudley, who will put back gaffe-prone Tony Hayward as chief executive during Oct. 1, expressed that security might be among his biggest main concern as the first American to guide BP attempts to renovate the British oil company's tattered reputation.
Impression revamp may become even tougher after BP expressed that it would counteract the cost of the spill beside its taxes, costing U. S. taxpayers almost $10 billion.
BP recorded a second-quarter loss of $17 billion, covering $32 billion in charges linked to the oil spill, the biggest in U. S. history. It also declared plans to sell $30 billion in properties during the next 18 months to aid wrap its liabilities.
The U. S. Securities and Exchange Commission and Department of Justice have roll out the relaxed queries into securities matters linked to the spill, BP expressed.
A Senate exploring into whether BP inclined the discharge of the Lockerbie bomber added that yet another basis of resistance. Senator Robert Menendez delayed a hearing on the issue, planned for Thursday, and blamed BP and British officials of stonewalling.