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BP Will Fulfill Commitments in the Gulf, New Chief Says
Date: 2010-07-27T09:57:10.597
Author: AAA Staff
Editor note: LONDON — Robert Dudley, BP’s newly appointed chief executive, said Tuesday that the oil giant remained committed to its business in the United States as it moved to sell $30 billion in assets before 2012 to pay for costs related to the oil spill in the Gulf of Mexico.
BP on Tuesday set aside $32.2 billion to deal with the aftermath of the spill, leading to a record second-quarter loss of $17 billion. That compared with a $4.4 billion profit in the period a year ago.
The company picked M
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View original artilce: http://www.nytimes.com/2010/07/28/business/global/28oil.html?hp
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