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BBC News - BP to emerge 'smaller and wiser'

BP will emerge from the Gulf of Mexico oil spill crisis a smaller and wiser company, according to the man who is due to take over the reins.

Bob Dudley, currently in charge of BP's clean-up operation, will replace Tony Hayward as chief executive in October.

Mr Dudley described the oil spill as a terrible tragedy from which the company and the industry would learn a lot.

Earlier, BP reported a record $17bn (£11bn) loss, having set aside $32bn to cover the costs of the spill.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Jul 27th, 2010 at 02:29:48 PM EST
[ Parent ]
Smaller in this context being a relative term.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 27th, 2010 at 05:33:05 PM EST
[ Parent ]

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