Heyya!
BP reported $17 billion loss on Tuesday due to more than $32 billion in charges related to the Deepwater Horizon rig explosion and oil spill cleanup. The company announced that former CEO Tony Hayward would be stepping down and the spot would be filled by Bob Dudley. Bob Dudley has been the person who has been heading the BP’s Gulf Coast Restoration Organization since June 23. Bp announced a loss of $16.9 million, due to $32.2 billion in pre-tax charges related to the worst oil spill in U.S. history. This causes the price of barrels to increase to $85 a barrel. BP announced Tuesday that they would raise $30 million in the next 18 months in order to help finish the cleanup effort. New CEO of BP says that his number one priority is to seal the well, and to clean up beaches along the Gulf Coast. He must now fix BP’s public image as well as its internal operations.
We will keep you updated as this topic unfolds.
