Bob Dudley News

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BP Is Looking Strong a Year After Gulf Oil Spill

NEW ORLEANS -- It's hard to tell that just a year ago BP was reeling from financial havoc and an American public out for blood. The oil giant at the center of one of the world's biggest environmental crises is making strong profits again, its stock has largely rebounded, and it is paying dividends to shareholders once...

Tony Hayward Admits BP Unprepared for Spill

LONDON (Nov. 9) -- In his first interview since stepping down as head of BP last month, Tony Hayward has admitted that the company was woefully unprepared to deal with the Gulf of Mexico oil spill, and he revealed how the disaster almost bankrupted the oil giant. Hayward told the BBC -- which tonight will air an hourlong...

Relief Well Drilling Suspended, but Tropical Storm Doesn't Materialize

(Aug. 11) -- A tropical storm warning covering much of the Gulf Coast temporarily halted progress on BP's relief well slated to finish off the Deepwater Horizon disaster, but the tropical depression dissipated this afternoon without causing any trouble for the spill area. BP is conducting pressure tests from a rig...

New BP Boss: Time to Scale Back Part of Oil Cleanup

(July 30) -- BP's incoming CEO told Gulf Coast residents today that it's time to begin scaling back parts of the oil spill cleanup. Bob Dudley, who doesn't officially take over until Oct. 1, met with residents and government officials in Biloxi, Miss., to discuss the company's long-term plans for dealing with the nation's...

Greenpeace Activists Shut Down London BP Stations

(July 27) -- Greenpeace activists temporarily shut down dozens of BP gas stations across London today to protest the company's handling of the Gulf of Mexico oil spill and to draw attention to environmental problems stemming from the world's reliance on petroleum. Starting at dawn, Greenpeace volunteer teams -- each...

Bob Dudley News From the Web

05/04/12 Breakup Please Source: Alphaville - FT.com Six months ago, the FT's analysis of BP's latest numbers began, Bob Dudley stated that the company had reached a "definite turning point".
05/03/12 BP profits plummet Source: OilVoice BP profits have fallen following the company's decision to sell some of its oil fields.
05/01/12 Why BP Has To Turn To National Champions Source: Forbes 'Lies, damn lies, and statistics' â one of Churchill's catchier phrases.
05/01/12 Gulf spill sales hit BP's profits Source: Express.co.uk The oil giant was also hit by falling demand for petrol and other oil-based products as a result of the feeble state of the global economy and high fuel prices.
05/01/12 BP Profit Falls As Gulf Disaster Still Casts Pall Source: Rigzone BP PLC Tuesday posted a drop in first-quarter profits as the energy giant's asset sales after its U.S. oil spill contributed to a drop in production, preventing it from cashing in on bumper crude oil prices to the same extent as some rivals.

Background on Bob Dudley

Robert "Bob" Dudley (born September 14, 1955) is the CEO of BP. He had served as President and Chief Executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organization responding to the Deepwater Horizon oil spill.

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