LONDON (AP) - Former BP PLC chief Tony Hayward says the company was unprepared for the Gulf of Mexico oil spill and the media scrutiny, forcing it to improvise solutions. In an interview with the BBC to be broadcast Tuesday, Hayward says the contingency plans were inadequate and "we were... more »
WASHINGTON (AP) - The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday. Instead it was more about seemingly acceptable risks adding up to disaster. Investigators at the commission's hearing outlined more than a dozen decisions that... more »
LONDON (AP) - Outgoing BP CEO Tony Hayward defended his company's safety record Wednesday in the face of questions from British lawmakers, and said the Gulf of Mexico oil spill should not lead to a universal ban on deepwater drilling. Hayward gave evidence to a British parliamentary committee, months after... more »
LONDON (AP) - BP says Tony Hayward will step down as chief executive officer on Oct. 1 to be succeeded by American Robert Dudley. In a statement accompanying its earnings update today, BP says the decision was made by "mutual agreement." Currently BP's managing director, Dudley grew up partly in... more »
NEW ORLEANS (AP) - Tony Hayward, who became the face of BP's flailing efforts to contain the massive Gulf oil spill, will step down as chief executive in October and be offered a job with the company's joint venture in Russia, a person familiar with the matter said Monday. The... more »
WASHINGTON (AP) - Republican Rep. Joe Barton of Texas is issuing an apology - of sorts - about his apology to oil company BP. Barton had complained at a hearing earlier Thursday that the Obama administration was forcing BP to set up a $20 billion "slush fund" for oil spill... more »
WASHINGTON (AP) - BP's humbled CEO sat grim-faced Thursday as a House chairman accused him of being oblivious to the risks of the company's deep water operations. Tony Hayward waited his turn to tell Congress he was "deeply sorry" for his company's catastrophic oil disaster in the Gulf of Mexico.... more »